Variations, etc., of obligations

(1) The Minister may, on application made to him by the holder of an exclusive prospecting licence, limit, reduce, vary or suspend any obligation arising pursuant to section 34 (b), (d) or (e), either conditionally or unconditionally, 35 Provided that before limiting, reducing, varying or suspending any obligation under section 34 (b), (d) or (e), the Minister shall obtain the prior approval of the Cabinet. (2) To enable him to dispose of an application under sub- section (1), the Minister may, by notice served on the applicant, require the applicant to furnish him, within such reasonable time as is specified in the notice, with such information relevant to the application as may be described in the notice.