68
THE HONGKONG GOVERNMENT GAZETTE, 8TH FEBRUARY, 1896.
GOVERNMENT NOTIFICATION.—No. 39.
The following Particulars and Conditions of Sale of Crown Land by Public Auction, to be held on the spot, on Monday, the 24th day of February, 1896, at 4 P.M., are published for general information.
By Command,
J. H. STEWART LOCKHART, Colonial Secretary.
Colonial Secretary's Office, Hongkong, 8th February, 1896.
Particulars and Conditions of the letting by Public Auction Sale, to be held on Monday, the 24th day of February, 1896, at 4 P.M., by Order of His Excellency the Governor, of Three Lots of Crown Land, at North Point, in the Colony of Hongkong, for a term of 999 Years,
No.
of Sale.
Registry No.
PARTICULARS OF THE LOTS.
Boundary Measurements.
LOCALITY.
Contents in
N.
S.
E.
W.
Square ft.
Annual Rent.
Upset
Price.
feet. feet. feet. feet.
500' 500' 50' 50'
25,000 500' 500' 50' 50' 25,000 300' 300' 230' 280' 84,000
740
14,220
CONDITIONS OF SALE.
M. L. 277
1
I. L. 1,367
North Point,
I. L. 1,366
1. The highest bidder above the upset price shall be the Purchaser, and if any dispute arise between two or more bidders, the Lot in dispute shall be put up again at a former bidding.
2. No person shall at any bidding advance less than $50.
3. Immediately after the fall of the hammer, the Purchaser shall sign the Memorandum of Agree- ment, 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 Lots shall have been purchased.
4. The Purchaser of the Lots shall also pay to the Land Officer, on behalf of Her Majesty the QUEEN, the sum of $45 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 Lots.
5. The Purchaser of the Lots shall pay to the Land Officer, on behalf of Her Majesty the QUEEN, a Fee of $45 upon the execution of the Crown Leases thereof.
6. The Purchaser of the Lots shall before the expiration of one calendar month commence, in a bonâ fide manner to the satisfaction of the Director of Public Works, the reclamation of the foreshore included in Marine Lot 277, and shall before the expiration of six months from the day of sale expend on rateable improvements a sum of not less than $50,000, and before the expiration of a further six months expend on rateable improvements a further sum of $100,000.
7. The Purchaser of the Lots shall pay into the Treasury a proportionate part of the annual rental specified in the particulars hereinbefore contained on the 24th day of June next, and there- after shall pay such annual rental by equal half-yearly payments on the 25th day of December and the 24th day of June in each and every year during the term of 999 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 Lots shall be entitled to, and shall execute, on demand. Leases from the Crown of the Pieces of Ground comprised in such Lots for 999 Years, to be computed from 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 Lots hereinbefore contained ; and such Crown Leases shall be subject to, and contain, all Exceptions, Reservations, Covenants, Clauses, and Conditions inserted in the Crown Leases of Marine and Inland 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 Property 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 Lots sold shall be given to the Purchaser, and deemed to have been taken by him, on the day of sale.
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