The Valuation of the City of London.

Thames Star, Volume XII, Issue 3802, 5 March 1881, Page 4

The Valuation of the City of London.

The result of the re-valuation of the metropolis, a work which has occupied the Various districts during the year hay.c been returned to Mr Jebb, the chief clerk of the Metropolitan Asylums Board, /who is authorised under the Act (the Metropolis Valuation Act 1869) to issue jtlie,-.return. This is the second quiutqaeneal valuation, and the metropolis a vastly increased value, owing not only to the increased building but to the rateable value of houses having been risen by the local authorities, whose action in regard' to separate tenancies, has been alldwed to pass unquestioned owing to the doit of appealing. When the list was 'first issued in 1871, the gross value "of the metropolis was £24,176,338; and 'the 5 rateable value £19,900,074. In 1876, when the first quiriquenial valuation was made, the gross value had risen to £28,096 812, and rateable : value to ,£231154,639, an increase on the gross of f £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 £25 785 556 and a rateable value of £23,697,405. These totals howevei', do not include the City "bf'London, whose rating authorities have not yet sent in their returns, nor Poplar, nbtf'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 184.23J706.' ■: The Middle Temple 5 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 three places. Hence, the returns will be: gross value, £33 176,203 ; and a rateable value of £27,833,751—au 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; St. Pancras, £1,828,828; Islington, £1,757,589; Marylebone, £1,657,874; St. George's (Hanover square) Union, £2,728,218; and Lambeth, £1,577,631.—Dai1y News.