Enclosure 2.
Particulars and Conditions of the letting by Public Auction Sale, to be held on Monday,
years,
with
the 31st day of August, 1914, at 3 p.n., at the Offices of the Public Works Department, by Order of His Excellency the Governor of One Lot of Crown Land at North Point, in the Colony of Hongkong, for a term of 75 the option of renewal at a Crown Rent to be fixed by the Surveyor of His
Majesty the KING, for one further term of 75 years.
13
No.
of
Registry No.
Locality.
PARTICULARS OF THE LOT.
Boundary Measurements. (Approximate.)
Contents
Sale.
N.
in sq. feet.
Annual Upset
Rent. Price.
S.
E.
W.
A
feet. feet. feet. feet.
Marine Lot
No. 321.
East of the Royal 500 Hongkong Yacht
500 250 250
125,000 1,292 37,500 (about)
Club's Premises,
North Point.
CONDITIONS OF SALE.
1. The highest bidder above the upset price shall be the Purchaser, and if any dispute arise between two or more bidders the Lot shall be put up again at a former bidding.
2. No person shall at any bidding advance less than $50.
3. Immediately after the fall of the hammer, the Purchaser of the Lot shall sign the Memorandum of Agreement, hereinafter contained, for completing the purchase according to these Conditions, and shall, within Three Days of the day of sale, pay into the Colonial Treasury the full amount of Premium at which the Lot shall have been purchased.
4. The Purchaser shall also pay into the Colonial Treasury on behalf of His Majesty the KING within three days of the day of sale the sum of $25 for and in consideration of boundary stones, which shall be fixed by the Director of Public Works at each angle of the Lot, properly cut and marked with the Registry Number of the Lot, and the Purchaser shall notify the Director of Public Works when he is ready to have the boundary stones fixed. If it is intended that the angles of the Lot shall be covered by buildings, walls or other erections, such notification must be given at least fourteen days before the foundations are up to ground level to enable the boundary stones to be built into such buildings, walls or other erections as the work proceeds. If such notification be not duly given, the Director of Public Works shall be at liberty at any time to enter on the Lot and to cut into any build-
be ings, walls or other erections thereon and to do any other act which
for may necessary the purpose of fixing the boundary stones. Any expense incurred in consequence of such cutting into buildings, walls or other erections, shall be borne by the Purchaser, and the amount thereof shall be paid by him into the Colonial Treasury within three days of receipt of a demand in writing from the Director of Public Works.
5. The Purchaser of the Lot shall pay to the Land Officer, on behalf of His Majesty the KING a Fee of $30 upon the execution of the Crown Lease thereof.
6. The Purchaser of the Lot shall build and finish, fit for occupation, before the ex- piration of thirty-six calendar months from the day of sale, in a good, substantial and workmanlike manner, one or more good and permanent messuage or tenement upon some part of his Lot with walls of stone or brick and lime-mortar and roof of tiles or such other materials as may be approved by the Director of Public Works, and in other respects in accordance with the provisions of all Ordinances, By-laws and Regulations relating to Buildings or Sanitation as shall or may at any time be in force in the Colony, and shall ́ex- pend thereon a sum of not less than $30,000 in rateable improvements.
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