Section 3 Arrangements for the resolution of conflicting claims to German property.
Where arrangements have been made by or on behalf of His Majesty’s Government in the United Kingdom with the Government of any country outside the United Kingdom or any person acting on their behalf for the resolution of conflicting claims to German enemy property and corresponding property under the control of the Government of that country,—
the Treasury may, for the purpose of giving effect to those arrangements, direct the administrator to transfer to such person as may be specified in the direction such German enemy property or proceeds thereof as may be so specified, and the administrator shall comply with any such direction; and
any property transferred in pursuance of those arrangements to any person acting on behalf of His Majesty’s Government in the United Kingdom shall be transferred to the administrator and shall be dealt with in like manner as German enemy property.