People pass on - one's hidden inside (8)

I believe the answer is:

colonise

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'people' is the definition.
(colonise can mean to people or populate a colony)

'pass on one's hidden inside' is the wordplay.
'pass' becomes 'cole' (I am not sure about this - if you are sure you should give a lot more credence to this answer).
'one's' becomes 'i's' (Roman numeral).
'hidden inside' indicates putting letters inside.
'on'+'is'='onis'
'cole' going around 'onis' is 'COLONISE'.

Can you help me to learn more?

(Other definitions for colonise that I've seen before include "Form a settlement in a foreign country" , "Populate, settle" , "Establish a state in conquered territory" .)

I've seen this clue in the Evening Standard.

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