the-ordinances-of-the-legislative-counci-1890v2 — Page 450

1040 [ 15 OF 1888. ] RATING .


them , unless such meanings be repugnant to or inconsistent
with the context.

1. Annual Valuation.— A general valuation of the rateable
tenements in the whole Colony, or any part thereof,
to be made yearly under this ordinance.
2. Interim Valuation. -A valuation , made at any time, of
any tenement which may have been improved or in
creased in value or substantially altered since the last
annual valuation , or which, being rateable, is not
already rated .
3. List.— The annual valuation list provided for by this
ordinance.

4. Owner . — The holder of any tenement direct from the
Crown, whether under lease, licence, or otherwise ; or
the immediate landlord of any tenement, or the agent
of any such holder or landlord who is absent or under
disability.
5. Rateable Value.The rent at which any tenement might
reasonably be expected to let, at the time of the valua
tion, from year to year, if the tenant undertook to pay
all usual tenants' rates and taxes, and if the landlord
undertook to pay the Crown rent and the costs of
repairs and insurance, with any other expenses neces
sary to maintain the tenement in a state to command
that rent. Such rateable value shall not include the
value of any machinery upon or in the tenement. In
the case of buildings let to more than one occupier,
there may be deducted from the total annual rent of
the whole tenement, estimated as aforesaid , a sum pot
exceeding 20 per cent of the whole as an allowance
for such portions of such buildings as may reasonably
be expected to be unlet from time to time during the
ensuing year, and the remainder shall be the rateable
value.

6. Tenement. - Any land with or without buildings, which
is held or occupied as a distinct or separate holding
or tenancy, or any wharf or pier in the waters of the
Colony.
7. Unoccupied.- A tenement shall be considered unoc
cupied when it is put to no beneficial use , and , in the
case of aa building, when it is neither used for storage
of any goods or chattels nor for habitation, except by
a caretaker.