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 Government Notice No. 169: The...
 Government Notice No. 170: The...














Group Title: Official gazette, Bahamas
Title: Official gazette
ALL VOLUMES CITATION THUMBNAILS PAGE IMAGE ZOOMABLE
Full Citation
STANDARD VIEW MARC VIEW
Permanent Link: http://ufdc.ufl.edu/UF00076860/00098
 Material Information
Title: Official gazette
Physical Description: Serial
Creator: Bahamas.
Publisher: Published by Authority
Publication Date: November 4, 1954
 Record Information
Bibliographic ID: UF00076860
Volume ID: VID00098
Source Institution: University of Florida
Holding Location: University of Florida
Rights Management: All rights reserved by the source institution and holding location.
Resource Identifier: ahk7292 - LTUF
19872904 - OCLC
001583356 - AlephBibNum

Table of Contents
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        Page 303
        Page 304
        Page 305
        Page 306
    Government Notice No. 169: The Petroleum Regulations 1945 Amendment Regulations 1954
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    Government Notice No. 170: The Customs Duties (Bananas) Order 1954 - M.P. 10354
        Paage A-57
Full Text


















OFFICIAL GAZETTE


BAHAMAS

PUBLISHED BY AUTHORITY
NASSAU NOVEMBER 4th, 1954 4.

GOVERNMENT NOTICES

COLONIAL SECRETARY'S OFFICE

The following Government Notices are published as a Supplement
to this Gazette:-
NO. 169. The Petroleum Regulations 1945 Amendment Regulations
1954. M.P. 12731/2.
NO. 170. The Customs Duties (Bananas) Order 1954. M.P. 10354

NO. 171.
1st November, 1954.
BAHAMAS GOVERNMENT
4% DEBENTURE STOCK 1955/1970

Under the authority of the Electricity Loan Act 1953 as amended
by The Electricity Loan Amenament Act 1954 and The
Telephone Loan Act 1954 299,000.

of which 20,000 has been placed in the terms of the Prospectus.

The opportunity is taken to offer to convert into Debentures
under the above Acts Debentures issued under The Hotel Loan
Act 1924 that are due for redemption in 1955 and 1956. The
total amount of such Debentures is 135,600. The amount offered
for subscription is the difference between 299,000 and the tota'
amount converted plus the sum of 20,000 already placed.
PRICE OF ISSUE 100 PER CENT

Payable as follows:-
On Application 10 per cent
On 1st December, 1954 90 per cent
100

Conversions will be made at par.
The amount of 299,000 will be issued in Debentures of
Z25, 50, 100, 500 and 1,000.
OBJECTS
The loan is being raised for defraying expenses in connection
with the expansion of the electrical supply system, and increasing
the telecommunication facilities, in New Providence.
INTEREST
Interest on the loan at the rate of 4% will be payable half





-'16










292 OFFICIAL GAZETTE '


yearly on the 1st day of January and the 1st day of July'Jn
each year, (the first interest payment being made on 1st y,
1955), at the stock holder's option either at the Public TreaSury,
Nassau, New Providence, or, provided not less than"'28 diys
notice in writing is given to the Treasurer, Nassau, New P;ovi-
dence, at the office of the Crown Agents- fgq Oversea" Govern-
ments and Administrations, 4, Millbank, London, S.W..1.- Neither
the principal nor the interest will be subject'to any duties
levies or any future income tax or similar tax or any capital
gains or similar tax on any capital profits made on the Deben-
tures
REGISTER OF DEBENTURES
Every Debenture shall before being issued be registered in
a Register Book to be kept for that purpose at the Treasury,
The name and address of the holder of each Debenture and
all transfers and cancellation of Debentures shall be noted
'n the Register Book.
SECURITY
The principal moneys and interest and sinking fund are
'barged upon and made payable out of the General Revenue and
;.sets of the Government of the Bahamas.
SINKING FUND
Such sums as may be necessary to provide for the redemption
if the loan on the date specified herein shall be appropriated
annually out of the general revenue and assets of the Colony.
PERIOD
Debentures will be repayable at par on the 1st day of January,
1970, at the stockholder's option either at the Public Treasury
Nassau, New Providence, or, provided not less than 28 days
notice in writing is given to the Treasurer, Nassau, New Pro-
vidence, at the office of the Crown Agents for Oversea Govern-,
ments and Administrations, 4, Millbank, S.W.1.
TRANSFER OF DEBENTURES
Debentures will be transferable at the Public Treasury,
Nassau, New Providence, on payment of a fee of 2/- per 100 of
Debenture Stock or portion thereof. Transfer of Debentures
may only be made by instrument in writing in the form of the
Schedule hereto.
APPLICATIONS
Applications which must be accompanied by a deposit of
t10 per cent of the nominal amount for which application is
nade, will be received at the Public Treasury, Nassau, New Pro-
vidence, up to noon on the 1st of December, 1954, and should
oe enclosed in an envelope addressed "The Treasury, Nassay,
w-ew Providence" and marked "Application for Debenture Stock''
APPLICATIONS FOR CONVERSION
Applications for conversion must be made in the form at-
:ached and will be received at the Public Treasury, Nassau, up
to noon of the 1st of December, 1954. Debentures for conver
sion must be forwarded with applications.
OVERSUBSCRIPTION
If the loan is oversubscribed, all amounts for conversion and
individual applications for amounts not exceeding 1,000 will
be allotted in full, but applications for larger amounts will be
prorated.
PAYMENT
Payment of the deposit of 10 per cent on the nominal
amount applied for and of the amount due on allotment must
be lodged by the applicant with the Treasurer, Nassau, New
Providence, in cash or by cheque on a local Bank made payable
to the Public Treasury.
Default in payment by its due date of the instalment due
ist of December, 1954, will render the deposit previousAl paid
liable to forfeiture and the allotment to cancellation.
Payment may be made in full after allotment, but no dis-


, '-(,










OFFICIAL GAZETTE


count will be allowed.
A commission of five shillings per cent will be allowed to
Bankers on allotments made in respect of applications bearing
their stamp
Copies of the Electricity Loan Act 1953, The Electricity Loan
Amendment Act 1954 and The Telephone Loan Act 1954 may
be inspected at the Public Treasury, Nassau, New Providence,
between the hours of 10 a.m. and 3 p.m. Monday to Friday
until the 1st of December, 1954.
Dated the 1st day of November, 1954.

M.P. 13833.

Form of Application for conversion of Debenture Stock
issued under The Hotel Loan Act 1924.

The Treasury,
Nassau, N.P.

Sir:
I/We hereby apply for the conversion of say
........................................ pounds of Debenture
Stock under The Hotel Loan Act 1924 into 4% Debenture Stock
1955/1970 issued under The Electricity Loan Act 1953, The Elec-
tricity Loan Amendment Act 1954 and The Telephone Loan Act
1954 in accordance with the conditions contained in the Pro-
spectus dated 1st November, 1951.
I/We agree to accept conversion at the rate of 100 of the
4% Debenture Stock to be issued under the above mentioned
Acts in exchange for 100 of Hotel Debenture Stock offered for
conversion.
The Hotel Debenture Stock offered for conversion is attached
Please Ordinary Signature .......................
write
distinctly Full Name ... .........................
(IN BLOCK LETTERS) (State Title, if any, or whether
Mr., Mrs. or Miss).
Address to which any allotment should be
sent ... .............................

Date ....................




APPLICATION FORM
BAHAMAS GOVERNMENT
4% DEBENTURE STOCK 1955/1970

Issued under The Electricity Loan Act 1953 as amended by
The Electricity Loan Amendment Act 1954 and The Telephone
Loan Act 1954.

The Treasury,
Nassau, N.P.
Sir:
I/We hereby apply for say................
....................................... ....pounds of Bahamas
Government 4% per cent Debenture Stock 1955/1970 according
to the conditions contained in the Prospectus dated 1st November.
1954.
I/We undertake to pay 100 for every 100 Stock and to
accept the same or any less amount that may be allotted to
me/us and to pay for the same in conformity with the terms
of the said Prospectus.
I/We enclose the required deposit of being 10
per cent on the nominal amount applied for.










294 OFFICIAL GAZETTE


Please Ordinary Signature ..................
write
distinctly. Full Name ........................... .
(IN BLOCK LETTERS) (State Title, if any, or whether
Mr., Mrs. or Miss). .-,
Address to which any allotment should be
sent ............................... ..... ;.
ate .................................................

SCHEDULE
TRANSFER

BAHAMAS GOVERNMENT 4% Registered Debenture Stock
1955/1970
I for good and valuable
consideration received by me from
do hereby transfer to the said
the stock to the nominal value of say
pounds, number
to inclusive, standing in my name in the Register
kep2 by the Treasurer, Nassau, New Providence, Bahamas, to
hold unto the said his
executors, administrators, and assigns subject to the several con-
ditions, on which I held the same at the time of the execution
hereof; and I, the said
do hereby consent that my name remain on the register of the
,aid stock until such time as the said Treasurer may enter the
Transferee's name thereon; and I, the said
i do hereby agree to take the
said Stock subject to the same conditions.
As witness our hands,
Signed by the said
on the day of 19
in the presence of

WITNESS. TRANSFEROR.
signed by the said
on the day of 19
In the presence of

WITNESS. TRANSFEROR.
Transfer approved
This day of 19

Controller of Exchange..

NO. 172.
His Excellency the Governor has approved of the appointment
of Major E. D. Sears, C.P.M., Deputy Commissioner of Police, to be
Commissioner of Police with effect from the 14th August, 1954.
M.P. P. 442.

NO. 173.
NOTICE is hereby given that sealed Tenders marked "TENDERS
FOR PUBLIC PRINTING", addressed to the COLONIAL SECRETARY.
will be received until Noon Saturday the 27th November, 1954, for
ihe following:-
1. LETTERHEADS
2. BOOK AND PAMPHLET WORK
3. BLANK FORMS.
2. Forms of Tender and information as to the conditions of
the contract may be obtained at this Office.
3. Persons tendering are required to submit with their tenders
the names of two eligible persons who are willing to become bound
with them for the due performance of the work and who should










OFFICIAL GAZETTE


also sign and seal the tenders.
4. The right is reserved of rejecting the whole or any of the
tenders and of obtaining the printed forms, etc., from outside the
Colony if deemed desirable.
M.P. 8924.



NO. 174. The following staff movements are notified for general
information :-

RESUMPTION OF DUTY

Mr. Alan Kennedy Director of the Electrical Department
with effect from the 1st November, 1954. M.P. P. 433.
Mr. N. H. Sherrard Deputy Director of the Electrical De-
partment with effect from the 1st November, 1954. M.P. P. 617.
The foregoing notices numbered 169 to 173 are published by
command.
A. G. H. GARDNER-BROWN,
COLONIAL SECRETARY.



DEPARTMENTAL NOTICES


REGISTRAR GENERAL'S OFFICE
Nassau, Bahamas.
5th October, 1954.

THE REMOVAL OF DEFUNCT COMPANIES ACT

TAKE NOTICE that under the provisions of The Removal of
Defunct Companies Act I have struck off the undermentioned Com-
pany as and from the 5th October, 1954 on the ground that it is
no longer carrying on business or in operation.
SHELL COMPANY OF BAHAMAS LIMITED.
JAMES LIDDELL,
Registrar General.



REGISTRAR GENERAL'S OFFICE,
Nassau, Bahamas.
28th October, 1954.

THE REMOVAL OF DEFUNCT COMPANIES ACT

TAKE NOTICE that under the provisions of The Removal of
Defunct Companies Act I have struck off the undermentioned Com-
pany as and from the 28th day of October, 1954 on the ground
that it has ceased to do business and is no longer in operation.
WEST INDIA STEAMSHIPS, LIMITED.
N. C. ROBERTS,
Asst. Registrar General.










OFFICIAL GAZETTE


NOTICE OF SITTING OF THE LICENSING AUTHORITY

THE. LIQUOR LICENCES ACT 1938

NOTICE is hereby given that a sitting of the Licensing Au-
thority for the Island of New Providence will be held at the
Magistrate's Court on Thursday the llth day of November, 1954,
at 4:30 o'clock for the purpose of granting licences (and transfers
of licences) under the above Act.
The undermentioned persons have applied for a grant of
the licences specified below.

OUT ISLAND LICENCES

Name and Address Description of Description of
of the Applicant Licence Premises
1. Bertram Bethell, General A one-storey wooden
North Palmetto building s;tau~ on
Point, Eleuthera Main Road, North
Palmetto Point, in
the Island of Eleu-


. Ivelyn Woods,
Victoria Hill, San
Salvador


Wholesale & Retail


tnera.
A one-room wooden
building with tar
paper roof situate at
Victoria Hill, San
Salvador.


TRANSFERS
Name and Address Description ,of Name of Licensee
of the Applicant Licence and the Premises
1. Geoffre Allardyce Wholesale Geoffrey Allardyce
Bethell, Bethell. A one-storey
Nassau, N.P. wooden building situ-
ate on Long Lane,
Fock Sound.
Dated at the Magistrate's Court the 28th day of October, 1954.
HERBERT LAFAYETTE DIAH,
Clerk of the Licensing Authority.

NOTICE OF SITTING OF THE LICENSING AUTHORITY

THE SHOP LICENCES ACT, 1933.

NOTICE is hereby given that a silting of the Licensing Au-
hority for the Island of New Providence will be held at the
Magistrate's Court on Thursday the 11th day of November, 1954,
at 4:30 o'clock for the purpose of granting licences (and transfers
Lf licences) under the above Act.
The undermenroned persons have applied for a grant of
the licences specified below.


LICENCES
Name and Address Description of
of the Applicant Licence
439. Raymond Stuart, Cool Drinks and
Wuff Road Vegetables


440. Ortland Hoxton
Bodie
Englerston


Restaurant


Description of
Premises
A flat-roof wooden
building situate on
the north side of
Wulff Road about 300
ft. East of Market
Street.
The ground floor of
a two-storey stone
building situate on
the South side of
Wulff Road between
Market and East
Streets.










OFFICIAL GAZETTE 297


t41. George Alfred
Symonette,
St. Jame.: ioad


142. Victoria Eliza-
beth Gray,
Bird Road.

443. Myrtle Rolle,
Cambridge
Street.


444. I. W. Hepburn,
Bain Town.



445. Louise Munroe,
South Street.


446. Emily Dorsette.
Adderley's
Addition.


447. Ortlapd Hexton
Bodie,
Englerston.




448. Michael
Miaoulis,
Centreville,




449. Maria Roker,
Nassau, N.P.

450. Ira W.
Farrington,
Hawkins Hill.

451. Ira W.
Farrinaton,
Hawinks Hill.

452. Nathaniel
Roker,
Dunmore Street


453. I. W. Hepburn,
Bain Town.


Gener,.4




Cool drinks (stand)



Wholesale Grocery




Grocery & Meat




Grocery & Notions



Variety




Music and Dancing







Music and Dancing







Light lunch, soft
drinks, and
confectionery
Wook-working



Manufacture of
clothing


Meat (Butcher's)




Groceries and
Meat


A stone building situ-
ate on the Eastern
side of St. James
Road, Free Town,
Eastern District.
A one-storey stone
building situate on
Bird Road West near
St. Joseph's Church.
A one-storey stone
building situate on
the Southern side of
Cambridge Street,
Southern District.
A two-storey stone
building situate on
Grant's Town oppo-
site Rodgers Corner,
Southern District.
A one-storey stone
building situate on
South Street West,
Southern District.
A one-storey wooden
building situate on
Martin Street South
near Sgt. Taylor's
bar.
The ground floor of
a two-storey stone
building situate on
the South side of
Wulff Road between
Market and East
Streets.
One store on the
ground floor of the
Friemark and Hoffer
Building situate on
Bay Street between
Elizabeth Avenue and
East Street, City.
A building situate on
Shirley Street and
Garden Well Corner.
A stone building
(Building No. 1) sit-
uate on Hawkins Hill
top.
A stone building
(Building No. 2)
one-storey situate on
Hawkins Hill top.
A one-storey wooden
building situate on
East Street opp.
Peter Street, South-
ern District.
A one-storey build-
ing situate at Eneas
Corner and Meadows
Street.










OFFICIAL GAZETTE


Name and Address
of the Applicant


454. Lula. Lafleur,
Nassau, N.P.




455. Edgar R Bain,
Blue Hill Road




456. Clerihew Lowe,
Nassau, N.P.




457. Joseph Courtney
ThomDson,
Nassau, N.P.





458. Joseph Courtney
Thompson,
Nassau, N.P.


TRANSFERS
Description of
Licence


Restaurant





Wholesale





Bicycles & Parts,
Oil stoves.
gramaphones etc.



Music and Dancing








Restaurant


Dated at the Magistrate's Court the 28th day of October, 1954.
HERBERT LAFAYETTE DIAH,
Clerk of the Licensing Authority.

NOTICE OF SITTING OF THE LICENSING AUTHORITY

THE LIQUOR LICENCES ACT 1938
NOTICE is hereby given that a sitting of the Licensing Au-
thority for the Island of New Providence will be held at the
Magistrate's Court on Thursday the 11th day of November, 1954,
at 4:30 o'clock for the purpose of granting licences (and transfers
cf licences) under the above Act.
The undermentioned persons have applied for a grant of
the licences specified below.
LICENCES


Name and Address I
of the Applicant

1. Captain John T.
Wilson,
Englerston.


2. Antonio Wong,
Deveaux Street.


descriptionn .of
Licence


Description of
Premises


Wholesale A one-storey stone
building situate on
the Eastern side of
East Street in Eng-
lerston in the South-
ern District of the
Island of New Provi-
dence.
Restaurant A one-storey build-
ing known as "The
Oriental Cafe" at
the corner of Bay and
Deveaux Streets.


Name of Licensee
and the Premises

Lula Lafleur. A one-.
storey wooden build-
ing situate on Blue
Hill Road opposite
the Rhinehardt Ho-
tel, Edgar R. Bain.
A one-storey stone
building covered with
shingles situate on
the south side of
Wulff Road in the
Eastern District.
Clerihew Lowe. A
one storey stone
building situate on
the North side of
Bay Street near De
veaux Street.
Joseph Courtney
Thompson. A one-
storey stone building
situate just South of
Eneas Street on the
Eastern side of East
Street in the South-
ern District.
Joseph Courtney
Thompson. A one-
storey stone building
situate just South of
Eneas Street on the
Eastern side of East
Street in the South-
ern District.










OFFICIAL GAZETTE 299


3. General Agency
Ltd.
Bay Street.



4. Michael Miaoulis,
Centreville.





5. Edmund B.
Munnings,
Corner West &
Fleming Streets.
6. James Gratian
Moncur,
Base Road.


7. Geoffrey
Allardyce Bethell,
Nassau, N.P.









8. Charles Walter
Frederick
Bethell,
Nassau, N.P.
9. John Herbert
Bethell.
Pickwick Club,
Nassau.


10. Kirkwood Roy
Higgs,
Nassau, N.P.






11. Kirkwood Roy
Higgs,
Nassau, N.P.





12. Philip George
Drover Bethell,
Nassau, N.P.


Wholesale





Restaurant






Wholesale &
Retail


General




General










OUT ISLAND
Wholesale



Proprietary Club





General









Wholesale








Proprietary Club


Warehouse and of-
fices situate to rear
of H. G. Christie
Real Estate Office on
North side of Bay
Street.
One store on the
ground floor of the
Friemark and Hoffer
Building situate on
Bay Street between
Elizabeth Avenue ana
East Street.
A one-storey stone
building situate at
the corner of West
and Fleming Streets.
A one-storey stone
building situated at
the northwest corner
of Baillou Hill and
the New Base Road.
The ground floor of
a stone building
roofed with shingles
known as Bar Twenty
situate on the East-
ern side of Mackey
Street in the East-
ern District of the
Island of New Pro-
vidence.

