Copy.
Enclosure No. 3
25
Honourable Financial Secretary.
The proper course for "any person who is aggrieved
by any interim valuation" is to appeal to the Supreme Court in its summary jurisdiction, as provided for in Section 28 of the Rating Ordinance (No. 6 of 1901). Mr. Ip has failed to make such an appeal and the prescribed time limit for so doing has
expired.
2.
Mr. Ip Kwai Chung also gave us trouble over the "Haw Par Mansion" assessment. (Mr. Ip was formerly a clerk
in the Imports and Exports Office).
3.
factory.
The premises are part of the former M. Y. San biscuit The M. Y. San Company went into liquidation some years ago, after which the factory remained idle. This factory could not be regarded as vacant for the purpose of refund of rates because it still contained the biscuit making machinery.
A reduced assessment was, however, granted, arrived
at on the basis of the use of the factory as a godown to house the idle machinery, which method is used at home in similar cases. Consequently, the assessment of $4,800, referred to in Mr. Ip's letter of 30th January, 1939, to His Excellency the Governor, was a much lower figure than it would have been had the factory
been working.
41..
The new
The interim assessment of $21,800 was made by Mr. Polglase, after careful consideration, last November, after the present owners had spent $52,130. on reconditioning the building. assessment is higher than the previous assessment (1) because of the change to a normal usage of the building, (2) because of the improvements carried out, and (3) because of the higher rents
obtaining.
5.
The interim assessment was made on the comparative basis and was considered to be fair and reasonable at the time of the
valuation. On the contractor's basis the valuation came out higher.
| (Mr. Ip's working and figures are materially incorrect).
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