Treasure Trove Act,1878
Section 16. Power to acquire the treasure on behalf of Government
The Col-lector may, at any time after making a declaration under, and be-fore delivering or dividing the treasure as herein before provided, declare by writing under his hand his intention to acquire on behalf of the Government the treasure, or any specified portion thereof, by payment to the per-sons entitled thereto of a sum equal to the value of the materials of such treasure or portion, together with one-fifth of such value, and may place such sum in deposit in his treasury to the credit of such persons; and there upon such treasure or portion shall be deemed to be the property of Government, and the money so deposited shall be dealt with, as far as may be, as if it were such treasure or portion.
Same as in Punjab etc. H.P. Act 16 of 1972, S. 8 (16-11-1972).
Punjab Haryana Chandigarh
In its application to the State of Punjab, for section 16 substituted the following section, namely,
“16. Power to acquire shares of owner and finder.
The Collector may, at any time after making a declaration under section 9 and before delivering to the finder or owner his share of the treasure as divided by him in accordance with the provisions of this Act declare by writing under His hand his intention to acquire on behalf of the Government the share of the finder or owner or both, by payment to the persons entitled thereto of a sum equal to the value of the materials of their share or shares of the treasure, together with-one-fifth of such value and may place such sum in deposit in the treasury to the credit of such person; and thereupon such share or shares of the treasure shall be deemed to be the property of Government and the money so deposited shall be dealt with, as far as may be, as if it were the share or shares of the treasure of such persons.” Punj. Act 24 of 1960, S. 8 (30-5-1960) Act 31 of 1966, S. 88.
In its application to the State of Andhra Pradesh, after S16, insert the following:
“16-A. Power to allot share of the treasure to informant.
(1) Where the finder of any treasure or the owner of the place in which the treasure was found, fails to give notice thereof to the Collector as required by section 4, but some other person informs the Collector about the finding of such treasure, the Collector shall order the allotment of a share, not exceeding one-half in the treasure to such person.
(2) The allocation of the residue of the treasure after the allotment of the share in the treasure to such other person, shall be governed by the other relevant provisions of this Act.” A. P. Act 10 of 1963, S. 4 (6-4-1963).