Distribution of German Enemy Property Act 1952

1952 CHAPTER 30 15 and 16 Geo 6 and 1 Eliz 2

An Act to amend the definition of “German enemy debt” for the purposes of the Distribution of German Enemy Property Act 1949, in relation to sums due at the passing of that Act in respect of certain German public securities.

[26th June 1952]

1 Amendment of definition of “German enemy debt”. U.K.

The M1 Distribution of German Enemy Property Act 1949, shall have effect and shall be deemed always to have had effect as if the sums mentioned in paragraph (b) of the definition of “German enemy debt” included any sum due at the passing of that Act—

(a) in respect of any bond of the City of Saarbruecken 6 per cent. Sterling Loan of 1928, being a bond enfaced in accordance with the Supplementary Agreement for the execution of Article 2 of the Anglo-German Transfer Agreement of the first day of July, nineteen hundred and thirty-eight;

(b) in respect of any bond of any of the issues described in the Schedule to this Act

Marginal Citations

M1 1949 c. 85.

2 Short title, construction and citation. U.K.

This Act may be cited as the Distribution of German Enemy Property Act 1952, and shall be construed as one with the Distribution of German Enemy Property Act 1949; and this Act and that Act may be cited together as the Distribution of German Enemy Property Acts 1949 and 1952.

Section 1.

SCHEDULE U.K. Issues

Potash Syndicate of Germany 25 year Sinking Fund Gold Loan.

City of Berlin 6 per cent. Sterling Loan, 1927.

City of Cologne 6 per cent. Sterling Loan, 1928.

City of Dresden 5½ per cent. Sterling Loan of 1927.

City of Munich 6 per cent. Sterling Bonds.

State of Hamburg 6 per cent. Sterling Loan of 1926.

Hamburg Waterworks 6 per cent. Sterling Loan.

The Free State of Saxony 6 per cent. 25 year Sterling Bonds of 1927.

Province of Westphalia 7 per cent. Sterling Loan of 1926.

Prussian Electric Company 6 per cent. 25 year Sterling Bonds.