Year		Event
1841	20 January	Capt. Charles Elliott prematurely announced the terms of the settlement under which Hong Kong Island was to be ceded (Population: 4,000).
	26 January	Hong Kong Island was occupied by a naval force which landed at Possession Point and British sovereignty proclaimed.
	21 April	Lord Palmerston remarked about Hong Kong :"A barren island with hardly a house upon it."
1842	29 August	Treaty of Nanking provided for the cession of Hong Kong Island.
1843	26 June	Ratification of the Treaty of Nanking and Hong Kong Island was declared a British Colony with Sir Henry Pottinger as its first Governor. Previously, control was exercised by the Foreign Office in London.
1844		Executive and Legislative Councils began to function.
	May	Police Force Ordinance (No. 12) was passed establishing legal basis for the police force.
1845		Murray House (1 Garden Road) was completed (?)
	May	The Rating Ordinance was passed to finance police force. Hence the Chinese name for rates "Chai Heung" (差 餉 ) which has survived to the present day.
1845	May	Assessments were made by the Valuator under Ordinance No. 2 of 1845 (the term was changed to "Assessor" in 1847) attached to the Colonial Treasurer. Population 23,817.
1847		Police Rate raised ￡ 2,239.
		Foundation Stone of Anglican Church was laid.
1849		St. John's became a cathedral church.
1851	December	Fire destroyed 458 houses in the Chinese part of Victoria.
1852		Bonham Strand became the first piece of reclaimed land and was partly filled by the rubble of the houses burnt down in 1851.
1856		Lighting Rate was introduced.
1858		Police Rate (including Lighting Rate) brought in ￡ 13,281 4s. 4d.
		Legislative Council began to vote the annual budget.
1859		Inspector of Nuisances was appointed and marked the beginning of the Sanitary Department.
		Chartered Bank opened a Hong Kong Branch.
1860	26 March	Kowloon was leased in perpetuity at an annual payment of 500 taels of silver.
	October	By the Convention of Peking the lease of Kowloon was cancelled and it was ceded outright as a dependency of the Colony of Hong Kong.
		Water Rate was introduced (to take effect when water works construction was finished).
1861	29 May	General Chamber of Commerce was founded.
1862		Victoria Gaol was completed.
	8 December	Hong Kong postage stamps were issued.
1864		Pokfulam Reservoir scheme was completed.
1865	1 January	Hong Kong and Shanghai Bank was opened.
		Street lighting was provided by gas.
1866		The first telegraph contact was introduced.
	7 May	Hong Kong mint was officially opened (later closed in April 1868).
1868	March	Fire Brigade was established.
1869		City Hall was opened (situated where Hongkong & Shanghai Banking Corporation and the old Bank of China buildings now stand).
		Suez Canal was opened.
1872	14 February	Tung Wah Hospital was opened.
1875	16 April	Cape D'Aguilar light was first shown.
		Fire Brigade Rate was introduced.
1880	January	NG Choy became the first Chinese member of the Legislative Council.
		Po Leung Kuk was officially recognised.
1881		18 properties were rated at over $1,000 per quarter of which one was the premises of Jardine Matheson & Company and the other 17 belonged to Chinese.
1882		Chadwick Report on Sanitation led to the formation of the Sanitary Board which in turn became the Urban Council.
1884		Sino-French War (1884-1885).
		Rates levied : $263,988.
1887		Chinese Chamber of Commerce was set up.
		Hong Kong College of Medicine for Chinese was established.
1888		The European Reservation Ordinance created a European reservation in the Caine Road District but it was the type of housing rather than any racial separation which was involved and this might well have given rise to the term "European type house".
		The Upper Level Tramway (now the Peak Tram) was opened.
		Numbering of buildings became the responsibility of the Assessor.
		Rating Ordinance was passed combining the separate rates into one although the charges varied according to the different level of services in different districts.
1890		55% of China's imports and 37% of her exports passed through Hong Kong.
		Stonecutter's Island became a military reserved area.
