Treaties — Peace Treaties — Operation of — Interpretation of Order Based on Treaty but Differently Phrased — Powers of Administrator of Hungarian Property — Whether Company’s Property Deemed to “Belong” to Shareholders.

Trading with the Enemy — British Trading with the Enemy Act, 1939 — Enemy Property — Property “belonging to or held or managed on behalf of” an Enemy — One-Man Company — Whether Status of Shareholders Material.

Enemy Character — Of Corporations — Whether Affected by Status of Shareholders — Whether Company’s Assets “Belong” to or are “Held or Managed on behalf of” the Shareholders — One-Man Company — Trading with the Enemy Act, 1939 — Peace Treaty between United Kingdom and Hungary, 1947 — Treaty of Peace (Hungary) Order, 1948.

Jurisdiction — Territorial Limits of — Foreign Legislation Transferring Movable Property of Foreign Nationals In England — Whether Enforceable in English Courts — Confiscatory Legislation — Public Policy — Lex situs — Position of Allied Government-in-Exile — Trading with the Enemy Act, 1939 — What is Enemy Property — Meaning of Belonging to or “Held or Managed on behalf of” Enemy — Peace Treaty between United Kingdom and Hungary, 1947 — Interpretation of Order based on Treaty — Charges on Hungarian Property — Whether Company’s Property deemed to “belong” to Shareholders.