• 8. (1) Where territorial lands have been inspected and appraised by a valuator appointed by the Minister and the value of the lands is less than $32,000, the lands may be sold by the Minister for not less than the greater of the appraised value and $200.

• (2) Payment for territorial lands shall be made by

  • (a) payment in full at the time of sale; or

  • (b) payment of

    • (i) not less than 20 per cent of the purchase price at the time of sale and the balance of the purchase price in equal consecutive annual instalments over a period not exceeding five years, and

    • (ii) interest at the rate prescribed by the Act.

• 9. (1) The survey of all unsurveyed territorial lands shall be in accordance with the instructions of the Surveyor General and the cost thereof shall be paid by the purchaser.

• (2) Letters patent for territorial lands shall not be issued until a plan of survey thereof has been approved and confirmed by the Surveyor General and registered in the appropriate land titles office.

10. Every lease of territorial lands shall be for a term of not more than 30 years, but the Minister may grant a renewal of the lease for a further term not exceeding 30 years.

• 11. (1) The annual rental payable under any lease other than a grazing lease shall be not less than 10 per cent of the appraised value of the lands leased.

• (2) The rental payable under a grazing lease shall be not less than the greater of

  • (a) $0.25 per hectare per year, and

  • (b) $50 per year.

• (3) The rental payable under any lease other than a grazing lease shall be not less than $150 per year.

12. Every lease of territorial lands shall contain, in addition to such terms and conditions as the Minister may deem necessary, a reservation of

• (a) all mines and of all minerals whether solid, liquid or gaseous which may be found to exist within, upon, or under such lands together with the full powers to work the same and for that purpose to enter upon, use and occupy the lands or so much thereof and to such an extent as may be necessary for the effectual working and extracting of the said minerals;

• (b) the rights of the recorded holders of mineral claims and any other claims or permits affecting the lands;

• (c) all timber that may be on the land;

• (d) the right to enter upon, work and remove any rock outcrop required for public purposes;

• (e) such right or rights-of-way and of entry as may be required under regulations in force in connection with the construction, maintenance and use of works for the conveyance of water for use in mining operations; and

• (f) the right to enter upon the lands for the purpose of installing and maintaining any public utility.