27(4)Every timber license under the
Crown Lands Act that on March 31, 1982 is held by a person who the Minister, with the approval of the Lieutenant-Governor in Council, determines is entitled to be a licensee under this Act, shall on that date continue under this Act, subject to such amendment of the term or any condition thereof, or of the boundaries of Crown Lands subject thereto, as the Minister, with the approval of the Lieutenant-Governor in Council, considers necessary, and subject to the requirement that the licensee enter into a forest management agreement with the Minister.