Appendix B.
REPORT ON THE ASSESSMENT FOR THE YEAR 1927-1928.
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 $27,998,237 to $29,016,439 an addition of $1,018,202 or 3.64 per cent.
2. The following Table gives a comparison of the Assessments for year 1926-1927 and 1927-1928 :-
DISTRICT. VALUATION 1926-1927. VALUATION 1927-1928. INCREASE. Decrease PER CENT. The City of Victoria, $20,315,922 $21,338,342 $1,022,420 5.03 Hill District,...........Shaukiwan, Saiwanho, and Quarry Bay, $497,675
$502,085 $564,798
$577,403 $67,123
$75,318 Hong Kong, Villages,
Kowloon Point, $978,996
$1,040,491 $1,110,266
$1,366,230 $131,270
$325,739 Yaumati,
Mongkoktsui,
Hunghom & Hok Un,
Kowloon Villages, $1,618,530
$1,054,025
$631,750
$217,932 $1,568,720
$1,062,650
$557,810
$187,842 -$49,810
$8,625
-$73,940
-$30,090 New Territories, $698,118 $750,674 $52,556 7.26
2.70 Total, $27,998,237 $29,016,439 $1,018,202 3.64
3. The number of tenements reported to be vacant averaged about 445 monthly, as compared with 209 last year.
4. During the year ending 20th May, 1927, 1,311 Interim Valuations were made as follows:-
CITY OF VICTORIA. REST OF COLONY. New or rebuilt tenements and tenements structurally altered No. 322Rateable Value $1,158,420 No. 638
Rateable Value $425,870 Assessments cancelled, tenements resumed, pulled down or being in other respects not rateable No. 82
Rateable Value $220,160 No. 269
Rateable Value $92,643 Number and increase No. 404
Rateable Value $938,260 No. 907
Rateable Value $333,227