1
11 February 1977
La
Mr Robert Parry (Liverpool, Scotland Exchange): To ask the Secretary of State for Foreign and Commonwealth Affairs, what criteria are used in assessing compensation for land, property and businesses acquired for the building of the Mass Transit Railway in Hong Kong; and who is responsiblə for paying the compensation.
No W1
MR EVAN LUARD
Compensation for land and buildings is assessed at market value at the time of acquisition as provided for in the Mass Transit Railway (Land Acquisition and Related Provisions) Ordinance. Businesses as such are not acquired, but compensation is assessed for loss or damage to a business caused by the acquisition of land.
The authority for assessing and paying compensation is the Director of Public Works. Compensation matters which cannot be settled between the authority and the owner are referred to the Lands Tribunal.
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