The New Mining Regulations for the Empire of China (Sanctioned By Imperial Rescript 17th March 1902) : Together With a Short Criticism On Them And a Proposed New Mineral Mining Law for the Empire of China
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[ 9 ] 18.— After the opening of a mine, accounts shall be made' up at the end of each year. If after due provision has been made in the matter of repayment of capital and the pay- ment of interest there should be any surplus remaining, twenty-five per cent, thereof shall be paid to the Imperial' Government as a Royalty. 19. — Mines already opened and mines that have already received sanction to be opened previous to the drawing up of the above regulations shall be permitted to work in ac- corda...nce with their original articles of agreement except as regards Regulation 6 of these presents, as a mark of good- faith. Hereafter Chinese or Foreign merchants desiring tcr work mining concessions must observe the new regulations- as set down in these presents. Should anything occur that may not have been provided for in these regulations due- additions or erasions will be made in oi'der to best suit the- condition of things. Imperial Rescript :— " Let it be as recommended." PROPOSED NEW MINERAL LAWS [The word "Mineral" shall mean all valuable deposits of Gold, Silver, Platinum, Iridium, Jlercurv, Lead, Copper.
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