Amendment of section 13.
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tion for the rateable value or previous interim valuation;
(c) if there was on the day preceding the making of the interim valuation a rateable value as specified in subsection (2)(a) or previous interim valuation of a part of that tenement or of a former tenement of which that tenement formed part, the rateable value of the lot or section for the purposes of this section shall be determined by substituting the interim valua- tion and all other interim valuations made after the relevant day which are related or incidental to the interim valuation and are of tenements comprised wholly or partly in the lot or section, for the rate- able values or previous interim valuations of the former tenements which formed part of or included the tenements to which the interim valuations relate or are incidental:
Provided that this subsection shall not apply to any lot or section if its effect would be to reduce the rateable value of that lot or section to less than it would have been had the interim valuation not been made.
(3A) Where a tenement is comprised only partly in a lot or section held under a new Crown lease, there shall be included for the purpose of determining the rateable value under subsections (2) and (3) of the lot or section only that proportion of the rateable value or interim valuation of the tenement as the area of that lot or section bears to the area of all the lots or sections within which the tenement is comprised."; and
(c) in subsection (7) by deleting "forming" and substituting the
following-
3.
"comprising".
Section 13 of the principal Ordinance is amended-
(a) in subsection (1) by deleting "of which land held under a new
Crown lease forms part" and substituting the following-
"comprised in land held under a new Crown lease";
(b) by deleting subsections (3) and (4) and substituting the following—
"(3) Where under this section any sum is paid by a person who is not an owner of the tenement in respect of which the sum is paid under subsection (2), then the sum so paid shall be a debt due to that person from the owner of the tenement and shall be recoverable as such from any rent or other moneys for the time being due by that person to the owner.
(4) In this section "owner" in relation to a tenement means the person whose name is registered in the Land Office as that of the owner of the tenement or of any un- divided share or other interest therein, and any person deriving title from such person by virtue of an underletting or otherwise.".
Explanatory Memorandum
The object of this Bill is to clarify the meaning of section 9 of the principal Ordinance by making it clear that in determining the new Crown rent of a lot or section held under a new Crown lease