114. All mining concessions other than those the letters patent whereof were issued before 1 July 1911 shall be subject to an annual tax of $2.50 per hectare.
Such tax shall take effect from the first of January following the expiration of two years from the date of the concession, and shall be payable before the fifteenth of January each year.
The Minister shall remit such tax upon proof that exploration work or mining operations of a cost of $25 per hectare have been carried out on each concession, or according to section 98.
1965 (1st sess.), c. 34, s. 119; 1977, c. 60, s. 84.