29 Jun 1992
SHUN FUNG IRONWORKS LTD v. DIRECTOR OF BUILDINGS AND LANDS (VOLUME II)
- Citation
- SHUN FUNG IRONWORKS LTD v. DIRECTOR OF BUILDINGS AND LANDS (VOLUME II)
- Court
- Lands Tribunal
- Case number
- LDLR18/1987
Tribunal held that on the balance of probabilities SFI's realistic maximum capacity under the 1982 installation in the No-Scheme-World was 100,000 M/T per annum, rising to 110,000 M/T per annum from financial year 1985/86 after fitting water-cooled panels; accepted government's utilization/availability and scheduling approach (including a 90% caster factor and an 85% meltshop factor with 92.5% scheduling); accepted KYM cash-collection as the market benchmark for scrap with a 10% market-inflation adjustment once SFI moved to cash purchases, yielding a scrap trend price of HKD 595 (1987/88 doll…