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THE HONGKONG GOVERNMENT GAZETTE, DEC. 14, 1906. 2191
8. When the conditions hercin contained have been complied with to the satisfaction of the Director of Public Works, the Purchaser of the Lots shall be entitled to, and shall execute, on demand, a Lease from the Crown of the land comprised in each Lot for 75 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 hereinbefore contained; and each Crown Lease of Marine and Inland Lots shall be subject to, and contain, all Exceptions, Reservations, Covenants, Clanses, and Conditions usually inserted in the Crown Lenses of Marine or Inland Lots respectively in the Colony of Hongkong; each Lease shall also specify the purposes for which the land is leased (ie., whether for the purpose of reclama- tion, building dwelling houses, factories, or golowns 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 (as the case may beì 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 thereupon the same shall be forfeited to and vest in the Crown ; each Lease shall also contain in particular a reservation to the Crown of all mines and minerals under the demised 'ands. Each Lease shall also contain a proviso that the lessee is to have the option of renewing the Lease for one further term of 75 years at a Crown Rent to be fixed by the Surveyor of His Majesty the KING.
9. Should the Purchaser of the Lots 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 l'urchase 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.
10. Possession of the Lots sold shall be given to the Purchaser, and deemed to have been taken by him, on the day of sale.
11. 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.
SPECIAL CONDITIONS.
1. The entire area of each Lot and the Public Roads adjoining shown coloured brown on the sale plan to be filled in by the Purchaser of the Lots to such levels as the Director of Public Works may approve. The Purchaser of the Lots to construct a sea wall along the Eastern boundary of the reclaimed area and a wall to form the side wall of a nullah along the Southern boundary thereof. All the works to be done to the satisfaction of the Director of Public Works and to be completed within 24 calendar months of the date of sale of the Lots. The roads to be handed over to the Government within that period.
2. The Purchaser of the Lots to cut away the hill to the West of the Lots to such an extent as to provide for the diversion and widening of the Public Road between the points marked X and Y on the sale plan and for its formation to the levels shown thereon. The work to be executed to the satisfaction of the Director of Public Works.
3. No interference to be caused with the existing Public Road until the new road has been formed and the electric tramway has been laid in it and all rails, standards, etc., have been removed from the existing road.
4. The road adjoining Shaukiwan Marine Lot No. 1 on the South side to be widened by the Purchaser of the Lots to 75 feet.