HKG-CAR1904-1919 — Page 273

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266

6

Hong Kong Annual Administration Reports, 1841–1941

COLONIAL REPORTS-ANNUAL.

No new taxation was imposed during the year and no change of any importance was made in existing taxation.

The existing valuation for 1912-1913 was adopted as the valuation for 1913-1914. During the year ending 30th June, 1913, no general assessment was made, the difference in rateable value being the result of interim assessments.

Increases.

The City of Victoria, $164,202 or 1·63 per cent.

The Hill District, $8,700 or 2·99 per cent.

Shaukiwan, Saiwanho, and Quarry Bay, $4,075 or 1·11 per cent. Hong Kong Villages, $3,019 or 2·31 per cent.

Yaumati, $1,760 or 0·67 per cent.

Mongkoktsui, $2,715 or 1·76 per cent.

Hung Hom and Hok Un, $140 or 0·04 per cent.

Decreases.

Kowloon Point, $18,835 or 3·56 per cent. New Kowloon, $15,903 or 13·33 per cent.

Kowloon Villages, $11,187 or 11·7 per cent.

The rateable value of the whole Colony amounted to $12,450,992, being an increase of $138,686 or equal to 1·12 per cent. over the value of the previous year.

For the period 1904-1913 the assessment of the whole Colony has risen from $9,929,171 to $12,450,992, an increase in value of 25·39 per cent.

The circulation on the 31st December of notes of the three banks having authorised issues was as follows:-

Hong Kong and Shanghai Bank $18,417,339

Chartered Bank of India, Australia and China $5,429,671

Mercantile Bank of India $704,742

$24,551,752

An Ordinance (No. 13 of 1913) was passed prohibiting the circulation of bank notes other than those authorised, while Ordinance No. 15 of 1913, coming into force on 1st March, 1914, was passed to prohibit the circulation of foreign silver coin.

The currency of the Colony consists, in addition to the notes of these banks, of British, Hong Kong, and Mexican dollars and of subsidiary coin.

Foreign note circulation has wholly ceased.

The rate of discount on Hong Kong subsidiary coin varied during 1913 between the following limits:--

50 cent pieces par to 3/2 per cent. 20 8 12 6 10 3 1 5 Copper coin par
No changes were made on the original content other than formatting and minor corrections as per the instructions. The table was reconstructed for better readability.

