(i) All lost or misplaced property which comes into the possession of the Company shall be dealt with as follows-
(a) perishable, noxious or otherwise offensive goods or articles may be disposed of by the Company as soon as practicable after they have come into its possession by sale or otherwise as it sees fit;
(b) all other goods or articles shall be retained by the Company for a period of 3 months after they have come into its possession and, if at the end of that period they remain unclaimed, they shall be deemed to become the property of the Company free of all rights and encumbrances, and the Company may dispose of them by sale or otherwise as it sees fit and retain any proceeds of sale thereof, and no claim for damages or compensation shall be brought against it by any person in respect of such goods or articles.
(ii) Any person claiming ownership of any lost property shall be required to identify it to the reasonable satisfaction of the Company before the Company shall return such property to such person.