3
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331
to be paid by or refunded to the Purchaser in respect of such excess or deficiency will be calculated at the rate of $5.00
per square feet. Crop Rent will be adjusted to
pers the nearest even dollar at the rate of $.800.00 ..per acte,annum.
ド
.....
10. Any scavenging lanes formed to be handed over to Government free of cost.
11. When the General and Special Conditions herein contained have been complied with to the satisfaction of the Director of Public Works, the Purchaser of the Lot shall be entitled to a Lease from the Crown of the Piece of Ground comprised in such Lot for 75 years, to commence on the date on which possession shall be given at such Annual Rental payable half-yearly on the 24th day of June and the 25th day of December in each and every year as is specified in the l'articulars of such Lot herein before contained, and such Crown Lease shall be subject to, and contain all Exceptions, Reservations, Covenants, Clauses and Conditions inserted in the Crown Leases of similar Lots in the Colony of Hong Kong,or which may be required for the purpose of providing for or carrying out any of the General and Special Conditions. herein contained affecting the said Lot or the title thereto. The Lease shall also for one contain a proviso that the Lessee is to have the option of renewing the Lease further term of 75 years at a Crown Rent to be fixed by the Surveyor of His Majesty the
KING.
12. Should the Purchaser neglect, or fail to comply with these Conditions or any of them, his Premium, or any portion thereof which may be paid, shall be thereupon forfeited to His Majesty, who shall be at full liberty either to enforce the sale, or to re- sell the Property either by Public Auction or Private Contract at such time and place an in such manner as to His Majesty shall seem fit, and in case ot a re-sale the increase, if any, of the Premium or l'urchase Money shall te retained by His Majesty, and the deficiency, if any, and all costs and expenses shall be made good by the Purchaser and be recoverable as liquidated damages, or at the option and pleasure of His Majesty, to re-enter and resume the property as if no sale had ever taken place. in which case also the premium paid by the Purchaser shall be thereupon wholly forfeited to His Majesty. But such re-entry shall not exonerate the present Purchaser upon a subsequent re-sale of the property to make good the deficiency, if any, upon such re-sale, and all costs and expenses as ascertained to be recoverable as aforesaid
13. Possession of the Lot sold shall be given to the Purchaser, and deemed to have been taken by him, on the date of a letter from the Director of Public Works stating that the Lot is at the disposal of the Purchaser.
14. The expression "Purchaser" used herein shall in every case include the purchaser and where the context so admits or requires his executors, administrators or assigns, and in the case of a corporation its successors or assigns.
15. The foregoing General Conditions shall be read and construed as varied or modified by the Special Conditions hereinafter contained.
SPECIAL CONDITIONS OF SALE HEREINBEFORE REFERRED TO.
(a) The purchaser, his executors, administrators and permitted
assigne shall not, except by way of mortgage, sell or other- wise dispose of or assign the lot in question, without the consent of the Governor in Council unless and until he has expended upon the erection of buildings on the lot the sum required in clause 6 of the general conditions of gale.
(b) The existing structures on the areas shown coloured green &
yellow on sale plan to be removed by the purchaser at his own expense within 12 months of the day of sale.