Appendix B.
REPORT ON THE ASSESSMENT FOR THE YEAR 1926-1927.
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 $27,287,862 to $27,998,237 an addition of $710,375 or 2.60 per cent.
2. The following Table gives a comparison of the Assessments for 1925-1926 and 1926-1927 :-
DISTRICT. VALUATION 1925-1926 VALUATION 1926-1927 INCREASE/Decrease PER CENT. The City of Victoria 19,614,584 20,315,922 701,338 3.58 Hill District 483,735 601,115 117,380 Shaukiwan, Saiwaubo, and Quarry Bay 497,675 564,798 67,123 Hongkong Villages 890,429 978,996 88,567 Kowloon Point 1,451,326 1,420,493 -30,833 Yaumati 1,613,150 1,618,530 5,380 Mongkoktsui 1,047,910 1,054,025 6,115 Hunghom & Hokun 629,220 631,750 2,530 Kowloon Villages 209,720 217,932 8,212 New Territories 746,673 698,118 -48,555 Total 27,287,862 27,998,237 710,375 2.603. The number of tenements reported to be vacant averaged about 209 monthly, as compared with 185 last year.
4. During the year ending 15th May, 1926, 1,632 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 585 1,259,420 598 645,015 Assessments cancelled, tenements resumed, pulled down or being in other respects not rateable 184 318,780 265 66,668 Number and increase 769 940,640 863 578,347