P.#.H. 7 (REVISED)
4000001
EVERONE HONG KONG GOVERNMENT
DAILY
INFORMATION
SERVICES
INFORMATION BULLETIN
Tuesday, July 11, 1972
ASSISTANCE FOR SMALL BUSINESSM IN BUILDINGS DECLARED DANGEROUS
The Government has extended the scope of its scheme to make
advances of compensation to tenanta in buildings declared dangerous under
the provisions of the Demolished Buildings (Redevelopment of Sites)
Ordinance.
Proprietors of shops and factories, who are affected by the
ordinance and who were previously excluded from the scheme, are now eligible
to apply for advances of compensation from the Secretary for Home Affairs.
Each of these non-domestic tenants will be advanced a sum of
money not exceeding $10,000 or 50% of the expected compensation to be
awarded by the Tenancy Tribunal, whichever is the less, to help tide them
over immediate difficulties.
If because of fire, house collapse or any other reason, the floor
space occupied by such shops and factories cannot be ascertained, they
will be given advances according to the following flat rates:
1) Whole ground floor for non-domestic purposes occupied
by one tenant
-
$4,000.
2) Whole ground floor for domestic and non-domestic purposes
occupied by one tenant:
Advance for non-domestic portion
-
-
$500.
Advance for domesvac portion according to the established flat rates for domestic purposes.
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