262 



Ajyp&ndix A. 



Forfeiture of 

 coacession and 

 security. 



deposit the estimated cost of survey, his application shall be deemed 

 to be abandoned and all fees paid in connection therewith shall be 

 forfeited, and any other application may be proceeded with as if such 

 application had never been made, and notice shall be published by 

 the Commissioner in the Gazette to the effect that the application 

 has been abandoned. 



43. If the holder fails to comply with any of the conditions 

 of his Concession or of any of the Regulations in connection thei'ewith, 

 the Governor-in-Council may cancel the same, and thereupon all the 

 rights thei'eunder of the holder and all persons claiming under him 

 shall cease and determine and any moneys deposited as aforesaid 

 shall be forfeited and any moneys secured by any bond shall forth- 

 with become due and payable and the holder shall forthwith return 

 the Concession to the Commissioner. 



General right 

 to transfer 

 licences, etc. 



Form No. 8. 



Requisites of 

 purchase and 

 transfer. 



PART, V. 



Purchase and Transfer of Concessions and Licences. 



44. — (1) The holder of a Concession or Licence shall be entitled 

 to transfer his rights thereunder, either wholly or in part, to any 

 other peison in the manner hereinafter provided. 



(2) On receiving notice of any intended transfer in Form No. 8 

 in the First Schedule to these Regulations, the Commissioner shall 

 cause the same to be published in the Gazette for three successive 

 Saturdays in order to allow of any opjjosition to such transfer being 

 entered as hereinafter provided. 



(3) Every person desiring to object to such transfer on the 

 ground that he has any right, interest or title in or to the Concession 

 or Licence about to be transferi'ed shall proceed in the manner pro- 

 vided by Regulation 13 as to objections to the issuing of licences. 



(4) If any person objects to such transfer on the ground that 

 he is a creditor for a liquidated sum of the person proposing to 

 transfer the same, the Commissioner shall not approve of such transfer 

 until the opposer has had an opportunity of enforcing his claim by 

 legal proceedings : Provided always that if such j^roceedings are 

 not commenced within one week after the opposition is entered or 

 if within twenty-one days after obtaining judgment in these 

 proceedings a levy has not been made on the Concession or Licence 

 of which the transfer has been opjiosed, the Commissioner shall no 

 longer withhold his approval : 



Provided that nothing in this Regulation shall be constiued to 

 give the holder of any Concession, containing any condition forbidding 

 or limiting the right of transfer, any right to transfer in contravention 

 of such condition. 



45. — (1) If 110 opposition is entered tn an intended transfer or 

 anv opposition entered is removed the Commissioner shall record the 

 transfer and shall note on the Concession or Licence the fact of such 

 transfer. 



(2) Every transferee shall give in writing to the Commissioner 

 an address in Georgetown to be called a " registered address " at 

 which all notices or other process may be sei'ved. 



