3
BI
333
to be paid by or refunded to the Purchaser in respect of such excess or deficiency will be calculated at the rate of .75.cente...per square feet. Crown Rent will be adjusted to the nearest even dollar at the rate of $300.jon
..per acre per annum.
xkxány.xwengingyaoxfoxmed to be banderaworzn>Govezana soxty freex aly 2001
shall
10.xkk When the General and Special Conditions herein contained have been complied
with to the satisfaction of the Director of Public Works, the Purchaser of the Lot be entitled to a Lease from the Crown of the Piece of Ground comprised in such Lot for 75 years, to commence on the date on which possession shall be given at such Annual Rental payable half-yearly on the 24th day of June and the 25th day of December in each and every year as is specified in the Particulars of such Lot herein before contained; and such Crown Lease shall be subject to, and contain all Exceptions, Reservations, Covenants, Clauses and Conditions inserted in the Crown Leases of similar Lots in the Colony of Hongkong, or which may be required for the purpose of providing for or carrying out any of the General and Special Conditions herein contained affecting the said Lot or the title thereto. The Lease shall also contain a proviso that the Lessee is to have the option of renewing the Lease
for one further term of 75 years at a Crown Rent to be fixed by the Surveyor of His Majesty the KING.
11.xx Should the Purchaser neglect, or fail to comply with these Conditions or any of them, his Premium, or any portion thereof which may be paid, shall be thereupon forfeited to His Majesty, who shall be at full liberty either to enforce the sale, or to re- sell the Property either by Public Auction or Private Contract at such time and place and in such manner as to His Majesty shall seem fit, and in case of a re-sale the increase, if any, of the Premium or Purchase Money shall be retained by His Majesty, and the deficiency, if any, and all costs and expenses shall be made good by the Purchaser and be recoverable as liquidated damages, or at the option and pleasure of His Majesty, to re-enter and resume the property as if no sale had ever taken place, in which case also the premium paid by the Purchaser shall be thereupon wholly forfeited to His Majesty. But such re-entry shall not exonerate the present Purchaser upon a subsequent re-sale of the property to make good the deficiency, if any, upon such re-sale, and all costs and expenses as ascertained to be recoverable as aforesaid.
12.xkk Possession of the Lot sold shall be given to the Purchaser, and deemed to have been taken by him, on the date of a letter from the Director of Public Works stating that the Lot is at the disposal of the Purchaser.
66
""
13.xkk The expression 'Purchaser used herein shall in every case include the purchaser and where the context so admits or requires his executors, administrators or assigns, and in the case of a corporation its successors or assigns.
14.xx The foregoing General Conditions shall be read and construed as varied or
modified by the Special Conditions hereinafter contained.
SPECIAL CONDITIONS OF SALE HEREINBEFORE REFERRED TO.
(a) The lot to be used only for the purposes of a Gas Works and the
erection of such offices & quarters as may be considered necessary for the accommodation of the staff.
The Crown Lease shall contain covenants to this effect.
(1) The buildings on or to be erected upon the lot shall be used,
kept and maintaineù for the purposes for which the same are used or are to be erected as provided by Condition (a) and shall not, without the previous licence of the Governor in Council be used for any other purposes whatsoever.
No comments yet.
Private notes are available after approval.