54Lease etc. with respect to timber to contain condition as to insurance against loss by fire

54 Lease etc. with respect to timber to contain condition as to insurance against loss by fire Every lease of any area for saw-milling purposes and every licence or permit to occupy a special area for the exclusive cutting of timber or to thin out and remove trees or to cut and take away timber may contain a covenant or condition in the prescribed form to insure in the name of the Secretary, when required by the Secretary, against loss by fire or otherwise any timber upon which on the removal thereof from a State forest any royalties dues or charges may be payable to the Secretary, and the amount of such insurance shall be at least sufficient to cover the royalties dues and charges estimated by the Secretary to be so payable on such timber. No. 6073 s. 55.