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Regulation of transfer of British ship to unqualified persons.
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1. A transfer made after the twelfth day of February nineteen hundred and fifteen of a British ship registered in the United Kingdom, or a share therein, to a person not qualified to own a British ship, shall not have any effect unless the transfer is approved by the Board of Trade on behalf of His Majesty, and any person who makes, or purports to make, such a transfer after the commencement of this Act without that approval shall, in respect of each offence, be guilty of a misdemeanour.
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