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SETTLED LAND ACT 1890 - SECT 8 

Provision as to mining leases.

8. In a mining lease

(i)The rent may be made to vary according to the price of the minerals or
substances gotten, or any of them:

(ii)Such price may be the saleable value, or the price or value appearing in
any trade or market or other price list or return from time to time, or may be
the marketable value as ascertained in any manner prescribed by the lease
(including a reference to arbitration), or may be an average of any such
prices or values taken during a specified period.

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© 1890 Crown Copyright

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