Section 11: […] the continental shelf of Seychelles comprises the seabed and subsoil of the submarine areas that extend beyond the limit of the territorial sea throughout the natural prolongation of the land territory of Seychelles to the outer edge of the continental margin or to a distance of two hundred nautical miles from the baseline […]" Section 12: Subject to this Act, Seychelles has, and has always had, on or over the continental shelf exclusive sovereign rights for the purpose of the exploration and exploitation of natural resources […]" Minerals Act,15/10/1962, Laws of Seychelles 1996 Updated by Act 15 of 1977 Section 3: The entire property in and control of all minerals in, under or upon any land in Seychelles or in all rivers or streams throughout Seychelles is hereby vested in the Republic and the Republic shall have the exclusive right of prospecting and mining for such minerals. Section 8: The owner of any land in Seychelles shall receive such proportion of royalties or other revenue payable to the Government in respect of minerals won or obtained in, under or upon his land […]. • Right to their economic, social and cultural development. Article 22 ACHPR. Seychelles economic and social progress since independence has been very remarkable. According to the Human Development Report (2003), Seychelles is currently ranked 36th in the world. The preliminary results of the 2002 Population Census indicate the total population of Seychelles as 81.117 people in 20, 391 households; 86.9 % of the households had access to piped water, 97.1 % to electricity, and 87.5 % to flush toilets. About 90 % homes have television, 71 % a fix telephone line and 21 % cellular phone. Public Finances Act, 1/01/1997 This Act defines "Public moneys" in Section 2 as, all revenue, loan and other moneys and all securities whatsoever raised or received by or on account of the Republic. Section 3: Subject to the Constitution and this Act, the Minister has the supervision and management of the Consolidated Fund and other funds established under this Act […] Section 4.3: The Minister may invest public money […] and in doing so shall observe utmost good faith and act -

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