A two-storey stone
building roofed with
iron situate at West
End, Grand Bahama.
The lower floor of
the Savov Building
(West and Northwest
parts) on the north
side of Bay Street in
the City of Nassau.
A one-storey stone
building with iron
roof known as Wulff
Road Tavern situate
on the Southwest
corner of Wulff Road
and Market Streets
in the Southern Dis-
trict.
A one-storey stone
building with iron
roof known as the
Midway Tavern sit-
uate on the South
side of Wulff Road in
the Southern Dis-
trict.
Rear of a one-storey
stone building on
the South side of
Bay Street between
Christie and De-
veaux Streets in the
city of Nassa u,
known as the Quart-
er Deck Club.










OFFICIAL GAZETTE


13. Philip George
Drover Bethell,
Nassau, N.P.







14. Philip George
Drover Bethell.
Nassau, N.P.








15. Philip George
Drover Bethell,
Nassau, N.P.







16. Philip George
Drover Bethell,
Nassau, N.P.






17. Philip George
Drover Bethell,
Nassau, N.P.



18. Geoffrey
Allardyce Bethell,
Na.sau, N.P.







19. Geoffrey
Allardyce Bethell.
Nassau, N.P.







20. Geoffrey
Allardyce Bethell,
Nassau, N.P.


Wholesale









General










Wholesale









Wholesale








Hotel





General









General









General


A one-storey stone
building known as
Meadow's Street Bar
situate at the North-
ern side of Meadows
Street in che Souch-
ern District of the
Island of New Provi-
dence.
A one-storey stone
building with iron
roof known as Old
Cotton Tree Bar sit-
uate on the west
side of Blue Hill
Road in the South-
ern District of the
Island of New Provi-
dence.
A one-storey stucco-
ed building with tar
paper roof known as
Quarter Deck Store
situate on the South
side of Bay Street
between Christie and
Deveaux Street s,
Eastern District.
A one-storey stone
building with iron
roof known as Savoy
Grill situate on the
north side of the
Savoy Theatre Build-
ing in the City of
Nassau.
A two-storey stone
building with shin-
gled roof known as
the Shalimar Hotel
situate on East Street
in Southern District.
A one-storey stone
building with Cor.
iron roof known as
Jolly Sailor situate
on East side of De-
veaux Street between
Bay and Dowdeswell
Streets, Eastern Dis-
trict.
A one-storey stone
building with Cor.
iron roof known as
Fox Hill Tavern sit-
uate on the north
side of the Main
Road opposite Fox
Hill Parade, Eastern
District.
A one-storey stone
building known as
Grant's Town Bar
situate on the East
side of Blue Hill
Road (Grant's Town)
on the corner of Mar-
tin Street, Southern
District.









OFFICIAL GAZETTE


21. Geoffrey
Allardyce Bethell,
Nassau, N.P.






22. Geoffrey
Allardyce Bethell,
Nassau. N.P.






23. Geoffrey
Allardyce Bethell,
Nassau, N.P.



24. Charles Walter
Frederick
Bethell,
Nassau, N.P.





25. Charles Walter
Frederick
Bethell,
Nassau, N.P.





26. Charles Walter
Frederick
Bethell,
Nassau, N.P




27. Charles Walter
Frederick
Bethell,
Nassau, N.P.





28. John Herbert
Bethell,
Nassau, N.P.


General









General









Wholesale





General









General









General







General








General


A one-storey stone
building with iron
roof known as Little
Brown Jug situate on
Southwest ocrner of
East and Taylor
Streets in the South-
ern District, New
Providence.
A one-storey stone
building with iron
roof known as Red
Lion Bar situate on
East side of Market
Street in the South-
ern District of the
Island of New Provi-
dence.
A one-storey s-one
building known as
Trade Winds situate
on North side of Bay
Street in the City of
Nassau.
A one-storey stone
building roofed with
iron known as Early
Bird situate North-
west portion of the
Big Four Building
East of Slaughter
House in the City of
Nassau.
Ground floor of a
stone building with
iron roof known as
Five Fathoms situate
on the West side of
Bethell's Bay Lot
and North of Bay
Street in the Eastern
District.
A one-storey stone
building with iron
roof known as Old
Plantation Inn sit-
uate on the north
side of East Shirley
Street in the Eastern
District.
A one-storey stone
building with iron
roof known as White
Horse Tavern situate
on the west side of
Market Street in the
Southern District of
the Island of New
Providence.
A one-storey stone
building with iron
roof known as Peli-
can Bar situate at
the Southwest corn-
er of Lewis and East
Streets in the South.
ren District, New
Providence.










OFFICIAL GAZETTE


29. John Herbert Wholesale The ground floor of
Bethell, a stone building with
iron roof known as
Kelly's Limited sit-
uate on North side of
Bay Street, City.
30. John Smith, General A one-storey stone
Nassau, N.P building known as
"La Bodega" situate
at the West side of
Charlotte Street in
the City of Nassau.
31. John Smith. General A one-storey stone
Nassau, N.P building with iron
roof known as Tea
House Bar situate on
the East side of West
Street in the South-
ern District of the
Island of New Provi-
dence.
Dated at the Magistrate's Court the 28th day of October, 1954
HFRBERT LAFAYETTE DIAH,
Clerk of the Licensing Authoriy.

REGISTRAR GENERAL'S OFFICE,
Nassau, Bahamas.
29th October, 1954.
The following Minister of Religion having been duly registered
shall be deemed to be appointed a Marriage Officer of the Colony
with effect from 22nd October, 1954.
Name: Reverend G. I. George-Jones. Address: c/o Trinity
Methodist Church Parsonage, Frederick Street, Nassau, N.P.
JAMES ,LIDDELL,
Registrar General.

REGISTRAR GENERAL'S OFFICE,
Nassau, Bahamas.
29th October, 1954.
It is hereby notified for general information that Reverend
Thomas H. Hield, Pastor in charge of Baptist Church, Water Cay,
Grand Eahama, has resigned his appointment as a Marriage Officer
of the Colony, under The Marriage Act.
JAMES LIDDELL,
Registrar General.

REGISTRAR GENERAL'S OFFICE,
Nassau, Bahamas.
29th October, 1954.
The following Minisier of Religion having been duly registered
shall be deemed to be appointed a Marriage Officer of the Colony
with effect from 27 h October, 1954.
Name: Reverend Craig Strang, S.F.M. Address: Roman Catho-
lic Church, c/o The Priory, Nassau, Bahamas.
JAMES LIDDELL,
Registrar General.

REGISTRAR GENERAL'S OFFICE,
Nassau. N.P.,
Bahamas.
30th October, 1954.

THE TRADE MARKS ACT.

TRADE MARK NO. 1090
CLASS 42
I hereby give notice that the registration of the Trade Mark
above referred to of Standard Brands Incorporated, 595 Madison










OFFICIAL GAZETTE 303


Avenue, City, County and State of New York, United States of
America, registered on the 31st day of October, 1940, nas been
renewed as and from the 31st day of October, 1954.
N. C. ROBERTS,
Asst. Registrar General.

NOTICE

Consumers are hereby notified that all Water and Sewerage bills
for ihe Quarter ending September 30th, 1954 nave been rendered
and these accounts must be settled on or before November 15th 1954.
Bills should be presented to the Public Treasury at the time of
payment. Persons not having received a bill should apply at the
office of the Public Works Department and requested a duplicate.
Telephone: 2846.
By Order,
G. C. STUBBS,
Director Public Works.
30th October, 1954.

REGISTRAR GENERAL'S OFFICE,
Nassau, N.P.,
Bahamas.
1st November, 1954.

THE TRADE MARKS ACT.

TRADE MARK NOS. 560, 561, .562 and 563.
CLASS 48.
I hereby give notice that the registration of the Trade Marks
above referred to of Colgate-Palmolive Limited, of 64 Colgate Avenue,
Toronto, Canada, registered on the 1st day of November, 1926, have
been renewed as and from the 1st day of Novmber, 1954.
JAMES LIDDELL,
Registrar General.

IN THE SUPREME COURT
Probate Side

NO. 154/1954.
WHEREAS Vincent Gamaliel Hepburn, of the Southern District
in the Island of New Providence, Widower, has made application to
the Chief Justice of the Supreme Court of the Bahama Islands for
letters of Administration of the real and personal estates of Dainty
Priscilla Hepburn, late of the Southern District, New Providence,
Married Woman, deceased.
NOTICE is hereby given that such application will be heard by
the said Chief Justice at the expiration of fourteen days from the
date hereof.
JAMES LIDDELL,
Registrar.
The Registry,
Supreme Court.
1st November, 1954.

IN THE SUPREME COURT
Probate Side

NO. 159/1954.
In the Estate of BEMAN G. DAWES, late of the
County of Licking, Ohio, U.S.A. Merchant, de-
ceased.
NOTICE is hereby given that after the expiration of fourteen
days from the date hereof, application will be made to the Supreme
Court of -'he Bahama Islands on its Probate Side by William Mc-
Pherson Christie, Esquire, of the City of Nassau in the Island of










304 OFFICIAL GAZETTE


New Providence. Bahamas, Barrister-at-Law, icr the Sealing ci Pr -
bate of the Will and two Codicils thereto of the late Eeman G. uaavo,
granted to Eeinan a. Dawes, Jr., and Dalton H. Mulloney, L...L -Jt. L-.
by the Probate Court ot the County of Licking in ie S.ate cl Uiuo,
u.S.A., on ilth October, 1954.
JAMES LIDDELL,
Registrar.
The Registry, Supreme Court,
ist November, 1954.

REGISTRAR GENERAL'S OFFICE,
Nassau, N.P.,
Bahamas.
4th November, j11.

THE TRADE MARKS ACT.

TRADE MARK NO. 556
CLASS 45
I hereby give notice that the registration of tie Trade Mark
ailjve referred to of Liggett & ,Myers Tobacco Company, of 630
Fif.h Avenue, New York Ciy, New York, United States of America,
Registered on the 4th day of November, 1926, has been renewed as
and from tle 4th dy of November, 1954.
JAMES LIDDELL,
Registrar General.

REGISTRAR GENERAL'S OFFICE,
Nassau, N.P.,
Bahamas.
4th November, 1954.

THE TRADE MARKS ACT.

TRADE MARK NO. 555
CLASS 42
I hereby give notice that the registration of the Trade Mark
above referred to of Nehi Corporation of Corner of 10.h S'reet and
9th Avenue, City of Columbus, State of Georgia, United States of
America, registered on the 4th day of November, 1926, has been
renewed as and from the 4th day of November, 1954.
JAMES LIDDELL,
Registrar General.

IN THE SUPREME COURT
Probate Side

NO 160/1954.
WHEREAS Bealrice Cecelia Dames, of the Settlement of Long,
Cay, Fortune Island, Widow, has made application to the Chief
Justice of the Supreme Court of the Bahama Islands for letters of
Adminis ration of the real and personal estates of Robert Alexander
Dames, late of the Island of Fortune Island, Bahamas, Merchant,
deceased.
NOTICE is hereby given that such application will be heard by
the said Chief Justice at the expiration of twenty-eight days from
1 c date hereof.
JAMES LIDDELL,
Registrar.
The Registry,
Supreme Court.
4th November, 1954.

NOTICE

Fursuan': to ihe provisions of Section 32 of The Companies Act,
notice is hereby given that the Registered Office of L. W. A. LIMITED










OFFICIAL GAZETTE 305


1i situate in-the Chambers of the undersigned in the Boyle Building,
Lank Lane, Nassau, Bahamas.
iVJcKNNEY, BANCROFT & KNOWLES,
Attornys for the above-named Company.

NOTICE

Pursuan. t .he provisions of Section 32 of The Companies Act,
notice is hereby given that the Regis.ered Office of STAR LIFE
INSURANCE COMPANY, LIMITED is situate in a building on the
Nurth side oi Bay Stree. near George Street, in the City of Nassau.
Dated the 2nd day of October, A.D., 1954.
FOSTER CLARKE,
Attorney for the above-named Company.

NOTICE

Pursuan. to lie provisions of Section 32 of The Companies Act,
notice is hereby given that the Registered Office of BAILLOU DALE
LIMITED is situate in the office of Foster Clarke in Thompson's
Pharmacy Building, Bay Street, in the City of Nassau.
Da.ed the 4uh day of October, A.D., 1954.
FOSTER CLARKE,
Attorney for the above-named Company.

NOTICE

Pursuan" to the provisions of Section 32 of The Companies Act,
notice is hereby given that the Registered Office of BAHAMAS POWER
AND LIGHT COMPANY, LIMITED has been transferred to the office
of Foster Clarke in the Thompson's Pharmacy Building, Bay Street,
in the City of Nassau.
Dated the 27th day of October, A.D., 1954.
FOSTER CLARKE,
Attorney for the above-named Company.


















SUPPLEMENT TO THE


OFFICIAL GAZETTE


BAHAMAS


PUBLISHED BY AUTHORITY
NASSAU NOVEMBER 4t0, 1954 31
NO. 169.
The subjoined Regulations made under The Petroleum Act 1945
are published for general information.
M.P. 12731/2.
REGULATIONS
MADE UNDER
THE PETROLEUM ACT 1945

In exercise of the powers vested in it by section 28 of The
Petroleum Act 1945, the Board with the approval of the Governor
in Council, hereby makes the following Regulations:
1. These Regulations may be cited as The Petroleum Regulations Title.
1945 Amendment Regulations 1954.
2. Regulation 26 of The Petroleum Regulations 1945 is hereby Revoc
revoked and the following substituted therefore: and r
ment
"26. The term of an oil mining lease shall be thirty years Regu:
and shall in no circumstances exceed that period but at the 26.
request of the lessee may be for a period of less than thirty
years, and every such lease shall contain a clause permitting
a renewal for a further period of thirty years."
3. Regulation 27 of The Petroleum Regulations 1945 is hereby Revor
and r
revoked and the following substituted therefore: ment
"27. The lessee shall pay annually in advance a certain yearly Regu
27.


cation
'eplace-
of
nation



cation
ceplace-
of
lation


nB. ld7G













rent at the following rates for each acre or
comprised in the leased area:


Revocation
and replace-
ment of the
2nd Sched-
ule.


part of an acre


Per acre
per annum.
S. D.
In respect of the first year of the term of
an oil mining lease ................... 2. 0.
In respect of the second year of the term
of an oil mining lease ................ 3. 0.
In respect of the third year of the term
of an oil mining lease ................ 4. 0.
In respect of the fourth year of the term
of an oil mining lease ................ 6. 0.
In respect of the fifth year of the term of
an oil mining lease .................. 8. 0.
In respect of the sixth year and each sub-
sequent year of the term of an oil
mining lease ......................... 10. 0.
4. The Second Schedule to The Petroleum Regulations 1945 is
hereby revoked and the following substituted therefore:
SECOND SCHEDULE
PART I. Oil Exploration Licence: as in Form annexed
Marked A.
PART II. Oil Prospecting Licence: as in Form annexed
Marked B.
PART III. Oil Mining Lease: as in Form annexed Marked
C.
Made by The Petroleum Board this 28th day of October, 1954.
C. W. F. BETHELL,
Chairman.
Approved by the Governor in Council this first day of November,


1954.
MARGARET de GREGORY,
Acting Clerk to the Executive Council

FORM A.
OIL EXPLORATION LICENCE.
BAHAMA ISLANDS.
THIS INDENTURE made the day of 19 BE-
TWEEN The Petroleum Board established under the Act acting for
and on behalf of the Government of the Colony (hereinafter referred
to as the Board) of the one part AND (hereinafter
referred to as the "Licensee") of the other part.
WHEREAS the Licensee in accordance with the conditions laid
down in the Act and in the Regulations made thereunder in force
at the date hereof for the granting of oil exploration licences has
applied to the Board for an Oil Exploration Licence in respect of the








3

lands and/or submarine areas referred to in the Schedule marked
"A" hereunder written (hereinafter referred to as the licenced area;
and has entered into a Bond in the form set out in the Schedule
marked "B" hereunder written with the Treasurer in the sum of
conditioned for the due and faithful carrying out of the
provisions contained in this Indenture.
NOW THIS INDENTURE WITNESSETH AS FOLLOWS:
1. In consideration of the sum of which Fee has before
the execution hereof been paid by the Licensee to the Treasurer on
behalf of the Board the sole right and license is hereby granted by
the Board to the Licensee for the term of two years from the date
hereof with the right of renewal as hereinafter provided subject to,
the rights of surface owners and subject to the restrictions conditions
and provisions hereinafter contained to explore and search the
surface of the licenced area for petroleum and for that purpose to
make geological geophysical and topographic examinations and to
dig and turn up the surface of any of the licenced area, drill
geological information boreholes which shall not except with the
consent of the Board exceed a depth of five hundred feet. Reserving
nevertheless to the Governor full power and liberty at all times to
enter into and upon and to grant or demise to any persons whom-
soever liberty to enter into and upon the licenced area for all and
every purpose other than that for which this Licence is granted but
subject to the rights of the Licensee under this Licence.
2. (a) Subject to the rights of surface owners the Licensee Right to
may erect, bring, set up and make in upon through or over the erect & dis-
licenced area such temporary huts, sheds, piers, derricks, machinery mantle huts,
and all other installations chattels and effects as shall be proper and etc.
necessary for effectually carrying on the operations hereby licensed
and subject as aforesaid the Licensee shall be entitled at any time
to dismantle and remove the same.
(b) The Licensee may import into the Colony and take out
of bond at any warehouse port therein without payment of customs
duties, war tax, or any other tax, all plant, machinery, tools and
equipment which are peculiar to and necessary for the purposes of
exploring for, prospecting for or mining petroleum on proof being
given to the satisfaction of the Comptroller of Customs that the
said plant, machinery, tools and equipment are to be used for the
purposes aforesaid and for no other purpose.
3. The Licensee shall not utilize the surface of the foreshore
lying between the high water mark line fixed by the Board and the
low water mark at ordinary spring tides for any purpose other than
for passage over and across and for the construction, maintenance
and use of roads, piers, docks and other facilities required for its
operation hereunder unless and until the approval of the Board
(which shall not be unreasonaby withheld) is first obtained.
4. The Licensee shall before commencing any operations in the Resident
licenced area furnish to the Board the name and address in the Manager











Colony of the Resident Manager under whose supervision such opera-
tions are to be carried on. Any notice which the Board or any
person authorized by the Board is in accordance with the terms of
this Licence required or entitled to serve upon the Licensee shall
be sufficiently served if the same shall be delivered or sent by post
to such Resident Manager at such address.
Working 5. The Licensee shall with all reasonable despatch commence
Obligations. to examine geologically and/or by geophysical methods the licenced
area and shall during the subsistence of this Licence continue with
due diligence to carry out such geological and/or geophysical work
as may be necessary to determine the structure of the licenced area.
Indemnity. 6. (1) All excavations or borings which may have been made
on any lands included in the licenced area during the subsistence of
this Licence shall, unless the Board otherwise determines be filled
up, and so far as feasible the surface of such land shall be restored
to its condition prior to such excavations or borings, and the Licensee
shall indemnify the Board against all claims and demands which
may be made by any surface owner for damage shown to result from
the exercise by Licensee of the powers hereby conferred, provided that
this sub-clause shall not apply to any of the licenced area included
in any Oil Prospecting Licence which Licensee may obtain pursuant
to the provisions of this Licence.
(2) All buildings, piers, derricks, machinery and other in-
stallations erected set up and made in upon through or over the
licenced area during the subsistence of this Licence shall unless the
Board otherwise determines be removed and the area restored so
far as feasible to its condition prior to the commencement of the
operations under this Licence, provided that this sub-clause shall
not apply to any of the licenced area included in any Oil Prospecting
Licence which Licensee may obtain pursuant to the provisions of
this licence.
(3) The Licensee shall indemnify the Board against all
claims and demands which may be made by any surface owner for
damage shown to result from the exercise of the powers hereby
conferred on the Licensee.
7. The Licensee shall furnish the Board at such time as the
Reports. Board may appoint during the term hereby granted or any renewal
thereof a quarterly report (which the licensee hereby undertakes
to have prepared) indicating the progress of the operations under
this Licence in and upon the licenced area and containing a map,
on a scale to be agreed between the Board and the Licensee, which
shall show the true topographic position of any part or parts of the
licenced area geologically or geophysically surveyed examined or
mapped. The quarterly report and map shall include full particulars
of the geological and/or geophysical work performed, the location
and depth of any boreholes drilled and of any discovery or indication
of petroleum or petroleum bearing strata and of any mineral of
commercial value other than petroleum. All such information so
supplied by the Licensee shall (except with the consent. in writing












of the Licensee, which shall not be unreasonably withheld) be
treated by the Board as confidential, but the Board shall nevertheless
be entitled at any time to make use of any information received
from the Licensee for the purpose of preparing and publishing ag-
gregated returns and general reports on the extent of oil prospecting
or oil mining operations in the Colony and for the purposes of any
arbitration or litigation between the Board and the Licensee.
8. The Licensee may remove any specimens or samples of petro- Samples of
leum found by it in or upon the licenced area in the course of its petroleum.
operations under this licence, but shall furnish the Board as soon
as possible with full information of all such specimens and samples
so removed and shall upon demand made within 60 days of the
receipt by the Board of such information provide the Board with
such representative specimens and samples as may be required, not
exceeding one half of any individual specimen or sample so removed
by the Licensee and the Board shall be entitled to retain any speci-
men or samples so delivered.

y. The Licensee shall not directly or indirectly form or en- Formation
deavour to form or procure or permit to be formed any company of compaBn
syndicate or association incorporated or not incorporated nor appeal by Licensee.
publicly by means of a prospectus or otherwise for money for the
purpose of exploiting the licenced area or any portion thereof with-
out the permission in writing of the Board to be obtained on its
being satisfied that the licenced area or portion thereof has been
thoroughly and efficiently examined geologically or by geophysical
methods.

