SEYLAN BANK LIMITED (FIRST CITY OFFICE)

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

AUCTION SALE OF PRIME COMMERCIAL PROPERTY IN RATNAPURA

ALL that divided allotment of Land together with the buildings trees, plantations and everything thereon. Depicted in Plan No.487 dated 24.11.1930 made by I. S. Thambyah, Licensed Surveyor of the Land called "Kapugeowita" alias Siyambalagahawatta alias Menikhamigewatta, situated at Main Road within the Limites of Municipal Council of Ratnapura in the Bazaar Ward No.10 in Ratnapura two Assistant Government Agents Division the Ranapura Grama Sevaka Division in the Uda Pattu South Kuruwita Korale in the District of Ratnapura Sabaragamuwa Province. (Land in extent 39 Perches).

(The property belonging to Arjun Prithie Dharmadasa of No. 17/1, Lauries Road, Colombo 41 No.21, Lauries Road, Colombo 4 as the "Obligor/Mortgagor" has made default in payment due on Bond Nos. 2040 dated 13th May, 1994 attested by P. R de Livera, Notary Public and 960 dated 22nd April, 1998 attested by D. P. L. H. H. Silva, Notary Public).
Under the Authority granted to me by the Seylan Bank Limited, I shall sell by Public Auction the above mentioned property on Thursday, 2nd August, 2001 commencing 11.30 a.m. at the spot. For Notice of Resolution please refer Government Gazette of 27.10.2000, the "Daily News", "Dinamina" and "Thinakaran" of 07.11.2000 and Notice of Sale in the Government Gazette of 13.07.2001. Mode of Payment: 1. 10% of the Purchase Price at the fall of the Hammer. 2. Balance 90% of the Purchase 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 per cent) of the Sale Price. 5. 50% of the Total Cost of Advertising not exceeding Rs. 31,695. 6. Clerk's & Crier's Fee Rs. 500. 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 AND DAUAs KELAAIU, Court Commissioners and Brokers, Specialist Auctioneers, Appraisers and Realtors. No.381 111, Galle Road, Colombo 4. Telephone: 591167 Phone/Fax: 584874, 500838 Hot Line: 0722-50422 07-357
