SATURDAY, APRIL 6, 1974
RATEABLE VALUES OF 33 TSIM SHA TSUI PREMISES REDUCED
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A TOTAL OF 91 PROPOSALS FOR THE ALTERATION OF ENTRIES IN THE VALUATION LISTS FOR 1974-75 HAVE BEEN RECEIVED BY THE COMMISSIONER OF RATING AND VALUATION.
A NUMBER OF THESE PROPOSALS, WERE OBJECTIONS AGAINST THE PREMISES BEING RATED AND INCLUDED IN A LIST, WHILE OTHERS. WERE PROPOSALS TO REDUCE ASSESSED RATEABLE VALUES, A SPOKESMAN FOR THE DEPARTMENT SAID.
OF PARTICULAR INTEREST ARE 33 PROPOSALS IN RESPECT OF PREMISES IN A WELL-KNOWN TSIM SHA TSUI SHOPPING ARCADE. BECAUSE OF REDUCED RENTS RECENTLY NEGOTIATED BY TENANTS THE DEPARTMENT HAS ACCEPTED THESE PROPOSALS AND AGREED REDUCED RATING ASSESSMENTS FOR THE ENSUING YEAR.
THE REMAINING PROPOSALS HAVE EITHER BEEN DEALT WITH OR ARE STILL BEING CONSIDERED. ALL VALID PROPOSALS SHOULD HAVE BEEN SUBMITTED BY MARCH 29.
THIS IS THE FIRST OCCASION ON WHICH RATEPAYERS HAVE BEEN ABLE TO SEEK REDUCTIONS IN RATEABLE VALUES IN AN EXISTING VALUATION LIST WITHOUT HAVING TO GO THROUGH THE SOMETIMES · EXPENSIVE AND TIME-CONSUMING PROCESS OF LODGING AN APPEAL IN
THIS WAS ONE OF THE NEW FEATURES OF RATING THE DISTRICT COURT. PRACTICE INTRODUCED BY THE RATING ORDINANCE 1973.
THE RIGHT OF APPEAL TO THE DISTRICT COURT AGAINST THE DECISION OF THE COMMISSIONER FOLLOWING THE MAKING OF A
PROPOSAL STILL REMAINS.
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