11
MONDAY, OCTOBER 2, 1989
"THE REVALUATION IS NECESSARY
то REFLECT CHANGES IN RENTAL VALUES SINCE THE RATEABLE VALUES WERE LAST REVIEWED, AND TO ENSURE THAT THE AMOUNT OF RATES PAID BY EACH RATEPAYER WILL BE IN PROPORTION TO THE CURRENT RENTAL VALUE OF THE PROPERTY HE OCCUPIES," HE SAID.
MR BLENKINSOP SAID IT WAS IMPORTANT TO NOTE THAT A REVALUATION DEPENDED WAS NOT A REVENUE-RAISING EXERCISE, FOR THE YIELD FROM RATES ON THE TOTAL PERCENTAGE CHARGED ON THE RATEABLE VALUES.
EACH "THIS PERCENTAGE CAN BE VARIED BY THE LEGISLATIVE COUNCIL
BEEN YEAR, IRRESPECTIVE OF WHETHER A REVALUATION HAS
UNDERTAKEN, IN URBAN AND REGIONAL ORDER TO REFLECT THE FUNDING REQUIREMENTS OF THE COUNCILS AND OF THE GENERAL REVENUE," HE SAID.
"THEREFORE, THE EFFECT OF A REVALUATION IN TERMS OF THE AMOUNT KNOWN WHEN OF RATES PAYABLE FOR ANY PARTICULAR PROPERTY WILL ONLY BE
THE PERCENTAGE CHARGE FOR BOTH THE REVISED RATEABLE VALUE AND YEAR 1991-92 APPLICABLE TO THAT PROPERTY HAVE BEEN DETERMINED.
YEAR,
THE COMMISSIONER SAID THAT TOWARDS THE END OF THIS DEPARTMENT WOULD ISSUE REQUISITION FORMS TO OBTAIN DETAILS OF RENTS IN RESPECT OF ALL CATEGORIES OF PROPERTY WHICH WERE LET WHICH UP-TO-DATE RENTAL INFORMATION HAD NOT YET BEEN RECEIVED.
HAD
THE
THE CURRENT OR FOR
ALREADY BEEN ISSUING REQUISITION FORMS
THOSE PROPERTIES EXISTING
THE DEPARTMENT PERIODICALLY IN RESPECT OF RECORDS INDICATED THAT THE LETTING WAS POSSIBLE.
LEASES
WHERE
HAD
DEPARTMENTAL
OR A EXPIRED
NEW
AMOUNT BASIS AND WOULD REDUCE IN BULK PRIOR TO THE
THIS HAD ENABLED THE DEPARTMENT TO OBTAIN A SUBSTANTIAL OF UP-TO-DATE RENTAL DETAILS ON AN ON-GOING THE NUMBER OF REQUISITION FORMS TO BE ISSUED COMMENCEMENT OF THE REVALUATION,
MR BLENKINSOP SAID THE EXISTING RATEABLE VALUES WERE RENTAL VALUES AROUND OCTOBER 1, 1986.
BASED ON
VALUES
FOR THE NEXT REVALUATION, THEY WOULD BE BASED ON RENTAL AS AT A NEW REFERENCE DATE. THIS HAD NOT YET BEEN DETERMINED BUT WOULD BE DESIGNATED BY THE GOVERNOR LATER NEXT YEAR.
NEW RADIO FREQUENCY PLAN BEGINS ON JANUARY 1
RADIO BROADCASTING IN HONG KONG WILL MOVE INTO A NEW ERA NEXT YEAR WHEN A NEW FREQUENCY PLAN PROVIDING RADIO TELEVISION HONG KONG (RTHK) WITH THREE FM AND FOUR AM CHANNELS AND COMMERCIAL RADIO WITH TWO FM AND ONE AM CHANNELS WILL BE BROUGHT INTO SERVICE ON NEW YEAR'S DAY.
THE PLAN ALSO SETS ASIDE TWO NEW FM AND ONE AM CHANNELS FOR THE USE OF THE SECOND COMMERCIAL RADIO BROADCASTER.
/ANNOUNCING THE
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