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183
THE HONGKONG GOVERNMENT GAZETTE, 14TH MARCH, 1891.
Particulars and Conditions of the letting by Public Auction Sale, to be held on Wednesday, the 1st day of April, 1891, at 4 P.M., by Order of His Excellency the Governor, of Two Lots of Crown Land, in the Colony of Hongkong, for a term of 999 Years.
PARTICULARS OF THE LOTS.
LOCALITY.
No.
of Sale.
Registry No.
Quarry Bay
1
Inland Lot No. 3
Quarry Bay,..
2
4
"7
Do.,
Contents in Square feet.
Annual Upset Rent Price
per acre. per acre.
$
Approximate area,
Do.,
..........120,000
100 1,300
CONDITIONS OF SALE.
80,000 100 1,800
1. The highest bidder per acre above the upset price shall be the Purchaser, and if any dispute arise between two or more bidders, the Lot in dispute shall be put up again at a former bidding.
2. No person shall at any bidding advance less than $10 per acre.
3. Immediately after the fall of the hammer, the Purchaser shall sign the Memorandum of Agree- ment, hereinafter contained, for completing the purchase according to these Conditions, and shall, within Three Days of the day of sale, pay into the Colonial Treasury the full amount of Premium at which the Lot shall have been purchased.
4. The Purchaser of each Lot shall also pay to the Land Officer, on behalf of Her Majesty the QUEEN, the sum of $15 within three days of the day of sale, for and in consideration of the Boundary Stones, properly cut, fixed, and marked with the Registry Number, which shall be placed by the Surveyor General, for the Purchaser, at each angle of the Lot.
5. The Purchaser of each Lot shall pay to the Land Officer, on behalf of Her Majesty the QUEEN, a Fee of $15 upon the execution of the Crown Lease thereof.
6. The Purchaser of each Lot shall build and finish, fit for occupation, before the expiration of twelve calendar months from the day of sale, in a good, substantial and workmanlike manner, one good and permanent messuage or tenement upon some part of his Lot, and shall expend thereon a sum of not less than $2,500.
7. The Purchaser of each Lot shall pay into the Treasury a proportionate part of the annual rental specified in the particulars herein before contained on the 24th day of June next, and thereafter 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 terin of 999 years hereinbefore mentioned.
8. When the conditions herein contained have been complied with, the Purchaser of each Lot shall be entitled to, and shall-execute on demand, a Lease from the Crown of the Piece of Ground comprised in such Lot for 999 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 speci- fied in the Particulars of such Lot herein before contained; and such Crown Lease shall be subject to, and contain all Exceptions, Reservations, Covenants, Clauses, and Conditions inserted in the Crown Leases of Inland Lots in the Colony of Hongkong.
9. Should the Purchaser neglect, or fail to comply with these Conditions, his Premium or any portion thereof which may be paid, shall be thereupon forfeited to Her 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 Her 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 Her Majesty, and the deficiency, if any, and all Costs and Expenses shall be made good by the defaulter and be recoverable as liquidated damages.
10. Possession of the Lots sold shall be given to the Purchasers, and deemed to have been taken by them, on the day of sale.
MEMORANDUM OF AGREEMENT BY THE PURCHASERS. Memorandum that the persons whose names are hereunder written have been declared the highest bidders for the Lots described in the foregoing Particulars of Sale and hereunder specified opposite to their said names and signatures respectively, and do hereby agree with Her Majesty The QUEEN to become the Lessees thereof under and subject to the foregoing Conditions of Sale, and on their part to perform and abide by the said Conditions.
Number
of Sale
Lot.
ير
Registry Number and Description of Lot Purchased.
Annual Rental per acre.
Amount of Pre- mium per acre at which Purchased.
Signatures of Purchasers.
$100
4.
$100
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Quarry Bay, In. Lot No. 3.
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