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14
NOTE:
(a) The grantee shall before the 4th of March,
1933, expend a sum of not less than
$350,000 in rateable improvements on the
lots.
(e) Certain areas shall be used exclusively
for the following purposes:-
(i) Godowns or
(ii) Industries necessitating shipping
accommodation.
(f) Possession of the existing Shaukiwan Road
now crossing the two lots will not be given
until the receipt of a letter from the
Director of Public Works stating that the
area is at the disposal of the grantee (road diversion in progress).
(g) The lease will carry Marine rights over the
whole of the sea frontage subject to
(h)
detailed arrangements for road reservations.
Proviso for re-entry on failure of grantee
to fulfil the conditions of the agreement.
As a preliminary to this agreement Mr. Kwik will
surrender all his present rights and claims in the Lots and will release, indemnify and absolutely discharge the Governor and Government of Hong Kong from all claims for loss or damage (if any) which he
may have against the said Government.
7. Difficulties naturally arose in reducing the
new conditions to the form of a definite and final
The majority were of a technical nature,
agreement.
and