XN000022-1972-03-01 — Page 55

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Wednesday, March 1, 1972

Most assessed values were likely to increase even if there were

a tendency for rents to decline this year; and the 1972 Property Review indicated there might well be some downturn in rents, particularly for

flatted factories and also perhaps for large flats, he added.

He pointed out that there were a fair number of shop premises, vacant at the present time, but rents for shops generally showed little sign

of falling.

FULL TEXT OF FINANCIAL SECRETARY'S SPEECH

Distributed Separately In Press Boxes

Note to Editors:

Copies of the full text of the Financial Secretary's Budget Speech are distributed separately in the Press Boxes, G.I.S. this evening.

Release time: 10.00 p,m,