(Dan. 126.)
1975.
such breach, or assignment or undeclease, or agreement to assign or underlet shall be deemed to be a breach of a covenant in the Crown lease, or of a condition or stipulation of the tenancy of such land, and a right of re-entry thereon under the Crown Rights (Re-entry and Vesting Remedies) Ordinance shall be deemed to have accrued to the Crown.
(2) Where a right of re-entry is deemed under sub- section (1) to have accrued to the Crown and in exercise of such right the Crown has re-entered upon the land, any person who has taken an assignment or underlease, or has, entered into an agreement to take an assignment or under». lease, of an undivided share of or in the land together with the right to exclusive possession, use, occupation or enjoy. ment of any portion of any building to be erected therein shall, in addition to any other claim he may have, be entitled to recover from the person to whom it was paid any monér or other property which passed, whether by way of considers ation or otherwise, under or by virtue of such assignment. underlease or agreement.
(3) Subsection (1)(6) shall not apply to an assignment or underlease of, or an agreement to assign or vodeclet, an undivided share of or in land where the consideration or part of the consideration therefor is the erection of the building to be erected on the land pursuant to an order. made under section 4.**.
Passed by the Hong Kong Legislative Council this 16th day of July.
интеле
Clerk to the Legislative Council,
This printed impression has been carefully compared by me with the bill, and is found by me to be a true and correctly printed copy of the said bill.
лючае
Clerk to the Legislative Council.
I assent.
M
Governer.
Nakaka