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COPY.
Enclosure 2.
259
PROVIDED also, and it is hereby further agreed and declared that the said Lessee his Executors, Administrators, or Assigns shall on the expiration of the term hereby granted, be entitled to a renewed lease of the premises hereby expressed to be demised for a further term of Seventy-five years without payment of any Fine or Premium therefor and at the Rent hereinafter mentioned; AND His said Majesty, His Heirs, Successors, or Assigns shall and will at the request and cost of the said Lessee his Executors, Administra- -tors, or Assigns grant unto him or them on the expiration of the term hereby granted a new Lease of the said premises for the term of Seventy-five Years at such Rent as shall be fairly and impartial- -ly fixed by the Surveyor of His said Kajesty, His Heirs, Success- -ors, or Assigns as the fair and reasonable rental value of the ground at the date of such renewal. AND in all other respects such new Lease shall be granted upon the same terms and under and sub- -ject to the sme reservations, covenants, stipulations, provisoes and declarations as are contained in this present Lease with the exception of this proviso for renewal which shall not be contained
in such new Lease.
As to Resumotion.
PROVIDED also, and it is hereby further agreed and declared that His said Majesty, His Heirs, Successors and Assigns, shall have full power to resume, enter into, and retake possession of all or any part of the premises hereby expressed to be demised, if required for the improvement of the said Colony of Hongkong or for any other public purpose whatsoever, three Calendar months' notice being given to the said Lessee his Executors, Administrators, and Assigns of its being so required, and a full and fair compensation for the said Land and the Buildings thereon, being paid to the said Lessee his Executors, Administrators, or Assigns, at a valuation, to be fairly and impartially made by the Surveyor of His Lajesty, His Heirs Successors, or Assigns, and upon the exercise of such power the term and estate hereby created shall respectively cense,
determine and be void.
saidTM
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