1964_PEARL_CULTURE_(CONTROL)_REGULATIONS — Page 2

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[Subsidiary]

G.N.A. 31.59.

G.N.A. 85:60.

G.N.A. 20.61. L.N. 60/81.

CAP. 307] Pearl Culture (Control) Regulations

[1981 Ed.

PEARL CULTURE (CONTROL) REGULATIONS

(Cap. 307, section 15)

[15 May 1959.]

Citation.

1.

These regulations may be cited as the Pearl Culture (Con- trol) Regulations.

Interpretation.

Application for licence.

Fees.

G.N.A. 2061.

Payment of royalties to be condition of licence.

Royalty.

2. In these regulations, unless the context otherwise requires--- "embedding" means the insertion of a foreign body into an oyster

for the purpose of producing a cultured pearl;

“harvest” means the removal of pearl oysters from cultivation areas

for the purpose of extracting pearls therefrom.

3. Every application for the grant of a licence under section 6 of the Ordinance shall be made in writing addressed to the Director; and the Director may upon receipt of such application request from the applicant such further information relating thereto as may appear to him necessary for the purpose of determining the suitabil- ity of the applicant for grant of a licence.

4.

The grant or renewal of every licence shall be subject to payment in advance of the following fees-

(a) in the case of a temporary licence, $1,000; and

(b) in the case of a licence, $5,000.

5. The payment of the royalties prescribed under these regu- lations shall be a condition of every licence granted under section 6 of the Ordinance.

6. (1) The licensee shall pay to the Government for each twelve-monthly period of his licence a royalty calculated on his net profit for that period derived from the cultivation of pearl oysters and the culture of pearls under his licence and from the sale of such pearl oysters and pearls.

(2) Such royalty shall be-

(a) for each of the first 3 twelve-monthly periods, 15 per cent

of such net profit; and

(b) for the fourth and each subsequent twelve-monthly period,

25 per cent of such net profit.

(3) For the purposes of this section, the period during which a licensee is operating under a temporary licence granted under subsection (1)(a) of section 6 of the Ordinance shall, where such licence is not followed by a licence under subsection (1)(b) of that section, be deemed to be a twelve-monthly period.