XN000022-1973-03-09 — Page 6

Friday, March 9, 1973

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VALUATION LIST FOR 1973-74 DECLARED

Over 300,000 Assessments Made

The valuation list for 1973-74 was today declared by the Commissioner

of Rating and Valuation, Mr. R.A. Fry, before the Deputy Colonial Secretary,

Mr. G.P. Lloyd, at the department's offices at No. 1 Garden Road.

The occasion was a historic one in that it is the last time that this

annual ceremony will take place as, under the new Rating Ordinance, which will

come into effect on April 1, the declaration procedure has been much simplified.

The Financial Secretary, Mr. C.P. Haddon-Cave, also took this opportunity

to inspect the valuation list and meet senior officers of the Rating and Valuation

Department.

The valuation list for 1973-74 is the largest ever, comprising 134

volumes containing about 313,000 separate assessments with a total rateable

value of nearly $3,277 million, as compared with some $2,150 million a year ago.

Following the declaration, the 1973-74 list was delivered to the

Accountant General, Mr. D.W.A. Blye, whose responsibility it is to collect the

rates so assessed.

As Collector of Rates, Mr. Blye, will also now be responsible for paying

to the Urban Council its share of the urban rate, which for 1973-74 has been

set at six per cent.

The deposited list will be open for inspection during office hours at

the offices of the Accountant General, Central Government Offices, West Wing,

2nd Floor, Ice House Street, Hong Kong, for a period of 21 days until March 30.

During this period any person who is aggrieved concerning a valuation

shown in the list may lodge notice of appeal at the District Court. However,

people intending so to do are invited first to get in touch with the Rating and

Valuation Department, where advice will gladly be given.

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