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SPECIFICATION OF TAXES, DUTIES, JEC.:
*
RENTS AND ROYALTIES.
•RENTS OF GOVERNMENT LANDS AND BUILDINGS
LEASED A N D LET TO INDIVIDUALS.
' LICENCE TO SINK WELLS ON GOVERNMENT LANDS ..
AUTHORITY.
Mining
5 paras per annum per
donum ' recoverable
within the year to
which it relates.
" ' C.3. 321/98. '
I The Ottoman Mines
L Regulations Law of 2
[Shaban.' IMS, Art. 40
J and 43.
• '• -
.'- •• ROYALTIES...'..-
-*-,.*-'. -
ORIGINAL MINES.
Mineral deposits containing gold, sUver, platinum, mercury, lead, iron, copper, tin,
ono, bismuth, cobalt, nickel, chrome, arsenic, manganese, antimony, aluminium, sulphur,
orpiment, alum, coal of various descriptions, bitumen, naphtha, petroleum and any other
analogous substances, and precious stones of any kind whatsoever:
Proportional duties from the annual product without deducting the expenses
1 per cent.-5 per cent, (a)
If taken from the pure mineral substances after the same have been smelted and
liquified, the costs of smelting and liquifying shad be deducted.
Emery and meerschaum : Duty to befixedaccording to the mine.
Government is at liberty to take mining duties in kind or in money according to the
current prices of the time.
The proportional duties are recoverable in the following year by instalments.
QUARRIES AND MINES OTHER THAN ORIGINAL MINES.
5 per cent, of value (6)
3cp. per ton (c)
4_\cp. per ton
3s. 4icp. per ton
4._c\i. per cubic yard
44cp. per ton
5 per cent, of value
Asbestos whether in the rough or clean
Gypsum and gypsum stone
Lime and lime stone
Terra umbra, whether raw, calcined or levigated
Stone quarried from State lands
Shingle and sand
Any other mineral substance
AU 3uch Royalties are assessed and collected by the Customs Authorities at the
Port of shipment. The Customs Authorities are empowered in the event of the value of
any mineral being in their opinion insufficiently or incorrectly declared to demand and
take in respect of the said mineral the above Royalty or any part thereof in kind instead
of in cash.
OIL.
Rate of royalty to be provided in licence.
* MINING FEES.
On issue of a lease for the working of a mine :—
Fee of 50-200 Turkish liras (£45-£180) according to grade and importance of
mine.
On issue of a smelting permit:—
Fee of 10-50 Turkish liras (£9-£45) according to the importance of the smelting
house, etc.
Ground Fee, 5 paras per annum per donum of 1,(500 architectural square pics
*
INTEREST ON GOVERNMENT MONEYS.
Interest ac the rate of oue and a half per cent, below Bank of England rate per annnm
subject to a minimum of 2 % on tbe daily Balance of the Government General Account at
the Ottoman Bank.
Interest on investments in certain Colonial Securities and floating balances in London.
: ; • ;
•r -nl
The Ottoman Mines
R e m lations Law ol
2 Shaban. 1285. .„-
Art. 2, 41 and 43.
I Order iu Council So.
i 308 published in Gazette
[No. 1010 of 9th Jane.
1911, and Order in
Council N'o. 920 pub–
lished in Gazette No.
1SS5 of 16th Feb.. 1925.
Law So. 5 of 1882.
•eo. 13.
I
The Ottoman Mines
Regalaei»ns Law of 2
Shaban I28fi. Art. 38.
IThe Ottoman Mines
Herniations Law of 3
Shaban 12S5. Arc 92.
i The Ottoman Mines
' Regulations Law of 2
Shaban. 12S5. Art. 40.
I Agreement dated
1 14th April. 1032. with
j Ottoman Bank.
(a) New Lvmm Ltd. Royalty fixed at 3 per cent, on copper and minerals of equal or lesser value and
5 per cent, on mineral* of a greater value than copper and on precious stones after deducting certain costs,
and £30 per annum rent.
(6) Royalty at the flat rate of Is. per ton was payable during 1935 by the Cyprus and General
Asbestos Company, Limited, upon exportation of asbestosfibreof the grades known as " standard "
and " Nos. 3 and 4-" in excess of 2,000 tons of 2,000 lbs. each.
(c) No royalty is payable upon gypsum or gypsum stone exported during a period of two years
from the 19th FeOruary, 1934
. Indenture of Ut Seoc,
( 1910. Clause 7.
Order in Council No.
1629 of 5thMarob,193S,
pub. in Gas. No. 2429
of 8th March, 1935.
Order in Council No.
1571otl9th Feb., 1934,
pub. in Gaz. So. 2348
of 23rd Feb., 1934.