5411-1906-Land-Sale--North-Point — Page 1

1926

THE HONGKONG GOVERNMENT GAZETTE, OCT. 26, 1906.

PUBLIC WORKS DEPARTMENT.

No. 902.-Particulars and Conditions of the letting by Public Auction Sale. to be held on Monday, the 5th day of November, 1906, at 3 pm, at the Offices of the Public Works Department, by Order of His Excellency the Governor of One Lot of Crown Land at North Point in the Colony of Hongkong, for a term of 75 years, with the option of renewal at a Crown Rent to be fixed by the Surveyor of His Majesty the KING, for one further term of 75 years.

PARTICULARS OF THE LOT.

No.

Boundary Measurements.

Contents

of

Registry No.

LOCALITY.

Sale.

in Sq. ft.

Anual Upset

Rent.

Price.

N. W. S. E.

N. E. S. W.

feet.

feet.

feet.

feet.

1

Marine Lot No. 293.

North Point.

150.4"

156

328

338

49,950

688 17,482

CONDITIONS OF SALE.

1. The highest bidder above the upset price shall be the Purchaser, and if any dispute. arise between two or more bidders, the Lot shall be put up again at a former bidding.

2. No person shall at any bidding advance less than $200.

3. Immediately after the fall of the hammer, the Purchaser of the Lot shall sign the Memorandum of Agreement, hereinafter contained, for completing the purchase according to these Conditions, and shall, within Three Days of the day of sale, pay into the Colonial Treasury the full amount of Premium at which the Lot shall have been purchased by him.

4. The Purchaser of the Lot shall also pay into the Colonial Treasury on behalf of His Majesty the KING, the sum of $25 within three days of the day of sale, for and in consideration of the Boundary Stones, properly cut, fixed, and marked with the Registry Number, which shall be placed by the Director of Public Works, for the Purchaser, at each angle of the Lot.

5. The Purchaser of the Lot shall pay to the Land Officer, on behalf of His Majesty the KING, a Fee of $30 upon the execution of the Crown Lease thereof.

6. The Purchaser of the Lot shall expend thereon a sum of not less than $20,000 in rateable improvements, within 48 months of the date of sale.

7. The Purchaser of the. Lot shall pay into the Treasury a proportionate part of the annual rental specified in the particulars hereinbefore contained on the 25th day of December next, and thereafter shall pay such annual rental by equal half-yearly payments on the 24th day of June and the 25th day of December in each and every year during the term of 75 years.

8. 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 land comprised in the Lot for 75 years, to be computed from the day of sale at such Annual Rental, payable half-yearly on the 25th day of December and the 24th day of June, in every year, as is specified in the Particulars of such Lot hereinbefore contained; and the Crown Lease shall be subject to, and contain, all Exceptions, Reservations, Covenants, Clauses, and Conditions usually inserted in the Crown Leases of Marine Lots in the Colony of Hongkong; the Lease shall also specify the purposes for which the land is leased (ie., whether for the purpose of reclamation, building dwelling houses, factories, or godowns for the storing of coal or other goods, or whether for any other purpose) and shall contain a proviso that in the event of the lessee, his executors, administrators and assigns, or successors (as the case may be) failing, at any time during the continuance of the term of the said Lease, to use the demised

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