10. The Licensee shall not assign this Licence to any person Consent to
or persons whomsoever without the previous consent ir writing of assignment.
the Board.

11. The Licensee shall not assign this Licence to any person Assignment
other than a company incorporated in the Colony. of Licence


12. If the Licensee shall cease to be a company incorporated
in the Colony it shall forthwith inform the Board and apply to the
Board for consent to an assignment of the rights granted by this
Licence in accordance with Clause 10 (Consent to assignment) here-
of and in the event of the Licensee failing to obtain such consent
within such time as the Board may in its discretion appoint, the
Board may revoke this Licence. The revocation of this Licence in
pursuance of the foregoing provisions of this Clause shall be subject
and without prejudice to any obligation imposed by or any liability
theretofore incurred under the terms and conditions hereof.


Licensee
ceasing to
be a
company
incorporated
in the
Colony.


13. If the Licensee shall be or become controlled directly or Special
indirectly by an alien or a company incorporated outside Her Clause.
Majesty's dominions or if the Licensee shall with the consent in
writing of !he Board assign the rights granted by this Licence in
respect of the licenced area or any part thereof to a company in-












corporate in the Colony controlled directly or indirectly by an alien
or by a company incorporated outside Her Majesty's dominions then
and in any such case:-
(a) two of the Directors and the Resident Manager shall
he British subjects; and
(b) if and when the Board shall su require a majority of
the persons employed by the Licensee in or about the
licenced area in connection with the exercise of the rights
granted by this Licence shall be British subjects.
ro- 14. This Licence shall be determined if the Licensee shall be
or become controlled directly or indirectly by a national of or by a
company incorporated in any country the laws and customs of which
do not permit British subjects or companies incorporated in Her
Majesty's dominions or companies incorporated in that country con-
trolled directly or indirectly by British subjects or by companies
incorporated in Her Majesty's dominions to acquire hold and operate
petroleum concessions on conditions which in the opinion of Her
Majesty's Principal Secretary of State for the Colonies are reasonably
comparable with the conditions upon which such rights are granted
to nationals of that country with the addition of condition corre-
sponding to those imposed by this Clause and the immediately pre-
ceding Clause hereof.
se of 15. In the event of the inclusion by inadvertence in the said
etc. Schedule marked "A" of any lands or submarine areas over which
led it may subsequently be proved that the Government are not entitled
ice. to the oil rights, or of lands or submarine areas in respect of which
the oil rights have already been granted to other companies, the
Licensee shall immediately release any such lands or areas when
required to do so by the Board.


16. Notwithstanding the rights conferred on the Licensee under
this Licence the Board shall have power at any time to reserve from
the licenced area any lands or submarine areas which may from
time to time be required for villages, new villages, village extensions,
water reserves, navigation, pcrts, wharves or for public fisheries or
any other public purpose, provided that during the subsistence of
this Licence, the area or areas so reserved shall not exceed in all
5% of the total square miles of land included in this Licence or
2% of the total square miles of submarine area included in this
Licence and provided further that if the Licensee shall satisfy the
Board that the reservation of such lands or areas will interfere
with any of its proposed operations the Licensee shall have the
right to indicate other lands or areas from which the said 5% and
2% of the total square miles can be selected with the least interfer-
ence to its operations. The Licensee shall not unnecessarily interfere
with the free access to all parts of the submarine area included in
this Licence by all surface craft of any description for the purpose
of public fisheries except over and in the immediate vicinity of any
part of the said area where operations of the Licensee under this
licence are in actual progress; nor by its operations under this Li-


Recipl
city.


Release
lands,
include
by int
verter


Exclusion
of lands
etc. for
public pur-
poses etc.












eence unduly obstruct or interfere with the use for navigation-by
surface craft of any description of any recognized and established
channel between islands or over the submarine area, included in
this Licence.
17. If the Licensee shall at any time refuse or neglect to Power of
observe or perlurm any oc the terms and conditions of this Licence revocation.
the Board may by notice in writing signed by the Chairman and
served upon the Licensee summarily declare that the Licence hereby
granted shall thenceforth determine and the Licence and all right-;
and liberties conferred hereby or enjoyed hereby or hereunder shall
forthwith determine without prejudice to the rights and remedies
,of the Board in respect of any prior breach or non-performance of
any or all of the terms and conditions hereof on the part of the
Licensee. Provided always ; that the aforesaid power shall not be
exerciseable unless and until written notice has been given to the
Licensee specifying the particular breach complained of and if the
Breach is capable of remedy, requiring the Licensee to remedy the
breach and, if the breach is incapable of remedy, requiring the
Licensee to make fair and reasonable compensation in money for
the breach, and the Licensee fails, within a reasonable time to
comment and thereafter proceeds diligently to remedy the breach
if it is capable of remedy, or to make fair and reasonable compensa-
tion in money, to the satisfaction of the Board, for the breach if it
be incapable of remedy.
18. Provided that the Licensee has complied with the provisions Right of
and conditions herein contained the Board shall on an application Licensee to
made in that behalf by the Licensee on three months' notice in oil prospect-
writing grant a renewal (f this Licence in respect of the whole of ing Licence.
the licenced area or such part or parts thereof as may be selected
by the Licensee for a further term of twelve months subject to the
payment by the Licensee of twice the sum mentioned in Clause. I
hereof or an apportioned part thereof based upon the proportion
which the area retained bears to the area originally licensed hereby.
19. (1) (a) On or before the expiration of this Licence or
any renewal thereof the Licensee having paid the rent and having
observed and performed 'he terms; and conditions herein contained
shall have the right to an Oil Prospecting Licence or Licences ih,
respect of all or any part or parts of the licenced area as the
Licensee may select.
(b) Each such Oil Prospecting Licence shall be of
such size and in respect of such land or lands and/or submarine
area or areas (not exceeding two hundred square miles of lands
and/or submarine areas in extent) as may be determined by the
Licensee and shall be of such a :;hape as to comply with the Regu-
lations in force at the date of this Licence;
(c) The form of each such Oil Prospecting Licence
shall be in thp fur.; hereunto annexed as Exhibit B.
(2) (a) On or before the expiration of any Oil Prospecting
Licence granted under the provisions of Sub-Clause (1) of this Clause
(or any renewal or renewals thereof) the Licensee having paid the












rents and royalties due and having observed and performed the
terms and conditions contained in such Oil Prospecting Licence
shall have the right to an Oil Mining Lease or Leases in respect of
all or any part or parts of the said lands and/or submarine areas
comprised in t.uch Oil Prospecting Licence as the Licensee may
select;
(b) Each Oil Mining Lease shall be of such size and in
respect of such land or lands and/or of such submarine area or
areas (not exceeding one hundred square miles of lands and sub-
marine areas nor less than four quaree miles of lands and/or sub-
marine areas in extent) as may be determined by the Licensee and
shall be of such a shape as to comply with the Regulations in force
at the date of this Licence;
(c) Each such Oil Mining Lease shall be in the form
hereunto annexed as Exhibit C.
Force 20. (1) Failure on the part of the Licensee to fulfill any of
Majeure. the terms and conditions of this Licence shall not give the Board
any claim against the Licensee or be deemed a breach of this Licence
insofar as such failure arises from force majeure and if through
force majeure the fulfilment by the Licensee of any of the terms
and conditions of this Licence be delayed the period of such delay
shall be of such a shape as to comply with the Regulations in force
(2) In this Clause the expression "force majeure" in-
cludes any act of God, war, or conditions arising out of or attributable
to war, insurrection, riot, civil commotion, strikes, lock-outs, tide,
storm, tidal wave, flood, lightning, explosion, fire, earthquake, inability
to obtain necessary material, equipment or labour, and any other
happening which the licensee could not reasonably prevent or control.
Arbitration. 21. If at any time during the continuance of this Licence or
any renewal thereof or after the determination thereof any question
or dispute shall arise regarding this Licence or any matter or thing
connected herewith or the powers duties obligations or liabilities
of the Licensee hereunder then and in all such cases the matter in
difference shall be referred to arbitration in accordance with the pro-
visions of The Arbitration Act 1889 or any Act passed in amendment
thereof or substitution therefore.
Marginal 22. The marginal notes are for convenience only and do not
notes. form part of this licence.
Interpreta- 23. For the purposes of this Licence:-
tion. (1) "Licensee" means a company to which an oil explora-
tion licence is granted and its assigns;
(2) "petroleum" includes any mineral oil or relative hydro-
carbon and natural gas existing in its natural condition in strata
and bitumen and asphalt but does not include coal or bituminous
shales or other stratified deposits from which oil can be extracted
by destructive distillation;
(3) "Her Majesty's dominions" shall be deemed to include
British Protectorates and protected States and territories in respect












'of which a Mandate on behalf of the League of Nations or Trusteeship
under the United Nations has been accepted by Her Majesty;

(4) "British- subject" shall be deemed to include a person
under Her Majesty's protection.

15) "Governor" has the meaning assigned to it by The In-
terpretation Act being Chapter 1 of the Revised Laws of the Bahama
Islands.

(6) "Act" means The Petroleum Act 1945 and any amend-
ment thereof in force at the date of this Licence.

(7) "Regulations" means the Regulations made under the
Act in force at the date of this Licence.

IN WITNESS WHEREOF the Board and the Licensee have caused
their Common Seals to be hereunto affixed the day and year first
herein above written.




SCHEDULE A.
PART I.



All those lands and/or submarine areas coloured green en the
attached plan, situated in Description
of Licensed
Area.
and having a total area of
or thereabouts.

SCHEDULE B.
BOND IN RESPECT OF OIL EXPLORATION LICENCE.
(Crown and Alienated Lands and Submarine Areas.)
KNOW ALL MEN BY THESE PRESENTS THAT WE

of
arid
of
are held and firmly bound to the Treasurer of the Colony and his
Successors in Office in the sum of


pounds of good and lawful money of the Colony to be paid to the
said Treasurer and his Successors in Office for which payment to












be well and truly made we bind ourselves and each of us our heirs
executors and admiinitrators jointly and severally by these presents.

Dated this day of 19





WHEREAS by Indenture of even date herewith and made be-
tween The Petroleum Board of the one part and the said


of the other part the sole right and licence was granted to the said

to explore and search the surfcae of those lands and/or submarine
areas described in Schedule A to said Indenture and delineated in
the plan attached to the said Indenture for petroleum and for that
purpose to make geological, geophysical and topographic examina-
tions and to dig and turn up the surface of the licenced area and
drill geological information boreholes, subject to the terms conditions
and covenants therein contained.
AND WHEREAS the said

hath agreed to become surety for the due performance by the said
of all and several the covenants matters and things under the said
Indenture to be by him performed and done.

NOW the condition of the above-written bond or obligation is
such that if the said shall well and truly observe
and perform all and every the covenants and agreements by it to
be observed and performed as hereinbefore mentioned and shall in
a proper and workmanlike manner do all and every the acts matters
and things by it to be done under the said Indenture to the satis-
faction of the Board for the time being THEN the above-written
bond or obligation shall be void or otherwise the same shall remain
In full force and effect.

FORM B.
OIL PROSPECTING LICENCE.
BAHAMA ISLANDS.
THIS INDENTURE made the...........day of.............19....
BETWEEN The Petroleum Board established under the Petroleum
Act 1945 acting for and on behalf of the Government of the Colony
(hereinafter referred to as the Board) of the one part AND........
................... ..... ....................... (hereinafter referred
to as the "Licensee") of the other part.
WHEREAS the Licensee is entitled to an Oil Prospecting Licence
pursuant to Clause 19 of the Oil Exploration Licence granted to the












Licensee by the Board on the ............. day of .................
-19....... and has applied to the Board for the said Oil Prospecting
Licence in respect of the land.i and/or submarine areas referred to
in the Schedule marked "A" hereunder written (hereinafter referred
to as "the licenced area") and has entered into a bond in the form
set out in the Schedule marked "B" hereunder written with the Trea-
surer in three times the amount of the annual rent hereinafter
reserved and conditioned for the due and faithful carrying out the
provisions contained in this deed.
AND WHEREAS the Board is satisfied that the Licensee has
:observed and performed the terms and conditions contained in the
said Oil Exploration Licence.
NOW THIS INDENTURE WITNESSETH AS FOLLOWS:-
In pursuance of the aforesaid agreements and in consideration
of the rents royalties covenants and agreements hereinafter reserved
and contained on the part of the Licensee to be paid and observed
the Board doth hereby grant unto the Licensee the sole right and
licence (subject to the provisions of the Crown Grants relating to
any Alienated lands included in the licenced area and subject to
the restrictions conditions and provisions hereinafter contained):
(1) to enter upon the licenced area and to search bore for win
and work all or any petroleum lying or being within under
or throughout the licenced area without any interruption
claim or disturbance from the Board or any person or per-
sons whomsoever save as may be provided by the said Act
or by the Regulations;
(2) to carry away and dispose of the produce thereof to and
for the use and benefit of the Licensee;
(3) for the purposes aforesaid to clear undergrowth and brush-
wood and (with the sanction of the Board previously ob-
tained in writing which shall not be unreasonably withheld)
to make upon any lands included in this Licence any roads
necessary for effectually carrying on the prospecting opera-
tions hereby licensed;
(4) subject to the approval of the Board to appropriate and use
for the purposes aforesaid the water upon ur within any
of the Licenced area and to collect and impound the same
for such purposes but so that in the exercise of this privilege
the Licensee shall not deprive any lands villages houses or
watering places for cattle of a reasonable supply of water
as heretofore accustomed;
(5) to erect set up and make bring in upon through or over
the licenced area all such temporary huts sheds and struc-
tures piers piles derricks engines machinery and conveni-
ences chattels and effects as in the opinion of the Licensee
shall be proper and necessary for effectually carrying on
the prospecting operations hereby licensed and subject to
the approval of the Board to enclose with a fence any lands












occupied by the aforcbaid construction provided that such
fence does not interfere with existing or projected rights
of way or roads.
Exemption (6) The licensee may import into the Colony and take out of
from duty. bond a' any warehouse port therein without payment of
customs duties, war tax, or any other tax, all plant, ma-
chinery, tools and equipment which are peculiar to and
necessary for the purposes of exploring for, prospecting for
or mining petroleum on proof being given to the satisfaction
of the Comptroller of Customs that the said plant, ma-
chinery, tools and equipment are to be used for the purposes
aforesaid and for no other purpose.
(7) to do all such other acts and things and to carry out all
such other works and conveniences as may in the opinion
of the Licensee be necessary or convenient to effectually
carry out the operations hereby licenced.
Provided that the Licensee shall not utilize the surface of the
foreshore lying between the high water mark line fixed by the Board
and the low water mark at ordinary spring tides for any purpose
other than for passage over and across and for the construction
maintenance and use of roads, piers, docks, pipelines and other
facilities required for its operations, unless and until the approval
of the Board (which shall not be unreasonably withheld) is first
obtained.
Reserving nevertheless to the Governor or any other person
authorized by him in that behalf full liberty and power at all times
(a) to enter into and upon the licenced area for all or every purpose
other than those for which this Licence is issued but subject to the
rights hereby conferred and particularly (and without hereby in
any way qualifying such general power and liberty) to make on over
or through the licenced area such roads tramways railways telegraph
and telephone lines and pipe lines as the case may be as shall be
considered necessary or expedient for any purpose and to obtain
from and out of the licenced area such stone earth timber or other
material as may be necessary or requisite for making repairing or
maintaining such roads tramways railways telegraph and telephone
lines and pipe lines or for any other purposes and to pass and repass
at all times over and along the licenced area and such roads tram-
ways railways and pipe lines for all purposes as occasion shall
require and (b) to search for, dig, work and get any minerals or
substances other than petroleum upon or under the licenced area.
Provided always that the said reserved liberties and powers shall
be exercised and enjoyed in such a manner as not to hinder or
interfere with the rights and privileges of the Licensee under these
presents, and provided also that fair and proper compensation shall
be paid by the Governor or the Board as the case may be for all
expense loss damage or injury which the Licensee may sustain or
be put to by reason or in consequence of the exercise of the said












reserved liberties and powers, the amount of such compensation to
be-settled in case of difference by reference to arbitration as provided
in Clause 44 (Arbitration) hereof.

Notwithstanding the liberties and powers hereby conferred and'
the rights and obligations arising hereunder the Licensee shall not
exercise any of the said liberties and powers over any particular
parcel of land included in the licenced area the title to which is
vested .in private ownership unless and until permission in writing
so to do shall first have been obtained by the Licensee from the
Board which shall grant such permission upon proof to its satisfaction
by the Licensee that (a) the Licensee has entered into an agreement
with the owner or owners of such parcel of land for payment uf
compensation to such owner or owners for and in respect of any
damage which may be caused or done to the surface of such parcel
or to any cultivation or building thereon by reason of the exercise
by the Licensee of all or any of the liberties powers and privileges
hereby granted or (b) the Licensee has made reasonable efforts to
arrive at such an agreement but has failed to do so through no
fault attributable to it or (c) the Licensee is unable to enter into
such an agreement by reason of the fact:-

(a) that the persons with power to grant the right are num-
erous or have conflicting interests or cannot be ascertained
or are residing out of the Colony or cannot be found or
unreasonably refuse to grant it or demand terms which,
having regard to the circumstances, are unreasonable; or

(b) that the persons from whom the right must be obtained
or any of them have not the necessary powers of disposition,
whether by reason of defect in title, legal disability or
otherwise.


