Law library · Sierra Leone · The Diamond Agreements Shor: ti~Ie
Section 19, The Diamond Agreements Shor: ti~Ie
Status not yet checkedThe Diamond Agreements Shor: ti~Ie, Sierra Leone
(1) For the purpose of giving full effect to the terms of this Licencethe Government will forthwith introduce and use its best endeavours to
cause to be passed legislation for the purpose of ratifying and confirming
the Licence hereby granted and all the terms hereof.
(2) If such legislation shall not be duly passed and become law within
twelve months from the date hereof or within such extended time as the
Government and the Company may mutually agree this Deed shall be void
and of no effect.
(3) Inasmuch as the Company since the first day of July One thousand
nine hundred and thirty-three has been prospecting for exploiting producing
and marketing diamond within the area comprised in this Licence upon and
subject to the provisions herein contained and has duly paid to the Government all the said yearly rent of Seven Thousand Pounds payable hereunder
up to the date hereof now in the event of this Deed becoming void under
the provisions of Sub-clause (2) of this clause the Government shall so soon
as practicable after the happening of such event repay to the Company all
sums theretofore paid in respect of the said yearly rent and all other sums
(if any) whether in respect of tax on profits or otherwise paid by the Company
and Rules to
apply except
so far as not
inconsiatent
with this
Licence.
Rights may
be granted
over the area
for other
minerals.
Information
to be given to
the Company
of any discoveries of
Diamond.
Government
to introduce
legislation to
give full effect
this Licence.
to the Government in pursuance of the provisions of this Licence and the
Company shall retain for its own absolute benefit subject always to the
provisions of the Minerals Ordinance 1927 all diamond produced andfor Cap. 196.
disposed of within the area comprised in this Licence.
Governor not
be personally
liable.
Notices.
English law
to apply.
Marginal
notes.
(4) The failure of the Government to pass the required legislation shall
not entitle the Company to any damages compensation or other payment
from the Government except as aforesaid.
Read the whole lawDownload PDFAsk Tima what this means
Check the current official version before relying on this text. MiLAWYER shares legal information, not legal advice.