		The Central Reclamation Scheme was started and placed the old praya wall inland. This became Des Voeux Road (completed in 1894).
1891		Kowloon's population : 14,200.
1894		Plague affected Hong Kong.
		Sino-Japanese War began (1894-1895).
1895		Treaty of Shimonoseki ended Sino-Japanese War.
1898	1 July	The New Territories was leased for 99 years.
		Rates levied : $466,619.
1899		An Ordinance was passed to preserve Sung Wong Toi because of its special association with the flight of the last Sung emperor.
	14 March	Boundaries of the New Territories were settled.
		Green Island Cement Works was started.
1900		Boxer rebellion.
	March	New Territories Land Court was set up to deal with disputed claims.
1901		Rating Ordinance was passed and remained in force with amendments until 1973.
1904		Kennedy Town to Shau Kei Wan tramway was opened.
1910		Kowloon-Canton Railway (British Section) was completed.
1911		Republic of China was established.
1912		Canton-Kowloon Railway (Chinese Section) was completed.
		Hong Kong University was opened.
1914	4 August	The "Great War" (First World War).
1918	11 November	Armistice ending the First World War took effect.
1920		Kowloon Ratepayers Association was formed.
1921	May	The Stamp Ordinance was enacted. Duty on transfer of real property was charged at 1% of consideration.
1925		General strike and boycott in Hong Kong (1925-26).
		Street lighting was provided in Aberdeen and Ap Lei Chau.
1926		Kowloon Hospital was opened.
1928	10 October	Nationalist Government of the Republic of China was established.
		Kai Tak airfield was opened.
1931		Legislative Council resolution introduced a uniform rate of 17% but 16% was charged if an unfiltered water supply or 15% if no government water supply.
1935		Hong Kong managed currency was linked with Sterling.
	10 October	Hongkong & Shanghai Banking Corporation headquarters at 1 Queen's Road Central was opened.
		Special form of rating was introduced to the New Territories towns of Tai Po and Yuen Long.
1937	1 June	Queen Mary Hospital was opened.
	7 July	"Double Seventh" incident in China led to hostilities between Japan and China.
		Special rating system was extended to Tsuen Wan.
1938	1 January	Financial reorganisation. Financial Secretary was appointed to assume control of the financial administration thereby replacing the Colonial Treasurer.
		Out of this reorganisation, the Assessor's Department was created as a separate department of Government but provision for it continued to appear in the estimates under "Treasury" until 1 April 1949.
	October	Canton was occupied by the Japanese.
1939	1 April	Revaluation of properties gave a total rateable value of $44.2 million.
	3 September	Second World War commenced in Europe.
		Assessment Department was moved from the old G.P.O. Building to Marina House, Ground Floor.
1940		Fall of France.
		Japan moved into French Indo-China.
		The Rating Year changed from 1 July - 30 June to 1 April - 31 March to coincide with the new Financial Year which was also changed at the same time.
	July	European women and children were evacuated from Hong Kong; mostly to Australia.
	2 November	Assessment Department was moved from Marina House to Pedder Building, 5th Floor, to make room for the new Immigration Department.
1941	8 December	Pearl Harbour (7th) and Hong Kong were attacked within a few hours of each other (different dates because of the International Date line).
	25 December	Hong Kong surrendered to the Japanese beginning the "Occupation Period".
1942	25 October	First American air raid on Hong Kong from China - based planes.
1945	6 & 9 August	Atomic bombs were dropped on Japan.
	15 August	V.J. Day.
	30 August	"Liberation Day" when the British Pacific Fleet under Rear- Admiral Cecil Harcourt entered Hong Kong.
	7 September	British Military Administration was set up.
		Rating Office of the British Military Administration was located in the old Prince's Building.
		Moratorium on pre-war and occupation period debts.
	October	Tenancy Tribunal was set up to decide on rental disputes.
1946	1 May	Civil Administration was resumed.
	August	Assessment Department was re-established in Windsor House.
	October	The Stamp (Amendment) Ordinance levied an additional 10% of the enhanced value of land and buildings since the last transaction or January 1938. Tasks of valuation and scrutiny of transactions for Stamp Duty were transferred to the Assessment Department.
