Appendix B.
REPORT ON THE ASSESSMENT FOR THE YEAR 1924-1925.
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 $21,059,700 to $22,147,951 an addition of $1,088,251 or 5.16 per cent.
2. The following Table gives a comparison of the Assessments for 1923-1924 and 1924-1925:-
DISTRICT VALUATION 1923-1924 VALUATION 1924-1925 INCREASE PER CENT The City of Victoria, $16,342,173 $16,342,173 Hill District.... $392,695 $440,305 $47,610 12.37 Shaukiwan, Saiwanho, and Quarry Bay, ... $473,180 $493,290 $20,110 4.25 Hongkong Villages,... $502,018 $576,429 $74,411 14.82 Kowloon Point, $988,670 $1,105,050 $116,380 11.77 Yaumati, $798,395 $1,022,010 $223,615 28.01 Mongkoktsui, $545,235 $575,890 $30,655 5.62 Kowloon Villages, Hunghom & Hokun, $191,030 $177,319 -$13,711 -7.18 New Territories, ...... $3,349,634 $3,907,982 $558,348 16.67 Total,.. $21,059,700 $22,147,951 $1,088,251 5.163. The number of tenements reported to be vacant averaged about 104 monthly, as compared with 75 last year.
4. During the year ending 30th April, 1924, 2,094 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... 353 $761,170 672 $724,725 Assessments cancelled, tenements resumed, pulled down or being in other respects not rateable..... 651 $740,190 418 $158,190 Number and increase 1,004 $20,980 1,090 $566,535