To:
SAVINGRAM.
Secretary of State for the Colonies.
From: Governor, Hong Kong.
No.
202 (1/2914/46).
Date: 24th September, 1946.
Your Saving No.188.
Disposal of Crown Lands.
54369
The danger of leases being acquired by speculators and
passed on at a profit is excluded by a special Condition of
his Sale in the following terms. Quote. The purchaser,
executors, administrators or permitted assigns shall not, except by way of mortgage, assign, underlet or part with the possession or otherwise dispose of the Lot or any part
thereof or any interest therein nor enter into any agreement
so to do without the consent of the Governor unless and until
he has expended upon the erection of buildings on the Lot the
sum required in Clause 9 of the General Conditions of Sale. Unquote. Clause 9 of the General Conditions is the "building
covenant".
T.M. H.
RECEIVED
-7 OCT 1946
C.O. REGY
23