Show t Action on OB Lease Leas Bill Bin D Desired sired By Ira C. C Tichenor Tichenor- A COMMITTEE of the house of representatives now is busily A engaged en in considering a land leasing bill bitI taking the Smoot measure recently passed by the s senate nat as the foundation upon which to w work rk The Tile committee decided not to give hea ings and It Is expected that when a a. measure shall have been reported to the ho house se seit it will be practically the same as that passed by the senate senale That efforts will be made in various quarters to to- have various amendments amend amend- ments adopted and which are certain to bring brine about a c between the senate and house with the possibility o of another deadlock Governor Carey o of Wyoming is endeavoring oring to secure an amendment wilch will permit states In which oil is produced from land coming comins under tho the tho provisions o of the bill to take to-take take their royalty either in crude oil or cash in order that the states might take advantage o of a a. situation should it arise wherein the market value o of royalty crude oil would exceed a cash royalty ret return rn from leases According to the provisions o of the senate bill the royalties varying in instances from 5 to 25 per cent shall be paid to the government in crude oil which although not specifically stated wilt will be utilized by the nav navy Of Ot the 5 to 25 per cent royalty 45 per cent Is to be paid by the government gov to the states in which the oil is produced supposedly placing a fair fall value alue on the oil as a basis 45 per cent additional is to go to the reclamation reclamation tion tIn funds u ds of ot the United States while the remaining 10 per per cent cent will be credited to the governments government's miscellaneous funds In view o of the fact that practically all of ot the reclamation funds willbe will willbe b be expended In the West Vest the oil producing section of the country will re receive receive receive re- re all but 10 per cent o of the royalties j It would seem that this arrangement should satisfy any state in which oil oI i is produced from leased land and that there would be such a comparatively comparatively small difference between the market price of ot the the- oil and the price which the government might be forced on occasion to set an arbitrary price that It would not pay any state government to enter the oil business What is wanted now is action on the measure which wi will l be of ot great benefit to Utah tah as well wen as Wyoming |