Friday, January 16, 1976
COMPENSATION PAY-OUT TO SAM SHING HUI BUSINESS OWNERS
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Owners of business premises in Sam Shing Hui, New Territories, due
to be cleared to make way for a residential and commercial complex and the
Tuen Mun/Tsuen Wan Highway, today each received an advance payment of compen-
sation of $2,000.
About 130 businessmen were involved in the payment administered by
Housing Department officials and held in the District Office, Tuen Mun.
The businessmen are now constructing new premises at a nearby resite
area built on reclaimed land. Movement to the resite area will begin towerds
the end of February and be completed by April 30. When the location they
are at present vacating is fully redeveloped, the business owners will be
given the opportunity to take part in a restricted tender for the commercial
sites.
Total compensation varies from $6,000 to $20,000 and is calculated
on the area each business occupies. The balance will be paid at the time the
restricted tender is held.
Others included in the Sam Shing Hui clearance are boatyard operators
and people who live on boats. The boatyards operators will move to a resite
area designed specially for them for use as slipways, while the boat people
will either be provided with space in a new temporary typhoon shelter or
other accommodation.
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