Auction of Personalised Vehicle Registration Marks tomorrow

  The Transport Department (TD) today (October 26) reminded people that the tenth auction of personalised vehicle registration marks (PVRMs) would be held tomorrow (October 27) at Meeting Room 401, Hong Kong Convention and Exhibition Centre in Wan Chai.

     A list of 240 approved PVRMs for auction can be downloaded from the department's website www.td.gov.hk. The reserve price for all these marks is $5,000.  Applicants who have paid a deposit of $5,000 are required to participate in the bidding (including the first bid at the reserve price); otherwise, the PVRM concerned may be sold to another bidder.

     Bidders are also reminded to bring along the following documents with them for completion of registration and payment procedures immediately after the successful bidding:

(a) the identity document of the successful bidder;
(b) the identity document of the purchaser if it is different from the successful bidder;
(c) a copy of the certificate of incorporation if the purchaser is a body corporate;
(d) the receipt of payment of a deposit of $5,000 if the purchaser is the applicant for the PVRM concerned; and
(e) a crossed cheque made payable to 'The Government of the Hong Kong Special Administrative Region'.  (Payment by post-dated cheques, cash or other methods will not be accepted.)

     People who want 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, Cap. 374E.
(b) No change to the arrangement of letters, numerals and blank spaces of a PVRM i.e. single and two rows as auctioned will 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.  No subsequent alteration of the particulars in the Memorandum will be allowed.

     Upon completion of the Memorandum of Sale of PVRM, the purchaser will be issued a receipt and a Certificate of Allocation of PVRM.  A department spokesman added that the certificate of allocation would 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 contained therein.  For transfer of vehicle ownership, this certificate together with other required documents should be produced to TD for processing.

     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.

Ends/Friday, October 26, 2007
Issued at HKT 10:01

Attachment: PVRM auction on October 27