Aliens Restriction (Amendment) Act 1919

11 Temporary restriction on acquisition by former enemy aliens of certain kinds of property

(1) During a period of three years from the passing of this Act it shall not be lawful for a former enemy alien, either in his own name or in the name of a trustee or trustees, to acquire property of any of the following descriptions ; that is to say :—

(a) any land, or any interest in any land, in the United Kingdom ; or

(b) any interest in a key industry, or any share or interest in a share in a company registered in the United Kingdom which carries on any such industry; or

(c) any share or interest in a share in a company owning a British ship registered in the United Kingdom.

(2) If any such property as aforesaid is acquired in contravention of this section, the Board of Trade may, on an application made to them for the purpose, by order vest the property in the Public Trustee.

Any such order may contain provisions applying for the purposes of the order, with such modifications as the Board think necessary, any of the provisions of section four of the [5 & 6 Geo. 5. c. 105.] Trading with the Enemy Amendment Act, 1916, or any enactment referred to in that section.

(3) For the purpose of this section—

• The expression " key industry " means any industry included in a list declared by the Board of Trade to be a list of key industries for the purposes of this section ;

• The expression " share " includes any stock forming part of the capital of a company and securities of any description issued by a company ;

• The expression " interest in land " does not include a tenancy for a period not exceeding three years at a rackrent.

(4) Any list of key industries prepared by the Board of Trade under this section shall, be published as soon as it is made in the London Gazette, and may be varied or amended by the Board from time to time.