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instrument was made before the nineteenth day of November,
nineteen hundred and fourteen, in good faith and for valuable
consideration.
(3) Nothing in this section shall be construed as validating
any assignment, delivery or transfer which would be invalid
apart from this section or as applying to securities within the
meaning of section eight of this Act.
Right to Pay into Court Sums Due on Coupons Sus
pected of being Enemy Property.
7. Where during the continuance of the present war any
coupon or other security transferable by delivery is presented
for payment to any company, municipal authority, or other
body or person, and the company, body or person has reason to
suspect that it is so presented on behalf or for the benefit of
an enemy, or that since the commencement of the present war
it has been held by or for the benefit of an enemy, the com
pany, body or person may pay the sum due in respect thereof
into the High Court, and the same shall, subject to rules of
court, be dealt with according to the orders of the court, and
such a payment shall for all purposes be a good discharge to
the company, body or person.
Invalidity of Transfers of Shares in Company, &c.
8. —(1) No transfer made after the passing of this Act by
or on behalf of an enemy of any securities shall confer on the
transferee any rights or remedies in respect thereof and no
company or municipal authority or other body by whom the
securities were issued or are managed shall, except as herein
after appears, take any cognizance of or otherwise act upon
any notice of such a transfer :
(2) No entry shall hereafter, during the continuance of the
present war, be made in any register or branch register or
other book kept in the United Kingdom of any transfer of
any securities therein registered, inscribed or standing in the
name of an enemy, except by leave of a court of competent
jurisdiction or of the Board of Trade.
(3) No share warrants payable to bearer shall be issued
during the continuance of the present war in respect of any
shares or stock registered in the name of any enemy.
(4) If any company or any body contravenes the provisions
of this section the company or body shall be liable on con-
