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PROPOSED TERMS OF THE SALE AND CROWN LEASE.
1. In consideration of payment of the agreed premium and upon completion of the reclamation of the above described Lot to the satisfaction of the Director of Public Works, it is proposed to grant a Crown Lease of the whole of the area coloured red on the said plan and having a total area of 60,000 square feet for the term of 75 years commencing from the date of sale, renewable for a further term of 75 years at a re- · assessed Crown Rent. The amounts of the premium and Crown Rent are subject to re-adjustment when the reclamation has been completed in accordance with the area actually occupied.
2. The Crown Lease of the area coloured red on the said plan will be subject to and contain all Exceptions, Reservations, Covenants, Clauses, and Conditions usually inserted in the Crown Lease of Kowloon Inland Lots in the Colony of Hongkong; the Lease. will also specify the purpose for which the land is leased (.e., whether for the purpose of reclamation, building dwelling houses, factories, or godowns for the storing of coal or other goods, or whether for any other purpose) and shall contain a proviso that in the event of the Lessee, his executors, administrators, and assigns, or successors and assigns (as the case may be) failing, at any time during the continuance of the term of the said Lease, to use the demised land for the purpose so specified as aforesaid, without the previous licence or consent of His Majesty, His Heirs, Successors or Assigns, signified in writing by the Governor, then it shall be lawful for His Majesty, His Heirs, Successors or Assigns, by the Governor or by any officer authorized by him in writing, to re-enter on the land, foreshore and sea bed included in and demised by such Lease or any portion thereof in the name of the whole, and thereupon the same shall be forfeited to and vest in the Crown; the Lease will also contain in particular a reserva- tion to the Crown of all mines and minerals under the demised land. The Lease will also contain a proviso that the Lessee is to have the option of renewing the Lease for a further term of 75 years at a re-assessed Crown Rent to be fixed by the Surveyor of His Majesty the KING.
3. The Lessee of the Lot will also have to pay the sum of $25 for boundary stones required to define the Lot and $30 for the Crown Lease.
No. S. 291.--Notice is hereby given under section 3 of the Foreshores and Sea Bed Ordinance, 1901, that all persons having any objections to the granting of the Lease as above described must send in particulars of their objections in writing to the Colonial Secretary before the expiration of a period of one month from the 22nd day of October, 1920, and all such objections will be considered by the Governor in Council.
And notice is also given that if after the expiration of such period of one month the Governor in Council shall declare it to be expedient to grant a Lease of the said Lot, such Lot will be leased, and the Crown Lease of the Lot shall be deemed to demise to the Lessee the foreshore or sea bed included in such Lease free and discharged from all rights, privileges, profits-à-prendre, and easements, whether public or private, which may have existed or may be claimed in or over such foreshore and sea bed, so far as is necessary for carrying out the purposes for which the land is leased,
W. CHATHAM, Director of Public Works.
22nd October, 1920.
COLONIAL SECRETARY'S DEPARTMENT.
No. S. 128.—It is hereby notified that the Government intends to offer for sale by public auction, on or about the 1st November next, the whole of the area of Crown land at the corner of Pedder Street and Queen's Road Central, formerly occupied by the Post Office, Supreme Court and other Government Buildings, as delineated upon a plan which may be seen in the Public Works Office. The entire area available for sale amounts to about 36,500 square feet. The Government is prepared to consider proposals from intending purchasers for subdividing the entire area into lots of moderate size.
Subject to certain reservations as to the manner in which any building to be erected on the area may be occupied, the Government is prepared to sanction the erection of buildings not exceeding a height of 125 feet.
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