596
THE HONGKONG GOVERNMENT GAZETTE, 4TH JULY, 1885.
GOVERNMENT NOTIFICATION.-No. 274.
The following Particulars and Conditions of Sale of Crown Land by Public Auction, to be held on the spot, on Thursday, the 23rd day of July, 1885, at 4 P.M., are published for general information. By Command,
Colonial Secretary's Office, Hongkong, 4th July, 1885.
FREDERICK STEWART,
Acting Colonial Secretary,
Particulars and Conditions of the letting by Public Auction Sale, to be held on Thursday, the 23rd day of July, 1885, at 4 P.M., by Order of His Excellency the Officer Administering the Govern- ment, of One Lot of Crown Land, in the Colony of Hongkong, for a term of 999 Years.
PARTICULARS OF THE LOT.
No.
of Sale.
Registry No.
Boundary Measurements.
LOCALITY.
N.
S.
E.
W.
Contents in Square ft.
Annual Rent.
Upset
Price.
feet. feet. feet. feet.
£f*
1
Inland Lot No. 963.
The Peak Road, near The Albany,... 200 200
500
500
100,000
514
9,000
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 in dispute shall be put up again at a former bidding.
2. No..person shall at any bidding advance less than $25.
3. Immediately after the fall of the hammer, the Purchaser shall sign the Mcmorandum 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 Registrar of the Supreme Court, 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 pay, to the Registrar of the Supreme Court, on behalf of Her Majesty The QUEEN, a Fee of $5 upon the execution of the Crown Lease thereof.
6. The Purchaser of the Lot shall build and finish, it for occupation, before the expiration of twelve calendar months from the day of sale, in a good, substantial and workmanlike manner, one good and permanent messuage. or tenement upon some part of his Lot, and shall expend thereon a sum of not less than $4,000 (Four thousand dollars.)
7. When the conditions herein contained have been complied with, the Purchaser of the Lot shall be entitled to, and shai' execute on demand a Lease from the Crown of the Piece of Ground comprised in such Lot 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 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 Inland Lots in the Colony of Hongkong.
8. 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.
9. Possession of the Lot sold shall be given to the Purchaser, and deemed to have been taken by him, on the day of sale.
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