WATER POWERS 
J0 
2. The annual rental to be charged for the use of Crown lands occupied, 
during the whole term of the lease, in accordance with the accepted 
bid or tender. 
3. An annual royalty of fifty cents or more per horse-power developed, 
based upon the maximum installed capacity. In recent cases an 
additional royalty of fifty cents per horse-power may be charged on 
the amount of power permitted to be exported out of the province. 
4. The times when the royalty is to be revised, usually every ten vears, 
and the procedure in case of disagreement. 
5. A money guarantee to be deposited by the lessees and to be returned 
to him when the initial development is completed. 
6. The amount of power which is to be produced within a given time. 
Usually two years are allowed within which the works are to be begun, 
and two years more for their completion. 
7. Conditions for sale of surplus power. 
8. Special tariff to be charged for surplus or additional water due to storage. 
0. The lease may be cancelled by the Lieutenant-Governor in Council 
without legal proceedings. 
fa) for non-payment of rental or royalties: 
b) for neglect or failure to carry out conditions of lease. 
In the latter case the lessee is given three months after due notice 
n which to make good his default. 
10. When the lease terminates or is cancelled, the power and lands covered 
by the lease revert to the Crown, together with all works, buildings 
and immovable property thereon, without compensation. The lessee 
is to be given a reasonable time in which to remove his machinery, 
failing which, this also becomes the property of the Crown without 
compensation. In certain cases a clause has been inserted in the 
lease to provide for an appraisal at the end of the term, and payment 
by the Government of compensation for at least part of the works. 
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