(v) Sze Lai Shoe Co: A statutory offer of 3$HK15,800 was made. The Lands Tribunal awarded compensation of $HK21,024. 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 claim is likely to be
referred to the Lands Tribunal in the near future.
(vii) Wing Luen Tailors: A statutory offer of $HK 35,210 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 of 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 $HK40 per square foot of business area occupied and lower rates for ancillary uses. The ex-gratia offers were, however, refused.
m
10/2
No comments yet.
Private notes are available after approval.