SEYLAN BANK LIMITED-MARADANA BRANCH

Sale under Section 4 of the Recovery of Loans by Banks (Special Provisions) Act, No.4 or 1990

AUCTION SALE Of 2 PRIME COMMERCIAL PROPERTIES IN COLOMBO 12 AND 14

ALL that divided and defined allotment of land marked Lot 1 together with the three storeyed building thereon, depicted in Plan No.1116 dated 11th January, 1992 made by Tudor S, Siriwardena, Licensed Surveyor, bearing Assessment No.84, Brassfounder Street (Lokuru Veediya), situated in ward No. 10, Gintupitiya within the Municipal Council Limits of Colombo in the District of Colombo, Western Province (Land in extent 5.63 Perches).

Under the authority granted to me by the Seylan Bank Limited, I 20 shall sell by Public Auction the above-mentioned property on Tuesday, 7th August, 2001, commencing at 10.00 a.m., at the spot.

Also, on the same day at 11.00 a.m., all that divided and defined II allotment of land marked Lot I together with the buildings, trees, plantations and everything else standing thereon, depicted in Plan No. 4314 dated 22nd August, 1993 made by S. Rasappa, Licensed Surveyor and Leveller (being a re-survey of the land depicted in Plan No.9185 dated 6th March, 1985 made by M. I. Sameer, Licensed Surveyor) bearing Assessment No.169, Layards Broadway, situated along Layards Broadway in Grandpass within the Municipality and District of Colombo, in Western Province (Land in extent 6.07 Perches).

(The property belonging to Abdul Jabbar Wassil, Abdul Jabbar Abdul Rakeeb, Abdul Jabbar Aathil and Abdul Jabbar Arshath, all carrying on business in partnership under the name, style and firm of "Shaheeras Jewellers" bearing Registration No. WIA 9963 at No. 94, Dewanampiyatissa Mawatha, Colombo 10 as the Obligors/Mortgagors and Nazeena Abdul Rakeeb of Erukalampitiya, Mannar as the Mortgagor have made default in payment due on Bond No.1384 dated 14.10.1998 attested by D. P. L. H. H. Silva, Notary Public and 4465 dated 20.11.1998 attested by D. M. Swarninathan, Notary Public.)

For Notice of Resolution please refer Government Gazette of 01.12.2000, The Daily News, Dinarnina and Thinakaran of 28.11.2000 and Notice of Sale in the Government Gazette of 13.07.2001.

Mode of Payments:

(I) 10% of the purchased price at the fall of the Hammer;

(2) Balance 90% of the purchased price within 30 working days of the sale;

(3) 1% (one percent) local sales tax payable to the Local Authority;

(4) Auctioneer's commission of 2 112% (Two and a half percent) of the sale price;

(5) 50% of the total cost of advertising not exceeding Rs. 31,071;

(6) Clerk's and Crier's fees Rs. 500; J.

(7) Notary's attestation fees for Conditions of Sale Rs. 2,500.

Title Deeds and other connected documents may be inspected and obtained from the Assistant General Manager (Legal Department), Seylan Bank Limited, 12th floor, Ceylinco Seylan Towers. No.90, Galle Road. Colombo 3.

Telephone Nos.: 074- 701000, 456789.

DUNSTAN & DALLAS KELAART,

Court Commissioners and Brokers,

Specialist Auctioneers,

Appraisers and Realtors.

No.381 1/1. Galle Road.

Colombo 4.

Telephone No.: 591167.

Phone/fax: 584874, 500838.

Hot Line: 0722-50422.

07-356
