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(3) The deposit shall be made in such manner and shall be of such nature as the Colonial Treasurer shall direct and approve.
(4) If the successful tenderer shall fail to make the deposit required by this paragraph within the prescribed period or such extended period as the Colonial Treasurer may in writing allow then the deposit made under the preceding paragraph shall be forfeited to the Government and the successful tenderer shall have no claim to the issue of any licence.
(5) The licensee shall enter into an agreement in such form as the Colonial Treasurer may require charging the sum deposited by way of security with the payment to the Gov- ernment of all losses damages costs charges claims demands and expenses which may from time to time be incurred by the Government through the failure of the licensee duly and satisfactorily to comply with the obligations imposed by his licence and providing for de- ductions to be made on the certificate of the Colonial Secretary as to the amount to be de- ducted and for delivery up of the deposit receipt for cancellation or alteration of the
amount.
(6) In the event of any deduction being made from the deposited sum and the licence not being thereon determined the licensee shall within fourteen days after such deduction make up the deposited sum to the full original amount thereof.
The Vehicles and Traffic Regulation Ordinance and Regulations.
19. It shall be a condition of every licence that the licensee shall observe and comply with the Vehicles and Traffic Regulation Ordinance, 1912, and every Ordinance amending the same or substituted therefor, and also with all regulations in force for the time being, thereunder.
General provisions as to tenders.
20.-(1) The Governor in Council shall not be bound to accept the highest or any
tender.
(2) Every tenderer shall state in his tender an address in the Colony to which com- munications and notices to him may be sent.
(3) Forms of tender may be obtained on application at the Colonial Secretary's Office:
(4) The tender must include a statement as to the fitness and capability of the tenderer to establish and maintain the service.
(5) No tender will be accepted unless the tenderer represents, if an individual, that he is a British subject and, if a firm or company, that the majority of the partners or directorate are British subjects, and in any case that the management and the administrative staff or an effective majority thereof, to the satisfaction of the Governor in Council, are or will be British subjects; that the control will be within the Colony and essentially British; that at all times and in all circumstances (including any and every emergency) the Govern- ment may be assured that the service will be duly and loyally maintained; and that the situation as above will continue and be observed with the utmost good faith during the subsistence of the licence and any and every extension thereof if granted to the tenderer. Such representations (including the undertakings contained therein) shall be the basis of any licence that may be granted, and if it shall at any time appear to the Governor in Council that any such representation has failed and no longer supports the licence then and in such case the Governor in Council may cancel such licence, and thereupon all the powers and privileges of the licensee thereunder shall cease and determine and the service shall be deemed to have been discontinued by the licensee.
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