Appendix B.
REPORT ON THE ASSESSMENT FOR THE YEAR 1928-1929.
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 $29,016,439 to $30,395,447 an addition of $1,379,008 or 4.75 per cent.
2. The following Table gives a comparison of the Assessments for the years 1927-1928 and 1928-1929 :
DISTRICT VALUATION 1927-1928 VALUATION 1928-1929 INCREASE PER CENT The City of Victoria $21,338,342 $22,136,417 $778,075 3.64 Quarry Bay 488,746 577,408 88,662 18.14 Hill District 602,086 814,744 212,658 35.32 Shaukiwan, Saiwanbo, and Hong Kong Villages 1,208,421 1,311,910 103,489 8.56 Kowloon Point 1,366,280 1,450,880 84,600 6.19 Yaumati 1,563,172 1,691,950 128,778 8.24 Mongkoktsui 1,062,615 1,144,090 81,475 7.67 Hunghom & Hok Un 557,810 614,690 56,880 10.20 Kowloon Villages 197,842 210,147 12,305 6.22 New Territories 5,488,343 5,967,120 478,777 8.72 Total $29,016,439 $30,395,447 $1,379,008 4.753. The number of tenements reported to be vacant averaged about 324 monthly, as compared with 445 last year.
4. During the year ending 25th May, 1928, 1,047 Interim Valuations were made as follows:
CITY OF VICTORIA REST OF COLONY New or rebuilt tenements and tenements structurally altered No. 295, Rateable Value $458,967 No. 524, Rateable Value $301,044 Assessments cancelled, tenements resumed, pulled down or being in other respects not rateable No. 89, Rateable Value $193,080 No. 139, Rateable Value $57,440 Total No. 384, Rateable Value $266,887 No. 663, Rateable Value $243,604