by the said Secretary of State upon the following
terms and conditions, that is
to say: -
1. The said
Lot No
(hereinafter referred to
as the said Lot) shall be
held by the said Secretary of State as part of the property subject to section II of Ordinance No. 6 of 1860.
2. The said Secretary of State shall have full power, when and so soon as the said Lot shall no
longer be required by him for occupation for Military or War Department purposes, to sell the same by public auction or private contract for the term of 999
years commencing from the day of 18.., at such
price or prices as he
may
deem expedient, subject
nevertheless to a Crown Rent of $H.K. 66
per annum,
payable half-yearly by equal payments on the
24th June and 25th December
in each year, such Crown Rent to commence from the day of
and to be
apportionable accordingly,
and subject also to all
the usual covenants, clauses,
powers, and conditions inserted in Crown Leases
of Lots.
The purchase money
realised on
any
sale or sales shall belong and be paid to the said Secretary of State for Imperial purposes.
Upon the completion of any such sale or sales, the purchaser shall be