GRS 950
RESTRICTED
RESTRICTED
FM HONG KONG 231115Z JULY 84
TO IMMEDIATE PEKING
TELEGRAM NUMBER 697 OF 23 JULY
INFO IMMEDIATE F CO
M.I.P.T.
Fam.
FUTURE OF HONG KONG : LAND.
FOLLOWING IS A NOTE ON RATEABLE VALUE.
24 JUL 1984
Jep!
80
RICE: LD FI
JAK
24 J
ALL PROPERTIES ON HONG KONG ISLAND, IN KOWLOON AND NEW KOWLOON
AND NEARLY ALL PROPERTIES IN THE NEW TERRITORIES ARE SUBJECT TO
A TAX, KNOWN AS ''RATES'. THE AREAS THAT ARE SUBJECT TO RATES ARE
DESIGNATED UNDER THE RATING ORDINANCE (CAP. 116) AS ''SPECIFIED
AREAS''. THOSE AREAS ARE :
k
2282617
See 186
79
AREA A
HONG KONG
AREA BC
KOWLOON/NEW KOWLOON
AREAS D TO S VARIOUS PARTS OF THE NEW TERRITORIES.
2. ALL TENEMENTS WITHIN THOSE SPECIFIED AREAS, VALUED BY THE
COMISSIONER FOR RATING AND VALUATION FOR RATING PURPOSES, AND APRTICULARS OF THESE TENEMENTS, THEIR ADDRESSES AND RATEABLE VALUES
ARE ENTERED ON A LIST CALLED THE ''VALUATION LIST''. THE MAXIMUM RATE
IS 3 PERCENT (GENERAL RATE) TWO AND A HALF (URBAN COUNCIL RATE),
1.E. TOTAL FIVE AND A HALF PERCENT.
3. THERE IS PROVISION IN THE ORDINANCE FOR PROPSALS, OBJECTIONS
AND APPEALS TO BE MADE IN RESPECT OF THE RATEABLE VALUES ENTERED
IN THE VALUATION LISTS.
4. IN THE NEW TERRITORIES AGRICULTURAL LAND, AGRICULTURAL DWELLINGS
AND VILLAGE HOUSES ARE NOT RATED. THEY ARE THEREFORE NOT AT PRESENT
ENTERED IN THE VALUATION LIST AND DO NOT THEREFORE HAVE A RATEABLE
VALUE. THE PRESENT INTENTION IS, HOWEVER, THAT ALL PROPERTIES IN THE NEW TERRITORIES WILL IN DUE COURSE BE GIVEN A RATEABLE VALUE AND
WILL BE SUBJECT TO RATES.
5. THE RATEABLE VALUE OF A TENEMENT IS ASCERTAINED IN ACCORDANCE
WITH SECTION 7 OF THE RATING ORDINANCE. BASICALLY THE RATEABLE VALUE
IS AN AMOUNT EQUAL TO THE RENT AT WHICH THE TENEMENT MIGHT REASONABLY
BE EXPECTED TO BE LET, FROM YEAR TO YEAR, IF
-
(A) THE TENANT UNDERTOOK TO PAY ALL USUAL TENANT'S RATES AND
TAXES
AND
(B) THE LANDLORD UNDERTOOK TO PAY OTHER OUTGOINGS SUCH AS
GOVERNMENT RENT, COST OF REPAIRS AND INSURANCE AND ANY OTHER EXPENSES NECESSARY TO MAINTAIN THE TENEMENT IN A STATE TO
COMMAND THAT RENT. RESTRICTED
16.