APPROPRIATION ACT NO. 9, 1966APPROPRIATION ACTSTeslin Exploration Limited OrderOrder Authorizing the Minister of Indian Affairs and Northern Development to Consent to the Transfer of Certain Territorial Coal Licences and to Postpone the Repayment of Amounts Payable Under the Northern Mineral Exploration Assistance RegulationsP.C. 1974-156119747
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His Excellency the Administrator in Council, on the recommendation of the Minister of Indian Affairs and Northern Development, pursuant to Vote No. 7a of Appropriation Act No. 9, 1966, is pleased hereby to make the annexed Order authorizing the Minister of Indian Affairs and Northern Development to consent to the transfer of certain Territorial Coal Licences and to postpone the repayment of amounts payable under the Northern Mineral Exploration assistance regulations.Short TitleThis Order may be cited as the Teslin Exploration Limited Order.InterpretationIn this Order,Minister means the Minister of Indian Affairs and Northern Development; (Ministre)Regulations means the Northern Mineral Exploration Assistance Regulations. (règlement)Consent to TransferNotwithstanding paragraph 11(c) of the Regulations, the Minister may consent to the transfer by Teslin Exploration Limited of Territorial Coal Licences numbered 10, 11 and 12 to Vittorio Ghitti.Postponement of RepaymentNotwithstanding paragraph 11(e) of the Regulations, and subject to section 5 of this Order, the obligation to repay to Her Majesty in right of Canada the balance of the grant paid to Teslin Exploration Limited pursuant to the Regulations together with simple interest thereon at the rate of 10 per cent per annum is postponed until the disposition of Territorial Coal Licences numbered 10, 11, 12, 15, 16 and 17.UndertakingTeslin Exploration Limited shall give a written undertaking to repay to Her Majesty in right of Canada the balance of the grant owing under the Regulations together with simple interest thereon at the rate of 10 per cent per annum out of any of Territorial Coal Licences numbered 10, 11, 12, 15, 16 and 17.