TO HOLD AND ENJOY the said rights licence and other the Term.
premises hereby granted unto the Licensee for the term of four
years from the date hereof, with right of renewal as hereinafter
provided, rendering and paying free and clear from all rates taxes
charges and deductions the several rents and royalties hereinafter
specified.
1.- (1) The Licensee shall pay to the Treasurer on behalf of Certain
the Board during the term hereby granted or any renewa* thereof yearly rent.
a certain yearly rent as hereunder specified:-
(a) in respect of each year of the said term the certain
rent of 5/-; and

(b) in respect of each year of the renewal of the said
term the certain rent of 10/-;
for each square mile comprised in the licenced area to the intent
nevertheless that the certain yearly rent payable for each year of











the said term shall not be less than 10 and that the certain yearly
rent payable for the renewal of the said term shall not be less than
20.
(2) Payment of the certain yearly rent reserved by this Licence
shall be made annually in advance and hle first payment of the
sum of...............in respect of the first year of the term hereby
granted (Wic recpt wnereof is hereby acknowledged) has been made
on or before the execution of this Licence.
2.- (1) Upon the determination by the Licensee of the term
Refund of
certain hereby granted or any renewal thereof or upon the surrender by it
yearly rent of Ihe rights granted by this Licence in respect of any part or parts of
on determi- the Licenced area or upon the grant of an oil mining Lease in respect
nation or of any paru or parts of the licenced area the Board will refund
surrender.
surren to the Licensee an apportioned part of any certain yearly rent paid
by the Licensee in advance in respect of the licenced area, or any
such part or parts thereof for a period the whole of which has not
Release. expired at the date of such determination or surrender or grant.
(2) Upon the release by the Licensee of any of the licenced
area under the provisions of Clause 11 (Release of areas included by
inadvertence in the licensed area) hereof the Board will refund to
the Licensee all of the yearly rent paid by the Licensee during the
term hereby granted in respect of the part or parts of the licenced
area so released provided that in respect of any yeai the amount
remaining of the certain yearly rent after the said refund shall not
be less than the amount of royalties payable in respect of any such
year under the provisions of Clause 3 (Royalty) hereof.
Royalty. 3. The Licensee shall pay to the Treasurer on behalf of the
Board within 60 days after the end of each calendar quarter year
period of the term hereby granted or any renewal thereof the
royalties hereunder specified:-
(a) on crude oil won and saved twelve and one-half per
centum of the selling value thereof;
(b) on casinghead petroleum spirit won and saved 121/2 per
centum of 60 per centum of the selling value thereof when
the yield does not exceed two Imperial gallons per 1000
cubic feet of gas treated and 121/2 per centum of 100 per
centum of the selling value thereof when the yield exceeds
two Imperial gallons per one thousand cubic feet of gas
treated;
(c) on natural gas twelve and one-half per centum of the
selling value of actual sales thereof: Provided that in re-
spect of any natural gas sold to other persons holding oil
prospecting licences or oil mining leases in the Colony for
re-pressuring the natural oil reservoirs the rate of royalty
shall be reduced to one-half of the rate specified in this
sub-clause;
The selling value of crude oil as aforesaid shall be the
selling value thereof at the well head. The selling value of












casing head petroleum spirit a, aforesaid shall be the selling-
value thereof at the place of its extraction. The selling value
of actual sales of natural gas as aforesaid shall be the
actual sales price received by the Licensee from the sale of
the natural gas.
In ascertaining the amount of royalties payable under this
Clause the Licensee shall be entitled to deduct from the quantity
of crude oil and casinghead petroleum spirit won and saved, the
quantity, ascertained according to a method approved by the Board.
of any oil or products thereof or of casinghead petroleum spirit used
during such period by the Licensee for the purpose of carrying on
drilling and production operations and pumping and transporting to
field storage, and refineries.
Provided that from the amount of royalties payable under the
foregoing provisions of this Clause in respect of any calendar quarter
year period or periods there shall be deducted the amount of the
certain yearly rent actually paid in respect of the same calendar
year under the provisions of Clause 1 (Certain Yearly Rent) hereof.
Provided further that the selling value of any crude oil, natural
gas or casinghead petroleum spirit shall be such value as may he
determined by mutual agreement between the Board and the licensee
or failing agreement by arbitration in accordance with the provisions
of Clause 44 (Arbitration) hereof.
4.- (1) The Licensee shall measure or weigh by a method or Veasure-
methods customarily used in good oilfield practices and from time to ment of
time approved by the Board- Petroleum
obtained
(a) all crude oil and casinghead petroleum spirit won, from the
saved and removed from the licenced area: and licenced
area.
(b) all natural gas sold from the licenced area;
during the term hereby granted or any renewal thereof.
(2) The Licensee shall give to the Board one day's notice
in writing counting from the date of posting the same of its intention
to measure and weigh in accordance with the foregoing provisions
of this Clause in order that the Board may appoint some person or
persons on its behalf to be present at such measuring or weighing
and attend to the proper conduct thereof and no petroleum shall
on any account be taken away from the licenced area until the same
shall have been so measured or weighed as the case may be. Provided
that the Licensee shall be free to remove and take away any
petroleum notice of the measurement and weighing of which has
been duly given by it in writing to the Board if within one day
of the receipt of such notice no steps are taken by the Board to
verify the same.
(3) If any measuring or weighing appliance shall at any
time be found to be false or unjust the same shall, if the Board so
determines after considering any representations in writing made by
the Licensee, be deemed to have existed in that condition during the
period of three months prior to the discovery thereof or the period












elapsed since the last occasion .upon which the same was examined
or tested, whichever shall be the less, and accordingly the royalties
payable in respect uf such period shall be adjusted.
(4) The Licenee shall not make any alteration in the
method or methods ol measurement or weighing used by it or any
appliance used for that purpose wnhout first informing the Board
and the Board may in any case require that no alteration shall be
made save in the presence of an officer authorized by the Board.
Keeping 5. The Licensee shall keep full and correct accounts in a form
of Accounts from time to time approved by the Board of:-
(a) all crude oil and casinghead petroleum .spirit won and
saved and removed from the licenced area; and
(b) all natural gas sold; and
(c) the quantity of crude oil or products thereof or casing--
head petroleum spirit used for drilling or production operations
or pumping to field storage, or refineries and shall at such time
during the term hereby granted or any renewal thereof as the Board
may determine deliver to the Board an abstract in a form from
time to time approved by the Board of the accounts for each such
year together with a statement in the like form of all royalties
payable in respect of each such period.
Working 6.- (1) During the subsistence of this Licence the Licensee
Obligations, shall with due diligence carry out such geological and/or geopyhsicai
surveys and examinations of the licensed area and do such testing
of the said lands and areas by means of the drill or trial borings
as in the judgment of Licensee may be necessary for the purpose of
arriving at the petroleum producing prospects of the same and shall
in this respect give due regard to the reasonable wishes of the
Board.
(2) The Licensee within four years from the commence--
ment of the term of this Licence shall commence drilling operations
with a modern oil well drilling outfit capable of reaching a depth
of at least 10,000 feet, or such lesser depth as may be agreed
upon by the Board and Licensee, upon a site selected by the Licensee
within the licenced area and shall thereafter with due diligence
continue drilling such well until oil or gas is discovered therein or
until such well shall have been drilled to a depth at which further
drilling in 1he opinion of Licensee would be unprofitable or unjusti-
fied.
(3) In the event Licensee shall drill a well as provided in
(2) of this Clause and shall abandon such well as unproductive of
oil or gas, Licensee within six months from the date of abandonment
of the such well shall commence drilling operations for a second
well with a modern oil well drilling outfit capable of reaching a
depth of at least 10,000 feet, or such lesser depth as may be agreed
upon by the Board and Licensee, upon a site selected by the Licenses
on the licenced area and shall thereafter with due diligence con-
tinue drilling such well until oil or gas is discovered therein or












on the licenced area and shall thereafter with due diligence con-
tinue drilling such well until oil or gas is discovered therein or
until said well has been drilled to a depth at which further drill-
ing in the judgment of Licensee would be unprofitable or injustified
and Licensee shall continue during the remainder of the term of
this Licence or any renewal thereof to conduct drilling operations
with one drilling outfit of the kind aforementioned at locations on
the licenced area selected by the Licensee and with an interval of
not more than six months between the abandonment of one well
and the commencement of drilling operations for the next well and
drill such wells subject to the same provisions as govern the drilling
of the first well until oil or gas is discovered on the licenced area.
(4) If prior to the expiration of four years from the date
of the commencement of the term of this licence, Licensee shall
drill and abandon as unproductive of oil or gas any well or wells
located upon the licenced area, the obligation to commence opera-
tions for the drilling of an additional well as provided in (3) of
this Clause shall be deferred until six months from the expiration
of such four year period.
(5) If at the expiration of a period of four years from the
date of the commencement of the term of this licence Licensee is
engaged in the drilling of a well on a licenced area, and such well
is subsequently abandoned as unproductive of oil or gas, the obliga-
tion, to commence drilling operations (on an additional well as
provided in (3) of this Clause shall be deferred until six months
from the date of abandonment of such well.
(6) In the event Licensee during the term of this Licence
or any renewal thereof shall hold in addition to this licence another
or other Prospecting Licences issued pursuant to the Act, then and
in such event all such Prospecting Licences so held by Licensee
shall for the purpose of construing Licenee's obligations under (2),
(3), (4) and (5) of this Clause be deemed and construed to constitute
a single Prospecting Licence and the conduct by Licensee of drilling
operations, as hereinabove in (2), (3), (4) and (5) of this clause
provided, on this Licence or on any other Prospecting Licence or
Licences held by Licensee shall constitute complete compliance by
Licensee with the drilling obligations imposed by each and every
such Prospecting Licence.
(7) LDrilling operations as referred to in this Clause shall
mean the moving of the drilling outfit to the drilling location, the
erection of such drilling outfit and the construction or erection of
necessary drilling facilities followed by the actual operation of bor-
ing in the ground, provided, however, that if any drilling location
selected by Licensee shall be in a swamp, overflowed or sub-marine
area drilling operations as referred to in this clause shall mean the
commencement of erection or construction of a pier, piles, caissons,
artificial island or other structure to serve as a platform or base for
the drilling outfit followed by the other operations hereinabove set
forth. All operations herein provided for shall be conducted with












reasonable dilige nce and in accordance with generally accepted oil
field and engineering practices.

(8) Determination of this Licence as provided in Clause 17,
19, 38 or 40 shall extinguish any and all obligations imposed on
Licensee by (2., (3) and (4) of this Clause.

(9) If in the opinion of the Board a geological structure
or stratigraphic trap favourable for the accumulation of oil and gas,
hereinafter referred to as geological structure, shall be covered in
part by this Licence and in part by an Oil Prospecting Licence or
Licences granted by the Board to other Licensee cr Licensees and
if Licensee hereunder and such other Licensee or Licensees shall
drill a well or wells on such geological structure with each such
Licensee contributing to the cost and expense thereof, such well or
wells whether or not located on lands or sub-marine areas included
in this Licence shall for the purpose of construing this Clause 6 be
deemed to be and to have been located and drilled in the lands or
sub-marine areas covered by this Licence.


Resident 7. The Licensee shall before commencing any operations in the
Manager. Jicenced area furnish to the Board the name and address in the
Colony of its Resident Manager under whose supervision such ope-
rations are to be carried on. Any notice which the Board or any
person authorized by it is in accordance with the terms of this
Licence required or entitled to serve upon the Licensee shall be
sufficiently served if the same shall be delivered or sent by post to
such Resident Manager at such address.


Licensee to
furnish
Board with
copies of
agreements
entered into
with surface
owners.
Compensa-
tion.


Indemnity
against
third party
claims.


8. The Licensee shall furnirh the Board with copies of all
conveyances leases assignments agreements and deeds with surface
owners relating to surface rights in and over the licenced area or
any estate or interest therein and to which the Licensee is a party.

9. The Licensee shall pay fair and reasonable compensation for
all damage or injury to the property and rights of other parties
which may be done by it, its agents and servants in the exercise
of the liberties and powers conferred by this Licence.

10. The Licensee shall at all times indemnify and keep harmless
the Board and every Officer of he Board against all actions costs
charges claims and demands whatsoever which may be awarded by
a court of competent jurisdiction to any third party in relation to
or in connection with this Licence or any matter or thing done or
purported to be done by Licensee in pursuance of this Licence. Pro-
vided that the provisions of this clause shall not be applicable to any
act matter or thing performed by Licensee at the request or upon











the demand of the Board or any officer of the Board which in the Release of
opinion of Licensee is inappropriate, undesirable or hazardous, areas in-
11. In the event of the inclusion by inadvertence in the said clouded by
Schedule marked A of any land& or submarine areas in respect of inadetance
which the oil rights have already been granted to other companies licensed
the Licensee shall immediately release any such lands or areas when areas.
required to do so by the Board.
12.- (1) Notwithstanding the rights conferred on the Licensee Reservation
under this licence, the Board upon giving three months' written of areas for
notice to the Licensee shall have power at any time to reserve from public pur-
operations under this Licence any lands or submarine areas which poses, etc.
may from time to time be required for villages, new villages, village
extensions, water reserves, navigation ports wharves or for public
fisheries or any public purpose whatsoever, provided that during the
subsistence of this Licence or any renewal or renewals thereof the
area so reserved shall not exceed in all one per cent of the total
square miles of lands included in this Licence or one per cent of
the total square miles of submarine area included in this Licence,
provided also the reservation of any lands or submarine areas upon
which any active operations such as well-drilling, road construction,
waterworks and/or other work relating to the winning of petroleum
have previously been commenced or are in progress shall not be
required but in lieu thereof an equal area or areas upon which active
operations aforementioned have not already been commenced or are
not at the time being in progress may be reserved provided further
that if the Licensee shall satisfy the Board that the reservation of
any such selected lands or areas will interfere with or impede its
operations or proposed operations the Licensee shall have the right
to indicate and offer proof as to the availability of other lands or
submarine areas from which the said percentages may be selected;
and provided further that the reservation of any lands or areas
shall not prevent or prejudice the right of the Licensee to search
bore for win and work all or any petroleum lying or being within
under or throughout the said lands and areas so reserved and to
carry away and dispose of the produce thereof to and for the use
and benefit of the Licensee.
(2) Where any lands or submarine areas have been re-
served from this licence pursuant to sub-clause (1) of this clause, the
licensee shall carry out all operations necessary to search bore for
win and work any petroleum lying or being within under or through-
out the said lands and submarine areas so reserved in such manner
as to cause the least disturbance necessary having regard to the
purposes for which such lands or submarine areas were reserved,
and upon completion of such operations shall remove from such
reserved lands or submarine areas all unnecessary works, and shall
maintain all works necessary to produce, take, lead, pipe, and carry
away the aforesaid petroleum and the products thereof in a clean,
tidy and workmanlike manner.
(3) Where any lands or submarine areas have been re-
served under this Clause the Licensee shall have unrestricted right












to use such lands or areas if they shall subsequently become no
longer required for the purpose for which they were reserved.

Advertise- 13.- (1) No statement snail be made either in any notice ad-
ments vertisement prospectus or other document issued by or to the knowl-
rospes tc. edge of the Licensee, or in any other manner claiming or suggesting
whether expressly or by implication that the Governor or any Gov-
ernment Department or the Board or any person or body acting on
behalf of any of them has or have formed or expressed any opinion
that the licenced area is from its geological formation or otherwise
likely to contain petroleum.
(2) The foregoing provisions of this Clause or a statement
to the effect thereof shall be included in or endorsed on any pro-
spectus, statement in lieu of prospectus, notice, circular advertisement
or other inviLation issued by or to the knowledge of the Licensee
offering to the public for subscription or purchase any shares or
debentures of a company or intended company.

Notice of 14. The Licensee shall report to the Board particulars of any
fresh issues fresh issues of capital which may from time to time be made by it,
of capital. and any alteration which may be made in the Memorandum or
Articles of Association of the Licensee.

Consent to 15. The Licensee shall not assign this License to any person or
assignment. persons whomsoever without the previous consent in writing of the
Board which may require as a condition of giving such consent the
assignee or assignees at its or their expense to execute a deed of
covenant to observe and perform the convenants and conditions on
the part of the Licensee in these presents contained.

Assignment 16. The Licensee shall not assign this Licence to any person
of Licence. other than a company incorporated in the Colony.
Licensee 17. If the Licensee shall cease to be a company incorporated in
ceasing to
be Bri ish the Colony it shall forthwith inform the Board and apply to it for
Subject, its consent to assignment of the rights granted by this licence in
accordance with Clause 15 (Consent to assignment) hereof and in
the event of the Licensee failing to obtain such consent within such
time as the Board may in its discretion appoint, the Board may re-
voke this Licence. The revocation of this Licence in pursuance of
the foregoing provisions of this Clause shall be subject and without
prejudice to any obligation imposed by or any liability theretofore
incurred under the terms and conditions hereof.

18. If the Licensee shall be or become controlled directly or
Clause. indirectly by an alien or a company incorporated outside Her Ma-
jesty's dominions or if the Licensee shall with the consent in writing
of the Board assign the rights granted by this Licence in respect of
the said lands and areas or any part thereof to a company incor-
porated in the Colony controlled directly or indirectly by an alien












or by a company incorporated outside Her Majesty's dominions then
and in any such case-

(a) two of the Directors and the Resident Manager
shall be British subjects: and
(b) if and when the Board shall so require a majority
of the persons employed by the Licensee in or about
the said lands and areas in connection with the exercise
of the rights granted by this Licence shall be British
subjects.

19. This Licence shall be determined if the Licensee shall be or Reci-
become controlled direct or indirectly by a national of or by a procity.
company incorporated in any country the laws and customs of
which do not permit British subjects or companies incorporated in
Her Majesty's dominions or companies incorporated in that country
controlled directly or indirectly by British subjects or by companies
incorporated in Her Majesty's dominions to acquire hold and operate
petroleum concessions on conditions which in the opinion of Her
Majesty's Principal Secretary of State for the Colonies are reasonably
comparable with the conditions upon which such rights are granted
to nationals of that country with the addition of conditions corre-
sponding to those imposed by this Clause and by Clause 18 (Special
Clause) hereof.

20. The Licensee shall without avoidable delay report to the Notification
of discovery
Board the discovery of petroleum or petroleum bearing strata, of petro-
leum.
21. No borehole or well shall except with the consent in writing Distance of
of the Board be drilled or made within a distance of 400 feet from boreholes
the boundaries of the licenced area. or wells
from bound-
aries of the
said lands.
22. No borehole or well shall be commenced and no borehole or Notice of
well shall be recommended after work has been discontinued threat commence-
for more than six months unless seven clear days' notice in writing ment of
shall first have been given to the Board. boreholes
and wells.
23.- (1) No borehole or well shall be abandoned and no ce- Abandon-
mented string or other permanent form of casing shall be withdrawn ment and
from any borehole or well which it is proposed to abandon without plugging of
the prior consent in writing of the Board such consent not to be
unreasonably withheld in the case of boreholes or wells which have
become unproductive and shall not be withheld or delayed for more
than 48 hours in the case of unproductive boreholes or wells.

(2) No casing shall be withdrawn from any borehole or
well which the Licensee intends to abandon unless such borehole or.
well shall be securely plugged by the Licensee to the satisfaction of
the Board so as to prevent the egress of oil or gas therefrom or the












ingress and egress of water to and from any portion of the strata
bored through or from the sea.

(3) The Board may in any case require that no borehole
or well shall be plugged or any works be executed for that purpose
save in the presence of an officer authorized by the Board and the
Board agrees to have such officer present upon 24 hours' notice from
the Licensee.
Delivering 24. Within two months after the expiration or sooner determi-
up of pro-
ductive nation of this Licence or any renewal or renewals thereof or the
boreholes date of the abandonment of the undertaking hereby licensed which-
and wells, ever shall first occur and without payment of any compensation in
etc. in
good order respect thereof the Licensee shall deliver up to the Board in good
order repair and condition and fit for further working all productive
boreholes or wells (unless ordered by the Board to plug them as
provided in the next succeeding Clause and except such boreholes
and wells as shall have been previously abandoned with the consent
of the Board) which shall have been made by the Licensee under
the liberty or power in that behalf hereinbefore contained together
with all casings fixtures and other appurtenances to such boreholes
and wells below surface level and which cannot be moved without
causing injury to the said boreholes and wells and all piers, piles
and caissons constructed and installed in connection with the drilling
and completion of such boreholes and wells and the Licensee shall
also fill up or fence all holes and excavations that it may have made
in any lands included in this Licence to such extent as the Board
may reasonably require and shall to the like extent restore so far
as feasible to their natural and original condition the surface of any
such lands and all buildings and structures thereon which the Li-
censee may have damaged in the course of prospecting and shall
have power during that period to enter on the licenced area for the
purposes aforesaid, subject to the rights of surface owners or others.
Provided that this Clause shall not apply to any of the licenced area
included in any oil mining lease which the Licensee may take up
under the provisions hereinafter contained.