1947	1 April	The first post-war revaluation of the Colony's urban areas produced a total rateable value of $52 million (from 28,807 assessments).
	2 May	The Inland Revenue Ordinance provided for a property tax and salaries tax.
	23 May	The Landlord and Tenant Ordinance allowed certain increases in rent, over pre-war standard rents.
	31 July (G.N. 603/47)	Assessment Department became the Rating and Valuation Department under a Commissioner of Rating and Valuation.
1948		Abercrombie Report on the future development of Hong Kong was published.
	1 April	A new Valuation List came into force with a total number of assessments of 30,472 and a total rateable value of $79.2 million, an increase of 52% over the 1947 figure. The net revenue from rates for the year 1947-48 was $9.98 million.
	10 September	The Stamp Duty Ordinance was amended to replace the 10% rate on enhancement by a 3% excess duty on "new conveyances" and increased the ad valorem duty from 1% to 2%.
1949	1 April	New Valuation List came into effect with a total number of assessments of 32,689 and a total rateable value of $95.7 million.
	1 October	People's Republic of China was established in Peking.
		Identity Cards were introduced.
	1 October	Reinforcement of the garrison in Hong Kong resulted in the development of road communications in the New Territories such as Route Twisk, Route Two etc.
	20 October	The Landlord and Tenant (Amendment) Ordinance allowed increase in rent for controlled business premises from 45% of the standard rent to 100%.
1950	1 January	Piers became rateable.
	1 April	New Valuation List came into force with a total number of assessments of 35,751 and a total rateable value of $136.5 million.
	25 June	Korean War began. This resulted in sanctions on trade with China and caused the change from Hong Kong's reliance on entrepot trade to manufacturing.
		Amendments to the Rating Ordinance (No.6 of 1901 - by Ordinance No.9 of 1950) provided for exemption from rates for certain charitable and welfare institutions; and a surcharge of 5% for rates in default.
1951		New Government Central Office Building commenced.
1952	February	McNeill Committee on Rent Control was established. Commissioner of Rating and Valuation was appointed as Member and Secretary.
	1 April	New Valuation List came into force with a total number of assessments of 39,377 and a total rateable value of $182.8 million.
		Elections to the Urban Council were resumed.
		Model Housing Society's first blocks were completed at King's Road.
1953		Work commenced on Tai Lam Chung Reservoir.
	1 May	Rating and Valuation Department moved from old Windsor House to old G.P.O. Building.
	17 July	The Landlord and Tenant (Amendment) Ordinance made provision for certificates of standard rent to be issued by Rating and Valuation Department. Tenancy Inquiry Bureaux of the Secretariat of Home Affairs came into operation.
	27 July	Armistice ended the Korean War.
	25 December	Disastrous squatter fire at Shek Kip Mei rendered 50,000 homeless and brought about what was to develop into a massive resettlement programme.
1954		The old Secretariat Building (built 1847) was demolished.
	August	Ordinance 30 of 1954 brought rating in the New Territories in line with urban practice, and removed many of the old exemptions such as schools, hospitals etc. but implementation was delayed until 1956.
	October	The post of Inspector of Tenements was changed to the training grade of Valuation Assistant of which seven were employed.
	5 October	The Rating (Parts of the Colony) Regulations brought in Part D (Tsuen Wan, Kwai Chung and Castle Peak Road) to rating but the valuation lists did not come into force until 1956.
1955		Work was started on modernising Kai Tak Airport and a new runway to be constructed projecting into Kowloon Bay.
		Housing Authority was set up.
		The Buildings Ordinance was substantially revised.
	1 April	Assistant Commissioner post was created from the Senior Rating and Valuation Surveyor post.
		A new Valuation List came into force with a total number of assessments of 56,015 and a total rateable value of $256.7 million.
		The special rating system in Yuen Long, Tai Po and Tsuen Wan was abolished.
		The Landlord and Tenant Ordinance clarified the position with regard to Tenancy Tribunal awards of compensation for exclusion orders.
