Sessional_Paper_1903 — Page 436

No.

28

1903

HONGKONG.

REPORT ON THE ASSESSMENT FOR THE YEAR 1903-1904.

Laid before the Legislative Council by Command of His Excellency the Governor.

ASSESSOR'S OFFICE, HONGKONG, 27th July, 1903.

SIR,I have the honour to submit my Report on the Assessment for the year 1903-1904.

2. His Excellency the Governor in Council under section 8 (2) of the Rating Ordinance, No. 8 of 1901, ordered the existing Valuation for 1902-03 to be adopted as the Valuation for 1903-04. During the past year no general assessment has been made, the increase in Rateable Value being due entirely to the normal growth of the Colony.

3. The City of Victoria.-The Rateable Value has increased from $6,944,395 to $7,427,100, an addition of $482,705 or 6-95 per cent.

4. The Hill District.-The Rateable Value has increased from $193,990 to $199,910, an addition of $5,920 or 3:05 per cent.

5. Hongkong Villages.--The Rateable Value has increased from $220,453 to $220,738, an addition of $285 or 0.12 per cent.

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6. Kowloon Point.--The Rateable Value has increased from $289,945 to $308,175, an addition of $18,230 or 6:28 per cent.

7. Yaumati.-The Rateable Value has increased from $187,930 to $232,245, an addition of $44,315 or 23:58 per cent.

8. Mongkoktsui.-The Rateable Value has increased from $55,410 to $66,565, an addition of $11,155 or 20-13 per cent.

9. Hunghom.-The Rateable Value has increased from $150,485 to $164,550, an addition of $14,065 or 9.34 per cent.

10. Kowloon Villages.--The Rateable Value has increased from $124,005 to $130,360, an addition of $6,355 or 5·12 per cent.

11. The Whole Colony.-The Rateable Value has increased from $8,166,613 to $8,749,643, an addition of $583,030 or 7·13 per cent.

12. Interim Valuations. From 1st July, 1902, to 1st June, 1903. Interim Valuations have been made as follows:-

IN THE CITY OF VICTORIA.

507 new and/or rebuilt tenements, rateable value,......$582,230

36 tenements, rateable value,.

$95,305

Replacing Assessments, amounting to,. 79,885

15,420

597,650

144 Assessments cancelled, tenements pulled down, or

being in other respects not rateable,

Increase in City of Victoria,

IN THE REST OF THE COLONY.

94,455

$503,195

401 new and/or rebuilt tenements, rateable value,. 24 tenements, rateable value,.... $26,370 Replacing Assessments, amounting to,. 14,340

$154,325

12,030

166,355

66 Assessments cancelled, tenements pulled down, or

being in other respects not rateable,

27,295

Increase in the Rest of the Colony,

$139,060