631102-1899-Land-Sale — Page 2

1728 THE HONGKONG GOVERNMENT GAZETTE, 4TH NOVEMBER, 1899.

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 $20.

3. Immediately after the fall of the hammer, the Purchaser 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.

4. The Purchaser of the Lot shall also pay to the Land Officer, on behalf of Her Majesty the QUEEN, the sum of $15 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 Her Majesty the QUEEN, a Fee of $15 upon the execution of the Crown Lease thereof.

6. The Purchaser of the Lot shall reclaim the whole area and shall build and finish, fit for occupation, before the expiration of two years from the day of sale, in a good, substantial and work- manlike manner, one or more good and permanent messuage or tenement upon some part of his Lot, with walls of stone or brick and lime-mortar and roof of tiles or such other materials as may be approved by the Director of Public Works, and in other respects in accordance with the conditions of the Building Ordinances, No. 15 of 1889, No. 25 of 1891, and No. 7 of 1895, and shall expend upon such improvements a sum of not less than $5,000. The reclaimed area to be protected in a substan- tial manner to the satisfaction of the Director of Public Works.

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, anl there- after 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 hereinbefore mentioned.

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 Piece of Ground comprised in such 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 such Crown Lease shall be subject to, and contain, all Exceptions, Reservations, Covenants, Clauses, and Conditions inserted in the Crown Leases of Marine Lots in the Colony of Hongkong.

9. Should the Purchaser neglect, or fail to comply with these Conditions, his Premium, or any portion thereof which may be paid, shall be thereupon forfeited to Her Majesty, who shall be at full liberty either to enforce the Sale, or to re-sell the Poperty at such time and place, and in such manner as to Her 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 Her 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 Her Majesty to re-enter and resume the property as if no sale had ever taken place, in which case also the premium paid by the Purchaser shall be thereupon wholly forfeited to Her 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.

10. Possession of the Lot sold shall be given to the Purchaser, and 'deemed to have been taken by him, on the day of sale.

SPECIAL CONDITIONS.

1. The Purchaser will be permitted to remove earth from Crown Land for the purposes of the reclamation of the Lot and road adjoining, subject to the approval of, and permit from, the Director of Public Works.

2. The exact Boundaries of the Lot to be defined by the Director of Public Works.

3. The Purchaser of the Lot shall form a road 40 feet wide along the western and northern boundaries of his Lot and shall connect the same by means of a road 40 feet wide to the main road from Hung Hom to Kowloon City, all to such levels, and protected by sea walls in such a way, as may be approved by the Director of Public Works.

4. The Purchaser shall pay such Crown Squatters as will be disturbed by the reclamation of the Lots and adjoining roads such compensation as may be fixed by the Director of Public Works.

Director of Public Works.