Plugging 25. Within two months after the expiration or sooner determi-
of boreholes nation of this Licence or any renewal or renewals thereof or the
on determi- date of the abandonment of the said undertaking whichever shall
nation of first occur the Licensee shall if required so to do by the Board se-
licence, etc. curely plug to the satisfaction of the Board all boreholes and wells
as provided in (2) and (3) of Clause (23) (Abandonment and plug-
ging of boreholes) hereof. Provided that this Clause shall not apply
to any of the licenced area included in any oil mining lease which
the Licensee may take up under the provisions hereinafter contained.

Removal of 26. Subject to the rights if any of surface owners or others,
plant, etc. the Licensee shall have the right to and shall upon the expiration
or sooner determination of this Licence or any renewal or renewals












thereof or the abandonment of the said undertaking whichever
shall first occur with all convenient speed having regard to its obli-
gations under the provisions of Clause 25 (Plugging of boreholes on
determination of licence, etc.) remove all buildings structures engines
machinery and other property and effects erected or brought by the
Licensee upon any lands included in the licenced area and remove
in a manner satisfactory to the Pilotage Board for New Providence
all piers piles derricks engines machinery and all other installations
and other property and effects brought by the Licensee upon any
submarine areas included in the licenced area under the provisions
hereof save and except all such wells tubes casings or linings and
works or any portion thereof both above or below ground as the
Board may require to take at a price which failing agreement shall
be fixed by arbitration in the manner provided by Clause 44 (Arbi-
tration) hereof or as may be required to be delivered up to the Board
under the provisions of Clause 24 (Delivering up of productive bore-
holes and wells, etc., in good order) hereof. Provided that this
Clause shall not apply to any of the works or things aforesaid on
any part or parts of the licenced area for which the Licensee shall
under the provisions hereinafter contained take up an Oil Mining
Lease which may be required by the Licensee for its operations under
the lease.

Provided further that if the Licensee shall fail to plug any such
boreholes or wells in accordance with the provisions of Clause 25
(Plugging of boreholes, etc.) or to remove any such piers, piles,
derricks, engines, machinery and other installations and other pro-
perty and effects as aforesaid within 6 calendar months alter the
expiration of the term of this licence or upon its sooner determina-
tion in respect of the whole of the licenced area or any part or
parts thereof when so ordered it shall be lawful for the Board to
have this work carried out and all reasonable and necessary costs
and expenses incidental thereto shall be defrayed by the Licensee.

27. The Licensee shall comply with any reasonable instructions Health and
from time to time given by the Board in writing for securing the safety of
workers
health and safety of persons employed in or about the licenced area. and em-
ployees.

28.- (1) The Licensee shall maintain all apparatus and appli- Avoidance
ances and all boreholes and wells capable of producing petroleum in of harmful
methods of
commercial quantities in good repair and condition and shall execute working.
all operations in or in connection with the licenced area in a proper
and workmanlike manner in accordance with methods and practice
customarily used in good oilfield practice and without prejudice to
the generality of the foregoing provision the Licensee shall take all
steps practicable in order:-
(a) to control the flow and to prevent the escape or
waste of petroleum discovered in or obtained from the
licenced area; and












(b) lo conserve the licenced area for productive ope-
rations; and
tc) to prevent damage to adjoining petroleum bearing
strata; and
(b) to prevent the entrance of water through boreholes
and wells to petroleum bearing strata; and
(d) to prevent the entrance of water through boreholes
well spring stream river lake reservoir estuary or narbour;
and
(f) to prevent the pollution of the coastal waters by
oil mud, or other fluid or substance which might con-
taminate the sea water or shore line or which might
cause harm or destruction to marine life; and
(g) to cause as little damage as possible to the surface
of any lands included in this licence and to the trees
crops buildings structures and other property thereon.
(2) The Licensee shall comply with any reasonable instruc-
tions from time to time given by the Board in writing relating to
any of the masters set out in suo-clause (1) hereof. If the Licensee
objects to any such instruction on the ground that it is unreasonable
it may within fourteen days from the date upon wnich the same
was given refer the matter to arbitration in manner provided by
Clause 44 (Arbitration) hereof.
Provision 29. The Licensee shall use methods and practices customarily
of storage used in good oilfield practice for confining the petroleum obtained
tanks, pipes, from the licenced area in tanks gasholders pipes pipe-lines or other
or l their receptacles constructed for that purpose. No petroleum shall, save
receptacles, as a temporary measure during an emergency, be placed or kept in
an earthen reservoir.

Disposal of 30. The Licensee shall drain all waste oil, salt water and refuse
waste oil, from tanks gasholders boreholes and wells into proper receptacles
salt water constructed and maintained by it for that purpose at a safe distance
and refuse. from such tanks gasholders boreholes and wells and from any
buildings or structures whether situate within the licenced area or
not and shall dispose of such waste oil salt water and refuse in
manner from time to time approved by the Board.

Licensee 31. The Licensee shall keep accurate records in a form from
to keep time to time approved by the Board of the drilling deepening plugging
records of or abandonment of all boreholes and wells and of any alteration to
boreholes. the casing thereof. A log of all boreholes and wells shall be kept in
a form from time to time approved by the Board containing parti-
culars of the following matters:-
(a) the strata and subsoil through which the boreholes
or well was drilled; and
(b) the casing inserted in any borehole or well and
any alteration to such casing; and












(c) any petroleum workable minerals or mine workings
encountered; and
(d) such other matters as the Board may from time
to time require.
The Licensee shall deliver copies of the said records and log to
the Board as and when required provided that Licensee shall not
be required to deliver copies of the log of any exploratory borehole
or well prior to sixty (60) days from the termination of this licence.
32. The Licensee shall as far as reasonably practicable correctly Licensee
label and preserve for reference for a period of twelve months char- to keep
acteristic samples of the strata recovered from any borehole or well stratple
and samples of any petroleum discovered in the licensed area. The troleum
Board or its representative have access to such samples at all and water.
reasonable times and shall be entitled to require that representative
:specimens not exceeding one-half of any such sample be delivered
to the Board and to retain any specimen so delivered.
33.- (1) The Licensee shall furnish to the Board at such times Plans and
.as the Board may appoint during the term hereby granted or any records.
renewal thereof a record in a form from time to time approved by
the Board of the progress of its operations in the licenced area
Such record shall contain:-
(a) a statement of the depth drilled in each borehole
or well; and
(b) a statement of any petroleum water workable
minerals or mine workings encountered in the course
of the said operations; and
(c) a statement of all crude oil and casinghead petro-
leum spirit won and saved; and
: (d) a statement of the areas in which any geological
or geophysical work has been carried out.
(2) Within two months after the end of each year comprised
in:' I h term hereby granted or any renewal thereof the Licensee
shall furnish to the Board a record in a form from time to time
:approved by the Board of the type and extent of the operations
conducted in the licenced area during each such year together with
a plan upon a scale approved by the Board showing the situation
of all boreholes or wells.
(3) The Licensee shall also keep accurate geological plans
*maps and records relating to the said lands and areas.
(4) The Licensee shall furnish to the Board such other
plans and information as to the progress of operations in the said
lands and areas as the Board may from time to time reasonably
require.
(5) Licensee shall not be required to furnish the Board
any geological geophysical or well information of an interpretative












'Rature 'prior to 60 days from the date of' termination of this licence.
Reports to
be treated 34. All logs samples records plans maps accounts and informa-
as confl- 'tion which the Licensee is or may be from time to time required to
dental. furnish under the provisions of this Licence shall be supplied at the
expense of the Licensee and shall (except with the consent in
writing of the Licensee which shall not be unreasonably withheld)
be treated by the Board as confidential. The Board shall neverthe-
Ics he entii.le ..i time iomkkec usc of any information received
from the Licensee for the purpose of preparing and publishing
aggregated returns and general reports on the extent of oil pro-
specting or oil mining operations in the Colony and for the purposes
of any arbitration or liiigabion between the Board and the Licensee.

Powdr" fo 35. (1) Any person or persons authorized by the Board shall be
inspect entitled at all reasonable times 'o enter into and upon any of the
plant, rec- licenced area for the time being possessed or occupied by the Licensee
words, ac- for the purposes hereinafter mentioned:-
counts, etc.
(a) to examine the boreholes wells plant appliances
buildings and works made or executed by the Licensee
in pursuance of this Licence and the slate of repair
and condition thereof; and
(b) to inspect and check the accuracy of the weighing
or measuring appliances weights measurements logs
records plans and maps which the Licensee is required
to keep or make in accordance with the provisions of
this Licence; and
(c) to inspect the samples of strata 'ad petroleum
which the Licensee is required to keep in accordance
with the provisions of this Licence; and
(d) to execute any works which the Board may be
entitled to execute in accordance with the provisions
of this Licence.
(2) The Board ~hall furnish Licensee in writing the names
of all persons authorized to act as provided in (1) above.
36. If the Licensee shall at any time fail to perform the obliga-
Power to tions arising under the terms and conditions of any of the under-
execute
works. mentioned Clauses of ihis Licence:-
(a) Clause 4 (Measurement of petroleum obtained from
the licensed area);
(b) Clause 23 (Abandonment and plugging of bore-
holes);
(c) Clause 24 (Delivering up of productive boreholes
and wells etc. in good order);
(d) Clause 25 (Plugging of boreholes on determination
of Licence etc.);
(e) Clause 26 (Removal of plant, etc.)












(f) Clause 27 (Health and safety of workers and em-
ployees);
(g) Clause 28 (Avoidance of harmful methods of
working);
(h) Clause 29 (Provision for storage tanks pipes
pipe-lines or other receptacles);
(i) Clause 30 (Disposal of waste oil, salt water and
refuse);
then and in any such case the Board shall be entitled to execute
any works which in the opinion of the Board or its agents may be
necessary to secure the performance of the said obligations or any
of them and to recover all reasonable and necessary costs and
expenses in so doing from the Licensee provided always that the
aforesaid power shall not be exerciseable unless and until written
notice has been given to the Licenses specifying the particular breach
complained of and if the breach is capable of remedy, requiring
the Licensee to remedy the breach, and the Licensee fails, within
a reasonable time to commence and thereafter proceeds diligently
to remedy the breach if it is capable of remedy.
37. If and whenever any of the certain yearly rent or royalties Rights of
reserved by this Licence or any part thereof respectively shall distress
be in arrear or unpaid for the space of two calendar months next
after any of the days whereon the same ought to be paid whether
the same shall have been legally demanded or not) then and so
often as the same may happen the Board may (as an additional
remedy and without prejudice to the power of distress ard other
rights and remedies to which it would be entitled) following written
notice to Licensee enter into and upon any of the licenced area which
shall for the time being be possessed or occupied by the Licensee
for the purposes of this Licence or the exercise of any of the rights
thereby granted and may seize and distrain and sell as landlords
may do for rent in arrear all or any of the stocks of petroleum and
products thereof live and dead stock piers piles derricks engines
machinery tools implements chattels and effects belonging to the
Licensee which shall be found in or upon any of the licenced area
so entered upon and out of the moneys arising from the sale of such
distress may retain and pay all the arrears of the said certain
yearly rent and royalties and also the necessary costs and expenses
incident to any such distress and sale rendering the surplus (if any)
to the Licensee.
38. If the Licensee shall at any time refuse or neglect to ob- Power of
serve or perform any of the terms and conditions of this Licence revocation.
the Board may by notice in writing signed by the Chairman and
served upon the Licensee summarily declare that the Licence hereby
granted shall thenceforth determine and the Licence and all rights
and liberties conferred hereby or enjoyed hereby or hereunder shall
forthwith determine without prejudice to the rights and remedies
of the Board in respect of any prior breach or non-performance of












any or all of the terms and conditions hereof on the part of the
Licensee and in re~lsec.t of the covenants on the part of the Licensee
herein menulon- xl o De pzrriormed after the expiration or sooner
determination of this licence or after the abandonment of the under-
.taking hereby licen-ed. Provided always that save as to the non-
payiment of ren;,s cr royalties the aforo-:aid power shall not be
exercisable unless and until written notice has been given to the
Licensee I,', :, i-, the particular breach complained of and if the
breach i; capable of remedy requiring the Licensee to remedy the
breach and if such breach is incapable of remedy, requiring the
Licensee to make fair and reasonable compensation in money for
the breach and the Licensee fails, within a reasonable time to
commence and ]thereafter, proceeds diligently 'o remedy the breach
if it is capable of remedy or to make reasonable compensation in
money, to the satisfaction of the Board for the breach if it be
incapable of remedy.
Renewal. 39. Provided that the licensee has complied with the conditions
and stipulations contained in this Licence the Board shall on an
application mace in that behalf by the Licensee on not less than
three months' notice in writing grant a renewal of this Licence in
respect of the whole of the licenced area or such part or parts
thereof as may be selected by the Licensee for a further term of
twelve months, subject to the provisions of Clause 6 (Working Obli-
gations) hereof.
40R. Without prejudice to any obligation other than the obligation
Licensee to to drill imposed by or to any liability theretofore incurred under the
determine terms and conditions hereof the Licensee may at any time during the
licence, term hereby granted or any renewal therof determine this Licence by
giving to the Board not less than three months' previous notice
in writing to that effect.
41. Without prejudice lo any obligation imposed by or any
Licensee to liability theretofore incurred under the terms and conditions hereof
abandon the Licensee shall be entitled at any time during the term hereby
portions of granted or any renewal hereoff by giving three months' notice in
the said writing to the Board to surrender the rights granted by this licence
lands.
S in respect of any part or parts of the licenced area.

Provided that -
(a) the parn or parts of the licenced area in respect
of which the said rights are retained shall comply with
the Petroleum Act 1945 and the Regulations made there-
under in force a!; the date of the Oil Exploration Licence
pursuant to which this licence was granted as to the
shape and size of the area or areas in respect of which
an Oil Prospecting Licence may be granted; and
(b) the part or part of the licenced area in respect
of which the said rights are surrendered shall either
be an area in respect of which a licence could be granted
in accordance with the said Act and Regulations or be












of such shape and ,:ize as the Board and the Licenses
may determine.
42. (1) On or before expiration of this Licence or any renewal Right of
Licensee to
or renewals thereof the Licensee having paid the rent and having Oil Mining
observed and performed the terms and conditions herein contained Lease.
shall have a right !o an oil mining lease or leases in respect of all
or any part or parts of the licenced area as the Licensee may select.
(2) Each such Oil Mining Lease shall be of such size (not
exceeding one hundred square miles of lands and/or submarine areas
nor less than four square miles of lands and/or submarine areas
in extent) as may be determined by the Licensee and shall be of such
a shape as to comply with any Regulations made under The Petroleum
Act 1945 in force at the date of the Oil Exploration Licence pursuant
to which this licence was granted.
(3) Ecah such Oil Mining Lease be in the form hereunto
annexed as Exhibit C.
43.- (1) Failure of the Licensee to fulfil any of the terms and Force
conditions of this Licence shall not give the Board any claim against majeure.
the Licensee or be deemed a breach of this Licence in so far as such
failure arises from force majeure and if through force majeure the
fulfilment by the Licensee of any of the terms and conditions of
this Licence be delayed the period of such delay shall be added to
the periods fixed by this Licence.
(2) In this Clause the expression "force majeure" includes any
act of God, war, or conditions arising out of or attributable to war,
insurrecti.n, riot, civ-' ccir -,',ici, strikes, lc'kotts. tide, storm, tidal
wave, flood, lightning, explosion, fire, earthquake, inability to obtain
necessary material, equipment, or labour, and any other happening
which the Licensee could not reasonably prevent or control.
(3) The Board recognizing that conduct of operations under this
Licence during the hurricane seasons may jeopardize life and equip-
ment agrees that it will not withhold its consent to the suspension
during hurricane seasons of any operations provided for in this
Licence, the conduct of which would endanger or jeopardize life or
equipment.
44. If at any time during the continuance of this Licence or after Arbitration
the determination thereof any question or dispute shall arise regard-
ing this Licence or any matter or thing connected herewith or the
powers duties obligations or liabilities of the Licensee hereunder or
the amount or payment of any rent or royalty then and in all such
cases the matter in difference shall be referred to arbitration in ac-
cordance with the provisions of the Arbitration Act 1889 or any Act
passed in amendment thereof or in substitution therefore.
45. The marginal notes are for convenience only and do not form Marginal
part of this Licence. Notes.
46. For the purpose of this Licence- Interpreta-
(1) "Licensee" means a company to whom an oil prospecting tion.
licence is granted and its assigns;












(2) "Petroleum" includes any mineral oil or relative hydrocarbon
and natural gas existing in its natural condition in strata and bit-
umen and asphalt but does not include coal or bituminous shales or
other stratified deposits from which oil can be extracted by destruc-
tive distillation:
(3) "Crude oil" means oil in its natural state before the same
has been refined or otherwise treated but excluding water and for-
eign substances;
(4) "Natural gas" means gas obtained from boreholes and wells
and consisting primarily of hydrocarbons;
(5) "Casinghead petroleum spirit" means any liquid hydrocar-
bons obtained from natural gas (before the crude oil from which
it is derived has been measured for royalty) by separation or by any
chemical or physical process;
(6) "Her Majesty's dominions" shall be deemed to include British
Protectorates and protected States and territories in respect of which
a Mandate on behalf of the League of Nations has been accepted by
Her Majesty or a trusteeship on behalf of the United Nations has
been accepted by Her Majesty;
(7) "Governor" has the meaning assigned to it by The Inter-
pretation Act being Chapter 1 of the Revised Laws of the Bahama
Islands.
(8) "British subject" shall be deemed to include a person under
Her Majesty's protection.
IN WITNESS WHEREOF the Board and the Licensee have caused
their Common Seals to be hereunto affixed the day and year first
herein above written.












SCHEDULE A.
PART I.
All those Crown lands and/or submarine areas coloured pink on Description
the attached plan marked ................. situate in .............. of licenced
arid having a total area of ........................ or thereabouts. area.

SCHEDULE B.
BOND IN RESPECT OF OIL PROSPECTING LICENCE
BAHAMA ISLANDS
New Providence.
KNOW ALL MEN BY THESE PRESENTS THAT WE ..............of
............. and .............. of............ are held and firm-
ly bound to the Treasurer of the Colony and his Successors in Office
in the sum of .............. pounds of good and lawful money of
the Colony to be paid to the said Treasurer and his Successors in
Office for which payment to be well and truly made we bind our-
selves and each of us and our assigns jointly and severally by these
presents. Dated this ............ day of ........ 19 ..........
WHEREAS by Indenture of even date herewith and made between
the Petroleum Board of the one part and the said ............ of
the other part the sole right and licence was granted to the said
............ to search bore for win and work all or any petroleum
lying or being within under or throughout those lands and submarine
areas described in Schedule A to the said Indenture and delineated
in the plans attached to the said Indenture and marked ..........
subject to the terms conditions and covenants therein contained.
AND WHEREAS the said ............ hath agreed to become
surety for the due performance by the said .......... of all and
Several the covenants matters and things under the said Indenture to
be by it performed and done.
NOW the condition of the above-written bond or obligation is
such that if the said........... shall well and truly observe and per-
form all and every the covenants and agreements by it to be observed
and performed as hereinbefore mentioned and shall in a proper and
workmanlike manner do all and every the acts matters and things
by it to be done under the said Indenture to the satisfaction of
the Board for the time being THEN the above-written bond or ob-
ligation shall be void otherwise the same shall remain in full force
and effect.












FORM C

OIL MINING LEASE.

