THE HONGKONG GOVERNMENT GAZETTE, 1ST DECEMBER, 1877.
CONDITIONS OF SALE.
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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 $5.
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 knocked down.
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 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 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 Rural Building 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 $5 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, which does not lay within the Pokfoolum drainage area, and expend thereon a sum of not less than $1,000 (one thousand dollars), and such messuage or tenement, and also any outbuildings, or other erections connected therewith shall be so built, constructed and drained, that no sewage or refuse matter or matters of any kind shall be discharged into or upon any ground situate within the drainage area of the respective streams draining into the Pokfoolum Reservoir.
7. The Purchaser of each Lot shall not fertilize with manurial or other matters, or make use of as a garden any portion of his Lot which lays within the before-mentioned Pokfoolum drainage area.
8. 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 urchaser at each angle of each Lot.
9. 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.
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.
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.