THE HONGKONG GOVERNMENT GAZETTE, 21ST SEPTEMBER, 1889.
CONDITIONS OF SALE.
791
1. The Government is not bound by the exact boundaries as shewn on the plan, but reserves the right of making any modification in detail that the Surveyor General may deem necessary in order to provide for the widening of roads or forming drains or water courses. Should the area of land when finally set out be more or less than that above given, the excess or deficiency shall be calculated at the sale price per square foot and added or deducted from the amount_of_the_premium and annual Crown Rent. The Government reserves the right of way through this Lot as shown on the plan.
2. The highest bidder above the upset price shall be the Purchaser, and if any dispute arise between two more bidders, the Lot in dispute shall be put up again at a former bidding.
3. No person shall at any bidding advance less than $10.
4. 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.
5. The F
ser of this Lot shall also pay to the Land Officer, on behalf of Her Majesty the QUEEN, the Su $10 within three days of the day of Sale, for and in consideration of the Boundary Stones, proper cut, fixed, and marked with the Registry Number, which shall be placed by the Surveyor General, for the Purchaser at each angle of this Lot.
6. The Purchaser of this Lot shall also pay to the Land Officer, on behalf of Her Majesty The QUEEN, a Fee of $5 upon the execution of the Crown Lease thereof.
7. The Furchaser of this 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 permanent messages or tenements upon some part of his Lot, and shall expend thereon a sum of not less than $15,000 (Fifteen thousand Dollars). The plans of the buildings to be erected on this Lot, to be submitted and approved by the Surveyor General, before the commencement of the work. No tenement of the type usually designed for habitation by Chinese (except for the use of domestic servants) shall be built upon this Lot.
8. When the conditions herein contained have been complied with to the satisfaction of the Surveyor General the Purchaser of this 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, och Annual Rental, payable half-yearly on the 24th day of June, and the 25th day of December in ery 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 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 Mesty, 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.
MEMORANDUM OF AGREEMENT BY THE PURCHASER.
Memorandukat
of
the peren whose name is hereunder written has been declared the highest bidder for the Lot describe the foregoing Particulars of Sale and hereunder specified opposite to his said name and signature respectively, and does hereby agree with Her Majesty the QUEEN to become the Lessee thereof under and subject to the foregoing Conditions of Sale, and on his part to perform and abide by the said Conditions.
Number of Sale.
istry Number
and Desecration of Lot Purchased.
Amount of Annual Rental. Premium at which
Purchased.
Signature of Purchaser.
Inland Lot No. 1,219,
$120