Regulation 9 Disposal of property by operator or his representative
If any such property in the custody of an operator or his representative is not claimed within one month of the date when it was delivered to the operator or his representative in pursuance of the 1934 Regulations or these Regulations, and proved to the satisfaction of the operator or his representative to be owned by the claimant, or if the claimant shall refuse or neglect to pay to the operator or his representative the charge specified in Schedule 2 for property of that kind or to take delivery of the property, then the property shall thereupon vest in the operator who shall (save in the case of money) without undue delay, sell the property:
Provided that—
property the value of which in the opinion of the operator or his representative exceeds 50p and any property which for any reason in the opinion of the operator or his representative should be retained for a longer period than one month, shall not vest in the operator and shall not be disposed of until the expiration of such longer period, not being less than three months, as the operator or his representative may think fit;
any official documents which it has not been practicable to return to the appropriate body or person in accordance with provisions (a) of Regulation 7, and any other documents which have not been claimed by a person entitled, in accordance with these Regulations, to their return within the period of three months specified above, shall be dealt with or disposed of in such manner as the operator may deem appropriate.
Where property vests in an operator in accordance with paragraph (1) above, he may dispose of the property (in the case of money) or the proceeds of sale as he thinks fit.