CO129-620-7 Grant of land to London Missionary Society- to Hong Kong Sanatorium and Hospital 16-11-1948 - 7-1-1949 — Page 5

TERMS AND CONDITIONS

1.

Private treaty sale.

2.

Premium.

Normal upset premium at $10.00 per square foot,

or approximately $81,000.00.

3.

Crown Rent. Normal crown rent at the rate of $2,000.00

per acre, or approximately $372.00 per annum.

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4.

Building Covenant.

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End

$300,000.00 to be spent in rateable

improvements within 30 months of the land being placed at their disposal.

5.

Restriction as to user to the purpose for which the grant is made.

6.

Prevention of assignment without the Governor's consent.

7.

Reversion of the land to the Crown in the event of a breach of

the conditions.