Show OIL LEASE BILL GOES TO SENATE Measure l Unanimously V Vot Voted Voted ot- ot ed Out Ou t by Public Lands Land's Committee Washington uS' uS IS Fa 1 Favorable re report rePort re- re port on the 1 bill liIl for the leasing lousing of oC government go owne owned oil coal pho phosphate and sodium lands for tho the purpose o of oC stimulating production was ord ordered r d toda today by 11 the Senate public lands land com corn The Thc vote was unanimous Tho The bill virtually Is the sumo samo a as 5 that passed by both loth houses of or the last Congress hut which failed because tho Senate did not adopt the conference report Under tho bill bitt an oil prospector would receive title to one fourth of ot ortho tho the 2560 acres allotted him under hi his hisS prospecting permit at a fixed lo royalty alt S o of DC 5 6 por per cent and a preference rl right ht to to lease the tho other three-fourths three at a royalty royally to be fixed d h by tho the secretary secretory S of Dr the Interior but at nt not less leNH than cl one eighth of or gross production Oil land within producing fields I would be leased in plots of 6 10 acres I nt at a n royalty o of not less than one one- eighth or more than one-fourth one of tho thc I oil produced Issuance of or th those 80 I leue will ill be li by 11 competitive bidding r howe h ow e v e or r. r Pr Prospectors would be a able ble to lease lens a ma maximum of or 2660 acres of coal land lani landon I on a basis o of from 5 to 20 21 O i a L tor tar but hut provisions authorizing the tho sale of coal lands was was eliminated Alaskan coal land Is not affected Royalties for the leasing of lands hands would be he 2 Z per cent on or m the gross value of output and for fol so sodium 50 Hum lands It would be he one one-el one eighth 01 of or orthe L the tho value alue o of the output It Is proposed that 45 43 per pOl cent 01 of I. I the royalties recel received d under the tile hill bill shall hall be paid to the states In which the tIn S government o land is located 15 Hi pOI per percent r cent to the reclamation fund and it 10 pc PC- PC cent to the federal treasur treasury Included In j n. n tho the bill hlll were provisions proVision by py which per persons on having lawful claims to oil lands In tho the naval reserves In In 1 California and Wyoming over 01 which while I there thero have havo been much litigation ItI atlon can 1 proceed with their development de These TheMe provisions are Identical with wit I those contained In tho bill before beCore the tIn In last t Congress Chairman Smoot said Senator alor Sm Smoot ot announced that the hi lull hill i would be formally fornall reported when 1 the tho Senate reconvenes next Frida Friday with a view to oarl early consideration |