TRADE WITH ENEMY

Evening Post, Volume CXXVIII, Issue 72, 22 September 1939, Page 9

TRADE WITH ENEMY

EXPLANATION AND WARNING

An explanation of the Enemy Trading Emergency Regulations for the benefit of the business community and the public generally is contained in a notice issued by the Department of Industries and Commerce. The term "enemy" is held to include governmental agencies in enemy territory, any person or business resident or established in enemy territory, and any person, firm, or company declared by the.Minister of Industries and Commerce to be an enemy trader. It does not, however, include persons only because they are nationals of an enemy country. "Enemy territory" includes j any territory in the occupation of the enemy's armed forces. Traders and other persons are particularly warned not to pay, compromise, or give security for the payment of any debt or any other sum of money with or for the benefit of an enemy, not to act on behalf of an enemy in dealing in any way with any negotiable instrument, and not to enter into any new transaction or complete any existing transaction of a commercial nature with or for the benefit of an enemy. The same, conditions apply to insurance policies or contracts and to trading in goods with an enemy. Delivery of goods shipped from an enemy country before the regulations, came into force may be permitted, but this does not authorise any payment of money or any dealing contrary to the regulations. Payments by or on account of enemies to persons resident in New Zealand may be * permitted where the transaction was entered into before the outbreak of war, or otherwise with the consent of the Minister of Industries and Commerce. Correspondence with enemies on business matters will be approved in certain cases, and in exceptional cases the j Minister may grant licences to engage lin transactions otherwise prohibited.