KANDURATA DEVEWPMENT BANK

NOTICE of sale under section 9 of the recovery of loans by Banks (Special Provision) Act, No.04 of 1990 and under authority g1'anted to me by the Kandurata Development Bank.

Auction sale of a valuable Land situated at No. 21A, Aluthgama, Kudugala Road, Wattegama containing in extent OA.,IR.,26P.

The Property Mortgaged to the Bank by Mr. W.M.S,S.B. Welagedara. We shall sell by Public Auction on 27th July 2001. Commencing at

10.30 a.m. at the spot said land standing thereon.

For further details please refer to Government gazette of 28.01.2000 Dinamina, Thinakaran and Daily News papers of 08.03.2000.

Mode of Payment.- The successful purchaser will have to pay by the following amounts in cash:

1. 25% of the Purchase Price;

2. 1% Sale Taxes payable to the locale authority;

3. Auctioneers commission of 2.5% of the purchase price;

4. Totai cost oi Advertising Rs. 37,604,52; 5. Clerks and criers fee of Rs. 500;

6. Notary's fee for condition of sale Rs. 2,000.

The balance 75% of the purchase price to be payable within 30 days from the date of sale. For further particulars and title deeds and condition of sale, contact the Head Office, Kandurata Development Bank, Heerassagala Road, Kandy.

Telephone: 08-234536, 08-217067

M/s. SCHOKMAN AND SAMARAWJCKRAME,

Government and Court Recognised

Pioneer Charted Auctioneers.

Head Office & Show Rooms:

No.24, Torrington Road,

Kandy.

Tel: 08-224371, 225225,

Fax: 08-224371, 344844,

City Office & Auction Room:

No. 55A, Dharmapala Mawatha,

Colombo.03.

Tel: 01-448526, 441761

Fax: 01-448526, 575214
