Article 5

(a)

Property or an interest in property shall be deemed to have been British if legally or beneficially at the relevant date the property was owned or held by, or the interest was the interest of

(i)

Her Majesty's Government in the United Kingdom or the Government of any territory for the foreign relations of which Her Majesty's Government in the United Kingdom are responsible; or

(ii)

Any individual who was a British subject without citizenship or a citizen of the United Kingdom and Colonies or a citizen of Southern Rhodesia or a British protected person, or who would have been within one of these categories of persons if the British Nationality Act, 1948, had been in force at the relevant date; or

(iii)

Any corporation incorporated under the laws in force in the United Kingdom or Colonies or in any territory for the foreign relations of which Her Majesty's Government in the United Kingdom were responsible.

(b)

For the purposes of paragraph (a) of this Article a person shall be deemed to be the owner or holder of property or an interest in property if he possessed the title thereto in his own name or if it was held on his behalf by a trustee or nominee.