On Tuesday was published a Blue-book containing the Report of
the Transvaal Concessions Committee. The Report assumes that the Government will protect all duly acquired rights, but notes certain necessary limitations in regard to the concessions. The cancellation of a concession would be just if (i.) the grant of the .concession was not within the legal powers of the late Government ; or, (ii.) was in breach of a treaty with the annexing State; or, when the person seeking to maintain the concession acquired it =- lawfully or by fraud; or, (iv.) has failed to fulfil its essential conditions without lawful excuse." The Committee further thinks that the new Government is justified in cancelling or modifying a concession when " (v.) the maintenance of the the concession is injurious to the public interest."
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