THIS INDENTURE made the day of in the year
of our Lord one thousand nine hundred and
BETWEEN the Petroleum Board established under the Petroleum Act
1945 acting for and on behalf of the Government of the Colony
(hereinafter referred to as "the Board") of the one part AND........
........................(hereinafter referred to as "the Lessee") of
the other part:
WHEREAS the Lessee is entitled to an Oil Mining Lease pursuant
to an Oil Prospecting Licence granted to the Lessee by the Board on
the .................. day of .................. 195...... and has
applied to the Board for an oil mining lease in respect of the lands
and/or submarine areas specified in Part I of the Schedule marked
"A" hereunder written (hereinafter referred to as the "leased area")
and has entered into a bond in the form set out in the Schedule
marked "B" hereunder written with the Treasurer in three times the
amount of the annual rent hereinafter reserved in respect of the
tenth and each subsequent year of the term hereby granted con-
ditioned for the due and faithful carrying out of the provisions con-
tained in the Indenture;
AND WHEREAS the Board is satisfied that the Lessee has ob-
served and performed the terms and conditions contained in the said
Oil Prospecting Licence;
NOW THIS INDENTURE WITNESSETH AS FOLLOWS:-
In consideration of the rents royalties convenants and agree-
ments hereinafter reserved and contained on the part of the Lessee
to be paid and observed the Board doth hereby demise unto the
Lessee all or any petroleum lying or being within under or through-
out the leased area and doth hereby grant the liberties powers and
privileges to be exercised in connection with the said petroleum men-
tioned in Part II of the said Schedule marked "A" subject to the
restrictions and conditions which are specified in Part III of the said
Schedule Marked "A" and tcr the proviioin: contained in Part IV of
the said Schedule marked "A";
Term .TO HOLD EXERCISE AND ENJOY all and singular the premises
liberties powers and privileges hereby granted and demised unto the
Lessee from the ............. day of .........19.... for the term
of .............. years then next ensuing yielding and paying free
and clear from all rates taxes charges and deductions the several
rents royalties and sums of money mentioned and specified in Part
V of the said Schedule marked "A" subject to the provisions relat-
ing to rents and royalties contained in Part VI of the said Schedule
marked "A." And the Lessee doth hereby covenant with the Board
aru i: Part ,7i. ,;i-~1 said Scheauie marked "A" is expressed and the
Board doth hereby covenant with the Lessee as in Part VIII of the
said Schedule marked "A" is expressed and it is hereby mutually












agreed and declared by and between the parties hereto as in Parts
IX and X of the said Schedule marked "A" is expressed and it is
hereby declared that the Schedule marked "A" hereunder written
shall be deemed part of these presents and be read and construed
accordingly.
IN WITNESS WHEREOF the Board and the Lessee have caused
their Common Seals to be hereunto affixed the day and year first
hereinbefore written.

THE SCHEDULE MARKED "A" ABOVE REFERRED TO
PART I. THE LANDS AND/OR SUBMARINE AREAS REFERRED
TO IN THIS LEASE. .
All those lands and/or submarine areas lying .................. Description
and being delineated on the plan thereunto annexed and thereon of the
coloured pink and containing an area of..................or there- leased
area.
about. area.
PART II. LIBERTIES, POWERS AND PRIVILEGES TO BE
EXERCISED OR ENJOYED BY THE LESSEE, BUT SUBJECT TO
THE RESTRICTIONS AND CONDITIONS IN PART III.
1. To enter upon the leased area and to search bore for win and To bore
work all or any petroleum lying or being within under or throughout etc.
the leased area.
2. Subject to the approval of the Board, to appropriate and use To appro-
for any purpose connected with the borings or works or refining private
operations connected therewith, the water upon or within any ot water, etc.
the leased area, end to collect, impound and bore for the same for
the purpose of working the said borings or works or carrying out re-
fining and other operations provided for herein, but so that in the
exercise of this privilege the Lessee shall not deprive any lands,
villages; houses or watering places for cattle of a reasonable supply
of water as heretofore accustomed.
3. To enter upon, use and occupy a sufficient part of the leased To appro-
area adjoining any borings for depositing thereon the products of private
the said borings and all the earth soil and other substances brought surface of
to the surface and for otherwise carrying on the works of the said land for
borings and operations hereunder.
4. To refine or otherwise treat the aforesaid petroleum in and To refine.
upon the leased area whether for purposes of sale or otherwise save
as hereinafter provided.
5. To store, take, lead, pipe, and carry away, on, under or over To store,
the leased area the aforesaid petroleum and the products thereof lead and
carry away
and to dispose of the same at its own will and pleasure, save as oil, etc.
hereinafter provided.
6. To erect set up and make in upon and over the leased area To erect
workmen's houses, sheds, piers, piles, derricks, engines, machinery, houses, etc
furnaces, buildings, erections, pipe-lines, telephone lines, railroads,
tramroads, and ether roads and works necessary or convenient for
















To dig
gravel, etc.





To cut
timber ete.


Exemption (a) The lessee may import into the Colony and take out of bond
from duty. at any warehouse port therein without payment of customs duties,
war tax, or any other tax, all plant, machinery, tools and equip-
ment which are peculiar to and necessary for the purposes of
exploring for, prospecting for or mining petroleum on proof being
given to the satisfaction of the Comptroller of Customs that the
said plant, machinery, tools and equipment are to be used for
the purposes aforesaid and for no other purpose.


To do all
other acts
and things.


(b)To do all such other acts and things and to carry out all
such other works and conveniences as may in the opinion of the
lessee be necessary or convenient to effectively obtain, produce
and market the aforesaid petroleum and the products thereof
and to carry out the operations authorized and envisaged by this
lease.


the effectual working of the said borings, works or refining operations
connected therewith, and the exercise, of the several liberties and
powers hereby granted.

7. To search for, dig and get free of charge gravel, sand, clay
and stone within the leased area, for the purposes mentioned in this
part of this Schedule, but not for sale provided that at the expira-
tion of this Lease any excavations shall be fenced or filled in or
levelled and left otherwise fit for cultivation and occupation, as far
as may be reasonably practicable if so required by the Board.

8. To cut down the brushwood and undergrowth and with the
consent of the Board to fell any timber now standing or growing, or
which at any time hereafter may grow on the leased area, for the
purpose of facilitating ingress and egress to and from the leased
area, and also for the purposes of clearing lands for the erection of
machinery and plant in connection with the purposes mentioned in
this Part of this Schedule and also for the purpose of clearing lands
for protection against damage by fire and for erecting and making
habitable workmen's houses, and also for clearing land for the pur-
pose of making pastures for the animals used by the Lessee for the
operations herein specified and subject to the approval of the Board
to enclose with a fence any lands occupied by the aforesaid con-
struction provided that such fence does not interfere with existing
or projected rights of way or roads.


Provided that (a) the clearing for any single pasture shall not
exceed ten acres and (b) the lessee shall pay a reasonable price for
all timber and undergrowth cut down or felled by it for the purpose
of making pastures or taken or used by it such price to be assessed
in default of agreement by arbitration as provided in Clause 63
((Arbitration) of this Schedule.












PART I1L. ,RESSTRICTIONS AND CONDITIONS AS TO THE
EXERCISE OF THE ABOVE LIBERTIES, POWERS
AND PRIVILEGES.
9. Notwithstanding the present demise and the rights and obliga- Board's
permission
tions arising hereunder the Lessee shall not exercise any of the lib- to be ob-
erties powers and privileges hereby granted over any particular parcel gained.
of land described in Part I of this Schedule title to which land is
vested in private ownership unless and until permission in writing so
to do shall first have been obtained by the Lessee from the Board
which shall grant such permission upon proof to its satisfaction by
the Lessee that (a) the Lessee has entered into an agreement with
the owners of the surface of such parcel of land for payment of com-
pensation to such owner or owners for and in respect of any damage
which may be caused or done to the surface of such parcel of land
or to any cultivation or buildings thereon by reason of the exercise
by the Lessee of all or any of the liberties powers and privileges here-
by granted or (b) the Lessee has made reasonable efforts to arrive
at such an agreement but has failed to do so through no fault at-
tributable to it, or (c) the Lessee is unable to enter into such an
agreement by reason of the fact.
(a) that the persons with power to grant the right are numerous
or have conflicting interests or cannot be ascertained or are re-
siding out of the Colony or cannot be found or unreasonably re-
fuse to grant it or demand terms which, having regard to the
circumstances, are unreasonable; or
(b) that the persons from whom the right must be obtained or
any of them have not the necessary powers of disposition wheth-
er by reason of defect in title, legal disability or otherwise.
Compensa-
10. (1) The Lessee shall before occupying any land for surface tion to
operations pay or tender reasonably compensation to the occupiers.
occupiers thereof and shall thereupon be entitled to occupy
the land, but shall nevertheless be bound to pay the amount
of compensation which, in case of dispute, shall be assessed
by reference to arbitration as provided in Clause 63 (Arbitra-
tion) of this Schedule.
Compensa-
(2) The Lessee shall before occupying any submarine area tion.
which is at such time being lawfully occupied and in use by
any person for the purpose of cultivating sponge pay or ten-
der reasonable compensation to such person but nevertheless
it shall be bound to pay the amount of compensation which
in case of dispute shall be assessed by reference to arbitra-
tion as provided in Clause 58 (Arbitration) of this Schedule.

11. Nothimn herein contained shall be deemed to restrict the
right of the Crown to grant or lease any portion of the surface of
any Crown Lands subject to this Lease but any such grant or lease
by the Crown shall be subordinate and subject to and shall not in
any way affect the rights granted by this lease to the Lessee.










Distance of
boreholes
from
boundaries
of the said
lands.

No mining
operations
to be car-
ried on
near rail-
way, etc.





Cutting of
Timber.




Governor
may work
other min-
erals, etc.


36

12. No i; i c;'? or well shall except with tile consent ill writing
of the Board be drilled or made within a distance of 400 feet from
the boundaries of the leased area.

13. No boring operations or working shall be carried on or allowed
by te Lc.J'sec i; Lo leased area at any point within 100 yards of any
railway reservoir canal or other public works or any building or in-
habitec site (::; or near the leased area except with the previous
permission in writing of the Board (which shall not be unreason-
ably withheld) or of any officer authorized by it in its behalf and
subject to any instructions restrictions and conditions which may be
attached to such permission by the Board or the officer granting the
same.
14. Save as provided in Clause 8 (to cut timber, etc.) of this
Schedule the Lessee shall not without the express sanction of the
Governor cut down or injure any trees or timber in the leased area.
PART IV. LIBERTIES AND POWERS OF THE GOVERNOR AND
OTHERS.
15. These presents or anything herein contained shall not
prejudice or affect the exercise from time to time of all or any of
the following liberties and powers, that is to say:-
(1) Liberty and power for the Governor or any other person
authorized by him in that behalf to enter into and upon the
leased area and to search for, dig, work and get any minerals
or substances other than petroleum upon or under the leased area
and for the purposes aforesaid to sink, make, erect and use such
pits, shafts, levels, drains, watercourses, tunnels, buildings, en-
gines or machinery, railways, wagonways and other ways, works
and conveniences upon, through or under the leased area as he
shall deem necessary or expedient; provided always that the said
reserved liberties and powers to work for minerals or substances
other than petroleum shall be exercised and enjoyed in such a
manner as not to hinder or interfere with the rights and
privileges of the Lessee under these presents, and provided also
that fair and proper compensation shall be paid by the Gover-
nor for all expense, loss, damage or injury which the Lessee may
sustain or be put to by reason or in consequence of the exercise
of the said reserved liberties and powers to work for minerals or
substances other than petroleum, the amount of such compen-
sation to be settled in case of difference by reference to arbitra-
tion as provided in Clause 63 (Arbitration) of this Schedule.
(2) Liberty and power for the Governor or any other person au-
thorized by him in that behalf to enter into and upon the leased
area and to make and maintain upon, over and through the
leaiet area 'c.ch reservoirs, pumping stations, generating stations,
waterways, roads, tramways, railways, telegraph and telephone
lines and pipe-lines or other works as he shall deem necessary
or expedient lor any purpose, and to obtain from and out of the
leased area such stone, earth and other materials as may be


Governor
may enter
land, etc.











necessary or requisite for making, repairing or maintaining the
same or any of them and at all times to draw water from the
leased area and to have free access thereto, and to pass and
repass at all times over and along the leased area for all such
purposes as occasion shall require; provided always that the said
reserved liberties and powers shall be exercised and enjoyed in
such a manner as not to hinder or interfere with the rights and
privileges of the Lessee under these presents: And provided also
that fair and proper compensation shall be paid by the Governor
for all expense, loss damage or injury (not however including
the value of any water stone earth or other materials taken)
which the Lessee may sustain or be put to by reason or in con-
sequence of the exercise of the said reserved liberties and powers,
the amount of such compensation to be settled in case of differ-
ence by reference to arbitration as provided in Clause 63 (Arbitra-
tion) of this Schedule.
(3) Liberty and power for the Governor to grant or demise to Governor
may grant
any person all or any part of the leased area for any purpose or demise
provided that such grant or demise be made subordinate and said lands
subject to the rights of the Lessee hereunder. to third
parties
subject to
PART V. RENTS AND ROYALTIES RESERVED BY THIS LEASE. Lessee's
rights.
16. (1) The Lessee shall pay to the Treasurer on behalf of the Certain
Board during the term hereby granted, a certain yearly rent, yearly
rent.
as specified in the table hereunder written, for each acre or
part of an acre comprised in the leased area:-
TABLE


In respect of the 1st year of the said term
S2nd
3rd "
4th "
5th
6th and each subsequent
year of said term


17.
within
of the


per acre
per annum.
s. d.
2 0
3 0
4 0
8 0
8 0

10 0


(2) Payment of the certain yearly rent reserved by this Lease
shall be made annually in advance, and the first payment
of the sum of ............ in respect of the first year of the
term hereby granted (the receipt whereof is hereby acknow-
ledged) has been made on or before execution of this Lease.
The Lessee shall pay to the Treasurer on behalf of the Board
60 days after the end of each calendar quarter year period Royalties.
term hereby granted, the royalties hereunder specified:-


(a) on crude oil won and saved twelve and one-hall per centum
of the selling value thereof;









38

(b) on natural gas twelve and one-half per centum of the selling
value of actual sales thereof: Provided that in respect of any
natural gas sold to other persons holding oil prospecting licences
or oil mining leases in the Colony for re-pressuring the natural
oil reservoir the rate of royalty shall be reduced to one-half
of the rate specified in this sub-clause; and

(c) on casinghead petroleum spirit won and saved 121/2 per
centum of 60 per centum of the selling value thereof when the
yield does not exceed two Imperial gallons per 1,000 cubic feet
of gas treated and 12z2 per centum of 100 per centum of the
selling value thereof when the yield exceeds two Imperial gallons
per one thousand cubic feet of gas treated.

The selling value of crude oil as aforesaid shall be the selling
value thereof at the well head. The selling value of casinghead
petroleum spirit. as aforesaid shall be. the selling value thereof at the
Place of its extraction. : The selling value of actual sales of natural
gas as aforesaid shall .e the actual sales price received by the Licen-
see from the sale of the Natural gas.

In ascertaining the amount of royalties payable under this clause,
S the Lessee shall be entitled to deduct from the quantity of crude oil
and casinghead petroleum spirit won and saved, the quantity, ascer-
tained according to a method approved by the Board, of any oil or
products thereof or of casinghead petroleum spirit used during such
period by the Lessee for the purpose of carrying on drilling and pro-
duction operations and pumping and transporting to field storage,
and refineries.

The quantity of casinghead petroleum spirit recovered by the
Lessee within each calendar quarter year period shall be ascertained
in the manner provided by Clause 20 (Measurement of petroleum
obtained from the leased area) of this Schedule. From the quantity
so ascertained, the Lessee shall be entitled to deduct the quantity
ascertained' according to a method approved by the Board of any such
spirit used' during such calendar quarter year period by the Lessee
for the purpose of carrying 'on drilling and production operations
and pumping to iield storage, refineries, and marine terminals.
From the amount of royalties payable under the foregoing pro-
visions of this Clause in respect of any calendar quarter year period
or periods there shall be deducted the amount of the certain yearly
rent actually paid in respect of the same calendar year under the
provisions of Clause 16 (Certain yearly rent) of this Schedule.
The selling value of any crude oil, natural gas or casinghead
petroleum spirit shall be such value as may be determined by mutual
agreement between the Board and the Lessee or failing agreement
by arbitration in accordance with the provisions of Clause 63 (Arbitra-
tion) hereof.












PART VI. PROVISIONS RELATING TO RENTS AND ROYALTIES. Refund of
18. (1) Upon the determination by the Lessee of the term hereby certain
granted or any renewal thereof or upon the surrender by it of the yearly rent
on determi-
rights granted by this Lease in respect of any part or parts of the nation or
leased area the Board will refund to the Lessee an apportioned part surrender.
of any certain yearly rent paid by the Lessee in advance in respect
of the leased area of any such part or parts thereof for a period the
whole of which has not expired at the date of such determination or
surrender.
(2J upon tne release Dy the Lessee of any of the leased area
under the provisions of Clause 27 (Release of areas included by inad-
vertence in the leased area) of this Schedule the Board will refund
to the Lessee all of the certain yearly rent paid by the Lessee dur-
ing the term hereby granted in respect of the said area or areas;
provided that in respect of any year the amount remaining of the
certain yearly rent after the said refund shall not be less than the
amount or royalties payable in respect of any such year under the
provisions of sub-clauses (a), (b) and (c) of Clause 17 (Royalties)
of this Schedule.
PART VII. THE LESSEE'S COVENANTS.
19. The Lessee shall pay the several rents and royalties hereby Payment
reserved at the times and in the manner above appointed in that of rents
behalf, and royal-
ties.
20. (1) The Lessee shall measure or weigh by a method or meth- Measure-
ods customarily used in good oilfield practice and from time to time ment of
approved by the Board:- petroleum
obtained
(a) all crude oil and casinghead petroleum spirit won and from the
saved and removed from the leased area; and said lands.
(b) all natural gas sold from the leased area; during the term
hereby granted or by renewal thereof.
(2) The Board or any officer of the Board authorized by it shall
at all times during the said term or any renewal thereof be entitled
to be present whenever such measurement or weighing takes place.
(3) If any measuring or weighing appliance shall at any time
be found to be false or unjust the same shall, if the Board so de-
termines after considering any representations in writing made by
the Lessee, be deemed to have existed in that condition during the
period of three months prior to the discovery thereof or the period
elapsed since the last occasion upon which the same was examined
or tested, whichever shall be the less, and accordingly the royalties
payable in respect of such period shall be adjusted.
(4) The Lessee shall not make any alteration in the method or
methods of measurement or weighing used by it or any appliances
used for that purpose without first informing the Board and the
Board may in any case require that no alteration shall be made
save in the presence of an officer authorized by the Board.












Keeping -of- 21. (1) The Lessee shall at all times during the term hereby
accounts. granted or any renewal thereof keep full and correct accounts in a
form from time to time approved by the Board which shall contain
accurate entries of:-
"*''; (a) the quantity of crude oil won saved and removed from
the leased area; and
(b) the method and results of tests made on the crude oil; and
(c) the quantity of crude oil refined in the Colony by Lessee
and the products recovered therefrom; and
(d) the quantity of crude oil otherwise disposed of and the
manner of its disposal; and
(e) the quantity of natural gas sold and the actual sales price
at which it has been sold; and
(f) the quantity in cubic feet of natural gas treated and the
quantity in Imperial gallons of casinghead petroleum spirit
won and saved; and
(g) the quantity of crude oil and the products thereof or
casinghead petroleum spirit used for drilling or production
operations or pumping to field storage, and refineries; and
(h) such further particulars and statistics as the Board may
from time to time reasonably require.
Establish- (2) The Lessee shall within sixty days after the end of each
ment of calendar quarter year period of the term hereby granted or any
boundary renewal thereof deliver to the Board an abstract in a form from
marks. time to time approved by the Board of the said accounts for each
such period together with a statement in the like form of all royalties
payable in respect of each such period.
22. (1) The Lessee shall unless the Board otherwise determines
at its own expense forthwith erect and at all times maintain and
keep in repair substantial boundary marks of brick, stone or con-
crete not less than one foot high at every angle or corner of the
boundary line of any lands included in the leased area. Such boun-
dary marks shall be referenced by survey to at least two readily
identifiable points in such a manner that the boundaries of the said
lands can be accurately traced on the ground. The Lessee shall
ensure that the area demarcated on the ground shall conform as close-
ly as possible to the area delineated on the plan hereto annexed.
(2) The Lessee shall unless the Board otherwise determines at
its own expense forthwith erect and at all times maintain and keep
in repair such survey marks or monuments as may be necessary for
the delimitation of any submarine areas included in the leased area.
Such survey marks and monuments shall be of a form and type ap-
proved by the Pilotage Board for New Providence.

