AnnualReport-1939 — Page 80

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REPORT OF THE ASSESSOR FOR THE YEAR 1939.

The total Rateable Value of the Island of Hong Kong (including Aplichau), Kowloon and New Kowloon on the 31st December, 1939, was $43,077,122 as compared with $36,120,381 on the 31st December, 1938, representing an increase of $6,956,741 or 19.26% during the year under review.

2. The following table shows the distribution of the Assessments on December 31st, 1939, as compared with December 31st, 1938:

District Valuation Dec 31st, 1938 Valuation Dec. 31st, 1939 Increase Increase % City of Victoria $21,531,151 $24,724,303 $3,193,152 14.83% H. K. Villages $3,868,149 $4,589,050 $720,901 18.64% Kowloon $8,320,660 $10,600,096 $2,279,436 27.39% New Kowloon $2,334,421 $3,163,664 $829,243 35.52% Total $36,120,381 $43,077,122 $6,956,741 19.26%

3. During the year under review the net revenue from rates was $6,776,168.00 as compared with $5,987,126.31 the previous year, an increase of $789,041.69 or 13.18%.

The refunds of rates in respect of vacant tenements, assessments cancelled, and tenements not rateable amounted to $31,033.28, compared with $52,788.39 in 1938, a decrease of $21,755.11, 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 1st June, 1939, 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 $6,412,450 or 18.06% over the Rateable Value obtained by the re-valuation made in 1938.

District Valuation 1938-1939 Valuation 1939-1940 Increase Increase % City of Victoria $21,346,621 $24,657,053 $3,310,432 15.51% H. K. Villages $3,828,927 $4,279,463 $450,536 11.77% Kowloon $8,118,336 $10,085,784 $1,967,448 24.23% New Kowloon $2,208,738 $2,892,772 $684,034 30.97% Total $35,502,622 $41,915,072 $6,412,450 18.06%

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REPORT OF THE ASSESSOR FOR THE YEAR 1939. The total Rateable Value of the Island of Hong Kong (including Aplichau), Kowloon and New Kowloon on the 31st December, 1939, was $43,077,122 as compared with $36,120,381 on the 31st December, 1938, representing an increase of $6,956,741 or 19.26% during the year under review. 2. The following table shows the distribution of the Assessments on December 31st, 1939, as compared with December 31st, 1938: District Valuation Dec 31st, 1938 Valuation Dec. 31st, 1939 Increase Increase % City of Victoria $21,531,151 $24,724,303 $3,193,152 14.83% H. K. Villages $3,868,149 $4,589,050 $720,901 18.64% Kowloon $8,320,660 $10,600,096 $2,279,436 27.39% New Kowloon $2,334,421 $3,163,664 $829,243 35.52% Total $36,120,381 $43,077,122 $6,956,741 19.26% 3. During the year under review the net revenue from rates was $6,776,168.00 as compared with $5,987,126.31 the previous year, an increase of $789,041.69 or 13.18%. The refunds of rates in respect of vacant tenements, assessments cancelled, and tenements not rateable amounted to $31,033.28, compared with $52,788.39 in 1938, a decrease of $21,755.11, 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 1st June, 1939, 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 $6,412,450 or 18.06% over the Rateable Value obtained by the re-valuation made in 1938. District Valuation 1938-1939 Valuation 1939-1940 Increase Increase % City of Victoria $21,346,621 $24,657,053 $3,310,432 15.51% H. K. Villages $3,828,927 $4,279,463 $450,536 11.77% Kowloon $8,118,336 $10,085,784 $1,967,448 24.23% New Kowloon $2,208,738 $2,892,772 $684,034 30.97% Total $35,502,622 $41,915,072 $6,412,450 18.06%

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¡ A 31 REPORT OF THE ASSESSOR FOR THE YEAR 1939. The total Rateable Value of the Island of Hong Kong (including Aplichau), Kowloon and New Kowloon on the 31st December, 1939, 1939, was was $43,077,122 as compared with $36,120,381 on the 31st December, 1988, representing an increase of $6,956,741 or 19.26% during the year under review. ... 2. The following table shows the distribution of the Assessments on December 31st, 1939, as compared with December 31st, 1938:- District. Valuation Dec 31st, 1938. S Valuation Dec. 31st, Increase. Increase. 1939. $ $ % City of Victoria H. K. Villages Kowloon ...... New Kowloon 21,531,151 24.724.303 3,133,152 14.51 3,868,149 4,589.050 720,910 18.64 Total 2,334,421 36,120,381 8,320,660 10,600,096 3,163,664 2,273,436 27.30 829,243 35.52 43,077,122 6,956,741 19.26 3. During the year under review the net revenue from rates was $6,776,168.00 as compared with $5,987,126.31 the previous year, an increase of $789,041.69 or 13.18%. The refunds of rates in respect of vacum tenements, assessments cancelled, and tenements not rateable amounted to $31,033.28, compared with $52,788.39 in 1938, a decrease of $21,755.11, 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 1st June, 1939, 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 $6,412,450 or 18.06% over the Rateable Value obtained by the re-valuation made in 1938. The details being as follows:- District. City of Victoria H. K. Villages Kowloon New Kowloon Total Valuation Valuation Increase. 1938-1939. 1939-1940. $ $ $ 21,346,621 24,657,053 3,310,432 3,828,927! 4,279,463 8,118,336 10,085,784 2,208,738 2,892,772 35,502,622 Increase. % 15.51 450,536! 11.77 1,967,448 24.23 684,034 30.97 41,915,072 6,412,450 18.06

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A 31

REPORT OF THE ASSESSOR FOR THE YEAR 1939.

The total Rateable Value of the Island of Hong Kong (including Aplichau), Kowloon and New Kowloon on the 31st December, 1939,

1939, was

was $43,077,122 as compared with $36,120,381 on the 31st December, 1988, representing an increase of $6,956,741 or 19.26% during the year under review.

...

2. The following table shows the distribution of the Assessments on December 31st, 1939, as compared with December 31st, 1938:-

District.

Valuation Dec 31st, 1938. S

Valuation Dec. 31st,

Increase.

1939. $

City of Victoria H. K. Villages Kowloon ......

New Kowloon

21,531,151 24.724.303 3,133,152

14.51

3,868,149 4,589.050

720,910

18.64

Total

2,334,421

36,120,381

8,320,660 10,600,096 3,163,664

2,273,436

27.30

829,243

35.52

43,077,122 6,956,741

19.26

3. During the year under review the net revenue from rates was $6,776,168.00 as compared with $5,987,126.31 the previous year, an increase of $789,041.69 or 13.18%.

The refunds of rates in respect of vacum tenements, assessments cancelled, and tenements not rateable amounted to $31,033.28, compared with $52,788.39 in 1938, a decrease of $21,755.11, 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.

The details being as follows:-

District.

City of Victoria

H. K. Villages

Kowloon

New Kowloon

Total

Valuation Valuation

Increase. 1938-1939. 1939-1940.

21,346,621 24,657,053 3,310,432

3,828,927! 4,279,463 8,118,336 10,085,784 2,208,738 2,892,772

35,502,622

Increase.

15.51

450,536!

11.77

1,967,448

24.23

684,034

30.97

41,915,072 6,412,450

18.06

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