88 
shall, within one month aster the passing of this Act, 
by notice in writing communicate to the Custodian 
full particulars of all shares, stock, debentures, and 
debenture stock and other Obligation» of the Company 
which are held by or for the benefit of anenemy; and 
every partner of every firm, one or more partners of which on 
tbe commencement of thewarbeeame enemies or to which 
money had been lent for the' purpose of the busin ess 
of the firm by a person who so became an enemy, shall, 
within one month aster the commencement of this Act, 
by notice in writing communicate to the Custodian 
full particulars as to any share of profits and Interest 
due to such enemies or enemy, and, if any Company 
or partner fails to comply with the provisions of this 
subsection, the Company shall, on conyiction under the 
Summary Jurisdiction Acts, be liable to a fine not 
exceeding one hundred pounds, and in addition to a 
further fine not exceeding fifty pounds for every day 
during which the default continues, and the partner 
and every director, manager, secretary or officer of the 
Company who is knowingly a party to the default shall 
on the like conviction be liable to the like fine, or to 
imprisonment, with or with out hard labour, for a term 
not exceeding six months, or to both such imprison 
ment and fine. 
4. Power tovest enemy property in 
Custodian. 
(1) The High Court or a judge thereof may, on 
the application of any person who appears to the court 
to be a creditor of an enemy or entitled to recover 
damages against an enemy, or to be interested in any 
property, real or personal (including any rights, whether 
legal or equitable, in or arising out of property real 
or personal), belonging to or held or managed for or 
on behalf of an enemy, or on the application of the 
Custodian or any Government Department, by Order 
vest in the Custodian any such real or personal pro 
perty as aforesaid, if the court or the judge is satis- 
fied that such vesting is expediert for the purposes 
of this Act, and may by the Order confer on the Cu 
stodian such powers of selling, managing and other- 
wise dealing with the property as to the court or judge 
may seem proper. 
(2) The court or judge before making any order 
under this section may direct that such notices (if any), 
whether by way of advertisement or otherwise, shall 
be given as the court or judge may think fit. 
(3) A vesting order under this section as respects 
property of any description shall be of the like purport 
and effect as a vesting order as respects property of 
the same description made under the Trustee Act, 1893. 
5. Holding and dealing with property 
by Custodian. 
(1) The Custodian shall, except so far as the 
Board of Trade or the High Court or a judge thereof 
may otherwise direct, and subject to the provisions of 
the next succeeding subsection, hold any money paid 
to and any property vested in bim under this Act 
until the termination of the present war, and shal 
thereafter deal with the same in such manner as His 
Majesty may by Order in Council direct. 
(2) The property held by the Custodian under this 
Act shall not be liable to be attached or otherwise 
taken in execution, but the Custodian may, if so 
authorised by an order of the High Court or a judge 
by whose order any property belonging to an enemy was 
vested in the Custodian under this Act, or of any court in 
which judgment bas been recovered against an enemy, 
pay out of the property paid to him in respect of that 
enemy the whole or any part of any debts due by that 
enemy and specified in the order: 
Provided that betöre paying any such debt the 
Custodian shall take into consideration the sufficiency 
of the property paid to or vested in him in respect of 
the enemy in question to satisfy that debt and any 
other Claims against that enemy of which notice verified 
by statutory declaration may have been served upon him. 
(3) The receipt of the Custodian or any person 
duly authorised to sign receipts on his behalf for any 
sum paid to him under this Act shall be a good dis- 
charge to the person paying the same as against the 
person or body of persons in respect of whom the sum 
was paid to the Custodian. 
(4) The Custodian shall keep aregister of all property 
held by him under this Act which register shall be open 
to public inspection at all reasonable times free of Charge. 
6. Invalidity of assignment of debts^ 
&c., by enemies. 
(1) No person shall by virtue of any assignment 
of any debt or other chose in action, or delivery of 
any Coupon or other security transferable by delivery, 
or transfer of any other Obligation, made or to be made 
in his favour by or on behalf of an enemy, whether 
for valuable consideration or otherwise, have any rights 
or remedies against the person liable to pay, discharge 
or satisfy the debt, chose in action, security or Obligation, 
unless he proves that the assignment, delivery, or transfer 
was made by leave of the Board of Trade or was made 
before the commencement of the present war, and any 
person who knowingly pays, discharges or satisfies any 
debt, or chose in action, to which this subsection 
applies, shall be deemed to be guilty of the offence of 
trading with the enemy within the meaning of the 
principal Act: 
Provided that this subsection shall not apply where 
the person to whom the assignment, delivery or transfer 
was made, or some person deriving title under him, 
proves that the transfer, delivery or assignment or some 
subsequent transfer, delivery or assignment, was made 
before the nineteenth day of November, nineteen 
hundred and fourteen, in good faith and for valuable 
consideration nor shall this subsection apply to any 
bill of exchange or promissory note. 
(2) No person shall by virtue of any transfer of 
a bill of exchange or promissory note made or to be 
made in his favour by or on behalf of an enemy,