TNAG-2958-FCO40-4237-Future-of-Hong-Kong-British-Consulate-General-Colvin-House--1993 — Page 45

Tenement partly replaced

Rounding

up

1

3

an

interim valuation

or

of

tenement a tenements wholly replacing the demolished or unoccupied tenement is made under the Rating

Ordinance,

tenement

include the rateable value of such as last ascertained

Commissioner;

by

the

(vi) where

an

interim valuation

is made

of a

(e)

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) of the part of replaced by the such portion of former tenement, Commissioner, as the

hereof the rateable value the former tenement not interim valuation shall be the rateable value of the as last ascertained by the Director shall in his

absolute discretion consider appropriate to that part.

the lot There shall be added to the yearly rent of 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.

Collection of amount in lieu

of rent

Tenement partly on lot

Payment on demand

2.

of

in

the

(a) In lieu of the collection of the yearly rent by the Director under

may, Condition 1(b) hereof, there General addition to the rates to be collected quarterly by 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

to one fourth of 3% of the rateable equal value of any such tenement together with such sum as may be

number the total

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.

necessary

(b)

to

make

For the

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

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

proportion

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

under sub-clause

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