Tenement partly replaced
Rounding
up
1
3
an
interim valuation
or
of
tenement a tenements wholly replacing the demolished or unoccupied tenement is made under the Rating
Ordinance,
tenement
include the rateable value of such as last ascertained
Commissioner;
by
the
(vi) where
an
interim valuation
is made
of a
(e)
tenement or tenements which replace part of a former tenement in respect of
which the rateable value as last ascertained by the Commissioner was included in the rateable value of the lot in accordance with sub-clause (d)(v) of the part of replaced by the such portion of former tenement, Commissioner, as the
hereof the rateable value the former tenement not interim valuation shall be the rateable value of the as last ascertained by the Director shall in his
absolute discretion consider appropriate to that part.
the lot There shall be added to the yearly rent of fixed in accordance with sub-clause (b) hereof such sum as may
be
necessary to make the total number of dollars a multiple of four.
Collection of amount in lieu
of rent
Tenement partly on lot
Payment on demand
2.
of
in
the
(a) In lieu of the collection of the yearly rent by the Director under
may, Condition 1(b) hereof, there General addition to the rates to be collected quarterly by Collector
Rates under the Rating Ordinance in respect of any tenement comprised wholly or partly within the lot, be demanded and collected by the Collector of Rates from the Grantee an amount
to one fourth of 3% of the rateable equal value of any such tenement together with such sum as may be
number the total
of dollars in any such demand an integer. For the purpose of this sub-clause the provisions of General Condition 1(d)(i) and (ii) hereof shall apply mutatis mutandis.
necessary
(b)
to
make
For the
purpose
of sub-clause (a) hereof, in the event that only part of a tenement is comprised within the lot the amount that may be demanded in respect of that part shall bear the same
to 3% of the rateable value of the
tenement as,
in the opinion of the Director whose decision thereon shall be final, the area of such part bears to the area of the whole of such tenement.
(c) Upon
proportion
demand being made by the Collector of Rates (a) hereof the Grantee shall pay the amount so demanded within the time specified in such demand.
under sub-clause
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