HC Deb 26 July 1918 vol 108 c2217

(1) During the period of five years immediately after the termination of the present War, no banking business shall be carried on within the United Kingdom—

  1. (a) by a company which is an enemy controlled corporation within the meaning of the Non-Ferrous Metal Industry Act, 1918; or
  2. (b) by a firm or individual, if the business carried on is one with respect to which, if a state of war still continued, an order for the winding up thereof could have been made under Section one of the principal Act;
and if any person is concerned in carrying on any such business in contravention of this provision he shall be guilty of a misdemeanour punishable in like manner and subject to the like provisions as in the case of a misdemeanour under Section one of the Trading With the Enemy Act, 1914, and that Section shall apply accordingly.

Amendment made: After the words "the termination of the present War," insert the words "and thereafter until Parliament otherwise determine."—[Mr. Wardle.]