Appendix B.
REPORT ON THE ASSESSMENT FOR THE YEAR 1923-1924.
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 $19,805,929 to $21,059,700 an addition of $1,253,543 or 6.33 per cent.
2. The following Table gives a comparison of the Assessments for 1922-1923 and 1923-1924 :-
DISTRICT. VALUATION 1922-1923. VALUATION 1923-1924. INCREASE. PER CENT. The City of Victoria, Hill District, $15,625,813 $16,342,173 $716,360 +4.58% Shaukiwan, Saiwanho, and Quarry Bay, 454,625 478,180 23,555 5.18% Hongkong Villages, 407,109 502,018 94,909 23.31% Kowloon Point, 909,560 988,670 79,110 8.69% Yaumati 678,230 798,395 120,165 17.72% Mongkoktsui, 504,635 545,235 40,600 8.04% Hunghom & Hokun, 462,035 494,030 31,995 6.92% Kowloon Villages, 170,085 173,975 3,890 2.28% New Territories, 227,607 349,329 121,722 53.47% Total, $19,805,929 $21,059,700 $1,253,771 6.33% 3,349,634 13.66%3. The number of tenements reported to be vacant averaged about 75 monthly, as compared with 95 last year.
4. During the year ending 30th April, 1923, 1,285 Interim Valuations were made as follows:-
CITY OF VICTORIA. REST OF COLONY. New or rebuilt tenements and tenements structurally altered No. 224, Rateable Value $737,995 No. 633, Rateable Value $471,985 Assessments cancelled, tenements resumed, pulled down or being in other respects not rateable No. 297, $257,050 No. 131, $73,558 Number and increase $480,945 $398,427