TNAG-2662-FCO40-3858-Future-of-Hong-Kong-British-Consulate-General-1992 — Page 136

M

an interim valuation

of

tenement

tenements Wholly replacing the demolished or unoccupied tenement is made under the Rating Ordinance, include the rateable value of such tenement

last ascertained Commissioner;

Tenement partly replaced

(vi)

where

Rounding

UP

fixed

be four.

by

of

the

an interim valuation is made tenement or tenements which replace part of a former tenement in respect Of rateable value S last ascertained

which

the

by the rateable in accordance with

the

the rateable value

Commissioner was

included in

value of the sub-clause (d) (v)

lot

Of

the part of

hereof the

former

replaced

by

the

such portion

of

the

rateable

former tenement,

Commissioner,

$*

tenement not

value of the

interim valuation shall be

as last ascertained by the the Director shall in his

absolute discretion

that part.

consider appropriate to

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

Collection

of amount in lieu

of rent

Tenement partly on lot

Payment

on demand

of

2. (a) Im 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

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

of dollars in any such demand an integer.

the purpose of this sub-clause the General Condition 1(d)(i) and (ii) hereof shall

provisions

of

the

For

total

apply mutatis mutandis.

(b)

For

the

number

purpose of sub-clause (a) hereof, in the event that only part of a tenement is comprised within the 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 39, in the opinion of the Director whose decision

shall

be

thereon

final, the area of such part bears to the area of the whole of such tenement.

(c) Upon

under

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