408
THE HONGKONG GOVERNMENT GAZETTE, 9TH MAY, 1891.
GOVERNMENT NOTIFICATION.—No. 222.
·
The following Particulars and Conditions of Sale of Crown Land by Public Auction, to be held on the spot on Tuesday, the 26th day of May, 1891, at 4 P.M., are published for general information.
By Command,
Colonial Secretary's Office, Hongkong, 9th May, 1891.
đ
W. M. DEANE, Acting Colonial Secretary.
Particulars and Conditions of the letting by Public Auction Sale, to be held on Tuesday, the 26th day of May, 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 999 Years.
No.
of
Registry
No.
Sale.
PARTICULARS OF THE LOT.
LOCALITY.
Contents in Square feet.
Annual Upset Rent Price per acre. per acre.
$
1
Quarry Bay Marine Lot No. 2
Shaukiwan Road,
Approximate area,
.....390,000
100
1,300
CONDITIONS OF SALE.
i. 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 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 build and finish, fit for occupation, before the expiration of two years from the day of sale, in a good, substantial and workmanlike manner, one good and perma- nent messuage or tenement upon some part of his Lot, and shall expend thereon a sum of not less than $5,000.
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 999 years hereinbefore mentioned.
8. When the conditions herein contained have been complied with, 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 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 hereinbefore 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 Expenses 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.