COPY
Your Excellency,
C.O.
22018
3
22 JUN 23
254
The existing rules are 76 and 77 of the Colonial Office Regulations, with the addition in this Colony
that a Public Servant may not hold land, except what is covered
by his residence and garden, or shares in a Land Company. There
is no rule at present against the Director of Public Works or
Colonial Secretary or any other officer holding shares in say the
.new Tramway Company though such holdings might obviously in-
fluence then.
The new rule is evidently intended to be
much wider than the old ones.
On re-reading it I think it absolutely
prohibits any local investment whetever (as I believe is the case
in the Indian Civil Service).
To read the rule 76-A as Your Excellency
does,
and as I did myself at first,there should be no comma after "investment" or one should be added after "undertaking". Rule
76-B seems to me to refer to "occupations" or "undertakings"
mentioned in 76-A.
The matter is important
very important to
me who have all my capital locally invested and if there is
doubt I think the matter should be referred to the Secretary of
State for explicit instructions.
Local investment also wants definition. I
presume the stock of an enterprise carried on outside the Colony, but which is quoted on the local Stock Exchange should not be
held to be a local investment.
14th. May, 1908.
(Sa.) E. H. May.