193032-1932-Supplementary-Tenders-invited-for-Road-Passenger-Transport — Page 3

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(2) Every tenderer must submit with his tender an itemised list of maximum fares contemplated by his tender.

Alternative lists and alternative royalties may be submitted, but at least one list must, in point of routes and sections, be in conformity with the said Schedules B and/or D.

(3) The said lists of maximum fares shall be deemed to relate to the fares to be de- manded and taken during the first three years of the said period of Fifteen years.

On the expiration of the said three years and at any time and from time to time thereafter the fares to be demanded and taken shall be the current fares prescribed by the Governor in Council and deemed by him to be fair and reasonable having regard as well to the licensee as to the general public.

(4) Where the licensed service comprises any route or section not specified in Schedule B or Schedule D, or where any route or section shall be varied, extended or added, then the maximum fare which may be demanded and taken shall be prescribed by the Governor in Council, regard being had to the maximum fares for similar routes or sections.

(5) A licensee shall not demand or take from passengers any fare exceeding the fares stated in his licence or so prescribed as aforesaid.

(6) Nothing in this paragraph contained shall be deemed to limit the right of a licensee to issue season tickets or punch tickets covering a number of journeys.

Consideration for Licence.

13.-(1) No tender shall offer any promise or consideration for the licence other than a royalty by way of percentage on the gross receipts of the service to which the tender relates.

(2) The royalty shall be paid to the Colonial Treasurer on the seventh day of each month in respect of the preceding month, and in respect of each individual month shall be ascertained and determined by reference only to the gross receipts for the month in question.

(3) If the tender shall offer a royalty by way of percentage upon the gross annual receipts varying with the amount of such gross annual receipts then

(a) the foregoing sub-paragraph (2) shall apply, and

(b) the royalty payable in respect of each individual month shall be calculated on the assumption that the gross receipts for that month represent the average gross monthly receipts throughout the then current year of the term of the licence, but

(c) within fourteen days after the expiration of each year of the term of the licence an account shall be taken of all gross receipts during the year and of the royalty payable for the year as ascertained and determined by reference to the appropriate percentage for the gross receipts for the year as shown by such account and there shall forthwith be paid by the licensee to the Colonial Treasurer or refunded by the Colonial Treasurer to the licensee such sum as shall be shown to be due upon such account after giving credit for all monthly sums paid by way of royalty during the period covered by the account, and

(d) in the event of the determination of the licence otherwise than at the end of a complete year of its term a like account shall be taken and like adjustment made for the period since the end of the preceding year, and for the purpose of such an account the appropriate royalty shall be determined by assuming that the gross receipts for the period covered by the account would have been maintained at the same level throughout the complete year.