Government Leases Ordinance

(7)
Where on the relevant day no rates are payable under the Rating Ordinance (
Cap. 116
) in relation to a tenement, otherwise than by
                reason of any exemption under
section 36
of that Ordinance, the rateable
                value for the purposes of this section, of the lot or section comprising such
                tenement shall
be—
(Amended
56 of 1978 s. 2
)
(a)
the rateable value of the tenement of which the land comprised in such lot
                    or section formed part as last ascertained by the Commissioner for rating
                    purposes; or
(b)
the aggregate of the rateable values
of—
(i)
such tenements; or
(ii)
the tenements which included any interest in such land;
                        or
(iii)
both the tenements referred to in
                        subparagraph
                        (i) and those referred to in
                        subparagraph
                        (ii),
as last ascertained by the Commissioner for rating purposes.