709061-1868-GOVERNMENT-NOTIFICATION-NO-27 — Page 1

78

No. 27.

THE HONGKONG GOVERNMENT GAZETTE, 29TH FEBRUARY, 1868.

GOVERNMENT NOTIFICATION.

The following Particulars and Conditions of Sale of Crown Land and Buildings thereon by Public Auction to be held on the 26th Proximo, at Noon, are published for general information.

By Command,

CECIL C. SMITH,

Acting Colonial Secretary.

Colonial Secretary's Office, Hongkong, 26th February, 1868.

Particulars and Conditions of the Letting by Public Auction Sale to be held on Thursday, the 26th day of March, 1868, by Order of His Excellency The GOVERNOR, of a certain Lot of Crown Land in the Colony of Hongkong for a Term of 999 Years.

No. of

Sale.

1

Registry

No.

PARTICULARS OF THE LOT.

Boundary Measurement.

Locality.

Contents in

Annual Rental.

Upset Price.

Square ft.

N. S. E.

W.

Queen's Road and Bonham Strand,

58 100 120.6 3,839

$50.76

$7,000

(late Water Police Station)

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CONDITIONS OF SALE.

1. The highest bidder above an upset price of $7,000 shall be the Purchaser, and if any dispute arise the Lot shall be put up again at a former bidding.

2.--No person shall at any bidding advance less than $100.

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 a deposit of one fifth of the amount of Premium at which the Lot shall have been knocked down, and within one Calendar Month from the day of Sale at the aforesaid Treasury pay two of the remaining four fifths of such Premium, and at the end of five Calendar Months from the day of Sale pay the remaining two fifths of the said Premium.

4. The Purchaser of the Lot shall be entitled to and shall execute on demand a Lease from the Crown of the Piece or Parcel of Ground comprised in such Lot for 999 Years, to be computed from the 26th day of March 1868, at such Annual Rental payable half yearly on the 24th 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 the exceptions, reservations, covenants, clauses, and conditions usually inserted in the Crown Leases of Inland Lots in the Colony of Hongkong and contained in the Printed Form of Crown Lease in Schedule A annexed hereto.

5.-The Purchaser of every Lot shall pay to the Surveyor General on behalf of Her Majesty The QUEEN a Fee of $5 upon the execution of the Crown Lease thereof.

6. 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.

7.- Possession of every Lot sold shall be given to the Purchaser and deemed to have been taken by him on the day of sale.

Schedule A.

The Printed Form of Crown Lease referred to in the foregoing conditions of sale can be inspected on application at the Surveyor General's Office previously to the sale.