664765-1887-Land-Sale — Page 2

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THE HONGKONG GOVERNMENT GAZETTE, 16TH JULY, 1887.

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 $10.

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 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 $10 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 Surveyor General, for the Purchaser, at each angle of the Lot.

5. The Purchaser of the Lot shall also 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 build and finish, fit for occupation, before the expiration of twelve calendar months from the day of sale, in a good, substantial and workmanlike manner, one or more good and permanent building or buildings upon some part of his Lot, with brick or cut stone and lime mortar walls, and tile roof, and in other respects in accordance with the conditions of the Buildings Ordinance, No. 8 of 1856, and shall lay out and expend thereon the sum of Seven thousand Dollars ($7,000) at the least.

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 every Year.

8. When the conditions herein contained have been complied with to the satisfaction of the Surveyor General the Purchaser shall be entitled to, and shall execute on demand a Lease from the Crown of the Lot for 75 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 the 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 Kaulung Inland Lots in the Colony of Hongkong, and also a provision that, if in the event of War with a Foreign power it should become necessary in the opinion of the Officer Commanding Her Majesty's Forces for the buildings then standing upon the lot to be wholly or partially removed, then the same may be removed, by the orders of such Officer Commanding Her Majesty's Forces without notice, and the Purchaser shall have no claim against the Crown for compensation in respect of

any such removal.

9. Should the Purchaser neglect, or fail to comply with these Conditions, his Premium or any por- tion 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 Lot 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.

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.

MEMORANDUM OF AGREEMENT BY THE PURCHASER.

of

Memorandum that

the person whose name is hereunder written has been declared the highest bidder for the Lot described in the foregoing Particulars of Sale and hereunder specified opposite to his said name and signature respectively, and does hereby agree with Her Majesty the QUEEN to become the Lessee thereof under and subject to the foregoing Conditions of Sale, and on his part to perform and abide by the said Conditions.

Number

of Sale Lot.

and

Registry Number Description of Lot Purchased.

Amount of Annual Rental. Premium at which

Purchased.

Signature of Purchaser.

1 Kaulung Inland Lot No. 395

$666