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The Japanese Treaty of Peace Order 1952

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10.—(1) The Board of Trade may by Order vest in the Administrator any Japanese property, or the right to transfer the same. Any Order so made by the Board is hereinafter referred to as a “Vesting Order”.

(2) The Administrator shall have such rights, powers, duties and liabilities with regard to the Japanese property, or the right to transfer the same, vested in him by a Vesting Order as are prescribed by the Vesting Order.

(3) A Vesting Order 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 by the High Court under the Trustee Act, 1925, and shall be sufficient to vest in the Administrator any property or the right to transfer any property as provided by the Vesting Order without the necessity for any further conveyance, assurance or document.

(4) Any power conferred by this Order to make a Vesting Order shall be construed as including a power, exercisable in the like manner, to vary or revoke the Order.

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