OCR Text |
Show COLTON OIL BILL GETS APPROVAL OF COMMITTEE The Colton bill intending the furtherance of the administration oil reservation program by ' authorizing author-izing Secretary Wilbur to enter cooperative or unit plans of operation op-eration with lessees of public lands was approved today by the house public lands committee. Under the bill the secretary would be permitted also to extend the leases for permits beyond the usual terms of 20 years to those entering the cooperative . plan to protect them from eventual losses through their participation with the government. Secretary Wilbur, in recommending the legislation, pointed out it would be to the mutual benefit of. the government and t?:e lessees and that royalty totals would be greater. |