Sch. 1 (i) four pence when the total quantity of such coal won in any year does not exceed one hundred thousand tons; (ii) three pence when such total quantity exceeds one hundred thousand tons; (c) in respect of each ton of coal as aforesaid won from the leased area and sold or used by the Company for any purpose other than as specified in the last preceding paragraph, a basic royalty of four pence. (2) The said rent and basic royalties shall be paid by the Company clear of all deductions whatsoever to the Accountant to the Department of Mines at on behalf of the State as follows— (a) as to the rent, by equal half-yearly payments in advance the first payment to be made on the date of commencement and succeeding payments on the first day of each half-yearly period thereafter; (b) as to the basic royalties within thirty days after written demand therefor by or on behalf of the State in respect of each half-yearly period during the term of this Agreement. (3) If the total royalty payable under this clause in respect of coal won in any year exceeds the amount of the rent paid by the Company in that year the rent so paid shall be accepted by the State as part payment of that royalty. (4) If the current index number for any year exceeds the base index number then the royalty payable in respect of coal won during that year shall be calculated at a rate bearing the same proportion to the appropriate rate of royalty specified in sub-clause (1) of this clause as the current index number bears to the base index number. (5) In the event of the Commonwealth Statistician ceasing to publish the Consumer Price Index the last preceding shall be modified from time to time by substituting for the method therein specified of determining increases in royalty rates such other method as the Government Statist of the State certifies in writing to be appropriate for determining those increases in similar manner to the method so specified.
(i) four pence when the total quantity of such coal won in any year does not exceed one hundred thousand tons; (ii) three pence when such total quantity exceeds one hundred thousand tons; (c) in respect of each ton of coal as aforesaid won from the leased area and sold or used by the Company for any purpose other than as specified in the last preceding paragraph, a basic royalty of four pence. (2) The said rent and basic royalties shall be paid by the Company clear of all deductions whatsoever to the Accountant to the Department of Mines at on behalf of the State as follows— (a) as to the rent, by equal half-yearly payments in advance the first payment to be made on the date of commencement and succeeding payments on the first day of each half-yearly period thereafter; (b) as to the basic royalties within thirty days after written demand therefor by or on behalf of the State in respect of each half-yearly period during the term of this Agreement. (3) If the total royalty payable under this clause in respect of coal won in any year exceeds the amount of the rent paid by the Company in that year the rent so paid shall be accepted by the State as part payment of that royalty. (4) If the current index number for any year exceeds the base index number then the royalty payable in respect of coal won during that year shall be calculated at a rate bearing the same proportion to the appropriate rate of royalty specified in sub-clause (1) of this clause as the current index number bears to the base index number. (5) In the event of the Commonwealth Statistician ceasing to publish the Consumer Price Index the last preceding shall be modified from time to time by substituting for the method therein specified of determining increases in royalty rates such other method as the Government Statist of the State certifies in writing to be appropriate for determining those increases in similar manner to the method so specified. Sch. 1