CO129-543-11 Loans to senior officers for building purposes 20-3-1933 - 15-5-1933 — Page 6

No. 165.

KE

GOVERNMent houSE.

24 APR 1933

HONG KONG,

20th March, 1933.

Sir,

I have the honour to inform you that I have

recently sanctioned the grant to two senior officers

of this Government of loans for the purpose of

assisting them to build houses for their own occupation,

upon the following conditions :-

1.

The land is to be purchased at auction and is

2.

s

3.

4.

5.

6.

7.

to be within the Peak Reservation.

The contractor employed is to be approved by

Government.

The loan is not to exceed 2/3rds of the cost of

land and building or $20,000 whichever is less.

Advances to be made on certificates endorsed by

the Director of Public Works.

Interest at the rate of six per cent per annum to be paid half yearly.

Loan is repayable in twenty equal half yearly instalments commencing in the June or December next

following the completion of the house.

Fire and typhoon insurance to be taken out by the

officer.

A first mortgage on the property to be given to

Government.

THE RIGHT HONOURABLE

SIR P. CUNLIFFE-LISTER, G.B.E., M.C., M.P.,

&c.,

&C.,

&c.

2.

6