XN000022-1979-02-16 — Page 2

FRIDAY, FEBRUARY 16, 1979

PERCENTAGE RATE CHARGES

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PUBLISHED IN TODAY'S (FRIDAY) GOVERNMENT GAZETTE IS THE RESOLUTION OF THE LEGISLATIVE COUNCIL FIXING THE PERCENTAGES TO BE CHARGED ON THE RATEABLE VALUES FOR THE NEXT FINANCIAL YEAR STARTING ON APRIL 1.

A SPOKESMAN FOR THE RATING AND VALUATION DEPARTMENT POINTED OUT THAT THERE WILL BE NO CHANGE TO THE PRECENTAGE RATE CHARGES IN THE URBAN AREAS OR IN TSUEN WAN, KWAI CHUNG OR TSING YI.

THE ONLY CHANGES WILL BE IN THE NEW RATING AREAS IN THE NEW TERRITORIES YUEN LONG, TAI PO, FAN LING-SHEUNG SHUI, TUEN MUN, SHA TIN, CLEAR WATER BAY AND SAI KUNG.

THESE INCREASES RESULT FROM THE APPROVED POLICY FOR THE EXTENSION OF RATING TO THE NEW TERRITORIES WHEREBY THE GENERAL RATE FOR NEWLY ASSESSED AREAS IS BEING PHASED IN SO THAT IN THE FIRST YEAR THE RATE APPLIED IS EQUAL TO 50 PER CENT OF THE NEW TERRITORIES GENERAL RATE, IN THE SECOND YEAR 60 PER CENT, IN THE THIRD YEAR 70 PER CENT AND SO ON UP TO 100 PER CENT ÎN THE SIXTH YEAR.

THE TOTAL RATES OF CHARGE ON THE RATEABLE VALUES (INCLUDING URBAN COUNCIL RATES WHERE APPLICABLE) EFFECTIVE FROM APRIL 1 ARE:

HONG KONG, KOWLOON AND NEW KOWLOON (AREAS A AND BC)

{

11-1/2 PER CENT (NO CHANGE)

TSUEN WAN, KWAI CHUNG AND TSING YI (AREAS D AND E)

{

11 PER CENT (NO CHANGE)

TUEN MUN, YUEN LONG, FAN LING/( SHEUNG SHUI, TAI PO, SHA TIN AND CLEAR WATER BAY (AREAS F · M)

{

SAI KUNG (AREA N)

9 PER CENT (INCREASED FROM 8 PER CENT)

8 PER CENT

(INCREASED FROM 7 PER CENT)

ALL ENQUIRIES REGARDING THIS MATTER SHOULD BE MADE TO THE DEPARTMENT EITHER BY PERSONAL CALL OR BY TELEPHONING:

* 5-281424 FOR HONG KONG AND KOWLOON

* 5-284047 FOR NEW KOWLOON

* 5-284037 FOR NEW TERRITORIES

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