1954-HKRS30-8-44_Part02 — Page 24

Require ment of Mineral

Renoval

Permit.

First Schedule. Form VI.

Require. ment re- lating to removal of minerala by authorized buyers.

First

Schedule,

Form VII.

(c) an address where notices may be served.

(2) The Superintendent of Mines may reject any application.

24. All minerals removed from any mining area shall be accompanied by a Mineral Removal Permit in the form prescribed in the First Schedule,

25. All minerals removed from an Authorized Buyer's godown or other place of storage shall be accompanied by an Authorized Buyer's Removal Permit in the form prescribed in the First Schedule.

7

(2) Renis in force at the time of coming into operation of Governor in these regulations shall continue to apply to leases granted prior reduce or Council to to that date but rent for any period of renewal shall be the rent remit renta. prescribed at the time of renewal,

Application of rents payable

(3) () Rents shall be payable in advance to the Treasury, prior to

and shall be in addition to any royalties.

enactment of regula-

Second

(b) Rents which have become payable and are not paid with- tions.

in thirty days of the date of demand shall be increased Schedule. by the addition of a surcharge equal to five per cent of the unpaid rents and the surcharge and unpaid rents shall become payable forthwith.

29. The premiums and fees set out in the Third Schedule Duty to pay shall be paid in respect of the matters mentioned herein but the premiums Governor in Council may, in his discretion, reduce or remit the Third amount of any premium or fee so payable,

and fees.

Schedule.

Depoalt of Lailings,

Prohibition

of dumps

without

approval.

Duty to pay rents, and in advance. Power of

PART VI.

Tailings and Dumps.

26. The holder of a mining licence or a mining lease, if the area covered by his licence or lease gives access to a natural watercourse, may, within such area, deposit in the watercourse tailings not in excess of eight hundred grains per gallon:

Provided that the Superintendent of Mines may by order in writing prohibit the deposit of railings in any watercourse, or any part thereof, or may limit the extent of the deposit in such manner as he may think fit, and in such event may prescribe the method of deposit.

27. No dumps for overburden, low grade ore or debris may be started without the approval in writing of the Superintendent of Mines.

PART VIL

Renis, Premiums and Fees.

28. (1) The rents set out in the Second Schedule shall be paid by the persons named therein but the Governor in Council may, in his discretion, reduce or remit either temporarily or for the remainder of the term the amount of any rents so payable.

PART VIIL.

Royalties.

30. A royalty of five per cent of the value of all minerals Royalty. won by a licensee or lessee shall be paid by such licenste or lessee.

Mellood of computa-

31. The royalty shall be computed in manner following- (4) in the case of mineral ores sold locally, on the prevailing tion of market price in the Colony on the day of the sale; royalty.

(b) in the case of minerals mined in the Colony and exported, on the contract price of the shipment pending final sculement of accounts on final assay at point of destina tion

(c) in any case not provided for, on the gross sum realized on sales accounts, which shall be rendered to the Super- intendent of Mines within six months of the date of the export permit having been granted.

32. (1) The Superintendent of Mines may at any time Security require the holder of a mining licence or mining lease to give for

royalties. security for due payment of any royalties payable under these Export regulations, in such sum as he may direct either by depositing permit,