CO129-540-19 Sale of area at Repulse Bay to the Hong Kong Realty & Trust Company 8-7-1932 - 8-7-1932 — Page 15

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12.XX When the Conditions herein contained have been complied with to the satis- tion of the Director of Public Works, the Lessee of the Lotsshall be entitled to Lease s from the Crown, of the Piece of Ground comprised in such Lots for 75 years, commence on the ★★ZIZızıZx2K2X2ZXZXZXZXZIZ XŻXZX2X2XŻ18XZXZJZXZ XZ XI 12th...day of January,.. 1922. .......at such Annual Rental payable half-yearly on the 24th day of June and the 25th day of December, in each and every in the First Schedule herein- year as is specified in the Particulars of such Lots before contained; and such Crown Lease s 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 xxzxz1zÍZIZKŻEZIZ ÉZ XZXZ XXX İZXZXZXXXZXZXZXZXZXX or which may be required for the purpose of carrying out any of the General and Special Conditions herein contained affecting the Lot 8

shall also title thereto. DaxZızkzxzxZXZ XİZİZ IGXZXZX2X2RXXXXX) The Lease 8

for contain a proviso that the Lessee is to have the option of renewing the Lease one further term of 75 years at Crown Rents to be fixed by the Surveyor of His Majesty the KING.

or the

13.XX Should the Lessee neglect or fail to comply with these conditions or any of them His Majesty shall have full power to retain the property so surrendered or agreed to be surrendered by the Lessee and also to retain any premium which the Lessee may have and to re-sell the same paid and also re-enter and take possession of the new Lots

either by public auction or private contract at such time and place and in such manner as to His said Majesty shall seem fit.

14.IX Possession of the new Lot s shall be deemed to have been given to the Lessee, and to have been taken by him from the date of a letter from the Director of Public Works stating that the new Lots are at the disposal of the Lessee.

15.XX The expression "Lessee" used herein shall in every case include the Lessee or Lessees and where the context so admits or requires executors, administrators and

HIS Their

assigns and in the case of a corporation its successors and assigns.

16. The foregoing General Conditions shall be read and construed as varied or modified by the Special Conditions hereinafter contained.

THE SPECIAL CONDITIONS HEREINBEFORE REFERRED TO.

1) The Lessee shall within three months of the date of this Agreement supply to the Director of Public Works (hereinafter called "the said Director") a general layout plan for the whole of the three lots showing the positions levels and nature of the buildings which it is proposed to erect and such layout plan shall be subject

The whole of the three lots to the approval of the said Director. shall be developed by the Lessee to the satisfaction of the said Director in accordance with the approved layout plan and no alteration shall be made in positions nature or dimensions of the buildings shown on such plan without the consent in writing of the said Director.

(2) Except with the consent of the Governor not more than 15 houses

shall be erected on Lot B and the Purchaser shall not erect on the said Lot B any buildings other than detached or semi-detached residential premises of European type with garages and all proper out-buildings thereto.

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