Section 2

It shall be lawful for His Majesty the Sultan and Yang Di-Pertuan to grant by licence in the form set out in the Second Schedule to any person or body of persons or any company desirous of or formed for any or all of the purposes specified in the First Schedule the exclusive right in such behalf and the full enjoyment of all benefits and profits arising therefrom for such length of time and within such limits and upon all such length of time and within such limits and upon all such other special terms and conditions as shall in each case be deemed proper to prescribe in such licence.

Penalty.