6038-1907-Land-Sale-Fu-Tau-Chau — Page 2

THE HONGKONG GOVERNMENT GAZETTE, JANUARY 11, 1907.

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9. When the Conditions herein contained have been complied with to the satisfaction of the Director of Public Works, the Purchaser of the Lots shall be entitled to, and shall exe- cute, on demand, Leases from the Crown of the Pieces of Ground comprised in such Lots for 75 years, to be computed from the 1st day of July, 1898, at such Annual Rentals, pay- able 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 Lots hereinbefore contained; and such Crown Leases shall be subject to, and contain, all Exceptions, Reservations, Covenants, Clauses and Con- ditions inserted in the Crown Leases of Inland and Farm Lots in the Colony of Hongkong. Each Lease shall also contain a proviso that the Lessee is to have the option of renewing the Lease for one further term of 24 years less 3 days at a Crown Rent to be fixed by the Sur- veyor of His Majesty the KING.

10. Should the Purchaser of the Lots neglect, or fail to comply with these Conditions, his Premium, or any portion thereof which may be paid, shall be thereupon forfeited to His Majesty, who shall be at full liberty either to enforce the sale, or to re-sell the properties 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 properties as if no sale had ever taken place, in which case also the Premium 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 properties 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 Lots 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. Subject to the approval of the Director of Public Works the Purchaser to have the right, during two years from the date of sale, to convert any portion of the Farm Lot into an Inland Lot on payment of an additional premium of 2 cents per square foot and of Crown Rent, from the date of approval of such conversion, at the rate of $150 per acre.

2. Unless the buildings are demolished by the Purchaser within two years of the date of sale, the area occupied by the old Chinese Customs Station will be treated as an Inland Lot and the Purchaser will be required to pay premium and Crown Rent in respect of it on the terms stated in Special Condition 1, after the expiry of that period.

3. The existing landing pier to be reserved by Government, but the Purchaser to have the right to use it so long as the Government maintain it, the Government to be under no obligation to maintain a pier.

4. Rights of access to Lots Nos. 10, 11, 13 to 17 inclusive, 24, 29 to 32 inclusive, 40 and 42 to be reserved.

5. The Purchaser to defray the cost of compensating the Lessee of Lot No. 32 for resumption of his lot and the water-tank thereon, which will thereafter be available for public use free.

6. The Purchaser to pay the sum of $500 for the old Chinese Customs Station Build- ings.

7. The Purchaser to have no rights of access to the sea except those already specified in Special Condition 3.

8. No buildings whatever to be erected on any part of the Farm Lot unless such part is first converted into an Inland Lot in accordance with Special Condition 1.