AnnualReport-1938 — Page 104

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# REPORT OF THE ASSESSOR FOR THE YEAR 1938.

1. The total Rateable Value of the Island of Hong Kong (including Aplichau), Kowloon and New Kowloon on the 31st December 1938 was $36,120,381 as compared with $34,700,389 on the 31st December 1937, representing an increase of $1,419,992 or 4.09% during the year under review.

2. The following table shows the distribution of the Assessments on December 31st 1938:

District Valuation on 31.12.38 $ City of Victoria 21,591,151 H. K. Villages 3,868,149 Kowloon 8,326,660 New Kowloon 2,334,421 Total 36,120,381

3. During the year under review the net revenue from rates was $5,987,126.31 as compared with $5,914,066.49 the previous year, an increase of $73,059.82. The refunds of rates in respect of vacant tenements, assessments cancelled, and tenements not rateable amounted to $52,788.39, compared with $128,138.69 in 1937, a decrease of $75,350.30, which figure, however, cannot be directly compared with the increase in the revenue from rates given above, owing to the effect of a preponderance of early or late payments at the beginning and end of the year and a number of other varying factors.

4. By order of His Excellency the Governor in Council a new valuation of the tenements in Hong Kong, Aplichau, Kowloon and New Kowloon was made during the year, being commenced at the beginning of the year and completed by the 29th April 1938, on which date the List was declared before the Honourable the Colonial Secretary as required by law. The result of the new valuation was an increase of $1,293,888 or 3.78% over the Rateable Value obtained by the re-valuation made in 1937.

The details being as follows:

District Valuation 1937-1938 Valuation 1938-1939 Increase Increase % City of Victoria 20,804,547 21,346,621 542,074 2.61 H. K. Villages 3,572,778 3,828,927 256,149 7.17 Kowloon 7,704,446 8,118,336 413,890 5.37 New Kowloon 2,126,963 2,208,738 81,775 3.84 Total 34,208,734 35,502,622 1,293,888 3.78

Observations with regard to these increases were given in last year's Annual Report.

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# REPORT OF THE ASSESSOR FOR THE YEAR 1938. 1. The total Rateable Value of the Island of Hong Kong (including Aplichau), Kowloon and New Kowloon on the 31st December 1938 was $36,120,381 as compared with $34,700,389 on the 31st December 1937, representing an increase of $1,419,992 or 4.09% during the year under review. 2. The following table shows the distribution of the Assessments on December 31st 1938: District Valuation on 31.12.38 $ City of Victoria 21,591,151 H. K. Villages 3,868,149 Kowloon 8,326,660 New Kowloon 2,334,421 Total 36,120,381 3. During the year under review the net revenue from rates was $5,987,126.31 as compared with $5,914,066.49 the previous year, an increase of $73,059.82. The refunds of rates in respect of vacant tenements, assessments cancelled, and tenements not rateable amounted to $52,788.39, compared with $128,138.69 in 1937, a decrease of $75,350.30, which figure, however, cannot be directly compared with the increase in the revenue from rates given above, owing to the effect of a preponderance of early or late payments at the beginning and end of the year and a number of other varying factors. 4. By order of His Excellency the Governor in Council a new valuation of the tenements in Hong Kong, Aplichau, Kowloon and New Kowloon was made during the year, being commenced at the beginning of the year and completed by the 29th April 1938, on which date the List was declared before the Honourable the Colonial Secretary as required by law. The result of the new valuation was an increase of $1,293,888 or 3.78% over the Rateable Value obtained by the re-valuation made in 1937. The details being as follows: District Valuation 1937-1938 Valuation 1938-1939 Increase Increase % City of Victoria 20,804,547 21,346,621 542,074 2.61 H. K. Villages 3,572,778 3,828,927 256,149 7.17 Kowloon 7,704,446 8,118,336 413,890 5.37 New Kowloon 2,126,963 2,208,738 81,775 3.84 Total 34,208,734 35,502,622 1,293,888 3.78 Observations with regard to these increases were given in last year's Annual Report.

