XN000022-1990-11-14 — Page 9

WEDNESDAY, NOVEMBER 14,

1990

HARDSHIP DURING A

FACED

BY

TIME

OF

MEANS

FOR

NOTING THAT HE WAS NOT INSENSITIVE TO THE MIDDLE INCOME SALARY EARNERS WITH DEBT REPAYMENTS INFLATION. SIR PIERS SAID HE WAS DISINCLINED TO USE FISCAL SOCIAL ENDS.

"WE HAVE A SIMPLE TAXATION SYSTEM WITH LOW RATES.

BE

THAT SOME SPECIFIC WISH TO CONTEMPLATE

*IT WOULD

TO DEMONSTRATE NECESSARY INEQUITY OR HARDSHIP HAD ARISEN BEFORE WE WOULD COMPROMISING THE SIMPLICITY PRINCIPLE," HE SAID.

AS REGARDS THOSE

REPAYING

MORTGAGES PROPERTY, SIR PIERS SAID HE SAW NO INEQUITY.

|

ON

PRIVATE

RESIDENTIAL

INEQUITY WOULD COME INDEED, IT IS ARGUABLE THAT A DEGREE OF

WHO HAVE OR THOSE

PURCHASED HOMES ABOUT FOR THOSE WHO RENT THEIR

BENEFIT WITHOUT MORTGAGE, IF WE WERE TO INTRODUCE SPECIAL MEASURES TO MORTGAGE-PAYERS ALONE.

"WE WOULD ALSO HAVE TO BE AWARE OF POTENTIAL AREAS OF ABUSE

HE SAID. ANY SUCH CONCESSION,

TT

OF

COMPENSATION FOR POST-WAR DOMESTIC PREMISES TO BE REVIEWED

COMPENSATION THE GOVERNMENT WILL REVIEW NEXT YEAR THE LEVEL OF

POST-WAR PREMISES BY TENANTS IN DOMESTIC PAYABLE TO DISPOSSESSED

AFFAIRS, THE HON

REASON OF REDEVELOPMENT, THE SECRETARY FOR HOME PETER TSAO, SAID IN THE LEGISLATIVE COUNCIL TODAY (WEDNESDAY).

TO

MRS SO

MR CHAU YIM-PING,

ORDINANCE WAS (CONSOLIDATION)

WOULD EXAMINE WHETHER THE TENANTS SHOULD BE THESE

HAND AND

ON

REVIEW

REPLYING TO A QUESTION BY THE HON TSAO SAID

AND TENANT THE LANDLORD AND REVIEWED ANNUALLY AND THE 1991 CURRENT LEVEL OF COMPENSATION PAYABLE ADJUSTED TO PROTECT THEM FROM UNDUE HARDSHIP ON THE ONE THE OTHER HAND TO FACILITATE DESIRABLE REDEVELOPMENT.

A MINIMUM LEVEL OF HE POINTED OUT THAT THE LAW PROVIDED FOR

ΤΟ TENANTS LANDLORDS AND COMPENSATION AND WAS DESIGNED TO ENCOURAGE AGREE COMPENSATION ARRANGEMENTS WITHOUT RECOURSE TO LITIGATION.

APPEAR TO BE WORKING PROVISIONS MR TSAO SAID: "THE CURRENT

SEPTEMBER 1990 OVER SATISFACTORILY IN AS MUCH AS IN THE YEAR ENDING

RESOLVED BY AGREEMENT WERE CASES COMPENSATION 90 PER CENT OF THE

TIMES RESULTING IN THE PAYMENT OF COMPENSATION AT AN AVERAGE OF SEVEN THE 1983 RATEABLE VALUES.

CASES OF THE AVERAGE

COMPENSATION WHERE

WAS PAYMENT

ABOUT

WAS THREE

"IN RESPECT OF THE BALANCE AWARDED BY THE LANDS TRIBUNAL, TIMES THE 1983 RATHABLE VALUES.'

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