1956	1 April	The Valuation List in respect of Part D came into force and rates were levied at 11% on a total rateable value of $7.9 million.
		First Valuation Assistant (Mr Tsang Hoy-lun) passed professional (the Royal Institution of Chartered Surveyors) examination.
	1 June	The authority for the department to allocate building numbers in the urban areas transferred from the Rating Ordinance to the new Buildings Ordinance which took effect on 1 June 1956. In the New Territories, it remained the responsibility of the District Offices until 1990.
	October	Severe rioting broke out in Kowloon and Tsuen Wan.
1957	1 April	A new Valuation List came into force with a total of 69,840 tenements and a total rateable value of $335.7 million.
	1 April	Net revenue from rates for 1956-57 amounted to $56.7 million.
		Housing Authority's North Point Estate was completed.
	June	The Department moved to the 8th and 9th floors of Man Yee Building, 64 Des Voeux Road Central, which had the first escalator to be incorporated in a down-town city office block.
	22 October	The first Resettlement Factory block was completed in Cheung Sha Wan as a pilot project for those who urgently required permanent space but could not afford to build or rent on a commercial basis.
1958	1 April	A new Valuation List came into effect with a total number of assessments of 79,270 and a total rateable value of $382.8 million.
	September	First Valuation Assistant (Mr Tsang Hoy-lun) left on an overseas study course and was attached to London County Council.
		Kwun Tong and Cheung Sha Wan reclamation schemes were completed.
		The first "flatted" factory was built.
1959	March	Queen Elizabeth Hospital foundation stone was laid.
1960	1 April	A new Valuation List came into effect with a total number of assessments of 104,690 and a total rateable value of $506.3 million.
	9 June	Typhoon Mary.
	1 September	The scheme for renumbering properties on the Peak was brought into operation.
		First local Valuation Assistant (Mr Tsang Hoy-lun) was qualified as a Chartered Surveyor.
		Rating and Valuation Department took over the former responsibilities of the Quartering Authority for negotiating and leasing premises for Government purposes.
1961	1 April	A new Valuation List came into effect for Kowloon and New Kowloon whilst the existing figures for Hong Kong Island and the New Territories were readopted. The total rateable value for all areas was $593.7 million from 119,382 assessments.
		Net annual revenue from rates for the first time exceeded $100 million.
		The first population census for 30 years, apart from a "count" made by the Air Raid Precautions Corps in 1941, took place.
1962	January	First locally recruited Valuation Assistant (Mr Tsang Hoy-lun) was promoted to Rating and Valuation Surveyor.
	March	The new City Hall was opened.
	1 April	A new Valuation List covering Hong Kong Island and the New Territories came into effect whilst the valuation lists for Kowloon and New Kowloon were readopted at the existing figures. The total rateable value was $690.7 million and the total number of assessments 132,126.
		Differential charges were introduced for property tax, with special concessions for pre-war properties, and exemption for residential owner-occupiers.
	14 April	The Tenancy (Notice of Termination) Ordinance imposed a measure of security for certain classes of tenancy by requiring the landlord to give 6 months' notice of termination.
		Housing Authority was empowered to manage Government built low-cost housing blocks.
		Year of the "rental spiral".
	1 September	Typhoon Wanda.
	26 September	Rental Study was published.
1963	29 March	The Rent Increase (Domestic Premises) Control Ordinance restricted the increase in rent on postwar domestic tenancies for two years, and generally restricted increase in rentals to 10%. Rent Increases Advisory Panel was established.
	April	Rating and Valuation Department moved to Murray House, 1 Garden Road.
		Severe drought led to water tankers having to bring in water from the Pearl River.
		Revenue from rates for 1962-63 was $128.5 million.
		Under an amendment of the Tenancy (Prolonged Duration) Ordinance a landlord receiving a construction fee for the granting of a tenancy could not serve a valid notice to quit for five years from the commencement of the tenancy.
		Island Road was renumbered following renaming of sections.
