Regulations to govern prospecting for and mining of metalliferous minerals on unallotted lands of Indian reservations.

  • United States. Department of the Interior.
Date:
[1924]
Catalogue details

Licence: Public Domain Mark

Credit: Regulations to govern prospecting for and mining of metalliferous minerals on unallotted lands of Indian reservations. Source: Wellcome Collection.

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    recorded, the lessee shall execute a release, and record the same in the proper county recording office, and file the release with the officer in charge. _ 18. Each lessee will be required to pay a royalty on production computed on the net value of the output of the minerals at the mine, payable at the end of each month. The law provides that this royalty shall not be less than 5 per cent, but in view of the impossibility of fixing in advance by regulation the exact royalty to be imposed upon the different minerals found, varying in value and in conditions under which they are mined, the royalty governing each lease will be fixed and determined prior to the issuance of each lease and incorpo- rated therein. The term used in the law, “net value of the output of the minerals at the mine,” is construed to mean the amount received for the ores, concentrates, or bullion derived therefrom, less the cost of transportation and treatment necessary for the sale of said ores, concentrates, or bullion. 14. In addition to the royalty on production the lessee shall pay advance annual rental of 25 cents per acre for the first year, 50 cents per acre for the second and third years, 75 cents per acre for the fourth and fifth years, and $1 per acre for each year thereafter during the life of the lease, the rental for any one year to be credited against the stipulated royalties accruing for that year. It will also be necessary for the lessee to expend annually in development work on or for each location the sum of not less than $5 per acre, the total amount to be not less than $100 for each location, which expenditures, if benefiting or developing a group of contiguous claims included in a lease, may be made upon any one or more of such claims. 15. Each lessee shall keep proper and true books of account of all his production, expenditures for what.purpose expended, giving re- ceipts in full. The books shall show the amount of ore mined, the cost of mining same, the amount of ore shipped, or other substances sold or treated, each month, and the amount of money received or re- ceivable from the sale of ores, etc. The books of the lessee shall be open to inspection, examination, and verification by any officer of the Interior Department assigned to such duty by the Secretary of the Interior, and the duly authorized agents of the United States shall be permitted freely to make copies of all the accounts and other books of the lessee. All royalties due under the lease shall be paid to the officer in charge of the reservation in. cash, or by certified check or other suitable form of exchange, and at time of payment each lessee must file with said officer a sworn statement showing the amount of ore mined during the preceding month, the amount of ore shipped or sold, and the amount received. therefor. Lessee must also file with the officer in charge within 20 days after the reduction of the ores a duplicate of all mill and smelter returns and of the receipted bills