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- A 30 A. REPORT OF THE ASSESSOR FOR THE YEAR 1938. 1. The total Rateable Value of the Island of Hong Kong (including Aplichau), Kowloon and New Kowloon on the 31st December 1938 was $36,120,381 as compared with $34,700,389 on the 31st December 1937, representing an increase of $1,419,992 or 4.09% during the year under review. 2. The following table shows the distribution of the Assessments on December 31st 1938:- District. Valuation on 31. 12. 38. $ City of Victoria H. K. Villages Kowloon .... New Kowloon Total 21,591,151 3,868,149 8,326,660 2,334,421 36,120,381 3. During the year under review the net revenue from rates was $5,987,126.31 as compared with $5,914,066.49 the previous year, an increase of $73,059.82. The refunds of rates in respect of vacant tenements, assessments cancelled, and tenements not rateable amounted to $52,788.39, compared with $128,138.69 in 1937, a decrease of $75,350.30, which figure, however, cannot be directly com- pared with the increase in the revenue from rates given above, owing to the effect of a preponderance of early or late payments at the beginning and end of the year and a number of other varying factors. 4. By order of His Excellency the Governor in Council a new valuation of the tenements in Hong Kong, Aplichau, Kowloon and New Kowloon was made during the year, being commenced at the beginning of the year and completed by the 29th April 1938, on which date the List was declared before the Honourable the Colonial Secretary as required by law. The resuit of the new valuation was an increase of $1,293,888 or 3.78% over the Rateable Value obtained by the re-valuation made in 1937. The details being as follows:- District Valuation Valuation 1937-1938 1938-1939 Increase Increase % $ $ City of Victoria 20,804,547 21,346,621 542,074 2.61 H. K. Villages 3,572,778 3,828,927 256,149 7.17 Kowloon New Kowloon Total 7,704,446 8,118,336 413,890 5.37 2,126,963 2,208,738 81,775 3.84 34,208,734 35,502,622 1,293,888 8.78 Observations with regard to these increases were given in last year's Annual Report.

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- A 30

REPORT OF THE ASSESSOR FOR THE YEAR 1938.

2. The following table shows the distribution of the Assessments on December 31st 1938:-

District.

Valuation on 31. 12. 38.

City of Victoria

H. K. Villages

Kowloon

....

New Kowloon

Total

21,591,151

3,868,149

8,326,660

2,334,421

36,120,381

3. During the year under review the net revenue from rates was $5,987,126.31 as compared with $5,914,066.49 the previous year, an increase of $73,059.82. The refunds of rates in respect of vacant tenements, assessments cancelled, and tenements not rateable amounted to $52,788.39, compared with $128,138.69 in 1937, a decrease of $75,350.30, which figure, however, cannot be directly com- pared with the increase in the revenue from rates given above, owing to the effect of a preponderance of early or late payments at the beginning and end of the year and a number of other varying factors.

4. By order of His Excellency the Governor in Council a new valuation of the tenements in Hong Kong, Aplichau, Kowloon and New Kowloon was made during the year, being commenced at the beginning of the year and completed by the 29th April 1938, on which date the List was declared before the Honourable the Colonial Secretary as required by law. The resuit of the new valuation was an increase of $1,293,888 or 3.78% over the Rateable Value obtained by the re-valuation made in 1937.

The details being as follows:-

District

Valuation Valuation 1937-1938 1938-1939

Increase

City of Victoria

20,804,547 21,346,621

542,074 2.61

H. K. Villages

3,572,778 3,828,927 256,149 7.17

Kowloon

New Kowloon

Total

7,704,446 8,118,336

413,890 5.37

2,126,963 2,208,738

81,775 3.84

34,208,734

35,502,622

1,293,888 8.78

Observations with regard to these increases were given in last year's Annual

Report.

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