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Mines.
Capitalization of Moiety of net Produce of Mines.
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2. From and after the passing of this Act One Moiety of the net annual Income of the Land Revenue of the Crown received by the Commissioners of Woods in respect of any Coal, Ironstone, or Mineral, Stone, Slate, Clay, Gravel, Sand, or Chalk, or of any Substance obtained by mining, quarrying, or excavating, shall be carried to the Account of the Capital of the Land Revenue of the Crown, and the Residue of the net Amount received from the Sources in this Section mentioned shall be carried to the Account of the Income of such Land Revenue.
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For the Ascertainment of such net Income as aforesaid there shall be deducted from the gross Amount received such Sum as the Commissioners of the Treasury from Time to Time think fit in respect of the Salary and Expenses of the Crown Mineral Inspector and Expenses of local Management, and for the Purposes aforesaid the Commissioners of Woods shall keep a separate Account (in such Form as the Commissioners of the Treasury from Time to Time direct) to be called “The Mines Account,” which Account shall include all Receipts, and Outgoings in respect of the Sources of Revenue in this Section mentioned, and which Account shall show the respective Amounts to be from Time to Time carried under this Section to the Capital and to the Income of the Land Revenue of the Crown.
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