TNAG-0809-FCO40-1014-Legislation-for-Crown-lands-in-Hong-Kong-1978 — Page 198

Enclosure N. 4

A BILL

To

Amend the Crown Leases Ordinance.

Enacted by the Governor of Hong Kong, with the advice and consent

of the Legislative Council thereof.

1. This Ordinance may be cited as the Crown Leases (Amendment) Short title. Ordinance 1978.

2.

Section 9 of the principal Ordinance is amended-

Amendment of section 9.

(a) in subsection (1) by inserting after "lot or section" the following (Cap. 40.)

"held under the new Crown lease";

(b) by deleting subsections (2) and (3) and substituting the following-

"(2) Subject to the provisions of this section, the rateable value for the purposes of this section of a lot or section held under a new Crown lease is—

(Cap. 116.)

(a) the rateable value, if any, as set out on the relevant day in the list declared under section 13 of the Rating Ordinance, of the tenement, or, if there is more than one tenement, the aggregate of the rate- able values, if any, as so set out of all the tenements comprised wholly or partly in the lot or section held under the new Crown lease; or

(b) the interim valuation, if any, on the relevant day as ascertained by the Commissioner under the Rating Ordinance, of the tenement, or, if there is more than one tenement, the aggregate of all the interim valua- tions, if any, as so ascertained of tenements com- prised wholly or partly in the lot or section held under the new Crown lease; or

(c) the aggregate of the foregoing,

as the case may be.

(3) Where after the relevant day an interim valuation is made by the Commissioner under the Rating Ordinance of any tenement comprised wholly or partly in a lot or section held under a new Crown lease, then with effect from the first day of the month following that in which the interim valuation became effective under the Rating Ordinance, and notwith- standing subsection (2)-

(a) if there was on the day preceding the making of

the interim valuation no rateable value of the tene- ment as specified in subsection (2)(a) and no previous interim valuation of the tenement nor of any part of the tenement, the rateable value of the lot or section for the purposes of this section is the aggregate of the interim valuation and the rate- able value under subsection (2) of the lot or section on the day preceding the making of the interim valuation;

(b) if there was on the day preceding the making of the interim valuation a rateable value of the tene- ment as specified in subsection (2)(a) or a previous interim valuation of the tenement, the rateable value of the lot or section for the purposes of this section shall be determined by substituting the interim valua-