(1)In this Act, unless the context otherwise requires, the following expressions have the meanings hereby respectively assigned to them, that is to say:
" British aircraft " means aircraft registered in Her Majesty's dominions;
" goods " includes currency and any securities payable to bearer, not being either bills of exchange or promissory notes;
" war risks " means risks arising from any of the following events, that is to say, hostilities, rebellion, revolution and civil war, from civil strife consequent on the happening of any of those events, or from action taken (whether before or after the outbreak of any hostilities, rebellion, revolution or civil war) for repelling an imagined attack or preventing or hindering the carrying out of any attack, and includes piracy.
(2)The provisions of this Act relating to British ships shall apply also to ships of India and ships of the Republic of Ireland, and references in this Act to British ships shall be construed accordingly.
(3)The provisions of this Act relating to British aircraft shall apply also to aircraft registered in India, the Republic of Ireland, the Federation of Malaya, a protectorate, a protected state, a trust territory or a mandated territory, and references in this Act to British aircraft shall be construed accordingly.
The references in this subsection to a protectorate, a protected state, a trust territory and a mandated territory shall be construed as if they were references contained in the British Nationality Act, 1948.
(4)Any agreement made under section one of the War Risks Insurance Act, 1939, shall, if in force at the commencement of this Act, continue in force and have effect as if made under section one of this Act, and any approval given, under subsection (4) of section eighteen of that Act, to a body of persons shall, if in force at the commencement of this Act, continue in force and have effect as if it were approval given under subsection (4) of section seven of this Act to that body of persons.