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expend a sum of not less than $400,000 in erecting and com- pleting fit for occupation within 48 months of the date of the notification referred to in Condition B above one hun-
dred houses.
(X) All rates shall be paid in accordance with the terms of the Rating Ordinance, 19 01, and any subsequent amending Ordinance
(Y)
(z)
on all properties within "THE RESERVED AREA",
Any buildings erected or works carried out within "THE RESERVED AREA" shall be erected and carried out and main- tained in accordance with the provisions of the Public
as modified by the Shrector of Public Works, Health and Buildinge Ordinance and any amendment thereof)
and adequate insurance shall be effected by the Lessees in respect of all houses and buildings erected to the satis-
faction of the Government.
The Goverment shall grant facilities for the construction of a tramway connecting "THE RESERVED AREA" with the Hectric Tramway Company's system, provided that no expense shall be thereby entailed upon the Government.
(22) The Lessees of "THE RESERVED AREA" shall not be at liberty
Lesores considered Cantial that they
uld have a power
K
to dispose of their interest in any portion of "THE RESERVED
sither AREA* except by way of sub-lease as mentioned in Condition $ gale An order lä
ou by assignmand ma the financial above without
samsent of the Governor-in-Counsil—signi-
a of the scheme-
the evant of the sible noacosity of lization.
fied in writing. In the event of their desiring to relin-
Resemed Cerca and there dreing unable to affecti a male hereof quish "THE RESERVED AREA" or any portion thereof) such shall revert to the Goverment unconditionally with all improve- ments. and thereafter. no staim will be made by the- Government for Crown Rentior Rates payable in respect of the Reservad Area.
The foregoing Conditions are subject in all respects to the approval by the Government in the first instance of the
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