730
THE HONGKONG GOVERNMENT GAZETTE, 27TH AUGUST, 1881.
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 a deposit of one half of the amount of Premium at which the Lot shall have been knocked down, and within one Calendar Month from the day of sale, at the aforesaid Treasury, pay the remaining half of the said Premium.
4. The Purchaser of each Lot shall be entitled to and shall execute on demand a Lease from the Crown of the Piece or Parcel 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 specified 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 inserted in the Crown Leases of Marine Lots in the Colony of Hongkong.
5. The Purchaser of each Lot shall pay to the Surveyor General, 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 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 expend thereon a sum of not less than $1,000 (one thousand dollars).
7. The Purchaser of each Lot shall also pay to the Surveyor General, on behalf of Her Majesty the Queen, the sum of $10 upon the execution of the Crown Lease thereof, 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.
8. Should the Purchaser neglect or fail to comply with these Conditions, his Premium or any por- tion 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.
9. Possession of the Lot sold shall be given to the Purchaser, and deemed to have been taken by him on the day of sale.
SPECIAL CONDITIONS.
1. The Crown Lessee of each Lot shall reclaim and raise to the level of the Praya the whole area of his Lot, and also that of half the width of the Streets adjoining the said Lot, and the whole of the width of the Praya in front thereof.
2. The Crown Lessee of each Lot will have to defray the cost of constructing a Praya or Sea Wall in front of his Lot, and half the width of the adjoining street or streets as shewn on the Sale Plan.
3. The Crown Lessee of each Lot shall defray half the cost of constructing the drain in Elgin Road as shewn on the Sale Plan.
4. The aforesaid Praya Wall shall be constructed by the Government during the South West Monsoon of 1882, in accordance with the Plan to be seen at the Surveyor General's Office, and will be let by public tender on a lump sum, which sum shall not exceed $40 per foot run of wall.
MEMORANDUM OF AGREEMENT BY THE PURCHASER.
Memorandum that the person whose name is hereunder written has been declared the highest bidder for the Lot described in the foregoing Particulars of Sale and hereunder specified opposite to his said name and signature, and does hereby agree 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 Lot.
Registry Number and
Description of Lot Purchased.
Amount of Annual Rental. Premium at which
Purchased.
Signature of Purchaser.
1
Kau-lung Marine Lot No. 20
$2,667.76
Q
20
$2,191.73
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