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12 THE HONGKONG GOVERNMENT GAZETTE, JAN. 5, 1906.
8. The Purchaser of the Lot shall pay into the Colonial Treasury a pro- portionate part of the annual rental specified in the particulars hereinbefore con- tained on the 24th day of June next, and thereafter shall pay such annual rental by equal half-yearly payments on the 25th day of December, an the 24th day of June, in each and every year during the term of 75 years hereinbefore mentioned.
9. When the conditions herein contained have been complied with to the satisfaction of the Director of Public Works, the Purchaser of the Lot shall be entitled to and shall execute, on demand a Lease from the Crown of the Piece of Ground comprised in such Lot for 75 years, to be computed fron the day of sale at such Annual Rental, payable half-yearly on the 24th day of June and the 25th day of December, in every year, as is specified in the Particulars of such Lot hereinbefore contained; and such Crown Lease shall be subject to, and contain, all Exceptions, Reservations, Covenants, Clauses and Conditions inserted in the Crown Leases of Kowloon Inland Lots in the Colony of Hongkong. The Lease shall also contain a proviso that the Lessee is to have the option of renewing the Lease for one further term of 75 years at a Crown Rent to be fixed by the Survey- or of His Majesty the KING.
10. Should the Purchaser neglect, or fail to comply with these Conditions, his Premium, or any portion thereof which may be paid, shall be thereupon for- feited to His Majesty, who shall be at full liberty either to enforce the sale, or to re-sell the Property at such time and place, and in such manner as to His Majesty shall seem fit, and in case of a re-sale the increase, if any, of the Premium or Purchase Money shall be retained by His Majesty, and the deficiency, if any, and all Costs and expenses shall be made good by the defaulter and be recoverable as liquidated damages, or at the option and pleasure of His Majesty to re-enter and resume the property as if no sale had ever taken place, in which case also the pre- mium paid by the Purchaser shall be thereupon wholly forfeited to His Majesty. But such re-entry shall not exonerate the present Purchaser upon a subsequent re-sale of the property to make good the deficiency, if any, upon such re-sale, and all costs and expenses as ascertained to be recoverable as aforesaid.
11. Possession of the Lot sold shall be given to the Purchaser, and deemed to have been taken by him, on the day of sale.
12. In the event of the Purchaser assigning the benefit of the underwritten agreement, the assignee shall be bound by the foregoing and following conditions of sale, and all powers and remedies shall be enforceable against him to the same extent as if such assignee were the original Purchaser.
SPECIAL CONDITIONS.
1. The Purchaser to raise the whole area of the Lot to the levels approved by the Director of Public Works, and fill in the portion hatched green on the sale plan.
2. The Purchaser of the Lot will, subject to the written approval of the Director of Public Works, be allowed to remove earth from Crown Land in the vicinity at such points as may be pointed out by that Officer, for the pur- pose of filling in the Lot.
3. The plants in the Government Nursery may not be disturbed before the last day of March, 1906, without reference to the Botanical and Afforestation Department.
4. The exact boundaries of the Lot to be determined before the issue of the Crown Lease, and premium and Crown Rent then adjusted in accordance with the area and the amounts of premium and Crown Rent at which the Lot was sold.
A
Director of Public Works.
1
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