O
CONDITIONS
OF
SALE.
51
4 (continued).
1.
The highest bidder above the upset price shall be the Purchaser
and if any dispute arise between two or more bidders, the Lot in
dispute shall be put up again at a former bidding.
2. No person shall at any bidding advance less than $5.
3.
Immediately after the fall of the hammer, the Purciser shall
sign the Memorandum of Agreement, hereinafter contained, for
completing the purchase according to these Conitions, 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
be en purchased.
4.
J
The Purchaser of the Lot shall also pay to the Land Officer
on behalf of Her Majesty the queen, the sum of $15 within three
days of the day of sale, for and in consideration of the Boundary
Stones, properly cut, fixed, and marked with the Registry Number,
which shall be placed by the Director of Public Works, for the
Purchaser, at each angle of the Lot.
5. The Purchaser of the Lot shall pay to the Land officer, on
behalf of Her Majesty the queen, a Fee of $15 upon the execution
of the Crown Lease thereof.
6.
The Purchaser of the Lot shall, before the expiration of
twenty-four calendar monthe from the day of sale, expend thereon
a sum of not less than $50,000 in rateable improvements, and all
works carried out thereon shall be subject to the provisions of
the Buildings Ordinances, Nos. 15 of 1889, and 25 of 1891.
7. The Purchaser of the Lot shall pay into the Treasury a propor-
ticnate part of the annual rental specified in the particulars
hereinbefore contained on the 25th day of December next, and there-
after shall pay such annual rental by equal half-yearly payments
on the 24th day of June, and the 25th day of December in sach and
every year during the term of 999 years hereinbefore mentioned.
1.
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