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Agreeably to Public Notice of date the 7th instant, a sale by auction of the animal quit-rent of lands, deferred from the 12th to the 14th instant, took place at Hongkong, on the latter day. Intending Purchasers having assembled on the ground, the following terms of sale were read, and the lots were then severally put up to sale, and knocked down to the highest bidders as by the subjoined list.
TERMS OF SALE.
1. Upon a careful examination of the ground, it has been found impossible to put up the number of lots named in the government advertisement of the 7th instant; and only 50 lots, having sea frontage of 100 feet each, can at present be offered for sale. These lots will all be on the seaward-side of the road. Lots on the land side of it, and suburban lots in general, it will yet require some time to mark out.
2. Each lot will have a sea-frontage of 100 feet, nearly. The depth from the sea to the road will necessarily vary considerably. The actual extent of each lot, as early as it has been possible to ascertain it, will be declared on the ground. And parties will also have the opportunity of observing the extent for themselves.
3. The biddings are to be for annual rate of quit rent, and shall be made in pounds sterling, the dollar in all payments to be computed at the rate of 4s. 4d. The upset price will be £10 for each lot, the biddings to advance by 10 shillings.
4. Each lot having been knocked down to the highest bidder, he will receive an acknowledgment that he is the purchaser of the lot; and this acknowledgment will be exchanged for a more formal title, as soon as the precise measurement and registration of the lots shall be completed.
5. Upon delivery of the titles, the purchasers will be called on to pay the rent for the first year, reckoning from the date of sale.
6. They will also be required to erect upon each lot a building, of the appraised value of $1000, or to incur upon the land an outlay to that amount, within a period of six months from the date of sale. As security for the performance of this engagement, a deposit of $500 shall be paid into the hands of the treasurer to the superintendents within one week from the day of sale, the deposit repayable as soon as an equal amount shall have been expended. Non-compliance with these terms will incur forfeiture of the deposit and allotment.
Lots.
J. ROBT. MORRISON, Acting Secretary and Treasurer to the Superintendents of Trade.
Lots. Dimensions. Knocked down to Price. 1 to 2 about 6700 sq. ft. Gribble, Hughes & Co. £80 2 to 3 6300 £6 3 to 4 7000 4 to 5 7800 Dent & Co. £80 5 to 6 6900 Dent & Co £64 6 to 7 5400 Databloy Rustomjee. £50 7 to 8 7500 Hooker and Lane. £48 8 to 9 8100 Pestonjee Cowasjee. £50 9 to 10 Dirom & Co. Reserved. 10 to 11 8400 EL. Rustomjee. £... 11 to 12 9600 H. Rustomjee. £41 12 to 13 11200 Holliday & Co. £44 13 to 14 10600 £57 14 to 15 10800 £52 15 to 16 £38 16 to 17 £21 17 to 18 16200 W. & T. Gemmell & Co. £32:10 18 to 19 14400 Fergusson, Leighton & Co. £21 19 to 20 12700 15900 Robert Webster. £20 20 to 21 11800 Reserved. 21 to 22 15200 D. Rustomjee. £118 22 to 23 18000 Janes, Fletcher & Co. £150 23 to 24 W. & T. Gemmell & Co. £140 24 to 25 15900 Reserved. 25 to 26 15900 H. Rustomjee. £... 26 to 27 Reserved. 27 to 28 17300 J. Matheson & Co. £160 28 to 29 J. Matheson & Co. £150 29 to 30 21860 J. Matheson & Co. £230 30 to 31 4644 R. Gully. £35 32 to 33 33 to 34 8755 Jamieson and How. £GA 34 to 35 8000 John Smith. £57 36 to 37 9600 Jobo Smith. £67 37 to 38 Framjee Jamserjee. £4 38 to 39 7616 Charles Hart. £57 40 to 41 6000 Macvicar & Co. £75 41 to 42 9700 Macvicar & Co. £95 42 to 43 11500 Fox, Rawson & Co. £100 43 to 44 16500 44 to 45 Turner & Co. £115 45 to 46 Reserved. 46 to 47 30600 Captain Latkins. £265 47 to 48 35000 P. F. Robertson. £250 49 to 50 Not sold. Captain Morgan. £205...
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