Paragraph 2
Information justifying the size of the area in respect of which the licence is applied for in terms of the tonnage of hard mineral resources estimated to be required for the applicant's anticipated production, the estimated tonnage of such resources as are minable which the applicant estimates to be recoverable, together with all factors which explain the basis for such estimates.
NOTES
Where there is more than one applicant, the information relating to each applicant required to be given in Part I above should be grouped together in the same order in which the applicants are named in paragraph 1 thereof.
If the applicant is a Scottish firm, the comparable information concerning the firm shall be given wherever appropriate.
If the body corporate does not possess a capital structure, any comparable information concerning the items listed should be furnished.
This sub-paragraph need not be completed if a copy of the memorandum and articles of association (or other document setting out or defining the constitution) of the body corporate accompanies the application.
In determining whether a person (being an individual or a body corporate) has control of the applicant for the purposes of this sub-paragraph, section 302(2) and (4) to (6) of the Income and Corporation Taxes Act 1970 shall apply with the modifications set out in section 35(6) of the Petroleum and Submarine Pipe-lines Act 1975.
In this column should be stated whether the control over the applicant's affairs is secured by means of the holding of shares or by the possession of voting power in or in relation to the applicant or any other body corporate, or by virtue of any power contained in the articles of association or other document regulating the applicant or any other body corporate.
In describing the area of the deep sea in respect of which a licence is applied for, the applicant must present the geographical co-ordinates of the turning points defining the boundary, referred to the World Geodetic System 1972 (WGS 72). The line defining the boundary between the turning points must be geodetic.
Where there is more than one applicant, the applicant to which each signature relates should be identified.