99(1)Royalties owing under this Act on coal are due and payable monthly on the twentieth day of each month, and all other royalties owing under this Act are due and payable quarterly on the twentieth day of January, April, July, and October in each year or, where that day is a holiday, on the first banking day next following that day.

99(2)Notwithstanding anything contained in this Act, the Lieutenant-Governor in Council may, whenever he considers it necessary for the better management of mines and minerals, suspend the requirement for any person to pay royalties under this Act for a period not exceeding ten years.