THE HONGKONG GOVERNMENT GAZETTE, 17TH MAY, 1881.
22. It shall be lawful for the said CATCHICK PAUL CHATER his executors, administrators or assigns, from time to time and at any time to borrow money on mortgage of all or any part of his undertaking, and for that purpose to assign or demise by way of mortgage, all or any portion of the said wharves and piers, to any person or persons, Corporation or Company, and to enter into all such covenants, provisoes, declarations and agreements as the said CATCHICK PAUL CHATER his executors, administrators or assigns shall think fit and proper.
23. Nothing in this Ordinance, otherwise than as specially enacted herein, shall be construed, to interfere in any way with any existing rights in the land on which the said wharves, piers or tramways are to be constructed, or the lands or foreshore adjoining the same, and the power and privileges given by this Ordinance are so given, saving and reserving always the rights of Her Majesty, and of all bodies politic and corporate, and of all other persons and those claiming by, from, and under them except as herein otherwise provided.
24. If at the end of the period of twenty years granted by Section 29 of this Ordinance or at the end of any further period to which the Governor in Council may by the said section extend the same it appears to the Governor in Council that it is expedient on public grounds (other than such failure to proceed or such disuse as is mentioned in Section 19 of this Ordinance), that the powers of the said CATCHICK PAUL CHATER his executors, administrators or · assigns under that Ordinance should cease the Governor in Council may order that such powers shall cease.
25. When such order is made the said CATCHICK PAUL CHATER his executors, administrators or assigns shall have the option of selling to the Government to be disposed of for the public benefit in such manner as the Governor in Council may direct, the piers, wharves and other works or any part thereof constructed under the powers of this Ordinance and in case of such sale the removal of the works and the restoration of the site to its former condition shall be carried out at the expense of the Government.
26. The price to be given for the said piers, wharves and other works shall be the price of construction and material less reasonable deduction for deterioration the whole to be finally determined in case of difference by an arbitrator to be agreed on between the Surveyor General for the time being and the said CATCHICK PAUL CHATER his executors, administrators or assigns.
27. If the said CATCHICK PAUL CHATER his executors, administrators or assigns do not exercise their option to sell under the foregoing provision they shall (at the expense of the Government) remove the works and restore the site thereof to its former condition within a time to be fixed by the order of the Governor in Council, and in the eveut of such order not being complied with within the time so specified or such further time as may be allowed by the Governor in Council, the Governor in Council shall have power to remove the works and restore the site thereof to its former condition at the costs of the said CATCHICK PAUL CHATER his executors, administrators and assigns and the amount of such costs shall be a debt due to the Government and recoverable against the said CATCHICK PAUL CHAter his executors, administrators and assigns accordingly.
28. When it is ordered under the provisions of this Ordinance that the powers of the said CATCHICK PAUL CHATER his executors, administrators and assigns shall cease the Governor in Council shall order to be paid to the said CATCHICK PAUL CHATER his executors, administrators and assigns out of the public revenues full compensation for all losses sustained by the said CATCHICK PAUL CHATER his executors, administrators or assigns by reason of such order such compensation to be made in the manner and upon the same principle as is provided for in Section 26 of this Ordinance.
29. This Ordinance shall continue in force for twenty years to be computed from the day of
1884.
夢
Provided always that the Governor in Council may, from time to time, so often as the Governor in Council shall think it expedient, by order, to be published in the Gazette, declare that the duration of this Ordinance shall be extended for any further term or terms not execeding ten years at a time, and thereupon this Ordinance shall continue in forec for such extended period.
30. This Ordinance shall come into force on a day to be proclaimed by the Governor,
Power to mortgago.
Saving of
rights.
Cessation of Ordinance.
Power to sell to Govern- ment.
Price to be fixed by Arbitration.
Power to Governor in Council to remove works,
Payment of compensation.
Duration of Ordinance.
Commence- ment of Ordinance.
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