***********************************************************
The Transport Department (TD) today (June 2) said that the next auction of Personalised Vehicle Registration Marks (PVRMs) would be held on June 14 (Saturday) at Meeting Room 601, Hong Kong Convention and Exhibition Centre, Wan Chai.
¡°A total of 244 approved PVRMs will be put up for public auction. A list of the marks has been posted at the department¡¯s website www.td.gov.hk today,¡± a department spokesman said.
The reserve price of all these marks is $5,000. Applicants who have paid a deposit of $5,000 should also participate in the bidding (including the first bid at the reserve price). Otherwise, the PVRM concerned may be sold to another bidder.
People who wish to participate in the bidding at the auction should take note of the following important points:
(a) The display of a PVRM on a motor vehicle should be in compliance with the requirements stipulated in Schedule 4 to the Road Traffic (Registration and Licensing of Vehicles) Regulations.
(b) Any change to the arrangement of letters, numerals and blank spaces of a PVRM, i.e. single and two rows as auctioned will not be allowed.
(c) Purchasers must make payment of the purchase price by crossed cheque and complete the Memorandum of Sale of PVRM immediately after the bidding of the PVRM concerned. Subsequent alteration of the particulars in the memorandum will not be permitted.
¡°Upon completion of the Memorandum of Sale of PVRM, the purchaser will be issued a receipt and a Certificate of Allocation of PVRM. The certificate of allocation will serve to prove the ownership of the PVRM. Potential buyers of vehicles bearing a PVRM should check the certificate of allocation with the sellers and pay attention to the details therein. For transfer of vehicle ownership, this certificate together with other required documents should be produced to the Transport department for processing,¡± the spokesman said.
For other auction details, please refer to the Guidance Notes - Auction of PVRM, which is available at the department¡¯s licensing offices or can be downloaded from its website.
The department also gave a reminder that the next auction of ordinary and special vehicle registration marks would be held on June 7 (Saturday) at Meeting Room 601, Hong Kong Convention and Exhibition Centre in Wan Chai. A list of 280 vehicle registration marks for auction is available on the department¡¯s website.
Ends/Monday, June 2, 2008
Issued at HKT 18:55
NNNN
