Appendix. B.
REPORT ON THE ASSESSMENT FOR THE YEAR 1922-1923.
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 $18,696,660 to $19,805,929 an addition of $1,109,269 or 5.91 per cent.
2. The following Table gives a comparison of the Assessments for 1921-1922 and 1922-1923 :-
DISTRICT. VALUATION 1921-1922. VALUATION 1922-1923. INCREASE. PER CENT. The City of Victoria, Hill District, Shaukiwan, Saiwanho and Quarry Bay, Hongkong Villages, Kowloon Point, $ $ $ % 14,902,870 15,625,813 722,943 +4.85 352,465 371,230 +18,765 352,904 Yaumati. 577,290 673,230 95,940 16.62 Mongkoktsui, 465,145 504,635 39,490 8.49 Hunghom & Hokun, 434,575 462,035 27,460 6.32 Kowloon Villages, 154,515 170,085 15,570 10.07 New Territories, 173,216 227,607 54,391 31.4 2,663,171 2,947,152 283,981 10.67 Total, $18,696,660 $19,805,929 $1,109,269 5.913. The number of tenements reported to be vacant averaged about 95 monthly, as compared with 79 last year,
4. During the year ending 30th April, 1922, 1,063 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... 184 $357,033 662 $265,983 Assessments cancelled, tenements resumed, pulled down or being in other respects not rateable........ 150 $256,470 67 $18,450 Number and increase 334 $100,563 729 $247,533