THE HONGKONG GOVERNMENT GAZETTE, 28TH MARCH, 1891.
GOVERNMENT NOTIFICATION. -No. 140.
223
The following Particulars and Conditions of Sale of Crown Land by Public Auction, to be held on the spot, on Monday, the 13th day of April, 1891, at 4 P.M., are published for general information.
By Command,
Colonial Secretary's Office, Hongkong, 28th March, 1891.
W. M. DEANE, Acting Colonial Secretary.
Particulars and Conditions of the letting by Public Auction Sale, to be held on Monday, the 13th day of April, 1891, at 4 P.M., by Order of His Excellency the Governor, of One Lot of Crown Land, in the Colony of Hongkong, for a term of 75 Years.
PARTICULARS OF THE LOT.
No.
Boundary Measurements.
of Sale.
Registry No.
LOCALITY.
Contents in
N.
S.
E.
W.
Square ft.
Annual
Upset Rent. Price.
Kowloon
feet. feet. feet.
་
feet.
Docks),
'Marine Lot Taikoktsui (South of Cosmopolitan
No. 32.
500′ 538′7′′ 400′ 200' 150,000 1,034
7,500
CONDITIONS OF SALE.
!
1. The highest bidder 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 $25.
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 the 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 the 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 the Lot shall reclaim the same from the sea to the levels required by the Government and shall build and finish, fit for occupation, before the expiration of three years 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 $10,000 in rateable value.
7. The Purchaser of the Lot shall pay into the Treasury a proportionate part of the annual rental specified in the particulars hereinbefore 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 term of 75 years hereinbefore mentioned.
8. When the conditions herein contained have been complied with to the satisfaction of the Surveyor General, the Purchaser of the 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 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 herein before contained; and such Crown Lease shall be subject to, and contain, all Exceptions, Reservations, Covenants, Clauses, and Conditions usually inserted in Crown Leases of Marine 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 Ex- penses shall be made good by the defaulter and be recoverable as liquidated damages.
10. Possession of the Lot sold shall be given to the Purchaser, and deemed to have been taken by him, on the day of sale.
11. The Purchaser of this Lot will have the option of commuting three quarters of the purchase money at five per cent interest, and paying such commuted premium as additional annual rental.