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(iv) Paramount Photo Services Co: A statutory offer of HK13,807 was made. Agreement has not been reached. owner's claim is likely to be referred to the Lands Tribunal soon. The premises were a showroom for a film developing and processing laboratory operating elsewhere. It is not known whether alternative premises for the showroom have been found.
(v) Sze Lai Shoe Co: A statutory offer of $HK15,800 was made. The Lands Tribunal awarded compensation of SHK21,024. It appears likely that alternative premises for the shoe shop will be obtained.
(vi) Yuen Fat Store: A statutory offer of HK22,815 was made. No settlement has been reached. The owner's is likely to be referred to the Lands Tribunal in the near future.
(vii) Wing Luen Tailors: A statutory offer of $HK35,210 was made. The final settlement was $HK55,895.77. It is not known whether this business has been re-established elsewhere.
The owners of the businesses whose claims are outstanding have been paid advances of compensation in the amount or the original statutory offers. Because it took some time to obtain the evidence on which to base statutory offers, these were preceded by ex-gratia offers of cash assistance at a rate of SHK40 per square foot of business area occupied and lower rates for ancillary uses. The ex-gratia offers were, however, refused.
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