HC Deb 29 April 1981 vol 3 c884

Resolved, That any Act of the present Session to make provision with respect to deep sea mining operations may provide—

  1. (a) for the levying from holders of licences granted under that Act of sums equal either to 3.75 per cent. of the value of certain deposits recovered in pursuance of the licences or to 0.75 per cent. of the value of certain elements or compounds found in such deposits;
  2. (b) for the payment into the Consolidated Fund, in certain circumstances, of the proceeds of the levy; and
  3. (c) for the payment into the Consolidated Fund of any fees or other sums received by the Secretary of State in respect of or in accordance with any such licence.—[Mr. MacGregor.]