the news which I ban Expoped.
With the decision that
ffices
locally
should not invest respecting the
hoth
Kars Karant
or bonding of Murney by
in mortgages of the
in
for shares of
that yo
acquisitim
land companies,
you will also, note,
that the Houghtong yout
modified
have demitted in clause
2 and omitted
the words
native officers exempting from the ornation of of
clause-1. subsec: a
way of
DRAFT.
HONG KONG
NO 214
Šir W.Robinson K.C.M.G.
MINUTE.
Mr. Wilson 10 Aug
Mr.
Lucas 10 xhr. Fairfield 11.
Mr. Wingfield.
Mr. Bramston.
Mr. Meade. 12
Baron de Worms.
Lord Knutsford. 12
Opy to the strait in (LF) tother Depts, to note when
hep disposed of
No. Compare with Shaits Bulles, and in davering type invite keine de
bride the printe difference of any.
Gov
15474 W. Kong
矫
*
Sir,
Ind
Downing Street
15 August 1892/
421
Toky
I have the honour to acknowledge the receipt of your despatch No.225 of the 25th of June last in which you submit for my approval a draft regu- lation prohibiting public officers From acquiring land or house property in the Colony otherwise than for pur- poses of occupation or from engaging in commercial pursuits, and I have to convey to you my approval of this Regu lation.
With regard to the question as to whether the regulation should preclude an officer of the Government from in- vesting money in mortgages, and pur- chasing shares in a local land company, L-may observe that I am decidedly of Wopinion that investments of the latter
1
M
nature should not be allowed; but in
espect to the former there is some room for doubt, and I leave the matter to your discretion, as the decision to be
arrived at is one partly depending on local consideration. A mortgage is Jan ordinary form of bona fide investment, but cases might easily arise in which the private interests of a mortgagee
Beste Werte when dishund f.95