Appendix. B.
REPORT ON THE ASSESSMENT FOR THE YEAR 1921-1922.
1. By Order of His Excellency the Governor in Council a new valuation of the whole Colony has been made and the Rateable Value has thereby been increased from $17,408,959 to $18,696,660, an addition of $1,287,701 or 7.40 per cent.
2. The following Table gives a comparison of the Assessments for 1920-1921 and 1921-1922 :-
DISTRICT. VALUATION 1920-1921. VALUATION 1921-1922. INCREASE. PER CENT. $ $ $ % The City of Victoria, Hill District, Shaukiwan, Saiwanbo and Quarry Bay, 14,030,330 14,902,870 872,540 6.22 11,902,870 Hongkong Villages, 344,315 352,465 315,980 352,904 54,771 5.09 Kowloon Point, 733,815 858,130 Yaumati, 490,585 577,290 Mongkoktsui, 385,515 465,145 Hunghom & Hokun, 394,290 431,575 Kowloon Villages, 138,909 154,515 New Territories, 159,670 1,075,845 1,130,619 2,302,784 Total, $ 17,408,959 18,696,660 1,287,701 7.40 2,663,1713. The number of tenements reported to be vacant averaged about 79 monthly, as compared with 80 last year.
4. During the year ending 30th April, 1921, 693 Interim Valuations were made as follows:-
CITY OF VICTORIA. REST OF COLONY. No. Rateable Value. No. Rateable Value. New or rebuilt tenements and tenements structurally altered... 170 $233,670 338 $288,880 Assessments cancelled, tenements resumed, pulled down or being in other respects not rateable... 107 $132,405 78 $44,969 Number and increase 277 $101,265 416 $243,911173,216 360,387 15.65