Sessional_Paper_1902 — Page 872

773

39 No. 1902

HONGKONG.

REPORT ON THE ASSESSMENT, FOR THE YEAR 1902-1903.

Laid before the Legislative Council by Command of His Excellency the Officer Administering the Government.

ASSESSOR'S OFFICE, HONGKONG, 22nd July, 1902.

SIR, I have the honour to submit my Report on the Assessment for the year 1902-1903.

2. The City of Victoria.-The result of the new Valuation is that the Rateable Value of the City of Victoria is, in the list which came into force on the 1st instant, $6,945,115 as compared with last year's (1901-1902) Assessment, $5,969,765—an increase in Rateable Value of $975,350, equivalent to 16.34 per cent.

3. The Hill District.-The Rateable Value of the Hill District is now $193,990 against $164,490 last year—an increase of $29,500 or 17.93 per cent.

4. Hongkong Villages.-The Rateable Value of the Hongkong Villages has been raised from $199,281 to $220,453—an increase of $21,172 or 10.62 per cent.

5. Kowloon Point. The Rateable Value of the Kowloon Point or Tsim Tsa Tsui District has increased from $178,067 to $289,945-a difference of $111,878 equal to 62.83 per cent.

6. Kowloon Villages.-The Rateable Value of the Villages comprising the remainder of British Kowloon is now $517,830 as compared with $378,149 last year-an increase of $139,681 or 36.94 per cent.

7. The Whole Colony.-The Rateable Value of the whole Colony is now $8,167,333 as compared with last year's Assessment of $6,889,752—an increase of $1,277,581 or 18.54 per cent.

8. Interim Valuations. During the period from 1st July, 1901, to 1st June, 1902, Interim Valuations have been made as follows :-

In the City of Victoria.

438 new and/or rebuilt tenements, rateable value,

173 improved tenements, rateable value,.

Replacing Assessments, amounting to

...$583,540

.$190,755

117,200

73,555

657,095

156,335

.$500,760

189 Assessments cancelled, tenements pulled down, or being in other respects not

rateable,..

Increase in City of Victoria,

In the Rest of the Colony.

431 new and/or rebuilt tenements, rateable value,

..$208,758

5 improved tenements, rateable value,

Replacing Assessments, amounting to

..$890

300

590

209,348

104 Assessments cancelled, tenements pulled down, or being in other respects not

rateable,.

Increase in the Rest of the Colony,....

27,661

.$181,687

The total number of tenements affected by Interim Valuations being 1,340.

50-5,8.02.