zz
therefore, to lay too much stress
on a comparison which includes
the war years.
(2) I do not think there is
very much in this fear. It is,
of course, obvious that rents in
Kowloon, which is undeveloped, will
be lower than on Hong Kong Island
itself, but it will be somewhat
remarkable if, owing to the development
of Kowloon, the aggregate assessment
decreases
It is very difficult to
movement
the
forecast the eprort of/
of valuation
of property even a few years ahead,
but experience generally suggests
that the more thickly populated a
place becomes the higher the rentsmise.
(3) We have no exact information
as to what area the valuation covers.
Paragraph 14 of the Governor's
despatch of the 24th of June 1926 stated
that it extends to the whole of the
Island of Hong Kong, Kowloon and
Ne