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PROPOSED TERMS OF THE SALE AND crown lease.
1. In consideration of payment of the agreed premium and upon completion of the reclamation of the above described Lot to the satisfaction of the Director of Public Works, it is proposed to grant a Crown Lease of the whole of the area tinted pink on the said plan and having an area of 5,000 square feet for the term of 75 years from the date of sale, renewable for a further term of 75 years at a re-assessed rental,
The amounts of the Premium and Crown Rent are subject to re-adjustment when the reclamation has been completed in accordance with the area actually occupied.
2. The lease will be subject to and contain all Exceptions, Reservations, Covenants, Clauses, and Conditions usually inserted in the Crown Leases of Inland Lots in the Colony of Hongkong; the lease will also specify the purposes for which the land is leased (ie., whether for the purpose of reclamation, building dwelling houses, factories, or godowns for the storing of coal or other goods, or whether for any other purpose) and shall contain a proviso that in the event of the lessee, his executors, administrators and assigns, or successors and assigns (as the case may be) failing, at any time during the continuance of the term of the said lease, to use the demised land for the purpose so specified as aforesaid, without the previous licence or consent of His Majesty, Ilis Heirs, Successors or Assigns, signified in writing by the Governor, then it shall be lawful for His Majesty, His Heirs, Successors or Assigns, by the Governor or by any Officer authorized by him in writing, to re-enter on the land, foreshore, and sea bed included in and demised by such lease or any portion thereof in the name of the whole, and thereupon the same shall be forfeited to and vest in the Crown; the lease will also contain in particular a reservation to the Crown of all mines and minerals under the demised land. The lease will also contain a proviso that the lessee is to have the option of renewing the lease for a further term of 75 years at a Crown Rent to be fixed by the Surveyor of His Majesty the King.
3. The Purchaser of the Lot will also have to pay the sum of $25 for boundary stones and $30 for the Crown Lease.
No. S. 226.-Notice is hereby given under Section 3 of The Foreshore and Sea Bed Ordinance, 1901, that all persons having any objections to the granting of the lease as above described must send in particulars of their objections in writing to the Colonial Secretary before the expiration of a period of one month from the 17th day of July, 1914, and all such objections will be considered by the Governor-in-Council.
And notice is also given that if after the expiration of such period of one month the Governor-in-Council shall declare it to be expedient to grant a lease of the said lot, the said proposed sale will be proceeded with, at the Offices of the Public Works Department, on Monday, the 31st day of August, 1914, at 3 p.m., and that the Crown Lease of the Lot shall be deemed to demise to the lessee the foreshore or sea bed included in such lease free and discharged from all rights, privileges, profits-à-prendre, and easements, whether public or private, which may have existed or may be claimed in or over such foreshore and seå bed, so far as is necessary for carrying out the purposes for which the land is leased.
No. S. 227.-The following description and terms of the proposed lease of certain Crown Land at North Point, comprising portions of the foreshore and sea bed, are published under the provisions of the Foreshore and Sea Bed Ordinance, 1901.
For the proposed date of sale of the Crown Land above referred to, sce Government Notification No. S. 228 of the 17th July, 1914.