CO129-524-8 Grant of land on Stanley Peninsula for re-erection of St. Stephen's College 7-2-1930 - 7-2-1930 — Page 18

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to bezpaid by wrzefunded farthe Fuzehusexizxzespectæ£xzohzwxcess, au delictextqnetikae calentated at: thezrade of zx2%. ZZ ZX ZZZSPEK ZŊyzarefout Crown Kent will be adjusted to the ncarest even dollar at the rate of $...10.00

.per acre per annum.

zxAmyzscax engang tane forzecztozke.handedzavertoavern rent fresXXONX

9. X. When the General and Special Conditions herein contained have been complied with to the satisfaction of the Director of Public Works, the of the Lot shall 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 hereinbefore 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 Hong Kong, 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,

Grantees

10. 12 Should the Purchasex neglect, or fail to comply with these Conditions or any of them, his Premium, zozany portion zharaf zwhichx an you be paidy AZBE METTUPOM forfeited to His Majesty, who shall be at:fudzliberty ziźbeasta enfoncerthe saley OF LI DEX call the Property either by zPublic: Auction or zPrivate. Contraɛtzt:sucharmerad pizdez andizsuchemarmer zaszło His Majestyshaligeudity and aurcase ofzx ker zaletleri Roade): if any of the:Premizzazz Parehase zMerey zhallzher stained by ziklis Esty Zansk tex deficiency, ifzany, zudall costs and expensesx shall be made zgoodzkyvine zRune kaszy zazİx bezooverable as liquidated damages, or at the option zayt plezanezazkix Majesty,ztoz re-enter zandy resemer the proper bag if ngajezhad exextakerzplzzz whitirecentoz the premium paid by the Purchaser shall be therenpen zwholly forfeiterkztozklis Majesty.x Bad speiz re-entry shall not exergrate the present Purchaser-uren a subaequerkorgesglex of the property to make good the deficiency, at any such ealey andracostavanxix expenses as ascertained to be recoverable as aforesaid. His Majesty shall be at full liberty to re-enter & resume the lot.

Grautees

S an

11. Possession of the Lot shall be given to the Purchaser, and deemed to have been taken by on the date of a letter from the Director of Public Works stating that the Lot is (are) at the disposal of the Rurchaser. Grantees. Grantees

12. 1x The expression Purchaser used herein shall in every case include the Grantees pruchaser and where the context so admits or requires his executors, administrators or assigns, and in the case of a corporation its successors or assigns,

15. 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 Grantees shall not without the consent of the Governor in Council

first had & obtained erect or maintain on the area coloured red on plan any buildings other than for the purposes of a School and housing the resident pupils, masters anu staff in connection therewith. The 3ancol shall be conducted by the St. Stephens College Committee or such other Governing Body as the Governor in Council may approve.

(1) The buildings on or to be erected upon the lot shall be used, kept & maintained for the purposes for which the same are usel or are to be erected as provided by condition (a) & shall not, without the previous licence of the Governor in Council be used for any other purpose whatsoever.