Section 2

No royalty or similar charges (whether under a lease or other instrument or under any State enactment, or whether the lease or instrument was made or the enactment passed before or after the making of the payment under subsection (1)) shall as from the date of the making of the payment under that subsection be levied by the State Governments in respect of such mineral ores (other than iron ore and tin), except with the written agreement of the Minister of Finance.

Parliament may by resolution add to, vary, delete or otherwise amend the Schedule.

Payment to be charged on the Consolidated Fund