Appendix B.
REPORT ON THE ASSESSMENT FOR THE YEAR
1933-1934.
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 $37,457,725 to $38,941,273 an addition of $1,483,548 or 3.96 per cent,
2. The following table gives a comparison of the Assessments for the year 1932-1933 and 1933-1934:—
District. Valuation 1932-1933. Valuation 1933-1934. Increase. Per cent. The City of Victoria $25,240,914 $25,568,498 $327,581 1.29 Hong Kong Villages $2,905,269 $3,204,417 $299,178 1.03 Kowloon $7,597,230 $8,207,351 $610,121 8.04 New Kowloon $1,714,312 $1,960,977 $246,665 14.39 Total $37,457,725 $38,941,273 $1,483,548 3.963. The increase in the valuation of the City of Victoria is mainly due to new buildings on the Praya East Reclamation and would have been much greater but for the tendency to reductions of rental in a number of localities.
4. Under Hong Kong Villages the increase is mainly due to the new development at Wongneichung.
5. In Kowloon the increase is due to new Chinese tenements and semi-European flats in Mongkok, European flats and houses on Prince Edward Road and European flats at Kowloon Point.
6. In the case of New Kowloon the increase is largely due to Chinese tenement houses in Shamshuipo and some further building at Kowloon City on the new layout.
7. The number of tenements reported to be vacant averaged about 439 monthly, as compared with 297 last year.