	October	Chinese University of Hong Kong was established at an inaugural congregation held at the City Hall.
1964		Revenue from rates for 1963-64 was $144 million.
		A year of many typhoons.
		Tenancy Inquiry Bureaux were made responsible for payment of compensation to tenants required to vacate dangerous buildings.
		Domestic vacancies increased to 8,055 from 3,483 a year earlier.
	September	New Buildings Ordinance was promulgated, introducing "plot ratio" concept.
1965	January &February	Two banks failed. A short term restriction on cash withdrawals was imposed.
	1 April	New Valuation List came into force for 138,480 tenements with a total rateable value of $1,045 million.
	June	The Rent Increases (Domestic Premises) Control Ordinance was extended for a further year.
	December	Announcement was made for the Rent Increases (Domestic Premises) Control Ordinance not to be further extended after June 1966.
1966	March	Ocean Terminal was opened.
		Ratepayers enfranchised as Urban Council voters.
		Revenue from rates for 1965-66 was $224 million.
	April	Riots broke out in Kowloon following protest demonstrations against proposed "Star Ferry" fare increases.
	June	Severe flooding was experienced on Hong Kong Island and many landslips.
1967	1 April	New Valuation List came into force; comprising 200,917 tenements with a total rateable value of $1,409 million.
	May	Riots began and lasted in varying degrees throughout the year.
	November	Lion Rock Tunnel was opened.
		The Department took over the Ground Floor of No. lA, Garden Road.
1968		Plover Cove Reservoir became operational.
		Wah Fu Estate was built.
		City District Officer Scheme was introduced.
	March	The Department further expanded its offices to the 7th Floor of D'Aguilar Place.
		Amendment to the Landlord and Tenant Ordinance enabled a landlord to compensate a tenant for vacating premises.
1969	February	The Stamp (Amendment) Ordinance abolished the 3% excess duty on "new conveyances".
	1 April	New Valuation List came into force with 260,558 assessments and a total rateable value of $1,683 million.
1970	30 January	The Security of Tenure (Domestic Premises) Ordinance froze rents of domestic premises.
		Amount of revenue collected from rates for 1969-70 was $316.2 million.
		The 500th resettlement block was opened.
	April	Valuation Referencer grade was established.
		Principal Rating and Valuation Surveyor rank was established.
	June	The Rent Increases (Domestic Premises) Control Ordinance provided security of tenure and controlled rent increase in tenancies of most classes of post-war domestic accommodation.
1971	March	General Census was conducted.
	April	Accommodation at lA Garden Road and D'Aguilar Place were surrendered by the Department in exchange for accommodation in New Rodney Block, Queensway.
	July	Hong Kong Technical College became a Polytechnic.
	August	Typhoon Rose.
1972	January	The Queen Elizabeth (Seawise University) caught fire and sank.
		Senior Valuation Referencer rank was created.
	June	Landslips occurred at Sau Mau Ping and Po Shan Road.
	August	Cross-Harbour Tunnel was opened.
		Hong Kong Polytechnic officially took over the campus of the former Hong Kong Technical College which formed the basis of the Polytechnic's initial development.
	September	Stock market boom began.
		The first berth at the Kwai Chung Container Terminal came into operation.
		New Chinese University campus was occupied by the founding Colleges.
1973	9 March	Hang Seng Index rose to 1,774.97 - the peak.
	April	Crash of the stock market.
		Housing Authority was reformed with the responsibility for planning, building and managing all public housing estates in Hong Kong. It consolidated functions previously divided between the former Housing Authority, the Urban Council, the Housing Board, the Resettlement Department and the Public Works Department.
	1 April	New Valuation List came into force with 312,989 assessments with a total rateable value of $3,343.9 million.
		Rating Ordinance 1973 took effect :- reduction in percentage rate charge from 17% to 15%;- refund of only half rates for unoccupied premises;- receipt of part of rates revenue by the Urban Council;- introduction of "tone of the list" provisions.
	May	The post of Deputy Commissioner was re-established.
