575
Particulars and Conditions of the letting by Public Auction Sale, to be held
on Monday, the 6th day of December, 1920, at 3 p.m., at the Offices of the Public Works Department, by Order of His Excellency the Governor of one Lot of Crown Land at the junction of Queen's Road Central and Pedder Street, in the Colony of Hongkong, for a term of 75 years, with the option of renewal at a Crown Rent to be fixed by the Surveyor of His Majesty the KING, for one further term of 75 years.
PARTICULARS OF THE LOT.
No.
Boundary Measurements.
of
Registry No.
Locality.
Sale.
N.
S.
Bo
W
Contents in sq. ft.
Annual Upset
Rental. Price.
Inland Lot No. 2315.
At the junction of Queen's Road Central and Ped- der Street.
As per sale plan.
about 38,120
4,376 1,906,000
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 shall be put up again at a former bidding.
2. No person shall at any bidding advance less than $1,000.
3. Immediately after the fall of the hammer, the Purchaser of the Lot shall sign the Memorandum of Agreement, hereinafter contained, for completing the purchase accord- ing to these Conditions. He shall, within three days of the day of sale, pay into the Colonial Treasury the sum of $250,000, and within three months of the day of sale the balance of the Premium at which the Lot shall have been purchased.
4. The Purchaser shall also pay into the Colonial Treasury on behalf of His Majesty the KING, within three days of the day of sale, the sum of $37.50 for and in consideration of boundary stones, which shall be fixed by the Director of Public Works at each angle of the Lot, properly cut and marked with the Registry Number of the Lot, and the Pur- chaser shall notify the Director of Public Works when he is ready to have the boundary stones fixed. If it is intended that the angles of the Lot shall be covered by buildings, walls or other erections, such notification must be given at least fourteen days before the foundations are up to ground level to enable the boundary stones to be built into such buildings, walls or other erections as the work proceeds. If such notification be not duly given, the Director of Public Works shall be at liberty at any time to enter on the Lot and to cut into any buildings, walls or other erections thereon and to do any other act which may be necessary for the purpose of fixing the boundary stones. Any expense incurred in consequence of such cutting into buildings, walls or other erections, shall be borne by the Purchaser, and the amount thereof shall be paid by him into the Colonial Treasury within three days of receipt of a demand in writing from the Director of Public Works.
5. The Purchaser of the Lot shall pay to the Land Officer, on behalf of His Majesty the KING, a fee of $30 upon the execution of the Crown Lease thereof, such Crown Lease to be taken up by the Purchaser when required by the Land Officer.
6. The Purchaser of the Lot shall build and finish, fit for occupation, before the expiration of thirty-six calendar months from the day of sale, in a good, substantial and workmanlike manner, one or more good and permanent non-domestic buildings upon some part of his Lot with walls of stone or brick and lime-mortar and roof of tiles or such other materials as may be approved by the Director of Public Works, and in other respects in accordance with the provisions of all Ordinances, Bye-laws and Regulations relating to Buildings or Sanitation as shall or may at any time be in force in the Colony, and shall expend thereon a sum of not less than $572,000 in rateable improvements.
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