He is advised that since the conditions
of sale have not been fulfilled (through circumstances beyond your Company's control) no Crown
lease exists of
it cannot therefore be assigned.
(ii). An assignment of the conditions of sale is
impracticable, since they
were drafted specially
to meet the requirements of the paceless. your Company.
(iii) Therefore the Garr proposes
to terminate the contract
44 [pures of (3)]
to allow
your Company [pare 8 of (3)]
1
as
an act of grace,
to refund 75% of the premium paid less H.K.$ H.K. $ 10,519, being the Cram Rent for the first half of 1950 which remains unpaid, waiving
the right to Crown Rent for the second half of
to a refund of out-of-pocket expenses.
the year
о
Mi Griffiths wo be glad to know as
Som as
possible
whether your Company are prepared to accept terminatio
the abure terms, so that due
of the contract on provision for the refund may
estimates.
am
etc.
be made in the H.K.