CO885-(16-18) — Page 181

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§ IV. Applications for Charters.

334. Applications for Charters of Incorpora- tion of Joint Stock Companies engaged exclusively or chiefly in Colonial undertakings, whether made in this Country or in the Colonies, cannot be granted until the heads of the project shall have been submitted for the consideration of the Governor and his Executive Council.

335. The Governor will furnish the Secretary

of State with a Report stating whether the undertaking is one which in his opinion it would be desirable to encourage, with a view to Colonial interests, especially as regards the Colony under his Government.

336. The Governor's Report will be taken into

consideration by the Secretary of State and by the Board of Trade, or, in cases in which the application relates exclusively to Banking Com- panies, by the Board of Treasury.

337. His Majesty's Government reserves to itself the power of deciding whether privileges, to be exercised under Charters granted for this Country, should be extended to Companies, approved by the Colonial Governinent, for Colonial undertakings.

338. The Imperial Act 18 & 19 Vict. c. 133 provides for the limitation of liability of Members of certain Joint Stock Companies.

See also Circular of 16th March, 1874, as to establishment of Agencies, and Circular of 18th August, 1875, by which it is directed that Laws

relating to Banking undertakings and the Circulation of Notes should contain a suspending clause.

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CHAPTER XI.*

§ I. Expenditure of Public Money in Colonies not possessing Representative Assemblies.

339. All disbursements of the public money are to be made by the Colonial Treasurer, under authority from the Officer administering the Government; and any Officer improperly authorising or directing any expenditure contrary to the instructions which he may receive from His Majesty's Government will himself be held personally responsible for the amount improperly authorised.

340. Salaries, Fixed Allowances, and Con- tingencies are to be classed under the head "Establishments"; and all other ordinary expenditure, and all extraordinary and special disbursements are to be classed under separate heads of Service in the Form prescribed in the Treasury Instructions issued to Governors.

340a. All salaries and other authorised Charges up to the end of each financial year should, as far as possible, be defrayed within the year. When the last day of a year happens to be a "dies now," the payment of Salaries, etc., up to the close of the year could be made on the previous day.

341. The Governor is not authorised to make any addition to the Fixed Establishment of the Colony, or to make any different appropriation

of the established salaries of any Public Depart- ment, either as regards the number of appoint- ments or the rates of salary and emolument, without the previous sanction of His Majesty's Government.

3-42. Should, however, any special circum- stances occur which in the opinion of the Governor

in Council may render addition or alteration necessary for the due carrying on of the public service, without waiting for such sanction he will cause such new or altered salary to be borne on a Schedule of Provisional or Supplementary Establishment, reporting the same to the Secretary of State.

Chapter XI. is to a large extent superseded by the Instructions for the Guidance of Financial and Accounting Officers in the Colonial Service, sent out in Circular of 9th June, 100.—(ED. C. O). LIST. }

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