4
viz:- that inasmuch as the
"English law of mortgage
Kongkong, when
obtains in
A
mortgage is effected the dominium passes to the mortgagee, the mortgagor being left only the equity of redemption. A strict interpretation of the regulation
quilation therefore would preclude a civil servant
from lending money mortgage of immovable
on
property and by parity of
reasoning
416
reasoning he would be debarred from purchasing shares in a local land
Company. I hardly think that it is necessary
to
prevent Civil servants from! investing in mortgages, but to the purchase of shares - in local land companies
there is in
my opinion at least as much objection as there is to their acquisition. land or house property. The purchaser of such shares
of l
would