AnnualReport-1937 — Page 118

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B 4

The increase in the rateable value this year shows the turning point in the greatest and most prolonged decrease in rental values that has taken place in the Colony for at least the last fifty years.

It is estimated that the fall in rents averaged some 25%, though many rents fell by as much as 50%.

It may be as well to mention here that fancy rents and also rents that are only likely to be maintained temporarily cannot be taken as the basis for assessing rateable values, which have to be based upon the rent at which the tenement might reasonably be expected to let, (under certain conditions), from year to year.

Assessor's Office,

29th April, 1938.

J. RING,

Assessor.

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B 4 The increase in the rateable value this year shows the turning point in the greatest and most prolonged decrease in rental values that has taken place in the Colony for at least the last fifty years. It is estimated that the fall in rents averaged some 25%, though many rents fell by as much as 50%. It may be as well to mention here that fancy rents and also rents that are only likely to be maintained temporarily cannot be taken as the basis for assessing rateable values, which have to be based upon the rent at which the tenement might reasonably be expected to let, (under certain conditions), from year to year. Assessor's Office, 29th April, 1938. J. RING, Assessor.
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B 4 The increase in the rateable value this year shows the turning point in the greatest and most prolonged decrease in rental values that has taken place in the Colony for at least the last fifty years. It is estimated that the fall in rents averaged some 25%, though many rents fell by as much as 50%- It may be as well to mention here that fancy rents and also rents that are only likely to be maintained temporarily cannot be taken as the basis for assessing rateable values, which have to be based upon the rent at which the tenement might reasonably be expected to let, (under certain conditions), from year to year. Assessor's Office, 29th April, 1938. J. RING, Assessor. ド
2026-05-10 04:50:09 · Baseline
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B 4

The increase in the rateable value this year shows the turning point in the greatest and most prolonged decrease in rental values that has taken place in the Colony for at least the last fifty years.

It is estimated that the fall in rents averaged some 25%, though many rents fell by as much as 50%-

It may be as well to mention here that fancy rents and also rents that are only likely to be maintained temporarily cannot be taken as the basis for assessing rateable values, which have to be based upon the rent at which the tenement might reasonably be expected to let, (under certain conditions), from year to year.

Assessor's Office,

29th April, 1938.

J. RING,

Assessor.

ド

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