Section 11, The Diamond Supple- Short title

NoTwiTHSTANDING the provisions of Clause 18 of the Licence (whichprovides for all diamond recovered by the Government to be delivered to the Company free of charge) the Company shall contribute towards expenses Diamond Agreement (1954) [Cap. 209 incurred by the Government for the protection of the industry and recovery of the diamond. Such contribution shall be at the rate of fifteen per centum of the proceeds received on the sale by the Company of the diamond concerned as certified by the Company's auditors. In the event of any such diamond not being sold during the accounting year in which it is delivered to the Company a provisional payment shall be made by the Company to the Government of fifteen per centum of the value placed on the diamond under the Company's sales arrangements and this payment shall be adjusted up or down when the diamond is sold.