TNAG-2662-FCO40-3858-Future-of-Hong-Kong-British-Consulate-General-1992 — Page 48

COLVIN HOUSE PRIVATE TREATY GRANT, SPECIAL CONDITION 14

Begins:

SPECIAL CONDITION 14

deletion

sa

OED Fax of 5/11

The Government shall have full power to resume, re-enter upon and re-take possession of all of the lot if required for the improvement of Hong Kong or for any other essential public

purpose whatsoever, twelve calendar months' notice being given

to the Grantee of its being so required, and upon the exercise of this power the Grantee's tenancy of the land so resumed

shall cease, determine and be void, and the Grantee shall on

the expiration of the said notice quit and deliver up possession of the land so resumed and the buildings thereon. Upon the exercise of the power there shall be paid by the Government to the Grantee the following compensation only:-

—

(a) in respect of the land resumed one fifty-fourth of such amount as has been reasonably expended by the Grantee on site formation of the said land and infrastructure multiplied by the number of complete years in the portion of the said term unexpired at the date of resumption;

(b) in respect of any building or buildings or parts of any building or buildings lawfully erected on the land resumed

such sum as shall be agreed to be the full cost of equivalent re-instatement in alternative premises including all ancillary costs reasonably incurred by the Grantee as a result of the exercise of the Grantor's power under Special Condition 14.

Ends

spec.cond.BTC

JEB