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2. Immediately after the fall of the hammer the Purchaser shall sign the Memoran- dum of Agreement, for completing the purchase according to these Conditions and shall pay into the District Office, South one half of the annual Rent mentioned in the Memo- randum of Agreement, within 3 days after the Sale. The remaining half of the yearly rent shall be paid into the District Office, South on the 29th day of September, 1934 and thereafter the full yearly rent shall be paid in advance into the District Office, South on the 29th day of September in each and every year during the term of 15 years herein before mentioned.
3. The Lot shall be let subject to a right of way shown on a plan in the District Office South.
4. The Lot shall be held by the Lessee, his Executors, Administrators, or Assigns subject to the existing rights of the Owner or Owners for the time being of the Salt Pans registered in the District Office South as Tai O Salt Pan No. 1 to obtain sea water and for the drainage and proper working of such salt pan and shall on demand when required by the District Officer assign to the owner of Tai O salt pan No. 1 such portion of the Lot as may in the opinion of the District Officer be necessary for the purpose of making channels and drains through the Lot for the proper working of such salt pan.
5. No building shall be allowed on the Lot without the written permission of the District Officer.
6. The Purchaser shall pay to the District Officer South on behalf of His Majesty the KING a fee of $30 upon the execution of the Crown Lease thereof, and such Crown Lease shall be subject to, and contain all exceptions, reservations, covenants, clauses and conditions inserted in the Crown Leases of Lots in the New Territory of Hong Kong.
7. The Purchaser to maintain the existing embankments of the Salt Pans at his own expense in good order and a proper state of repair during the term of the lease.
8. No sewage or refuse water will be allowed to flow from the Lot on to any of the adjoining lands whether belonging to the Crown or to private persons; neither shall any decaying, noisome, noxious, excrementitious, or other refuse matter be deposited on any portion of the Lot.
9. The Purchaser shall have no claim upon Government for compensation in respect of any improvements which he may make on the Lot.
10. Should the Purchaser neglect, or fail to comply with these conditions, His Majesty shall be at full liberty to re-enter and resume the property as if no sale had ever taken place, in which case also any Crown Rent paid by the Purchaser shall be there- upon wholly forfeited to His Majesty. But such re-entry shall not exonerate the present purchaser upon a subsequent re-sale of the property to make good the deficiency if any. capitalized at eight per cent, upon such re-sale, and all costs and expenses as ascertained to be recoverable as aforesaid.
11. Possession of the Lot shall be given to the Purchaser and deemed to have been taken by him on the 28th day of September, 1934.
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12. For the purposes of these Conditions the term "lessec shall where not inapplicable be deemed to include the purchaser his executors, administrators and assigns.
6th July, 1934.
D. M. MACDOUGALL, District Officer, Southern District.