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TUESDAY, AUGUST 30, 1977
AUCTION OF PENG CHAU CROWN LAND
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TWO LOTS OF CROWN LAND ON PENG CHAU ISLAND TOTALLING SOME 11,238 SQ. FT. WERE SOLD FOR $250,000 AT A PUBLIC AUCTION TODAY.
BOTH LOTS, SITUATED AT WAI TSAI PEAK, COMMAND AN EXCELLENT SEA VIEW AND ARE RESTRICTED TO DEVELOPMENT FOR PRIVATE RESIDENTIAL PURPOSES.
THE SENIOR ESTATE SURVEYOR, MR. D.G. DEAR, WHO CONDUCTED THE AUCTION AT THE DISTRICT OFFICE, ISLANDS, INTERNATIONAL BUILDING, STARTED THE OPENING BID FOR LOT NO. 576 AT $120,000 AND LOT NO. 577 AT $75,000.
MR. DEAR DESCRIBED THE PURCHASE BY MR. JOHN FONG, A RESIDENT OF PENG CHAU, AS A SATISFACTORY PRICE+.
THE BUILDING COVENANTS ARE $100,000 AND $125,000 FOR THE TWO LOTS TO BE FULFILLED BY SEPTEMBER 30, 1980, AND THE ANNUAL RENTALS ARE $300.
MAIL DELAY IN ETHIOPIA
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THE POST OFFICE ANNOUNCED TODAY THAT DUE TO TRANSPORT DIFFICULTIES IN ETHIOPIA, SURFACE PARCELS AND LETTERS TO THAT COUNTRY MAY BE SUBJECT TO DELAY.