Sessional_Paper_1904 — Page 618

No. 1904

37

HONGKONG.

REPORT ON THE ASSESSMENT FOR THE YEAR 1904-1905,

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

ASSESSOR'S OFFICE, HONGKONG, 18th July, 1904.

SIR, I have the honour to submit my Report on the Assessment for the year 1904-1905.

Theity of Victoria.

2. 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, $8,342,470, as compared with last year's (1903-1904) Assessment $7,427,100--an increase in Rateable Value of $915,370, equivalent to 12.32 per cent.

The Hill District.

3. The Rateable Value of the Hill District in now $230,205, against $199,910 last

year- —an increase of $30,295 or 15.15 per cent.

Aberdeen.

4. The Rateable Value of Aberdeen is now $29,605, against $26,687 last year -an increase of $2,918 or 10.93 per cent.

Hongkong Villages.

5. The Rateable Value of the Hongkong Villages has increased from $194,051 to $204,766--an addition of $10,715 or 5.52 per cent.

Kowloon Point.

6. The Rateable Value of Kowloon Point (Tsimshatsui) is now $370,650, against $308,175-an increase of $62,475 or 20.27 per cent.

Yaumati.

7. The Rateable Value of Yaumati amounts to $253,160, compared with $232,245 last year-an increase of $20,915 or 9.00 per cent.

Hung Hom.

8. The Rateable Value of Hung Hom is $199,710, against $164,550-an increase of $35,160 or 21.36

per cent.

Kowloon Villages.

9. The Rateable Value of the Kowloon Villages, ie., the remainder of old Kowloon, is now $259,955, as compared with $196,925 last year--an increase of $63,030 or 32.00 per cent.

The Whole Colony,

10. The Rateable Value of the whole Colony in now $9,890,521, as compared with last year's Assessment of $8,749,613—an increase of $1,140,878 or 13.03 per cent.

Interim Valuations.

11. During the period from 1st July, 1903, to 1st June, 1904, Interim Valuations have been made as follows:-

213 New and/or rebuilt tenements, rateable value,

In the City of Victoria.

40 Improved tenements, rateable value.....

Replacing Assessments amounting to,

$391,585

.$130,595 83,685

46,910

438,495

33,430

.$ 405,065

80 Assessments cancelled, tenements pulled down, or being

in other respects not rateable,.

Increase in City of Victoria,