TNAG-2344-FCO40-3410-Future-of-Hong-Kong-British-Consulate-General-1992 — Page 69

16-DEC-1991 15:37

BRITISH TRADE COMM

3

P.07

Tenement partly replaced

(vi)

where an

Rounding

up

Collection

of amount

in lieu

of rent

Tenement partly on lot

Payment on demand

Discharge

Correction etc. of rateable value

interio valuation is made of 2 tenement or tenements which replace part of a former tenement in respect of which the rateable value as last ascertained by the Commissioner was included in the rateable value of the lot in accordance with sub-clause (d)(v) hereof the rateable value of the part of the former tenement not replaced by the interim valuation shall be such portion of the rateable value of the former tenement, as last ascertained by the Commissioner, as the Director shall in his absolute discretion

consider appropriate to that part.

(e) There shall be added

to the yearly rent of the lot fixed in accordance with sub-clause (b) hereof such sum as may be necessary to make the total number of dollars a multiple of four.

2. (a) In lieu of the collection of the yearly rent by the Director under General Condition 1(b) hereof, there may, in addition to the rates to be collected quarterly by the Collector of Rates under the Rating Ordinance in respect of any tenement comprised wholly or partly within the lot, be demanded and collected by the Collector of Rates from the Grantee an amount equal to one fourth of 3% of the rateable value of any such tenement together with such sum as may be necessary to make the total number of dollars in any such demand an integer. For the purpose of this sub-clause the provisions of General Condition 1(d)(i) and (ii) hereof shall apply mutatis mutandis.

(b)

For the

in the within

of sub-clause (a) hereof, purpose

tenement is part of a

comprised

the

event that only lot the amount that may be demanded in respect of that part shall bear the same proportion to 3% of the rateable value of the tenement as, in the opinion of the Director whose decision thereon shall be final, the area of such part bears to the area of the whole of such tenement.

(c) Upon a demand being made by the Collector of Rates under sub-clause (a) hereof the Grantee shall pay the amount so demanded within the time specified in such demand.

(a) Payment under sub-clause (c) hereof of an additional demand under sub-clause (a) shall operate as an absolute discharge. for the Grantee from his liability to pay the rent in respect of the quarter for which such demand was wade.

3.

The reference in General Condition 1(a) hereof to the rateable value of a tenement as set out from time to time in the

under made

the Rating list declared or to an interim valuation Ordinance shall include in a case where such rateable value or