Appendix B.
REPORT ON THE ASSESSMENT FOR THE YEAR 1925-1926.
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 $22,147,951 to $27,287,862 an addition of $5,139,911 or 23.20 per cent.
2. The following Table gives a comparison of the Assessments for 1924-1925 and 1925-1926 :—
DISTRICT. VALUATION 1924-1925. VALUATION 1925-1926. INCREASE. PER CENT. The City of Victoria, Hill District,... $16,729,945 $19,614,584 $2,884,639 17.24% Shaukiwan, Saiwanbo, and Quarry Bay,... 440,305 493,290 52,985 12.03% Hongkong Villages, Kowloon Point, Yaumati, Mongkoktsui, Hunghom & Hokun, Kowloon Villages, 1,567,975 1,975,279 407,304 25.97% 576,429 890,429 314,000 54.48% 1,022,010 1,613,150 591,140 57.84% 573,890 1,047,910 474,020 82.59% 534,570 629,220 94,650 17.71% 177,319 209,720 32,401 18.27% New Territories, 493,143 716,673 223,530 45.33% Total,.. $22,147,951 $27,287,862 $5,139,911 23.20%3. The number of tenements reported to be vacant averaged about 185 monthly, as compared with 104 last year.
4. During the year ending 15th May, 1925, 3,467 Interim Valuations were made as follows:-
CITY OF VICTORIA. REST OF COLONY. New or rebuilt tenements and tenements structurally altered No. 872Rateable Value $2,871,660 No. 1,567
Rateable Value $1,734,610 Assessments cancelled, tenements resumed, pulled down or being in other respects not rateable No. 594
Rateable Value $834,250 No. 434
Rateable Value $168,677 Number and increase No. 1,466
Rateable Value $2,037,410 No. 2,001
Rateable Value $1,565,933