Section 3, The Diamond Supplementary Agreement (1955) Ratification Ordinance, 1956

(a) THE rights set forth in Clause 1 hereof shall remain in force fora period of fifteen years from the date of this Agreement (hereinafter called " the initial period "). (b) IF the Company shall in respect of all or any part or parts of the areas mentioned in Clause 1 hereof be desirous of retaining the said rights after the expiration of the initial period and shall so notify the Government by notice in writing given not less than twelve calendar months prior to the expiration of such period the said rights shall continue for a further consecutive period of ten years in respect of the said areas or such part or parts thereof as are mentioned in the notice (hereinafter called " the first extension "). (c) IF the Company shall in respect of all or any part or parts of the areas comprised in any notice given under the last preceding sub-clause be desirous of retaining the said rights after the expiration of the first extension and shall so notify the Government by notice in writing given not less than twelve calendar months prior to the expiration of the first extension the said rights shall continue for a further consecutive period of five years in respect of the said areas or such part or parts thereof as are mentioned in the notice (hereinafter'called" the second extension "). (d) (i) If the Company shall in respect of all or any part or parts of the areas comprised in any notice given under the last preceding sub-clause desire any diamond rights after the expiration of the second extension the Government will if so requested by notice in writing given by the Company not less than twelve calendar months nor more than twenty-four calendar months prior to the expiration of the second extension grant to the Company diamond rights in respect of such area for a further consecutive period of ten years (hereinafter called " the third extension ") on terms to be negotiated after such notice shall have been given. (ii) If no agreement shall be reached as to the terms of the third extension the Government shall not within the period of ten years immediately following the expiration of the second extension grant any diamond rights in respect of any of the areas referred to in paragraph (i) of this sub-clause to any person or company on terms more favourable t,o such person or company than those on which the Government shall have been willing to grant the third extension to the Company.