CO129-255 - Governor Sir Robinson - 1892 [5-7] — Page 417

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