	June	The Landlord and Tenant (Consolidation) Ordinance consolidated all the previous legislation on rent control and security of tenure. Part I and Part II covered pre-war and post-war premises respectively.
	July	The Crown Leases Ordinance determined the Crown Rent of certain renewable leases at 3% of the rateable value.
	October	Connaught Centre (later re-named Jardine House) was substantially completed, the then tallest building in Hong Kong with 54 floors.
	December	Area E - Tsing Yi Island - was specified for rating.
		Extensive revisions were made to Part II of the Landlord and Tenant (Consolidation) Ordinance.
		Rent Control Division was created.
1974	1 January	Refund of rates for vacant domestic premises ceased.
		I.C.A.C. was established.
	1 April	Valuation List for Tsing Yi and Nga Ying Chau came into effect, having 74 assessments and a total rateable value of $20.4 million levied at 11%.
		The Tenancy Inquiry Bureau was transferred from Home Affairs Department to Rating and Valuation Department.
		Rates charge for Area D (Tsuen Wan, Kwai Chung and Castle Peak Road) was increased from 11% to 15%.
	June	Part of the Department was moved from New Rodney Block to the 17th and 18th Floors of New Mercury House.
	December	Lands Tribunal was set up.
1975	1 April	Rate percentage increased from 15% to 17% for Areas A to D (i.e. Hong Kong, Kowloon, New Kowloon and Tsuen Wan, Kwai Chung and Castle Peak Road).
	May	Visit by H.M. The Queen.
		Hong Kong gave temporary asylum to 4,000 Vietnamese following their flight from Vietnam.
	June	Seven new rating areas in the New Territories, viz.: F, G, H, J, K, L and M (i.e. Yuen Long, Tai Po, Fanling, Sheung Shui, Tuen Mun, Sha Tin and Clear Water Bay Road) were specified for rating.
	September	Responsibility for Estate Duty valuations in Hong Kong, Kowloon and New Kowloon was transferred from Crown Lands and Survey Office to Rating and Valuation Department.
	December	Amendment to the Rating Ordinance exempted agricultural dwellings and village houses in the New Territories from rating.
		Provision was made for the passing-on by landlords of any increase in rates for pre-war premises let on inclusive rentals.
		Work was started on the Mass Transit Railway.
1976	1 April	The Valuation Lists for Areas F to M in the New Territories came into force and rates were levied at 50% of the New Territories rate (i.e. 9%) as a phasing-in measure.
		Rates percentage increased from 17% to 18% for Areas A to D.
	April	A separate property tax roll was introduced with property tax based on assessable value rather than rateable value.
1977	January	Ocean Park was opened.
	1 April	New Valuation Lists for Areas A to M came into effect plus the new List for areas in Phase IV of the further extension of rating in the New Territories. This included Area N (Sai Kung) and other small additional areas.
		The total number of assessments was 450,873 with a total rateable value of $9,159.1 million.
		46,062 proposals were registered against the revised figures.
		Rates relief scheme was introduced to mitigate effect of revaluation. This limited increases for 2 years for all properties to 33.33% each year. It continued until 1983 for prewar rent controlled premises.
		General rates reduced from 12% to 71/2% and Urban Council rates from 6% to 4%. Total Urban Area rates 111/2%, rates in New Territories 11%.
	September	The first rating appeals were heard by the Lands Tribunal.
	December	Housing Authority let the first building contract commencing Phase I of the Home Ownership Scheme.
1978	March	Rating was further extended into the developed and developing areas of the New Territories. Work was started on the assessment of properties in certain outlying islands including Cheung Chau, Peng Chau, Lantau and Ma Wan, and Lamma Island (Areas P, Q, R and S).
	April	Rent Officer Scheme was introduced to assist the public in landlord and tenant matters.
	October	Total rateable value for all areas exceeded $10,000 million for the first time.
		The first race was held at the Royal Hong Kong Jockey Club race course at Shatin.
	November	$1,350 million High Island Reservoir - Hong Kong's largest - was officially opened by the Governor, Sir Murray MacLehose.
