(a) that all cold storage plants and warehouses required to be erected shall be completed and in operation within 5 years from the date of the contract;
(b) that the company shall reserve in each of its warehouses situated outside St. John's 10% of the entire cold storage space of a warehouse for the storage of bait, and in its warehouse in St. John's, the space, not exceeding 10% of the entire cold storage space, that may be fixed by the contract for the same purpose, and shall keep reserved spaces available for the cold storage of the bait as the Lieutenant-Governor in Council may wish to store in it, and store the bait free of charge;
(c) that the Lieutenant-Governor in Council may permit the company to use a part or the whole of the reserved storage space upon the terms that may be agreed upon, and where the consideration for the permission takes the form of the supply of bait by the company to the Lieutenant-Governor in Council, the bait shall be supplied at its cost to the company without allowance for a rental charge for the storage, and in the event of a dispute as to the cost price of the bait, the cost shall be determined by a board appointed by the Minister of Fisheries and including a representative nominated by the company;
(d) that the company shall sell bait to vessels engaged in the fishery at a price to yield to the company a reasonable profit above the cost of the bait delivered to the purchaser or his or her agent, the price to be fixed by the board mentioned in paragraph (c);
(e) that the company shall not export squid, caplin or herring for purposes other than food purposes, nor shall it within the province sell fish for bait to any fishers but fishers of the province, and the Lieutenant-Governor in Council shall not supply bait to vessels engaged in the fishery, when the company has bait for sale on the market at the rates mentioned in paragraph (d).