Where—
(a) under any provision contained in Part 2, the permission of the Director of Finance and Planning is required for the making of a payment or the placing of any sum to the credit of any person resident outside the scheduled territories; or
(b) any payment falls to be made by an authorised dealer on the sale of any gold or specified currency by any foreign company within the meaning of subsection (1) of the concluding section of Part 5, being a sale made to comply with any requirement notified under that subsection,
the Director of Finance and Planning may direct that the sum payable or to be credited shall be paid or credited to a blocked account only, and, where such a direction is given, the provisions of Schedule 3 has effect in relation to the payment or crediting of the sum.