(3) The Lessee shall, if called upon so to do by the Board, illum-
inate between the hours of sunset and sunrise in a manner satis-
factory to the Pilotage Board for New Providence all derricks piers
survey marks monuments and other installations erected by Lessee in
any submarine areas included in the leased area.












23. As soon as the settled output of crude oil of a quality suit-
able for refining obtained from the lands and/or submarine areas
held under oil mining lease or leases by the Lessee in the Colony
amounts in the aggregate to at least fifteen hundred tons per day,
assessed on the average daily production over a period of not less
than six consecutive calendar months (such calculation not to in-
clude any production used by Lessee for the purpose of carrying on
drilling and production operations and for pumping to field storage
or any portion of the production of any wells as may not be under
control) and proven reserves of crude oil adequate to justify the cap-
ital investment necessary for such undertaking have been developed
the Lessee shall if so required by the Board commence the erection
of a refinery capable of dealing with at least 400 tons per day of the
output of crude oil ascertained as above and of so treating the said
crude oil as to produce oil fuel that shall comply with the Admiralty
specification at that time, provided that the said crude oil be of a
suitable kind and quality for this purpose. The Lessee shall complete
the refinery and put and maintain it in efficient working order with
due diligence and dispatch, but in any event within two years from
the date on which the site of such refinery shall have been definitely
approved.
Provided that the site of such refinery and all tanks for the
storage of petroleum shall be selected by the Lessee with the previous
written approval of the Board, such approval not to be unreasonably
withheld, due regard being had to the commercial interests of the
undertaking.
Provided further that the site of such refinery shall be submitted
for the approval of the Board within four months following the re-
ceipt by the Lessee of written notice from the Board to commence
the erection of such refinery.
The Lessee shall not be required to erect said refinery at any
location which cannot be acquired by Lessee at a price representing
its fair market value without regard to its proposed use or which is
not adapted to refining operations or which is not readily accessible
to a deep water channel capable of handling ocean going tankers or
at which fresh water in sufficient quantities to serve the refining
operations is not available or cannot be developed by customary
methods.
The Board agrees to make available to Lessee free of rental or
other compensation any Crown lands or submarine areas located
within or without the leased area which may be required by Lessee
for the erection, maintenance and operation of said refinery includ-
ing all necessary pipe lines, submarine loading lines, piers, tanks,
pumping stations and other facilities and appurtenances.
Should the site of such refinery or of any facilities appurtenant
to such refinery include any alienated lands Lessee shall not occupy
or use such lands unless and until permission in writing so to do
shall first have been obtained by the Lessee from the Board which












shall grant such permission upon proof to its satisfaction by the
Lessee that (A) the Lessee has entered Into an agreement with the
owners of the land for payment of compensation to such owners for
and in respect of any damage which may be caused or done to the
surface of such land or areas or to any cultivation or building there-
on by reason of the exercise by the Lessee of all or any of the liber-
ties powers and privileges hereby granted or (B) the Lessee has made
reasonable efforts to arrive at such an agreement but has failed to
do so through no fault attributable to it or (C) the Lessee is un-
able to enter into such an agreement by reason of the fact-
(a) that the persons with power to grant the right are
numerous or are residing out of the Colony or cannot be
found or unreasonably refuse to grant it or demand terms
which are unreasonable; or
(b) that the persons from whom the right must be obtained
or any of them have not the necessary powers of disposition,
whether by reason of defect in title, legal disability or other-
wise.
Local Re- 24. The Lessee shall before commencing any operations in the
dent Man- leased area furnish to the Board the name and address in the Colony
ager. of its Resident Manager under whose supervision such operations are
to be carried on. Any notice which the Board or any person au-
thorized by it is in accordance with the terms of this Lease required
be entitled to serve upon the Lessee shall be sufficiently served if the
same shall be delivered or sent by post addressed to such Resident
Manager at such address.
Compensa- 25. The Lessee shall make and pay fair and reasonable com-
tion. pensation for all damage or injury to the property and rights of
other parties which may be done by it, its agents and servants in
the exercise of the liberties and powers conferred by this Lease.
Lessee to 25A. The Lessee shall furnish to the Board copies of all con-
furnish veyances leases aFsignments agreements and Indentures with surface
Board with owners relating to surface rights in and over any lands included in
copies of the leased area or any estate or interest therein and to which the
agreements
entered Lessee is a party.
into with
surface
owners.
Indemnity 26. The Lesse3 shall at all times indemnify and keep harmless the
against Board and every Officer of the Board against all actions, costs,
third party
claims y charges, claims and demands whatsoever which may be awarded by
a court of competent jurisdiction to any third party in relation to or
in connection with any matter or thing done or purported to be done
by Lessee in pursuance of this lease. Provided that the provisions of
this clause shall not apply to acts, matters or things performed or
done by Lessee at the request or upon the demand of the Board or
any member thereof which in the opinion of Lessee is inappropriate,
undesirable or hazardous.











27. In the event of the inclusion by inadvertence in Part I of Release of
this Schedule of any lands or submarine areas in respect of which areas in-
the oil rights have already been granted to other companies the cluded by in-
Lessee shall immediately release any such lands or submarine areas iadertence
in the leased
when required to do so by the Board. area.
28. The Lessee shall not except with the consent of the Board Lessee not
cultivate or use the leased area in any manner save for the purpose cultvate,
of this demise and the rights hereby granted.

29. (1) Notwithstanding the rights conferred on the Lessee under Reservation
this Lease, the Board, upon giving three months' written notice to of areas for
public pur.-
the Lessee shall have power at any time to reserve from operations poses, etc.
under this lease or any renewal thereof any lands or submarine areas
which may from time to time be required for villages, new villages,
village extensions, water reserves, navigation, ports, wharves, public
fisheries or any public purposes whatsoever provided that during the
subsistence of this lease or any renewal thereof the area or areas so
reserved shall not exceed in all 1% of the total square miles of land
anc/or submarine area included in this lease and provided further
that the reservation of any lands or submarine areas upon which any
active operations such as well drilling, road constructions, waterworks,
and/or other works relating to the winning of petroleum have pre-
viously been commenced or are in progress shall not be reserved but
in lieu thereof an equal area or areas upon which active operations as
aforementioned have not already been commenced or are not at the
time being in progress may be reserved provided further that if the
Lessee shall satisfy the Board that the reservation of any such select-
ed lands or submarine areas will interfere with or impede its opera-
tions or proposed operations the Lessee shall have the right to in-
dicate and offer proof as to the availability of other areas from which
the said percentage may be selected and provided further that the
reservation of any lands or submarine areas shall not prevent or
prejudice the right of the Lessee to search for win and work all or
any petroleum ly.ng or being within under or throughout any of the
lands and submarine areas so reserved and to carry away and dis-
pose of the produce thereof to and for the use and benefit of the
Lessee.
(2) Where any lands or submarine areas have been reserved from
this lease pursuant to sub-clause (1) of this clause, the Lessee shall
carry out all operations necessary to search bore for win and work
any petroleum lying or being within under or throughout the said
lands and/or submarine areas so reserved in such manner as to cause
the least disturbance necessary having regard to the purposes for
which such lands and submarine areas were reserved, and upon com-
pletion of such operations shall remove from such reserved lands and
submarine areas all unnecessary works, and shall maintain all works
necessary to produce, take, lead, pipe and carry away the aforesaid
petroleum and the products thereof in a clean, tidy and workman-
like manner.

















Advertise-
ment, Pro-
spectuses,
etc.


Notice of
fresh issues
of capital.


Consent to
Assignment.




Assignment
of Lease.

Lessee
ceasing to
be a British
subject.







Special
clause.


(3) Where any lands or submarine areas have been reserved un-
der this clause the Lessee shall have the unrestricted right to use
such lands or submarine areas if they shall subsequently become no
longer required for the purpose for which they were reserved.
30. (1) No statement shall be made either in any notice adver-
tisement prospectus or other document issued by or to the knowledge
of the Lessee or in any other manner claiming or suggesting whether
expressly or by implication that the Governor or any Government
Department or the Board or any person or body acting on behalf
or any of them has, or have formed or expressed any opinion that
the leased area is from its geological formation or otherwise likely
to contain petroleum.
(2) The foregoing provisions of this Clause or a statement to
the effect thereof shall be included in or endorsed on any prospectus,
statement in lieu of prospectus, notice, circular, advertisement or
other invitation issued by or to the knowledge of the Lessee offering
to the public for subscription or purchase any shares or debentures
of a company or intended company.
31. The Lessee shall report to the Board particulars of any fresh
issues of capital which may from time to time be made by it and
any alteratiorn whicii may ce made in the Memorandum or Articles
of Association or in the constitution of the Lessee.
32. The Lessee shall not assign this Lease without the previous
consent in writing of the Board which may require as a condition
of giving such consent the assignee or assignees at its or their expense
to execute a deed of covenant to observe and perform the covenants
and conditions on the part of the Lessee in these presents contained.

33. The Lessee shall not assign this Lease to any person other
than a company incorporated in the Colony.
34. If the Lessee shall cease to be a company incorporated in
the Colony the Lessee shall forthwith inform the Board and apply
to it for its consent to an assignment of the rights granted by this
Lease in accordance with Clause 32 (Consent to assignment) of this
Schedule and in the event of the Lessee failing to obtain such con-
sent within such time as the Board may in its discretion appoint, the
Board may revoke this Lease. The revocation of this Lease in pur-
suance of the foregoing provisions of this Clause shall be subject
and without prejudice to any obligation imposed by or any liability
theretofore incurred under the terms and conditions hereof.
35. If the Lessee shall be or become controlled directly or in-
directly by an alien or a company incorporated outside Her Majesty's
dominions or if the Lessee shall with the consent in writing of the
Board assign the rights granted by this Lease in respect of the leased
area or any part thereof to a company incorporated in the Colony
controlled directly or indirectly by an alien or by a company incor-
porated outside Her Majesty's dominions then and in any such case-












(a) two of the Directors and the Resident Manager shall be
British subjects; and
(b) if and when the Board shall so require a majority of the
persons employed by the Lessee in or about the leased area
in connection with the exercise of the rights granted by this
Lease shall be British subjects.
36. This Lease shall be determined if the Lessee shall be or be- Recl-
come controlled directly or indirectly by a national of or by a corn- procity.
pany incorporated in any country the laws and customs of which
do not permit British subjects or companies incorporated in Her
Majesty's dominions or companies incorporated in that country con-
trolled directly or indirectly by British subjects or by companies in-
corporated in Her Majesty's cominicns to acquire hold and operate
petroleum concessions on conditions which in the opinion of Her
Majesty's Principal Secretary of State for the Colonies are reason-
ably comparable with the conditions upon which such rights are
granted to nationals of that country with the addition of conditions
corresponding to those imposed by this Clause and Clause 35 (Special
clause) of this Schedule.
37. The Lessee shall exercise the liberties and powers hereby Lessee not
to obstruct
granted in such a manner as to offer no unnecessary or reasonably working of
avoidable obstruction or intcrrup;ion to the development and working other min-
within the leased area or lands or areas adjacent thereto of any erals.
minerals not included in this Lease and shall at all times afford to
the Governor or his representative and to the holders of prospecting
licences or mining leases in respect of any such minerals or any
minerals within any lands or areas adjacent to the leased area
reasonable means of access and convenient passage upon and across
the leased area to such minerals for the purpose of getting, working,
developing and carrying away the same.
Notice of
38. (1) As soon as the site of any borehole or well has been de- the site
cided the Lessee shall notify the Board in writing of the situation and com-
thereof and the same shall be described by a certain number in the mencement
of bore-
plans and records which the Lessee is required to keep under the holes and
provisions of this Lease. The Lessee shall notify the Board of any wells.
change of the number of any such borehole or well which may be
made.
(2) No borehole or well shall be commenced and no borehole or
well shall be recommended after work has been discontinued threat
for more than six months unless seven clear days' notice in writing
shall first have been given to the Board. Provided that the provisions
of this sub-clause shall not apply to cleaning out operations in a
producing well.
39. (1) No borehole or well shall be abandoned and no cemented Ab don-
string or other permanent form of casing shall be withdrawn from ment and
any borehole or well which it is proposed to abandon without the plugging of
prior consent in writing of the Board, such consent not to be un- boreholes.
reasonably withheld or delayed in the case of boreholes or wells



























Delivering
of produc-
tive bore-
holes and
wells, etc.,
in good
order.













Plugging of
boreholes
on determi-
nation of
Lease, etc.








Health and
safety of
workers, and
employees.
Avoidance
of harm-
ful methods
of working.


which have became unproductive and shall not be withheld or de-
layed for more than forty-eight hours in the case of unproductive
boreholes or wells.
(2) Every borehole or well which the Lessee intends to abandon
shall, unless the Board otherwise determines be so securely plugged
by the Lessee to the satisfaction of the Board as to prevent the egress
of oil or gas therefrom or ingress and egress of water in and from
any portion of the strata bored through.
(3) The Board may in any case require that no borehole or
well shall be plugged or any works be executed for that purpose save
in the presence of an officer authorized by it and the Board agrees
to have such authorized officer present upon twenty-four hours' no-
tice from Lessee.
40. Within two months after the expiration or sooner determina-
tion of this Lease or any renewal thereof pursuant to Clause 51 (Re-
newal) hereof or the date of the abandonment of the undertaking
hereby leased pursuant to Clause 52 (Right of Lessee to determine
Lease) hereof whichever shall first occur and without payment of
any compensation in respect thereof the Lessee shall deliver up to
the Board in good order repair and condition and fit for further
S..rking all productive borehcles cr wells unlesss ordered by the Board
to plug them as provided in the next succeeding Clause hereof and
except such boreholes and wells as shall have been previously aban-
doned with the consent of the Board) which shall have been made
by the Lessee under the liberty or power in that behalf hereinbefore
contained, together with all casings and other appurtenances to such
!cbrel-oles or wells belcw surface level and all piers, piles, and caissons
constructed and installed in connection with such boreholes or wells
which are necessary for the operation of and which cannot be re-
moved without causing injury to the said boreholes and wells.
41. Within two months after the expiration or sooner determina-
tion of this Lease or any renewal thereof pursuant to Clause 51 (Re-
newal) hereof or the date of the abandonment of the undertaking
hereby leased pursuant to Clause 52 (Right of Lessee to determine
Lease) hereof whichever shall first occur the Lessee shall if required
so to do by the Board (a) securely plug to the satisfaction of the
Board all boreholes and wells as provided in (2) and (3) of Clause
39 (Abandonment and plugging of boreholes) of this Schedule, and
(b) remove in a manner satisfactory to the Pilotage Board for New
Providence all piers, piles, derricks, and other installations erected
by it within the submarine areas included in this Lease.
42. The Lessee shall comply with any reasonable instructions
from time to time given by the Board in writing for securing the
health and safety of persons employed in or about the leased area.

43. (1) The Lessee shall maintain all apparatus and appliances
and all boreholes and wells capable of producing petroleum in com-
mercial quantities in good repair and condition and shall execute












all operations in or in connection with the leased area in a proper
and workmanlike manner in accordance with methods and practice
customarily used in good oilfield practice and without prejudice to
the generality of the foregoing provision the Lessee shall take all
steps practicable in order:-
(a) to control the flow and to prevent the escape or waste
of petroleum discovered in or obtained from the leased area;
and
(b) to conserve the leased area for productive operations; and
(c) to prevent damage to adjoining petroleum bearing strata.
and
(d) to prevent the entrance of water through boreholes and
wells to petroleum bearing strata; and
(e) to prevent the escape of petroleum into any water-well
spring stream river lake reservoir estuary or harbour; and
(f) to prevent the pollution of the coastal water by oil, mud
or any other fluid or substance which might contaminate the
sea water or shore line or which might cause harm or
destruction to marine life; and
(g) to cause as little damage as possible to the surface of
any lands included in the leased area and to the trees crops
buildings structures and other property thereon.
(2) The Lessee shall comply with any reasonable instructions
from time to time given by the Board in writing relating to any of
the matters set out in sub-clause (1) hereof. If the Lessee objects
to any such instruction on the ground that it is unreasonable it may
within fourteen days from the date upon which the same was given
refer the matter to arbitration in manner provided by Clause 63
(Arbitration) of this Schedule.
44. The Lessee shall use methods and practice customarily used Provision of
in good oilfleld practice for confining the petroleum obtained from storage
the leased area in tanks gasholders pipes pipelines or other recep- tnaks, pipes,
tackles constructed for that purpose. No petroleum shall, save as a pipe-lines
temporary measure during an emergency, be placed or kept in an retacles.
earthen reservoir.
45. The Lessee shall drain all waste oil, salt water and refuse Disposal of
from tanks gasholders boreholes and wells into proper receptacles waste oil,
constructed and maintained by it for that purpose at a safe distance salt water
from such tanks gasholders boreholes and wells and from any build- and refuse.
ings or structures whether situate within the leased area or not and
shall dispose of such waste oil salt water and refuse in manner from
time to time approved by the Board.
46. The Lessee shall keep accurate records in a form from time Lessee to
to time approved by the Board of the drilling deepening plugging keep records
or abandonment of all boreholes and wells and of any alterations to f bore-
the casing thereof. A log of all boreholes and wells shall be kept holes.
in a form from time to time approved by the Board containing par-
ticulars of the following matters:












(a) the strata and subsoil through which the borehole or
well was drilled; and
(b) the casing inserted in any borehole or well and any al-
teration to such casing; and
(c) any petroleum workable minerals or mine workings en-
countered; and
(d) such other matters as the Board may from time to time
require.
The Lessee shall deliver copies of the said records and log to
the Board as and when required.
Lessee to 47. The Lessee shall as far as reasonably practicable correctly
keep sam- label and preserve for reference for a period of twelve months char-
ples of acteristic samples of the strata recovered from any borehole or well
strata, pe-
troleum and and samples of any petroleum discovered in the leased area. And
water. the Board or its representative shall have access to such samples at
all reasonable times and shall be entitled to require that representa-
tive specimens not exceeding one half of any such sample be de-
livered to it and to retain any specimen so delivered.
Plans and 48. (1) The Lessee shall furnish to the Board at such times as
records, the Board may appoint during the term hereby granted or any re-
newal thereof, a record in a form from time to time approved by the
Board of the progress of its operations in the leased area. Such
record shall contain:
(a) a statement of the depth drilled in each borehole or
well; and
(b) a statement of any petroleum, workable minerals or
mine workings encountered in the course of the said opera-
tions; and
(c) a statement of all crude oil and casinghead petroleum
spirit won and saved; and
(d) a statement of the areas in which any geological or
geophysical work has been carried out.
(2) Within two months after the end of each calendar year
comprised in the term hereby granted or any renewal thereof the
Lessee shall furnish to the Board a record in a form from time to
time approved by the Board of the operations conducted in the leased
area during the preceding calendar year, together with a plan upon
a scale approved by the Board showing the situation of all bore-
holes or wells and indicating all development and other works
executed by it in connection with searching, boring for and getting
petroleum.
(3) The Lessee shall also keep accurate geological plans maps
and records relating to the leased area.
(4) The Lessee shall furnish to the Board such plans and in-
formation as to the progress of operations in the leased area as the
Board may from time to time reasonably require.












49. All logs records plans maps accounts and information which Reports to
the Lessee is or may be from time to time required to furnish under be treated
the provisions of this Lease shall be supplied at the expense of the as confl-
Lessee and shall (except with the consent in writing of the Lessee dental.
which shall not be unreasonably withheld) be treated by the Board
as confidential. The Board shall nevertheless be entitled at any
time to make use of any information received from the Lessee for
the purpose of preparing and publishing aggregated returns and gen-
eral reports on the extent of oil prospecting or oil mining operations
in the Colony and for the purposes of any arbitration or litigation
between the Board and the Lessee.

