Appendix B.
REPORT ON THE ASSESSMENT FOR THE
YEAR 1938-1939.
By order of His Excellency the Governor in Council a new valuation of the tenements in Hong Kong, Aplichau, Kowloon and New Kowloon has been made. The new Rateable Value amounts to $35,502,622 as compared with $34,208,734 last year, an increase of $1,293,888 or 3.78 per cent.
2. The following table gives a comparison of the Assessments for the year 1937-1938 and 1938-1939.
District. Valuation 1937-1938 Valuation 1938-1939. Inc. Increase. % City of Victoria $ 20,804,547 21,346,621 $ 542,074 2.61 H. K. Villages Kowloon 3,572,778 3,828,927 256,149 7.17 7,704,446 8,118,336 413,890 5.37 New Kowloon 2,126,963 2,208,738 81,775 3.84 34,208,734 35,502,622 1,293,888 3.783. The increase in the valuation of the City of Victoria compares with a decrease of $506,467 last year, and is due to interim valuations of new and improved property, including notably Holland House, and to some improvement in rateable values.
4. The increase under Hong Kong Villages is due to scattered building, storage land and some increase in rateable values. Last year there was an increase of $125,652.
5. In Kowloon the increase compares with a decrease of $35,821 last year. It is due partly to new flats, Chinese tenement houses, godowns and storage land, and partly to improved rateable values.
Appendix B.
REPORT ON THE ASSESSMENT FOR THE
YEAR 1938-1939.
By order of His Excellency the Governor in Council a new valuation of the tenements in Hong Kong, Aplichau, Kowloon and New Kowloon has been made. The new Rateable Value amounts to $35,502,622 as compared with $34,208,734 last year, an increase of $1,293,888 or 3.78 per cent.
2. The following table gives a comparison of the Assessments for the year 1937-1938 and 1938-1939.
District.
Valuation Valuation 1937-1938, 1938-1939.
Inc.
Increase.
%
City of Victoria
$
20,804,547 21,346,621
$
542,074
2.61
H. K. Villages
Kowloon
3,572,778 3,828,927
256,149
7.17
7,704,446
8,118,336
413,890
5.37
New Kowloon
2,126,963
2,208,738
81,775
3.84
34,208,734
35,502,622 1,293,888
3.78
3. The increase in the valuation of the City of Victoria conpares with a decrease of $506,467 last year, and is due to interim valuations of new and improved property, including notably Holland House, and to some improvement in rateable values.
4. The increase under Hong Kong Villages is due to scat- tered building, storage land and some increase in rateable values. Last year there was an increase of $125,652.
5. In Kowloon the increase compares with a decrease of $35,821 last year. It is due partly to new flats, Chinese tenement houses, godowns and storage land, and partly to improved rateable values.
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