THE RE-VALUATION OF LONDON.

Globe, Volume XXIII, Issue 2164, 1 February 1881, Page 2

THE RE-VALUATION OF LONDON.

I" Daily Now*.”] The results of the re valuation of the metropolis, a work which has occupied the various districts during the year, have been returned to MrJebb, the chief clerk of the Metropolitan Asylums Board, who is authorised under the Aot (the Metropolis Valuation Act, 1869) to issue the return. This is the second quinquennial valuation, and the metropolis shows a vastly increased value, owing, not only to the increased buildings, but to _ the rateable value of houseshaving been risen by the local authorities, whose action, in regard to separate tenancies, has been allowed to pass unquestioned owing to the cost of appealing. When the list was first issued in 1871, the gross value of the metropolis was £24,176,338; and the rateable value £19.900,072. In 1876, when the first quinquennial valuation was made, the gross value had risen to to £28,096,812, hnd rateable value to £23,154,689, an increase on the gross of £3,920,474 and of £3,254.567 on the rateable value in the five years. The returns now given in show a gross value of £25,785,656, and a rateable value of £23,697,405. These totals, however, do not include the City of London, whoso rating authorities have not yet sent in their returns, nor Poplar, nor the Middle Temple. The gross value of the City of London is estimated at £3.953,707, and the rateable value at £3,313,522. The rateable value of Poplar is estimated at £311,895, on the gross of £423,796. The Middle Temple is estimated as likely to give in its returns £10,929, of rateable value on a gross of £13,144, a total increase of £500,000 on the three places. Hence, the returns will be c gross value, £33,176,203 p. and a rateable value of £27,833,751 —an increase in the second quinquennial period of £5,079.391 gross and £4 679 112 rateable, and a total increase in the ten years of £8,999,865 and £7,933,679. The largest assessments of gross value next to the City are—Kensington, £1,969,501 ; Bt. Pancras. £1,828 828 ; Islington, £1,757.589 ; Marylebone, £1,659,874 ; 86. George’s (Hanover square) Union, £2,728,318; and Lambeth, £1,577,631.