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10. The result of the valuation for the new year has, I venture to conclude, proved satisfactory when taking into consideration that an extensive building area (Taipingshan) representing 417 tenements has been exempted.

The gain in rateable value of the Colony has been $6,378 for the ensuing year or 0:17 per cent. 11. There has been no change in the staff. Mr. CHAN PUI and Mr. IP YUK Pui have continued to discharge their duties satisfactorily.

I have the honour to be,

The Honourable A. M. THOMSON,

Acting Colonial Treasurer.

Sir,

Your most obedient Servant,

Chas. C. Malsch, Acting Assessor.

THE COLONY OF HONGKONG.

LOCALITY.

VALUATION 1894-95.

VALUATION 1895-96.

INCREASE.

DECREASE.

$

$

The City of Victoria,

3,179,999

3,160,874

19,125

Hongkong Villages and Hill District,

216,987

238,364

21,377

Kowloon Peninsula,

291,303

295,434

4,126

3,688,294

3,694,672

25,503

19,125

Deduct Decrease,................

Total Increase,.

19,125

6,378

0.17 per cent.