Minerals Development Act, 1940

Right of Minister to work and dispose of State minerals.

30.—(1) It shall be lawful for the Minister, with the consent of the Minister for Finance, at any time, subject to the terms of any lease, licence, or permission granted by him under this Act, to work State minerals, wherever they are situate, and to sell or otherwise dispose of the minerals obtained by such working.

(2) Whenever the Minister sells or disposes of minerals under this section, the proceeds of such sale or disposal shall be paid into or disposed of for the benefit of the Exchequer in such manner as the Minister for Finance shall direct.