Treaty of Peace Regulations (Amendment) (Cth)

STATUTORY RULES.

1926. No. 36.

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REGULATIONS UNDER THE TREATY OF PEACE (GERMANY) ACT 1919-1920.

I,THE GOVERNOR-GENERAL in and over the Commonwealth of Australia, acting with the advice of the Federal Executive Council, hereby make the following Regulations under the Treaty of Peace (Germany) Act 1919-1920, to come into operation forthwith.

Dated this twenty-fourth day of March, 1926.

STONEHAVEN,

Governor-General.

By His Excellency’s Command,

Ll. ATKINSON,

for Treasurer.

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Amendment of the Treaty of Peace Regulations.

(Statutory Rules 1920, No. 25, as amended to this date.)

1. Regulation 31 of the Treaty of Peace Regulations is amended by adding at the end of the definition of “Australian Soldier” the words “, and includes a company approved by the Custodian in which all the shares issued by the company are held by Australian soldiers and of which the Articles of Association contain a provision prohibiting the sale or transfer of shares in the company to persons who are not Australian soldiers and prohibiting the transfer of shares to Australian soldiers without the consent of the Custodian”.

2. Regulation 50 of the Treaty of Peace Regulations is amended—

(a) by inserting in sub-paragraph (a)of paragraph (1), after the word “amount”, the words “, or securities approved by the Custodian,”;

(b) by inserting in sub-paragraph (a)of paragraph (2), after the word “amount”, the words “, or securities approved by the Custodian,”; and

(c) by adding at the end thereof the following sub-regulation:—

“(2) Where securities are forwarded with the tender by way of deposit the Custodian may, upon the acceptance of the tender, realize the securities and credit the purchaser with the net proceeds of the realization.”

C.3906.—Price 3d.

 

3.After regulation 58 of the Treaty of Peace Regulations, the following regulation is added:—

“59. Where the purchaser is a company approved by the Custodian in which all the shares issued by the company are held by Australian soldiers and of which the Articles of Association contain a provision prohibiting the sale or transfer of shares in the company to persons who are not Australian soldiers and prohibiting the transfer of shares to Australian soldiers without the consent of the Custodian, if, before the whole of the purchase money and interest thereon is paid—

(a) any share is held by a person who is not an Australian soldier; or

(b)the articles of association of the company are altered so as no longer to contain the provision set forth in this regulation,

the Custodian or his duly authorized agent may enter upon and take possession of the property; and thereupon may cancel the contract of sale, and, in his discretion, forfeit any moneys previously paid by the purchaser under the contract of sale.”

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