CONFIDENTIAL
WING LUEN TAILORS
ORIGINAL STATUTORY OFFER HK DOLLARS 35,210.
FINAL SETTLEMENT HK DOLLARS 55,895.77.
IT IS NOT KNOWN WHETHER THIS BUSINESS HAS BEEN RE-ESTABLISHED
ELSEWHERE.
THE OWNERS OF THE BUSINESSES WHOSE CLAIMS ARE OUTSTANDING HAVE
BEEN PAID ADVANCES OF COMPENSATION IN THE AMOUNT OF THE ORIGINAL STATUTORY OFFERS. BECAUSE IT TOOK SOME TIME TO OBTAIN THE EVIDENCE ON WHICH TO BASE STATUTORY OFFERS, THESE WERE PRECEDED BY EX-GRATIA OFFERS OF CASH ASSISTANCE AT A RATE OF HK DOLLARS 40 PER SQUARE FOOT OF BUSINESS AREA OCCUPIED AND LOWER RATES FOR ANCILLARY USES. THE EX-GRATIA OFFERS WERE, HOWEVER, REFUSED.
MACLEHOSE
FILE S
HKD (3) FED
MGD
MR CORTAZZI
MR MURRAY
COPIES TO:
MR ASHWOOD CRE4 DOT
MR LIPSEY
PRIVATE OFFICE
MR S T KIDD
HONG KONG GOVT OFFICE 6 GRAFTON STREET W.1.
- 4-
CONFIDENTIAL