TNAG-2957-FCO40-4236-Future-of-Hong-Kong-British-Consulate-General-Colvin-House--1993 — Page 44

grant.NAT.JRB

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COLVIN HOUSE PRIVATE TREATY GRANT, SPECIAL CONDITION 14

SPECIAL CONDITION 14

The Government shall have full power to resume, re-enter upon and re-take possession of all or any part of the lot if required

for the general improvement of Hong Kong or for any other essential public purpose, 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, upon receipt of the

compensation monies referred to below, 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:-

(a) in respect of the land resumed one fifty-fourth of such

amount as has been 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 between the Government and the Grantee to

be the full cost of equivalent re-instatement in alternative premises including all ancillary costs incurred by the Grantee as a result of the exercise of the Government's power under this

Special Condition 14. In the event of failure to reach agreement on the said sum on or prior to the date six months before the scheduled date for resumption, the sum shall be

determined by an independent chartered surveyor to be nominated

at the request of either the Government or the Grantee by the