Public Lands and Resources Act.

This Act concerns law applicable to and rights in public lands, i.e. lands situated within the Republic which were owned or maintained by the Japanese government during the Japanese administration of the islands and such other lands as the government of the Republic has acquired or shall acquire for public purposes. Certain rights regarding the marine areas below the ordinary high watermark existing prior to introduction of the law by the Japanese Government shall be re-established. Those rights include the right to erect fish traps and weirs, and the right of the owner of abutting land to claim ownership of all materials, coconuts, or other small objects deposited on the shore or beach by action of the water or falling from trees. Public lands not reserved for other purposes may be granted by the Cabinet in payment or exchange for the use and occupation of privately owned lands within the Republic by the government of the Republic.