Law library · Sierra Leone · The Diamond Supplementary Agreement (1955) Ratification Ordinance, 1956
Section 5, The Diamond Supplementary Agreement (1955) Ratification Ordinance, 1956
Status not yet checkedThe Diamond Supplementary Agreement (1955) Ratification Ordinance, 1956, Sierra Leone
(a) THE Government shall for a limited but reasonable period (whichshall not be less than a period of ten years from the date of this Agreement)
give the Company reasonable opportunities for prospecting for deposits of
diamond below a depth of fifteen feet in areas no longer comprised in the
Licence by virtue of the terms hereof for which purpose the Company may
apply from time to time for diamond prospecting licences under the Minerals
Ordinance 1927 and the General Mining Rules made thereunder and in force
from time to time.
(b) IF the Company shall discover deposits of diamond below the aforesaid depth in any area comprised in a diamond prospecting licence granted
to it the Government will give to the Company a reasonable opportunity to
exploit such deposits.
(c) THE foregoing provisions of this Clause shall not be deemed to
prevent the Government from granting diamond rights in respect of areas
no longer comprised in the Licence (other than areas in respect of which the
Company shall have been granted rights under the provisions of sub-clauses
(a) or (b) of this Clause) to any African belonging to Sierra Leone or any
company in which the beneficial interest or the greater part thereof is owned
by an African or Africans belonging to Sierra Leone.
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