lienation
esumption
refers to the lease term of the grant
retention of the lot or any part thereof for such purposes is no longer justififed, it shall be lawful for the Government to re-enter upon and take back possession of the lot or any part thereof and all buildings thereon without notice and the rights of the Grantee in and to the same under this Agreement shall thereupon absolutely cease and determine.
(14) The Grantee shall not assign, mortgage, charge, demise, underlet, part with the possession of or otherwise dispose of or encumber the lot or any part thereof or any building or part of any buding thereon or enter into any agreement so to do, except in so far as the alienation by THE BRITISH COUNCIL which not consitute a breach of this Special Condition.
(14)
essentia
...
•
The Government shall have full power to resume, re-enter upon and re-take possession of all of any part of the lot if required for the improvement of Hong Kong or for any other public purpose whatsoever (as to which the decision of the
twelve calendar months' Governor shall be conclusive), notice being given to the Grantee of its being so required, and upon the exercise of this power the Grantee's tenancy of the land so resumed shall cease, determine and be void, and the Grantee shall on the expiration of the said notice quit and deliver up possession of the land so resumed and the buildings thereon. Upon the exercise of the power there shall be paid by the Government to the Grantee the following compensation only :-
fifty-fauth
and
infrastructure
*
(a) in respect of the land resumed - one of such amount as in the opinion of the Director has been reasonably expended by the Grantee on site formation of the said land, multiplied by the number of complete years in the portion of the said term unexpired at the date of resumption;
(5)
in respect of any building or buildings or parts of any building or buildings lawfully erected on the land resumed - such sum as
shall be agreed
•
requit
to be the full cost of equivalent reinstatement in alternative premises including act ancillary costs reasonably incurred by the Grantee as com
the exércise )
the crantors Power under Soc. 14; fully agreed and understood that separate sums shall be certified in respect of any separate addition or improvement to the building or buildings or parts thereof
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