XN000022-1972-11-28 — Page 1

PRH 7 4000001

H

香港政府

GIS 新聞處

DAILY INFORMATION BULLETIN

Tuesday, November 28, 1972

POSTING OF NOTICES OF VALUATION TO RATEPAYERS

Notices of Valuation (Form 4A) are now being posted to ratepayers

advising them of their new rateable values for the financial year of 1973/74.

The despatch of the notices is being phased over the next few weeks.

Announcing this today, the Commissioner of Rating and Valuation,

Mr. R.A. Fry, said that it was the first revision to be carried out for four

years.

He explained that the new rateable values, which will come into effect

on April 1, 1973, are based on annual letting values.

"Because of the general increase in rental values over the past four

years, there is a general increase in rateable values of around 40 per cent",

he said.

Mr. Fry pointed out that the effect of the increase in rateable values

in the urban area of Hong Kong Island, Kowloon and New Kowloon will be cushioned

to some extent, by the proposed reduction in the rates charge from the current

17 per cent to 15 per cent per annum.

There will be no change in the present rates charge of 11 per cent

for the rated portion of the New Territories.

FOR LIST OF CONTENTS PLEASE SEE LAST PAGE

/Mr. Fry

Issued by Government Information Services, Beaconsfield House, Hong Kong. Tel: 5-233191