XN000022-1972-07-11 — Page 2

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Tuesday, July 11, 1972

3)

If the ground floor is sub-let, advance to each non-domestic tenant

-

$500.

4) Whole upper floor for non-domestic purposes

occupied by one tenant $3,000.

5) Whole upper floor for domestic and non-domestic

purposes occupied by one tenant:

Advance for domestic portion

-

according to the

established flat rates for domestic premises.

Advance for non-domestic portion $500.

6) If the upper floor for non-domestic purposes is

sub-let, advance to each tenant - $500.

Interest at 8 per cent per year will be charged on the advances. until they are repaid either by the tenants or the landlords on their behalf.

Announcing this new measure to help small businessmen, a spokesman

for the Secretariat for Home Affairs, explained that since October 1964, when the advance of compensation scheme was introduced, only domestic tenants of buildings declared dangerous who were eligible for compensation from their landlords have been able to apply for these advances from the department.

Owners of shops and factories in dangerous buildings had not been eligible because it was considered the loss of their premises was more of a commercial hazard than a personal domestic tragedy, as in the case of most domestic tenants.

However, in view of the recent rise in rents of shop premises and the increased costs in fitting out and decorating new shops, it has been decided that small businessmen should also be given an opportunity to apply for advances.

The