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WAR REGULATIONS, TRADING WITH THE ENEMY

Some new and important war regulations were made public by special Gazette yesterday morning. The regulations deal in part with the custody and control of enemy property, and in part they confer upon the Government extensive powers ia the matter of dealing with trading with the enemy. The Attorney-General (the Hon. A. L. Herdman), who was asked by a representative of the "Dominion" a few days ago for an explanation of the new regulations, said that the regulations which dealt with the custody of enemy property constituted the Public Trustee the custodian of enemy property, and they required any person who, on the coming into operation of the regulations, holds or has control of enemy property to notify the Public Trustee of the fact, and to furnish full particulars of the property held or controlled by him. In the case of moneys payable to an enemy, continued Mr Herdman, the custodian may demand payments of such moneys from the person by whom they are payable, find all rent, dividends, interest, share of profit, and other income owing by any person in New Zealand to an enemy shall be paid to the Public Trustee. As to the regulations dealing with enemy trading :— First: Trading with any firm or company carrying on business elsewhere than in the British Dominions is prohibited if that company or firm is incorporated or has its chief place of business in enemy territory. This regulation covers the case of trading with a firm carrying on business in America or American Samoa, if the head office of such firm is in Germany. Second : Power is given to the Attorney-General to declare a company, firm, or person an enemy if he is satisfied that the business of such company, firm, or person is being earned on for the benefit of alien enemies resident out of New Zealand, or if the company, firm or person is engaged in any business or under taking injurious to the interests of His Majesty during the present war. A suspected person, firm, or company will be declared an enemy in the Gazette, and trading with such an enemy therejiipon becomes unlawful. A complete list of persons with whom trading is to be prohibited is to be forwarded to New Zealand by the Imperial Gqvernment and on its arrival the, list will be gazetted.

Third : The Minister of Customs may stop the exportation of goods if he has reason to suspect that the consignee is an enemy or is a person engaged in any business injurious to His Majesty.

Fourth: Power is given to prevent persons carrying on budness in the name of an enemy.

Fifth: A Registrar of Companies is prevented from using a certificate of incorporation until the Attorney-General is satisfied that no enemy possesses, or is about to acquire, any interest in the company. Similar restrictions are placed upon companies incorporated elsewhere than in New Zealand wishing to carry en business in New Zealand.

An enemy is prevented from acquiring shares, debentures, or debenture slock in any compai y incorporated in New Zealand.

Sixth : Perhaps the regulation which is of the greatest loci interest is the one which provides that the Attorney-General may impose such restrictions : .s he thinks fit upon any busine :s carried on in New Zealand wht i he is satisfied that such busine .s is wholly or partially carried c \ by, or on behalf of, an eneirn , an enemy company, or alic i enemy. Seventh: The existing powr - of the Attorney-General 1 > appoint the Public Trustee v; Controller of certain compank ;

is extended, and a controller ma

under the new regulations, ho. appointed whenever the Attorney- General is satisfied that it; exercise is advisable by reaso > of the existence of any interest

or control possessed or exercise I in or on such business by ai enemy.

This statement which 1 ai i giving you does not profess to h ■ more than a hurried and perfunctory explanation of the nev regulations. I have to leav.:

town this morning hurriedly, an 1 have not time to give you moi.? than a rough outline of their

.scope. When I return I shall In pleased to give you a more coir-

plctc explanation

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Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/AMBPA19160414.2.23

Bibliographic details

WAR REGULATIONS, TRADING WITH THE ENEMY, Akaroa Mail and Banks Peninsula Advertiser, Volume LXXXV, Issue 3536, 14 April 1916

Word Count
707

WAR REGULATIONS, TRADING WITH THE ENEMY Akaroa Mail and Banks Peninsula Advertiser, Volume LXXXV, Issue 3536, 14 April 1916

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