XN000022-1994-04-12 — Page 7

TUESDAY, APRIL 12, 1994

TO

RELOCATED

THE ACTUAL FUTAL BUSINESS LOSS CANNOT BE ASCERTAINED PRIOR REMOVAL OF BUSINESS, FOR EXAMPLE, IF THE BUSINESS IS TO BE ACROSS THE STREET, THE LOSS OF GOODWILL SHOULD BE MINIMAL.

ASSESSMENT OF WITHOUT SUPPORTING DOCUMENTS FROM THE OPERATORS,

ARE BUSINESS LOSS COULD ONLY BE BASED ON ESTIMATES AND THE OPERATORS

THEIR ACTUAL LOSS AFTER ENTITLED TO HAVE HIGHER COMPENSATION LF REMOVAL IS FOUND TO BE GREATER.

NOTWITHSTAND ENG

THAI,

GOVERNMENT

HAS

ALREADY

OFFERED

To

COMPENSATION TO THE OPERATORS, IN THE FORM OF AN ADVANCE PAYMENT, ASSIST THEIR REMOVAL.

PAYMENT IS

NORK THAN

THIS ADVANCE OF AMOUNT AVERAGE THE $500,000 AND IN SOME CASES THE AMOUNT IS AS HIGH AS $1.6 MILLION.

HE

IF AN OPERATOR IS ALSO PROPERTY OWNER OF A COMMERCIAL UNIT,

ON TOP OF WILL. ALSO BE ENTITLED TO HAVE THE VALUE OF THE PROPERTY BUSINESS LOSS ADVANCE PAYMENT.

THE LANDS DEPARTMENT HAS SERVED NOTICE ON THE OUTS ON APRIL 6 TO VACATE THEIR PREMISES BY TOMORROW.

REMAINING HOLD

YET BEEN MOST OF AGREED

AS OF TOMORROW, THE POSSESSION OF 66 SHOPS HAS NOT RETURNED TO GOVERNMENT, AMONG THE 66 COMMERCIAL OCCUPIERS, THEM HAVE ALREADY RECEIVED 75 PER CENT PROVISIONAL PAYMENT AND TO VACATE THEIR PREMISES BY MARCH 31 THIS YEAR.

HOWEVER, MOST OF THEM LATER DECLINED TO VACATE COMMERCIAL OCCUPIERS FORTY MORE COMPENSATION. POR RESPONDED TO GOVERNMENT'S COMPENSATION OFFER.

AS REGARDS DOMESTIC HOUSEHOLDS, REHOUSING BEEN MADE FOR THEN BY THE HONG KONG HOUSING SOCIETY.

RESUMPTION

BY

ON GOVERNMENT

AND REQUESTED

NOT HAVE

YET

ARRANGEMENTS HAVE

OCTOBER

IN A

LAND SINCE REDEVELOPMENT WORK HAS BEEN POSTPONED SEVERAL TIMES BECAUSE

VACATE THEIR PREMISES REFUSAL 10 OCCUPIERS' COMPENSATION WHICH CANNOT BE JUSTIFIED.

BID

RENTAL FOR THE DURATION OF THEIR OVERSTAY HAS BEEN

3.

1992, OF SOME

FOR

MORE

WAIVED BY

THE GOVERNMENT.

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