(1)Where in pursuance of arrangements made by or on behalf of His Majesty’s Government in the United Kingdom, there is placed at the disposal of that Government any money representing property in—
(a)any colony,
(b)any territory under His Majesty’s protection in which for the time being His Majesty has jurisdiction, or
(c)any territory for the time being administered under the trusteeship system of the United Nations by His Majesty’s Government in the United Kingdom,
being property which belonged to, or was held or managed on behalf of, German nationals or bodies incorporated or constituted in, or under the laws of, Germany, or bodies controlled by German nationals or such bodies as aforesaid, the money shall be paid to the administrator and shall be dealt with in like manner as German enemy property within the meaning of this Act.
(2)If the Treasury direct that any money transferred to the Custodian of Enemy Property for England under any Order in Council made under the M1Palestine Act 1948, as representing German enemy assets held by the Palestine Custodian of Enemy Property shall be paid to the administrator, that money shall be dealt with in like manner as German enemy property within the meaning of this Act.
Marginal Citations