49.—(1) A housing authority may pay to any person displaced from premises by reason of—

(a) the acquisition by the authority of the premises for the purposes of this Act, or

(b) the service of a repairs notice, or the making of a closing order or a demolition order, or

(c) the carrying out of an undertaking which has been accepted under subsection (5) or (8) of section 66 of this Act by an authority,

such reasonable allowance as the authority think fit towards the expenses incurred by him in moving from the premises to other premises.

(2) In case a housing authority are of the opinion that a person to whom this subsection applies has suffered or will suffer hardship by reason of the displacement, the authority may, with the consent of the Minister, pay to him (in addition to an allowance under subsection (1) of this section) such reasonable allowance as they think fit towards—

(a) in case the person carries on any trade or business in the premises from which he is displaced—the loss which, in their opinion, the person will sustain by reason of the disturbance of his trade or business consequent upon his displacement, and

(b) in any other case—the loss which, in their opinion, the person will sustain by reason of his displacement.

(3) Subsection (2) of this section applies to a person mentioned in subsection (1) of this section who carries on any trade or business in the premises from which he is displaced, or who ordinarily resides in such premises for not less than six months prior to the displacement.

(4) In estimating the loss mentioned in paragraph (a) of subsection (2) of this section the housing authority shall have regard to the period for which the premises occupied by the person might reasonably have been expected to be available for the purpose of his trade or business and the availability of other premises suitable for that purpose.