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266 6 Hong Kong Annual Administration Reports, 1841–1941 COLONIAL REPORTS-ANNUAL. No new taxation was imposed during the year and no change of any importance was made in existing taxation. The existing valuation for 1912-1913 was adopted as the valuation for 1913-1914. During the year ending 30th June, 1913, no general assessment was made, the difference in rateable value being the result of interim assessments. Increases. The City of Victoria, $164,202 or 1·63 per cent. The Hill District, $8,700 or 2·99 per cent. Shaukiwan, Saiwanho, and Quarry Bay, $4,075 or 1·11 per cent. Hong Kong Villages, $3,019 or 2·31 per cent. Yaumati, $1,760 or 0·67 per cent. Mongkoktsui, $2,715 or 1·76 per cent. Hung Hom and Hok Un, $140 or 0·04 per cent. Decreases. Kowloon Point, $18,835 or 3·56 per cent. New Kowloon, $15,903 or 13·33 per cent. Kowloon Villages, $11,187 or 11·7 per cent. The rateable value of the whole Colony amounted to $12,450,992, being an increase of $138,686 or equal to 1·12 per cent. over the value of the previous year. For the period 1904-1913 the assessment of the whole Colony has risen from $9,929,171 to $12,450,992, an increase in value of 25·39 per cent. The circulation on the 31st December of notes of the three banks having authorised issues was as follows:- Hong Kong and Shanghai Bank $18,417,339 Chartered Bank of India, Australia and China $5,429,671 Mercantile Bank of India $704,742 $24,551,752 An Ordinance (No. 13 of 1913) was passed prohibiting the circulation of bank notes other than those authorised, while Ordinance No. 15 of 1913, coming into force on 1st March, 1914, was passed to prohibit the circulation of foreign silver coin. The currency of the Colony consists, in addition to the notes of these banks, of British, Hong Kong, and Mexican dollars and of subsidiary coin. Foreign note circulation has wholly ceased. The rate of discount on Hong Kong subsidiary coin varied during 1913 between the following limits:-- 50 cent pieces par to 3/2 per cent. 20 8 12 6 10 3 1 5 Copper coin par No changes were made on the original content other than formatting and minor corrections as per the instructions. The table was reconstructed for better readability.
Baseline (Original)
266 6 Hong Kong Annual Administration Reports, 1841–1941 COLONIAL REPORTS-ANNUAL. No new taxation was imposed during the year and no change of any importance was made in existing taxation. The existing valuation for 1912-1913 was adopted as the valuation for 1913-1914. During the year ending 30th June, 1913, no general assessment was made, the difference in rateable value being the result of interim assessments. Increases. The City of Victoria, $164,202 or 1·63 per cent. The Hill District, $8,700 or 2-99 per cent. Shaukiwan, Saiwanho, and Quarry Bay, $4,075 or 1·11 per cent. Hong Kong Villages, $3,019 or 2:31 per cent. Yaumati, $1,760 or 0.67 per cent. Mongkoktsui, $2,715 or 176 per cent. Hung Hom and Hok Un, $140 or 0.04 per cent. Decreases. Kowloon Point, $18,835 or 3.56 per cent. New Kowloon, $15,903 or 13:33 per cent. Kowloon Villages, $11,187 or 11·7 per cent. The rateable value of the whole Colony amounted to $12,450,992, being an increase of $138,686 or equal to 1·12 per cent. over the value of the previous year. For the period 1904-1913 the assessment of the whole Colony has risen from $9,929,171 to $12,450,992, an increase in value of 25-39 per cent. The circulation on the 31st December of notes of the three banks having authorised issues was as follows:- ong Kong and Shanghai Bank Chartered Bank of India, Australia and China Mercantile Bank of India. $18,417,339 5,429,671 704,742 $24,551,752 An Ordinance (No. 13 of 1913) was passed prohibiting the circulation of bank notes other than those authorised, while Ordinance No. 15 of 1913, coming into force on 1st March, 1914, was passed to prohibit the circulation of foreign silver coin. The currency of the Colony consists, in addition to the notes of these banks, of British, Hong Kong, and Mexican dollars and of subsidiary coin. Foreign note circulation has wholly ceased. The rate of discount on Hong Kong subsidiary coin varied during 1913 between the following limits:-- 50 cent pieces, par 20 10 5 >> >> to 32 per cent. 8 12 6 31 per cent. >> >> >> 1 >> >> Copper coin, par.
2026-05-10 21:12:55 · Baseline
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266

6

Hong Kong Annual Administration Reports, 1841–1941

COLONIAL REPORTS-ANNUAL.

No new taxation was imposed during the year and no change of any importance was made in existing taxation.

The existing valuation for 1912-1913 was adopted as the valuation for 1913-1914. During the year ending 30th June, 1913, no general assessment was made, the difference in rateable value being the result of interim assessments.

Increases.

The City of Victoria, $164,202 or 1·63 per cent.

The Hill District, $8,700 or 2-99 per cent.

Shaukiwan, Saiwanho, and Quarry Bay, $4,075 or 1·11 per cent. Hong Kong Villages, $3,019 or 2:31 per cent.

Yaumati, $1,760 or 0.67 per cent.

Mongkoktsui, $2,715 or 176 per cent.

Hung Hom and Hok Un, $140 or 0.04 per cent.

Decreases.

Kowloon Point, $18,835 or 3.56 per cent. New Kowloon, $15,903 or 13:33 per cent.

Kowloon Villages, $11,187 or 11·7 per cent.

The rateable value of the whole Colony amounted to $12,450,992, being an increase of $138,686 or equal to 1·12 per cent. over the value of the previous year.

For the period 1904-1913 the assessment of the whole Colony has risen from $9,929,171 to $12,450,992, an increase in value of 25-39 per cent.

The circulation on the 31st December of notes of the three banks having authorised issues was as follows:-

ong Kong and Shanghai Bank

Chartered Bank of India, Australia and China Mercantile Bank of India.

$18,417,339

5,429,671

704,742

$24,551,752

An Ordinance (No. 13 of 1913) was passed prohibiting the circulation of bank notes other than those authorised, while Ordinance No. 15 of 1913, coming into force on 1st March, 1914, was passed to prohibit the circulation of foreign silver coin.

The currency of the Colony consists, in addition to the notes of these banks, of British, Hong Kong, and Mexican dollars and of subsidiary coin.

Foreign note circulation has wholly ceased.

The rate of discount on Hong Kong subsidiary coin varied during 1913 between the following limits:--

50 cent pieces, par

20

10

5

>>

>>

to 32 per cent.

8 12 6

31 per cent.

>>

>>

>>

1

>>

>>

Copper coin, par.

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