Territorial Coal Regulations (C.R.C., c. 1522)

44 Subject to subsections 39(4) and (5), where a licensee does not spend in each year on exploration for coal on land for which his licence is issued the amount of money referred to in subsection 39(3), only that portion of the deposit that corresponds to the amount of money spent on exploration by the licensee on the land for which his licence was issued shall be returned by the Chief and the balance of the deposit, if any, shall forfeit to Her Majesty in right of Canada.

45 At the end of any year during the term of a licence and not later than 90 days after the expiration of the term of a licence, a licensee may apply to the recorder for a lease under section 12 or a permit under section 23.

46 No person other than the licensee may obtain a permit or lease in respect of lands for which a licence was issued until the expiration of 90 days after the end of the term of the licence, unless the licensee has relinquished his licence in respect of those lands under section 41.