22(1)All leases of Crown Lands that were issued under the authority of the Crown Lands Act, or any predecessor of that Act, for a term of ten years or more are cancelled as of March 31, 1982, regardless of the portion of the term then remaining, and no compensation is payable by the Crown with respect thereto.

22(2)Where a lease is to be cancelled by virtue of subsection (1), the Minister shall not later than six months prior to cancellation offer a new lease of the premises to the lessee upon terms that the Minister considers appropriate and that are in accordance with this Act and the regulations.

22(3)Where an offer to lease is accepted within the time for acceptance prescribed by the Minister in the offer, the Minister shall, subject to the approval of the Lieutenant-Governor in Council, issue a lease upon the terms and conditions contained in the offer, to be effective upon the cancellation of the former lease pursuant to subsection (1).

22(1)All leases of Crown Lands that were issued under the authority of the Crown Lands Act, or any predecessor of that Act, for a term of ten years or more are cancelled as of March 31, 1982, regardless of the portion of the term then remaining, and no compensation is payable by the Crown with respect thereto.

22(2)Where a lease is to be cancelled by virtue of subsection (1), the Minister shall not later than six months prior to cancellation offer a new lease of the premises to the lessee upon terms that the Minister considers appropriate and that are in accordance with this Act and the regulations.

22(3)Where an offer to lease is accepted within the time for acceptance prescribed by the Minister in the offer, the Minister shall, subject to the approval of the Lieutenant-Governor in Council, issue a lease upon the terms and conditions contained in the offer, to be effective upon the cancellation of the former lease pursuant to subsection (1).