2188 THE HONGKONG GOVERNMENT GAZETTE, DEC. 14, 1906.
6. The Purchaser of the Lot shall reclaim the entire area of the Lot and shall build and finish, fit for occupation, before the expiration of four years from the day of sale in at good, substantial and workmanlike manner, one or more good and permanent messuage or tenement upon some part of his Lot, with walls of stone or brick and lime-mortar and roof of tiles of such other materials as may be approved by the Director of Public Works, and in other respects in accordance with the conditions of all Building Ordinances now in force in the Colony which are applicable, and shall expend thereon a sum of not less than $40,000 in rateable improvements. The reclaimed area to be protected in a substantiak manner to be satisfaction of the Director of Public Works.
7. 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, noisorne, noxious, excrementitious, or other refuse matter be deposited on any portion of the Lot. The Purchaser shall see that all refuse matters are properly removed daily from off the premises.
8. The Purchaser of the Lot shall pay into the Colonial Treasury a proportionate part of the annual rental specified in the Particulars hereinbefore contained on the 24th day of June next, and thercafter shall pay such Annual Rental by equal half-yearly payments on the 25th day of December and the 24th day of June in each and every year during the term of 99 years.
9. When the Conditions herein contained have been complied with to the satisfaction of the Director of Public Works, the Purchaser of the Lot shall be entitled to, and shall execute, on demand, a Lease from the Crown of the land comprised in such Lot for 99 years, to be computed from the day of sale, at such Annual Rental payable half-yearly on the 24th day of June and the 25th day of December in every year as is specified in the Particulars of such Lot herein before contained; and the Crown Lease shall be subject to, and contain, all Exceptions, Reservations, Covenants, Clauses and Conditions usually inserted in the Crown Leases of Marine Lots in the Colony of Hongkong; the Lease shall 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, assigns, or successors (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 purposes so specified as aforesaid, without the previous licence or consent of His Majesty, His 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 on any portion thereof in the name of the whole, and there- upon the same shall be forfeited to and vest in the Crown; the Lease shall also contain in particular a reservation to the Crown of all mines and minerals under the demised lands. The Lease shall also contain a proviso that the lessee is to have the option of renewing the Lease for one further term of 99 years at a Crown Rent to be fixed by the Surveyor of His Majesty the KING.
10. Should the Purchaser of the Lot neglect, or fail to comply with these Conditions, his Premium, or any portion thereof which may be paid, shall be thereupon forfeited to His Majesty, who shall be at full liberty either to enforce the sale, or to re-sell the Property at such time and place, and in such manner as to His Majesty shall seem fit, and in case of a re-sale the increase, if any, of the Premium or Purchase Money shall be retained by His Majesty, and the deficiency, if any, and all Costs and Expenses shall be made good by the defaulter and be recoverable as liquidated damages, or at the option and pleasure of His Majesty to re-enter and resume the property as if no sale had ever taken place, in which case also the premium paid by the Purchaser shall be thereupon 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, upon such re-sale, and all costs- and expenses as ascertained to be recoverable as aforesaid.
11. l'ossession of the Lot sold shall be given to the Purchaser, and deemed to have been taken by him, on the day of sale.
12. In the event of the Purchaser assigning the benefit of the underwritten Agreement, the assignee shall be bound by the foregoing and following Conditions of Sale, and all powers and remedies shall be enforceable against him to the same extent as if such assignee were the original Purchaser.