AnnualReport-1931 — Page 82

B 2

8. The number of tenements reported to be vacant averaged about 297 monthly, as compared with 132 last year.

9. During the year ending 30th May, 1932, 2,113 Interim Valuations were made as follows:-

CITY OF VICTORIA ELSEWHERE No. Rateable Value No. Rateable Value New or rebuilt tenements and tenements structurally altered..... 474 $1,308,785 1,200 $1,322,961 Assessments cancelled, tenements resumed, pulled down or being in other respects not rateable... 117 $405,630 322 $304,408 Number and Increase 591 $903,155 1,522 $1,018,553

Year Rateable Value

10. This is the largest number of interim valuations made in any year except in the period ending with the general valuation for the year 1925-1926.

11. The following comparative statement shows the Rateable Value of the Colony of Hong Kong from 1922-1923 to 1932-1933 inclusive:

Year Rateable Value Increase as compared with previous year Percentage of Increase in Rateable Value as compared with previous year 1922-1923 $19,805,929 1923-1924 $21,059,700 $1,253,771 6.33% 1924-1925 $22,147,951 $1,088,251 5.16% 1925-1926 $27,287,862 $5,139,911 23.20% 1926-1927 $27,998,237 $710,375 2.60% 1927-1928 $29,016,439 $1,018,202 3.64% 1928-1929 $30,395,447 $1,379,008 4.75% 1929-1930 $31,617,566 $1,222,119 4.02% 1930-1931 $33,069,602 $1,452,036 4.59% 1931-1932 $35,071,566 $2,001,964 6.04% 1932-1933 $37,457,725 $2,386,159 6.80%