[Note: this transcription was produced by an automatic OCR engine]



Juin: Regulatiom [17 of 1941 383
A JOINT RÉGULATION {21.117 or
To provide for the acquisifion and transfer ni secnrlfies and me
purdlmsaleanfllonnoflmeimcnrrmcyandgolrl.
[Joint hgularlon Na. l7 of 1941 wm'publishedin Condominium Gazette
No. 123 and i: reprintad as amended by Joint Regulation Na. 7 of1946
(Gazette Na. 157).]
Issued by the Resident Commissioners under du provisions of
Article 7 of the Angle-Franc}: Protocol of 1914, as amended by an
Exchange of Notes between the British and Frenvh Governments
which came into force on the 8th May 1940.
1. (l) The Resident Commissioners may by Order direct— mer m
(n) thnt, subject w any exemptions for which provision may Muwî‘h
be made by the 0rder, no poison shall, cxcepî with and 1,0
permission granærl by the Residen! Commissioners, sell,

transfer or do anyfliing which involves the mention cf a
charge on, securitins cf any suc]: 01858 as may be specified
in du order; bain; a class cf securities, which in tlm opinion
of flic Resident Commissionm are likely to be markctnble.
ouiside the New Hein-ides, and

tlmt the owner of any securities of the said class shall, in
such Il]ch and within suclr period as may be specified in
lire Ortier, make a retnrn to the Resîdent Commissioners
giving suc]: particulars with respect to those secm'ities as
nmy be sa specified.

For the purposes of this paragraph a person who martyrs: or
pledges a murity shnll be dermed thereby tu create a charge on llre
security.

(2) At any time while an Oœdcr marie under pmgraph (1)
cf lhis Article with respect to securities of nny class is in force, the
Resideni Commissianers, if 'hey are of flic opinion flint is expedimt
no t0 do for (ha purpose of strengthing the financial position of tire
New Hein-ides, may by au Order made generally with respect tu any
specified securities of that class, (a) Lransfer to the Resident Com—
missioners or ta any persan, savamment or bank tire securifies to
which the Order relates at a prioe which, in the Resident Commis-
sioncrs’ opinion, in not les! than the muket value cf the securities
on Lb: daœ on which the Order was made, or (b) direct thc manner
in which such securilies or Lb: proceeds thereof shall b: dealt with.

(3) When any Order in made lande: pal-ampli (2) (a) of this
article with respect tu any sacrifice——
(a) chose sccnritins shall forthwith vestin dl: Rssident Commis—

sioners free from any mongage, pledge or charge and may
b: dealt with by du Resident Commissionm as they shall
think fit;

(b)