Sessional_Paper_1905 — Page 747

30

No. 1908

HONGKONG.

REPORT ON THE ASSESSMENT FOR THE YEAR 1905-1906.

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

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ASSESSOR'S OFFICE, HONGKONG, 11th July, 1905.

SIK, I have the honour to submit my Report on the Assessment for the year 1905-1906.

2. By order of His Excellency The Governor in Council a new Valuation has been made of :-

The City of Victoria. The Hill District.

Kowloon Point.

Yaumati.

Hung Hom. Mongkoktsui. Shaukiwan. Tai Hang.

The existing valuation of all other places being adopted for the ensuing year.

The City of Victoria.

The result of the new Valuation is that the Rateable Value of the City of Victoria shews an increase of $489,345 or 5.86 per cent., having risen from $8,342,470 to $8,831,815.

The Hill District.

4. The Rateable Value of the Hill District is now $248,265 as compared with $230,205 last year, an increase of $18,060 or 7.84 per cent.

Kowloon Point.

5. The Rateable Value of Kowloon Point has increased from $370,650 to $415,035, an addition of $44,385, equivalent to 11.97 per cent.

Yauman.

6. The re-valuation of Yaumati has resulted in a small decrease of 1.06 per cent. The Rateable Value being $250,470, against $253,160, a difference of $2,690.

Hung Hom.

7. There is a small increase in the Rateable Value of Hung Hom of $535 or 0.26 per cent. The new Assessment being $200,245, as compared with $199,710 last year.

Mongkoktsui.

8. The Rateable Value of Mongkoktsui is now $133,060, against $123,510 last year, an increase of $9,550 or 7.73 per cent.

Shaukiwan

9. The Rateable Value of Shaukiwan amounts to $49,122, as compared with $35,769 last year, an addition of $13,353 or 37.33 per cent.

Tai Hang.

10. The Rateable Value of Tai Hang has been increased from $7,485 to $12,275, a difference of $4,790 or 63.99 per cent.

Hongkong Villages.

11. The Rateable Value of the Hongkong Villages, i.e., all places on the Island not separately mentioned above is now $189,927, against $191,117 last year, a decrease of $1,190 or 0.62 per cent.