175. German enemy property controlled by a United Kingdom company.

175.     German enemy property controlled by a United Kingdom company.

Where any German enemy property1, on or at any time after 3 September 1939, belonged to, or was held or managed on behalf of, a German company2, and the company was on that day controlled, directly or indirectly, by a United Kingdom company3, that property4 may be treated as property to which the United Kingdom company would have been entitled but for the operation of the Trading with the Enemy Act 1939, or any order made under that Act5.