2636
Crown leases.
No. 17 of 1921. PRAYA EAST RECLAMATION.
and the said person shall cease to have any rights whatsoever to or in respect of the said areas, which shall thereupon be allotted to the Government of Hongkong.
(6) If any Marine Lot owner disposes of any of or all his rights to or in respect of the reclamation areas allotted or to be allotted to him, he shall not thereby be relieved of any of his obligations under this Ordinance, save only that if he disposes of the whole of such rights he shall not be required to take out a Crown lease for the said areas if he procures the acceptance of the said Crown lease by some other person, and the execution by such other person of the agreement referred to in sub-section (4).
(7) If the interest of any Marine Lot owner in respect of the reclamation areas allotted or to be allotted to him passes, by operation of law, on death or on any other event, to any other person, the duty of performing the obligations expressed in this Ordinance as imposed on the Marine Lot owner, and the right to the Crown lease for the said reclamation areas, shall pass to the person to whom the said interest shall have passed.
9.-(1) The Crown leases of the reclamation areas shall be in the usual form and shall be for the term of ninety-nine years, commencing from a date to be ascertained as provided for in sub-section (2), at a Crown rent of five hundred dollars per acre, with the option of renewal for a further term of ninety-nine years at a Crown rent to be fixed by the Governor for the time being.
(2) The date from which the said first term, and the said Crown rent, shall commence shall be the date of the posting of a registered letter, addressed to the Marine Lot owner, containing a notice from the Director of Public Works stating that the said reclamation areas are at the disposal of the said Marine Lot owner: Provided that (except at the request of the Marine Lot owner) such notice shall not be sent until in the opinion of the Director of Public Works- (a) such areas are in a condition suitable for the commencement of building operations, and
(b) the adjacent streets are in such a condition as to provide reasonable means of access to the said areas.
* As amended by Law Rev. Ord., 1924,