## B 3
the
11. In the ten years from 1923-1924 to 1933-1934 rateable value of the Colony has increased by $17,881,573 or 85 per cent.
12. The demand for office and shop accommodation in the centre of the City remains strong, as it does also for European style dwellings in suitable situations on the Island.
13. The rapid development of the Praya East Reclamation together with over building in other parts of the Colony and the depression have led to there being a number of vacant flats and shops scattered throughout the Chinese portions of the City, and, as a result, a demand for reduction of rent in these areas has commenced. Unless the world depression continues, however, it is not anticipated that this condition will remain for long.
TREASURY,
26th May, 1938.
EDWIN TAYLOR,
Treasurer & Assessor.
B 3
the
11. In the ten years from 1923-1924 to 1933-1934 rateable value of the Colony has increased by $17,881,573 or 85 per cent.
12. The demand for office and shop accommodation in the centre of the City remains strong, as it does also for European style dwellings in suitable situations on the Island.
13. The rapid development of the Praya East Reclamation together with over building in other parts of the Colony and the depression have led to there being a number of vacant flats and shops scattered throught the Chinese portions of the City, and, as a result, a demand for reduction of rent in these areas has commenced. Unless the world depression continues, however, it is not anticipated that this condition will remain for long.
TREASURY,
26th May, 1938.
EDWIN TAYLOR,
Treasurer & Assessor.
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