CO129-548-1 Annual reports from various government departments 3-4-1934 - 11-6-1935 — Page 241

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11. In the ten years from 1924-1925 to 1934-1935 the rateable value of the Colony has increased by $16,493,905 or 74.47 per cent.

12. The effect of the fall in rentals is more readily seen if the interim valuations during 1933 are deducted from the New Rateable Value which then becomes $36,439,373 revealing a decrease of 6.86 per cent.

13. The fall in the rentals of Chinese tenements continues, and is becoming more general. The rents of Shops and Offices in the central part of the City are now beginning to be affected by the trade depression.

TREASURY,

16th May, 1934.

EDWIN TAYLOR,

Teasurer and Assessor.

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