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Enemy Property Act 1953

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Part 1E+W+S+N.I. General Provisions as to Enemy Property and Property Treated as Enemy Property

F11—3.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .E+W+S+N.I.

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4 Income from moneys invested by custodian.E+W+S+N.I.

(1)Subject to the provisions of this section, any income received by a custodian [F2of enemy property appointed under section 7 of the Trading with the M1Enemy Act 1939 (herein after referred to as “the Act of 1939”)] from the investment of moneys coming into his hands (whether in pursuance of the Act of 1939 or otherwise) in his capacity as custodian, being income received by way of discount on the puchase by him of Treasury Bills or by way of interest on other loans made by him to the Treasury or on moneys placed by him in his name on deposit or current account at a bank, shall belong to the Crown and be paid into the Exchequer.

(2)The last foregoing subsection shall be deemed to have had effect as from the coming into operation of the M2Trading with the Enemy (Custodian) Order 1939, so however that it shall not be construed as authorising or requiring the repayment of any sums paid by a custodian before the passing of this Act otherwise than into the Exchequer.

F3(3)—(5). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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F2Words inserted by Statute Law (Repeals) Act 1976 (c. 16) Sch. 2 Pt. II

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Marginal Citations

M2S.R. & O. 1939/1198

F45. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .E+W+S+N.I.

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