PART VIII. THE BOARD'S COVENANTS.
50. The Lessee paying the rents and royalties hereby reserved and For quiet
observing and performing the covenants and provisions herein con- enjoyment.
trained and on its part to be observed and performed, shall and may
peaceably and quietly hold and enjoy the rights and privileges here-
by demised for and during the term hereby granted without any
lawful interruption from or by the Board or any person rightfully
claiming from or under it.

51. The Lessee having paid the several rents and royalties due Renewal.
and having observed and performed the terms and conditions herein
contained shall be entitled, on giving to the Board not less than
twelve months' previous notice in writing in that behalf not more
than two years nor lers the (cre ,yea:r before the termination cf thb'
term hereby granted, to a renewal of this Lease in respect of the
whole of the said area or any part thereof which complfes with any
written Law or Regulation for the time being in force for a further
term of thirty years from the expiration of the said term upon the
terms and conditions contained in any written Law or Regulation
then in force relating to oil mining leases in the Bahamas, or, if
there shall no: be any .ri-s srn! conditions as aforesaid, upon the
terms and conditions of the present lease (other than this present
clause). Provided that, in the event that the rate of royalty payable
by the Lessee under the said lease so renewed cannot be precisely
determined under any written Law or Regulation, such rate of royalty
shall be fixed by agreement between the Board and the Lessee or,
in default of such agreement, shall be the rate of royalty payable in
accordance with the provisions of the present Lease increased by
25% of such rate.

(2) In this Clause the expression "rate of royalty" includes cer-
tain yearly rents, within the meaning of Clause 16(1) hereof.

52. Without prejudice to any obligation imposed by or any Right of
liability theretofore incurred under the terms and conditions hereof Lessee to
the Lessee may at any time during the term hereby granted or any determine
renewal thereof determine this Lease by giving to the Board not Lease.
less than twelve months' previous notice in writing to that effect.












Right of
Lessee to
abandon
portions
of the said
lands.















Power to
inspect
plant rec-
ords, ac-
counts, etc.



















Unit of
develop-
ment.


53. Without prejudice to any obligation imposed by or any
liability theretofore incurred under the terms and conditions hereof
the Lessee shall be entitled at any time during the term hereby
granted or any renewal thereof by giving six months' notice in writ-
ing to the Board to surrender the rights granted by this Lease in
respect of any part or parts of the leased area. Provided that:-
(a) the part of the leased area in respect of which the said
rights are retained shall comply with The Petroleum Act
1945 and the Regulation made thereunder in force at the
date of the Oil Exploration Licence pursuant to which Lessee
initially acquired the right to explore the leased area as to
the shape and size of areas in respect of which an oil mining
lease may be granted; and
(b) the part of the leased area in respect of which the said
rights are surrendered shall either be an area in respect of
which an oil mining lease could be granted in accordance
with said Act and the Regulations or be of such shape and
size as the Board and the Lessee may determine.
PART IX. GENERAL PROVISIONS.
54. Any person or persons authorized by the Board shall be en-
titled at all reasonable times to enter into and upon any land or
submarine area for the time being possessed or occupied by the Lessee
in the leased area for the purposes hereinafter mentioned:
(a) to examine the boreholes wells plant appliances build-
ings and works made or executed by the Lessee in pursuance
of this Lease and the state of repair and condition thereof;
and
(b) to inspect and check the accuracy of the weighing or
measuring appliances weights measurements logs records
plans and maps which the Lessee is required to keep or make
in accordance with the provisions of this Lease; and
(c) to inspect and make abstracts or copies of ar.y logs
records plans maps or accounts which the Lessee is required
to keep or make in accordance with the provisions of this
Lease; and
(d) to inspect the samples of strata and petroleum which the
Lessee is required to keep in accordance with the provisions
of this Lease; and
(e) to execute any works which the Board may be entitled
to execute in accordance with the provisions of this Lease.

55. If at any time during the term hereby granted or any re-
renewal ihereof the Board shall be satisfied that the leased area or
any part thereof forms part of a single geological petroleum structure
or petroleum field (hereinafter referred to as "an oil field") in re-
spect of other parts of which other oil mining leases are then in
force and the Board shall consider that it is in the interest of the
Colony in order to secure the maximum ultimate recovery of petro-
leum and to avoid unnecessary competitive drilling that the oil field
should be worked and developed as a unit in co-operation by all












the companies, including the Lessee, whose leases extend to or include
any part thereof, the following provisions shall apply:
(1) (a) The Lessee shall upon being so required by notice in
writing by the Board co-operate with such other companies,
being companies holding oil mining leases in respect of any
part or parts of the oil field (hereinafter referred to as "the
other Lessees"), as may be specified in fhe said notice in t!".
preparation of a scheme (hereinafter referred to as "a de-
velopment scheme") for the working and development of the
oil field as a unit by the Lessee and the other Lessees in co-
operation, and shall, jointly with the other Lessees, submit
such scheme for the approval of the Board;
(b) The said notice shall also contain a description by ref-
erence to a map of the area or areas in respect of which the
Board requires a development scheme to be submitted and
shall state the period within which such scheme is required
to be submitted for approval by the Board.
(2) If a development scheme shall be submitted to the Board
within the period limited in that behalf by the said notice, or, if a
development scheme submitted in pursuance of the foregoing pro-
visions of this Clause shall not be approved by the Board, the Board
shall prepare a development scheme which shall be fair and equit-
able to the Lessee and the other Lessees and the Lessee shall per-
form and observe all the terms and conditions thereof.
(3) If the Lessee shall object to any such development scheme
prepared by the Board it may within 28 days from the date on which
notice in writing of the said scheme shall have been given to it by
the Board refer the matter to arbitration as provided in Clause 63
(Arbitration) of this Schedule. Notwithstanding any such reference
to arbitration the Lessee shall, unless the arbitrator otherwise de-
termines perform and observe the terms and conditions 'of the de-
velopment scheme pending the decision of the arbitrator.
56. In the event of a state of national emergency or war (of the In the event
existence of which the Governor-in-Council shall be the sole judge) of state of
emergency
(1) The Governor-in-Council shall have the right of pre-emption or war
of all crude oil gotten under this Lease and of all the products there- Governor to
have right
of and shall have the right to require the Lessee to the extent of of pr-emp-
any refinery capacity it then may have in the Colony to produce tion.
therein oil fuel that shall comply with the Admiralty specification
at the time of the construction of the refinery provided that the said
crude oil be of a suitable kind and quality for this purpose.
(2) The Lessee shall use its utmost endeavour to increase so far
as reasonably possible with existing facilities the supply of crude oil
and/or products thereof to the extent required by the Governor-in-
Council.
(3) The Lessee shall with every reasonable expedition and so as
to avoid demurrage on the vessel or vessels engaged to convey the












same, do its utmost to deliver with then existing facilities all crude
oil or products thereof purchased by the Governor-in-Council under
his said right of pre-emption in the quantities at the time and in
the manner required by the Governor-in-Council at a convenient
place of shipment or storage in the Colony served by then existing
facilities to be determined by the Governor-in-Council whether be-
longing to the Government or otherwise. In the event of a vessel
employed to carry any such crude oil or products thereof on behalf
of Her Majesty being detained on demurrage at the port of loading,
the Lessee shall pay the amount due for demurrage according to the
terms of the charter party and/or the rates of loading previously
agreed with the Lessee unless the delay is due to lack or insufficient
quantity of crude oil or the products thereof or to lack or inadequacy
of existing facilities or to other cause beyond the control of the
Lessee. Any dispute which may arise as to whether the delay is
due to the causes aforementioned or the other causes beyond the
control of the Lessee shall be settled by agreement between the Gov-
ernor-in-Council and the Lessee and in default of such agreement
the question shall be referred to arbitration as provided in Clause
63 (Arbitration) of this Schedule.
(4) The price to be paid for all crude oil or products of the
refining or treatment of crude oil taken in pre-emption by the Gov-
ernor-in-Council shall be either:-
(a) as specified in a separate agreement; or
(b) if no ruch agreement shall have been entered into prior
to the exercise of the right of pre-emption a fair market
price for the time being at the point of delivery as the same
shall be settled by agreement between the Governor-in-
Council and the Lessee or in default of such agreement by
arbitration in manner provided by the last preceding sub-
clause.
To assist in arriving at a fair market price at the point of de-
livery the Lessee shall furnish for the confidential information of
the Governor-in-Council if so required, or voluntarily if it so elects
particulars of the quantities, descriptions and prices of crude oil or
products sold to other customers and of charters or contracts en-
tered into for carriage and exhibit to the Governor-in-Council
original or authenticated copies of contracts or charter parties en-
tered into for the sale or carriage of such oil or products and the
published market prices for crude oil and oil products of similar kind
and quality at United States of America Gulf Coast ports.
(5) The Governor-in-Council shall be at liberty to take con-
trol of the works plant and premises of the Lessee in the Colony
and in such event the Lessee shall conform to and obey all directions
issued by the Governor-in-Council or on his behalf. Compensation
shall be paid to the Lessee for any expense loss or damage, including
loss of prospective profits, that may be proved to have been sustained
by the Lessee by reason of the exercise by the Governor-in-Council
of the powers conferred by this sub-clause. Any such compensation












shall be settled by agreement between the Governor-in-Council and
the Lessee or, in default of agreement, by arbitration in manner pro-
vided by sub-clause (3).
57. If the Lessee shall at any time fail to perform the obliga- Power to
tions arising under the terms and conditions of any of the under- execute
mentioned Clauses of this Schedule: works.
(a) Clause 20 (Measurement of petroleum obtained from the
said lands);
(b) Clause 39 (Abandonment and plugging of boreholes);
(c) Clause 40 (Delivering up of productive boreholes and
wells, etc., in good order);
(d) Clause 41 (Plugging of boreholes on determination of
Lease, etc.);
(e) Clause 42 (Health and Safety of workers and employees);
(f) Clause 43 (Avoidance of harmful methods of working);
(g) Clause 44 (Provision of storage tanks, pipes, pipe-lines or
other receptacles);
(h) Clause 45 (Disposal of waste oil, salt water and refuse);
then and in any such case the Board shall be entitled to execute
any works which in the opinion of the Board or its agents may
be necessary to secure the performance of the said obligations or
any of them and to recover the reasonable and necessary costs and
expenses of so doing from the Lessee. Provided always that the
aforesaid power shall not be exerciseable unless and until written
notice has been given to the Lessee specifying the particular breach
complained of and if the breach is capable of remedy, requiring the
Lessee to remedy the breach or if it be incapable of remedy requir-
ing the Lessee to make fair and reasonable compensation in money
for the breach and the Lessee fails within a reasonable time to
commence and thereafter proceeds diligently to remedy the breach if
it is capable of remedy or to make fair and reasonable compensation
to the satisfaction of the Board if the breach is incapable of remedy.
58. If and whenever any of the rents or royalties reserved by Rights of
this Lease or any part thereof respectively shall be in arrear or un- distress.
paid for the space of two calendar months next after any of the
days whereon the same ought to be paid (whether the same shall
have been legally demanded or not) then and so often as the same
may happen the Board may (as an additional remedy and without
prejudice to the power of distress and other rights and remedies to
which it would be entitled) following written notice to Lessee enter
into and upon any of the leased area which shall for the time
being be possessed or occupied by the Lessee for the purposes of
'his Lease or tl:c exercise ou any of tne rights thereby granted and
may seize and distrain and sell as landlords may do for rent in arrear
all or any of the stocks of petroleum and products thereof live and
dead stock engines machinery tools implements chattels and effects
belonging to the Lessee which shall be found in or upon the leased
area so entered upon and out of the moneys arising from the sale












of such distress may retain and pay all the arrears of the said rents
and royalties and also the costs and expenses incident to any such
distress and sale rendering the surplus (if any) to the Lessee:

Power of 59. If, and whenever the rents and royalties reserved by this
revocation. Lease or any part thereof shall be in arrear for the space of six
calendar months next after any of the days thereof the same ought
to have been paid or if there shall be any breach or non-observance
by the Lessee of any of the terms and conditions of this Lease or if
the Lessee shall become bankrupt or make or enter into any arrange-
ment or composition with its creditors or if a Receiver or Trustee
shall be appointed or the Lessee shall enter into liquidation whether
compulsory or voluntary (except a voluntary liquidation of a sol-
vent company for the purpose of reconstruction) or if the Lessee shall
fail to perform and! observe t;'e terms and conditions of any develop-
ment scheme prepared in accordance with the provisions of Clause
55 (Unit development) of this Schedule then and in any such case
the Board may revoke this Lease and thereupon the same and all
the rights hereby granted shall cease and determine but subject
nevertheless and without prejudice to any obligation imposed by or
any liability theretofore incurred under the terms and conditions
of this Lease. Provided always that save as to the non-payment of
rents or royalties the aforesaid power shall not be exerciseable unless
and until written notice has been given to the Lessee specifying the
particular breach complained of and if the breach is capable of
remedy, requiring the Lessee to remedy the breach and, if it be in-
capable of remedy requiring the Lessee to make fair and reasonable
compensation in money for the breach, and the Lessee fails, within
a reasonable time to commence and thereafter proceeds diligently to
remedy the breach if it is capable of remedy, or to make fair and
reasonable compensation in money, to the satisfaction of the Board
if the breach be incapable of remedy.

Power to 60. Subject to the provisions of Clause 40 (Delivering up of pro-
Lessee to ductive boreholes and wells, etc., in good order) of this Schedule the
remove Lessee may, provided that all rents, royalties and other impositions
plant, etc. payable by it by virtue of these presents have been paid and that
all the covenants and conditions herein contained have been ob-
served and performed, at any time or times within six calendar
months after the determination of this Lease or any renewal there-
of whether by effluxion of time or otherwise enter into and upon the
leased area or any part thereof for the purpose of taking ,lown,.
removing and disposing of, for its own use and benefit all or any of
the buildings, works, railways, pipe-lines, machinery, utensils, imple-
ments, articles and things set up and used or employed by it in or
about the leased area which the Board shall not have elected to
purchase under the provisions of Clause 61 (Power to purchase plant,
etc.) of this Schedule (except buildings and erections of brick stone
or concrete) making reasonable compensation for all damage done
to the leased area by such removal.












61. If at the expiration or sooner determination of this lease or Power to
any renewal thereof the Board shall be desirous of purchasing all purchase
or any of the buildings, works, railways, pipe-lines, machinery, plant, etc.
utensils, implements, articles or things constructed set up or used or
employed by the Lessee in or about the leased area and shall signify
such desire by notice in writing to the Lessee six calendar months
at least before the expiration of this Lease (or if this Lease shall
be determined under the power of revocation hereinbefore contained
at any time within three calendar months after the determination
of this Lease) the Lessee shall sell to the Board the articles and
things specified in such notice at a price representing their fair mar-
ket value which price failing agreement shall be fixed by arbitration
as provided in Clause 63 (Arbitration) of this Schedule.
62. (1) Failure on the part of the Lessee to fulfil any of the Force
terms and conditions of this Lease shall not give the Board any majeure.
claim against the Lessee or be deemed a breach of this Lease in so
far as such failure arises from force majeure and if through force
majeure the fulfilment by the Lessee of any of the terms and con-
ditions of this Lease be delayed the period of such delay shall be
added to .he periods fixed by this Lease.
(2) In this Clause the expression "force majeure" include any
act of God, war or conditions arising out of or attributable to war,
insurrection, riot, civil commotion tide, storm, tidal wave, flood, light-
ning, explosion fire, earthquake inability to obtain necessary ma-
terials, equipment or labour and any other happening which the
Lessee could not reasonably prevent or control.
63. If at any time during the continuance of this Lease or after Arbitration.
the determination thereof any question or dispute shall arise regard-
ing this Lease or any matter or thing connected therewith or the
powers duties obligations or liabilities of the Lessee hereunder or the
amount or payment of any rent or royalty then and in all such cases
the matter in difference shall be referred to arbitration in accord-
ance with the provisions of The Arbitration Act 1889 or any Act pass-
ed in amendment thereof or substitution therefore.
64. The marginal notes are for convenience only and do not form Marginal
part of this Lease. Notes.

PART X.
65. For the purpose of this Lease:- Interpreta-
(1) "Lessee" means a company to which an oil mining lease tion.
is granted and its assigns;
(2) "Petroleum" includes any mineral oil or relative hydro-
carbon and natural gas existing in its natural condition in
strata and bitumen and asphalt but does not include coal or
bituminous shales or other stratified deposits from which oil
can be extracted by destructive distillation;
(3) "Crude oil" means oil in its natural state before the same
has been refined or otherwise treated but excluding water
and foreign substances;












(4) "Natural gas" means gas obtained from boreholes and
wells and consisting primarily of hydrocarbons;
(5) "Caslnghead petroleum spirit" means any liquid hydro-
carbons obtained from natural gas (before the crude oil from
which it is derived has been measured for royalty) by sepa-
ration or by any chemical or physical process;
(6) "Her Majesty's dominions" shall be deemed to include
British Prctec~crate. and protected States and territories in
respect of which a Mandate on behalf of the League of Na-
tions has been accepted by Her Majesty or a trusteeship on
behalf of the United Nations has been accepted by Her
Majesty;
(7) "British subject" shall be deemed to include a person
under Her Majesty's protection;
(8) "Governor" has the meaning assigned to it by The In-
terpretation Act being Chapter 1 of The Revised Laws of the
Bahama Islands.
THE SCHEDULE MARKED B ABOVE REFERRED TO.
Bond in Respect of Oil Mining Lease
KNOW ALL MEN BY THESE PRESENTS THAT WE
of
and
of
are held and firmly bound to the Treasurer of the Colony of Ba-
hamas and his Successors in Office In the sum of ..................
pounds of good and lawful money of the Colony to be paid to the said
Treasurer and his Successors in Office for which payment to be
well and truly made we bind ourselves and each of us our heirs
executors and administrators jointly and severally by these presents.
Dated this .................... day of ................... 19 ..
WHEREAS by indenture of even date herewith and made between
The Petroleum Board of the one part and the said.................
........ of the other part all or any petroleum lying or being within
under or throughout these lands and/or submarine areas lying and
being ................ and containing an area of ................
or thereabouts and delineated in the plan attached to the said In-
denture was demised unto the said .................. subject to the
terms conditions and covenants therein contained;
AND WHEREAS the said ..................... ..................
hath agreed to become surety for the due performance by the said
, ....................................... of all and several the
covenants matters and things under the said Indenture to be by
it performed and done;
NOW the condition of the above-written bond or obligation is
such that if the sd.id ................... shall well and truly observe
and perform all and every the covenants and agreements by it to be
observed and performed as hereinbefore mentioned and shall in a
proper and workmanlike manner do all and every the acts matters
and things by it to be done under the said Indenture to the satisfac-
tion of the Board THEN the above-written bond or obligation shall
be void otherwise the same shall remain in full force and effect.


















SUPPLEMENT TO THE


OFFICIAL GAZETTE


BAHAMAS

PUBLISHED BY AUTHORITY
NASSAU NOVEMBER 4th, 1954 32

NO. 170.
The sub-joined Order in Council made under The Tariff Acu
1939 (Ch. 26 of 1939) is published for general information.
M.P. 10354.
ORDER IN COUNCIL
MADE UNDER
THE TARIFF ACT 1939
(Ch. 26 of 1939).
In exercise of the powers conferred upon the Governor in
Council by section 9(1) of the Tariff Act 1939, the following Order
is hereby made:-
1. This Order may be cited as the Customs Duties (Bananas)
Order 1954.
2. The duties of Customs on bananas shall be increased to the
maximum as set out in the maximum column of Part I of the
Second Schedule to the Tariff Act, 1939 in respect of item 2.
Ordered in Council this first day of November, 1954.
MARGARET de GREGORY,
Acting Clerk to the Executive Council.



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