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"There is clearly no reason why taxpayers should continue
indefinitely to subsidise these shops, which are used for commercial.
urposes with profit making as the prime motive, to the present
extent. This increase will produce additional revenue of 13.45
million per annum", he said.
Meanwhile, the Authority has agreed that the rent incre-se
will not apply for the time being to tenants of the 100-odd shops
on Lover Wong Tai Sin Estate where they have claimed that their
businesses might be adversely affected by the construction of
the Metro.
These tenants have been advised that if they fool they
con substantiate their cases, they may submit a claim to the
Director of Public Works who may make an ex-gratia payment,
spokesman said.
Note to Editors:
A diagram showing the estimated deficit in the management of Goup B estates of the Housing Authority for 1976/1977 is attached.
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