TNAG-0809-FCO40-1014-Legislation-for-Crown-lands-in-Hong-Kong-1978 — Page 334

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(c) if there was on the day preceding

the making of the interim valuation

a rateable value as specified in

subsection (2)(a) or previous

interim valuation of a part of that

tenement or of a former tenement

of which that tenement formed part,

the rateable value of the lot or

section for the purposes of this

section shall be determined by

substituting the interim valuation

and all other interim valuations

made after the relevant day which

are related or incidental to the

interim valuation and are of

tenements comprised wholly or

partly in the lot or section, for

the rateable values or previous

interim valuations of the former

tenements which formed part of or

included the tenements to which the

interim valuations relate or are

incidental:

Provided that this subsection shall not

apply to any lot or section if its effect

would be to reduce the rateable value of that

lot or section to less than it would have been

had the interim valuation not been made.