10. In the ten years from 1927-1928 to 1937-1938 the rateable value of the Colony has increased by $5,192,295 or 17.89 per cent.
11. If the interim valuations are deducted from the new total valuation of the Colony, the decrease this year is 2.13 per cent as compared with 7.63 per cent last year.
12. The fall in rents eased off during the year, and generally speaking rents have now become fairly steady.
This is the fourth successive annual valuation showing a decrease. The new Rateable value is $862,832 below that for the year 1931-1932, and is 12.15 per cent below the highest value of $38,941,273, being the value for the year 1933-1934. After deducting the interims the average drop in rateable value since 1933-1934 is 2.88 per cent.
TREASURY,
10th June, 1937.
W. J. CARRIE,
Treasurer & Assessor.
-B 3
10. In the ten years from 1927-1928 to 1937-1938 the rate- able value of the Colony has increased by $5,192,295 or 17.89 per cent.
11. If the interim valuations are deducted from the new total valuation of the Colony, the decrease this year is 2.13 per cent as compared with 7.63 per cent last year.
12. The fall in rents eased off during the year, and generally speaking rents have now become fairly steady.
This is the fourth successive annual valuation showing a decrease. The new Rateable value is $862,832 below that for the year 1931-1932, and is 12.15 per cent below the highest value of $38,941,273, being the value for the year 1933-1934. After deducting the interims the average drop in rateable value since 1933-1934 is 22.88 per cent.
TREASURY,
10th June, 1937.
W. J. CARRIE,
Treasurer & Assessor.
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