25Consideration of application

#### 25 Consideration of application (1) Where, at the expiration of the period specified in an instrument under subsection 23(1), only one application has been made under that subsection in respect of the block or blocks specified in the instrument, the Joint Authority may reject the application or may, by instrument in writing served on the applicant, inform the applicant that it is prepared to grant to him a permit in respect of that block or those blocks. (2) Where, at the expiration of the period specified in an instrument under subsection 23(1), 2 or more applications have been made under that subsection in respect of the block or blocks specified in the instrument, the Joint Authority may reject any or all of the applications and, if it does not reject all of the applications, may: (a) if only one application remains unrejected—by instrument in writing served on the applicant; or (b) if 2 or more applications remain unrejected—by instrument in writing served on the applicant, or on one of the applicants, whose application has not been rejected and who has specified as the amount that he is prepared to pay in respect of the grant of a permit to him an amount that is not less than the amount specified by any other applicant whose application has not been rejected; inform him that it is prepared to grant to him a permit in respect of that block or those blocks. (5) An instrument under this section shall contain: (a) a summary of the conditions subject to which the permit is to be granted; and (b) a statement to the effect that the application will lapse if the applicant does not: (i) make a request under subsection 26(1); and (ii) pay the balance of the amount to be paid in respect of the grant of the permit to the applicant.