80 A
86
R 535
CONFIDENTIAL
CONFIDENTIAL
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60 JUL 1979
18. S
FM HONG KONG 300611Z JUL 79
TO IMMEDIATE FOREIGN AND COMMONWEALTH OFFICE
TELNO.1078 OF 39 JULY,
1.
YOUR TEL.NO.595.
Aww 50/8
K
See (88
APART FROM STATUTORY COMPENSATION PAYABLE UNDER THE MASS TRANSIT RAILWAY (LAND RESUMPTION AND RELATED PROVISIONS) ORDINANCE, THE ADDITIONAL ALLOWANCES PAYABLE ON AN EX-GRATIA
BASIS ARE AS FOLLOWS :-
(A) DISTURBANCE ALLOWANCE ON THE BASIS OF THE USABLE AREA
OF PREMISES AT A RATE OF TWENTY DOLLARS PER SQUARE FOOT SEMI-COLON
THIS RATE IS BASED ON THAT APPLIED BY THE TENANCE TRIBUNAL TO
RESUMED PROPERTIES PREVIOUSLY SUBJECT TO PART OF THE LANDLORD
AND TENANT ORDINANCE:
(B) CAPITALISED INTEREST ALLOWANCE WHICH IS A LUMP SUM EQUIVALENT TO THE CAPITALISED INTEREST ON THE DIFFERENCE OF VALUE
BETWEEN THE STATUTORY COMPENSATION AND THE NEWLY PURCHASED PROPERTY
SEMI-COLON THE AMOUNT PAYABLE IS SUBJECT TO A MAXIMUM OF
50% OF THE STATUTORY COMPENSATION PAYABLE OF 100,000 DOLLARS,
WHICHEVER IS THE LESS:
C SETTING-UP ALLOWANCE WHICH IS AT A FLAT RATE OF
10,000 DOLLARS TO MEET THE EXPENSES OF CONVEYANCING, MORTGAGE FEES
AND STAMP DUTY. THIS PAYMENT IS MADE IRRESPECTIVE OF THE COST
ACTUALLY INCURRED:
(D) RENTAL ALLOWANCE OF 1,500 DOLLARS PER MONTH RUNNING FROM SUCH TIME AS THE PRESENT PREMISES ARE VACATED UNTIL NEW PREMISES
ARE READY FOR OCCUPATION, OR UNTIL THE END OF DECEMBER 1979, WHICHEVER IS THE EARLIER. THE RATE IS BASED ON THE PREVAILING
RENT IN TSUEN WAN FOR SMALL FLATS SIMILAR TO THOSE IN THE SAI LAU
KOK BUILDINGS.
CONFIDENTIAL
12.
OWNER-OCCUPIER