Section 12, The Tonkolili Agreement Ordinance

The Company may with the consent in writing of the Governortransfer or assign the rights or any portion of the rights granted to it under this Agreement (including the First and Second Licences) or under any mining right or mining lease or the Permanent Lease issued to it in pursuance of this Agreement to a British subject or to a company incorporated and registered in Great Britain or Sierra Leone the majority of the directors of which shall be British subjects provided (a) that the officials employed in the working of the railway or the mines shall be British subjects or British protected persons and (b) that the Governor in Council may in special circumstance, and subject to such terms and conditions as he may think fit to impose waive condition (a) in individual cases.