Section 4
SEC. 4. Upon recommendation of the exchange officer the provincial secretary-treasurer shall appoint all other employees of the trading system, the compensation therefor being first authorized by the provincial board with the approval of the department governor. Their salaries and traveling expenses shall be paid from trading system funds: Provided, That an equitable portion of the salary and traveling expenses of any regularly appointed Insular or provincial officer or employee who may be required to render service for the trading system in connection with his regular duties may, with the approval of the department governor, be reimbursed from trading system funds: And provided further, That any employee appointed as aforesaid may be bonded under the fidelity fund, whenever in the judgment of the secretary-treasurer the public interest shall so require.