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Monday, November 12, 1973
In future clearances, cash compensation will be offered to those
who qualify but, if flatted factory space is available, owners of small
undertakings of 50 to 3,000 square feet will have the option of applying
for a unit, or wits, instead. But no change of trade or assignments will
be allowed.
If all eligible undertakings opt for cash, it is estimated that
it will cost the government $5 million to cover the rest of this year's
commitment, and a probable $9 million in 1974-75.
Mr. David Weeks, Administrative Officer (Clearance) of Housing
Department, said the amount of cash compensation had been computed on the
basis of capitalizing the subsidy element in the differential between
government and commercial factory rents,
"It is necessary to change our policy at this time because although
there is a shortage of Housing Authority units, there is a good supply of
suitable premises in the private sector, and we must press on with our
clearances. Families living in small workshops will continue to be offered
public housing", he said.
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