Ite
No
4.
Situation
Dealt With
9
Operators of shops cleared form Cottage Areas and the operators of com- mercial undertakings as listed below, cleared from structures previously' covered by Crown Land Licence/Modification of Tenancy or squatter structures covered by the 1976 Squatter Control Survey or relevant district surveys in the New Territories; or in Class III Licensed Areas.
Shops and the following miscellaneous undertakings:
book-lending distribution
centre
fortune-telling
wholesaling
bicycle-hiring
herbalist
medical clinic furniture hiring decorating
temples operated by
individuals
Previous Rates
3
$120 per sq.ft. for initial 50 sq.ft. plus $30 per addi- tional sq.ft. there- after subject to a maximum of $20,000.
Revised Rates
(i) $120 per sq.ft.
remains unchanged for the initial 50 sq.ft.
(ii) the rate of $120 ·
per sq.ft. to be extended from 50 sq.ft. to 75 sq. ft. in an ascending graduated increase formula.
(iii) the rate of $30 per
sq.ft. remains un- changed for the next 425 sq.ft. while a rate of $20 per sq. ft. applies there- after.
(iv) a maximum limit of
$50,000.
(v) the allowance is
extended to include open-sided canopies and storage space in either semi- detached or detached enclosures.
(vi) an allowance of $7
per sq.ft. is extended to open working areas
Main Reasons for Revision
Medium and large
operators were dis- satisfied with the old rates and the maximum limit of $20,000 which were introduced in 1969. The revision ensures that the large operators receive the maximum benefit and this will facilitate clearance. Both (v) and (vi) form an integral part of the business operation.
subject to a maximum limit of $25,000 and a minimum qualifying area of 100 sq.ft. subject to an overall maximum of $50.00
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