The Archive · 1914

Position of Banks

Exception is made in the case of banks whose constitution at the commencement of the war provided that any of the officers or directors should be resident in German or Austro-Hungarian territory.

The Ordinance makes it unlawful for any such bank to carry on its business in any way whatsoever except for the purpose of completing transactions entered into before the outbreak of the war and the Governor is empowered to impose such restrictions in the case of any such bank and to require any such bank to submit to such restrictions as he may think fit.

The last clause of the Ordinance provides that if any enemy has a branch locally situated in the Colony or if any firm carrying on business in the Colony had at the commencement of the war any partner, who at any time after the commencement of the war is or becomes an enemy within the meaning of the proclamation, or if any German subject or Austro-Hungarian subject carries on business in the Colony, it shall be lawful for the Governor to impose such restrictions on the business of any such branch firm or enemy subject as he may think fit.

It should be explained that since the war began Englishmen who had been in the employ of certain German firms have announced that they have started in business on their own account.

What is an Enemy.

In a Proclamation issued by His Majesty the King on September 9 and promulgated in the Colony today the expression enemy" is defined as meaning "any person or bodies of persons of whatever nationality resident or carrying on in the enemy country but not include persons of enemy sonality who are neither resident nor carrying on business enemy country.""

'The Attorney General, in explaining in Council the Bill which has been based on this proclamation, remarked that enemy character' in connexion with the offence of trading did not depend on nationality or national sympathies but on commer-domicile. A German subject

Text read from the printed page and cleaned; old type leaves the occasional error.

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