1979	February	The New Kowloon and New Territories Divisions were moved to Tai Sang Commercial Building in Wanchai.
	March	18 hectares of land at Victoria Barracks were handed over to Hong Kong Government.
	April	Rating and Valuation Department metricated.
		A direct through passenger train service between Kowloon and Canton was re-introduced, after a gap of 30 years.
	October	The first section of MTR, from Kwun Tong to Shek Kip Mei, became operational.
		7,000 were made homeless in Lei Yue Mun squatter fire.
	December	Queen Elizabeth Stadium was completed.
		The second section of MTR, from Shek Kip Mei to Tsim Sha Tsui, was opened to the public.
		55,705 Vietnamese refugees had arrived in Hong Kong to await resettlement.
1980	February	The Landlord and Tenant (Consolidation) Ordinance Part II extended to provide security to tenancies of virtually all domestic premises. Committee of Review was appointed to examine its provisions before its expiry in December 1981.
		The Financial Secretary announced the abandonment of the 1981-82 rating revaluation for which work had already commenced.
		The third section of MTR, from Tsim Sha Tsui to Central, was opened to the public. Modified initial system was completed.
	1 April	The main islands of the New Territories (Areas P, Q, R and S) were brought into the rating net.
	October	Hong Kong Space Museum was opened.
		Government ended 'touch base' policy for illegal immigrants.
	October	Hopewell Centre was substantially completed - 65 floors (including basement) - reputed to be the tallest building in Hong Kong, just 1m taller than Connaught Centre (now named Jardine House).
	December	Gammon House, sold for $998 million 9 months previously, was re-sold for $1,680 million. Speculative activities were noted on further re-sale of part.
		Kowloon and Rent Control Divisions were moved temporarily to Sun Hung Kai Centre, Wanchai.
		Government gave go-ahead for MTR Island Line extension; estimated to be completed in 1986.
1981		General Review of Assessable Values was conducted for 1981-82 for the Commissioner of Inland Revenue.
	January	Proposal to implement District Administration Scheme was approved by Government. Elections were to be held in March 1982 for the New Territories and in September 1982 for urban areas.
	March	General Census was conducted.
	May	Report of the Committee of Review on the Landlord and Tenant (Consolidation) Ordinance was published.
	June	Rating Adviser was appointed to consider the application of mass appraisal techniques using computers for the Department's work.
	July	The Rating Ordinance was amended to ensure greater consistency at revaluations by introducing the valuation reference date concept, to extend back-dating of interim valuations from 12 to 24 months, to rationalise exemptions from payment and assessment, etc.
		The Landlord and Tenant (Consolidation) Ordinance was amended following publication of the Review Committee's report. Main amendments included extension of Part II to December 1983, raising maximum percentage increase to 30% and exclusion of certain premises by rateable value platforms.
	7 October	Prime lending rate was raised to a new high - 20%.
	October/November	All offices of the Department were moved to Hennessy Centre, 500 Hennessy Road - the Department was brought back under one roof for the first time since 1967.
	December	Part IV of the Landlord and Tenant (Consolidation) Ordinance was introduced. The main provision was to allow tenants who were excluded from Part I and Part II the right to renew their tenancies but at the prevailing market rent. This rent is to be determined by the Lands Tribunal if the landlord and tenant cannot agree on the rent.
1982	February	The Exchange Square site was purchased by Hong Kong Land at a record price.
	March	Aberdeen Tunnel was opened.
	June	Tenancy Tribunal was abolished. The technical functions of the former Tribunal were transferred to the Department.
	July	Lands Tribunal gave its first decision under Part IV of the Landlord and Tenant (Consolidation) Ordinance.
	August	The Department assumed responsibility for Stamp and Estate Duty valuation work in Sai Kung. This was the start of a gradual process whereby the Department took over all such work in phases, completing the take over in March 1987.
	September	British Prime Minister, Mrs Margaret Thatcher, discussed in Beijing with the Chinese leaders regarding the future of Hong Kong. Agreement was reached to enter into talks through diplomatic channels with the common aim of maintaining the stability and prosperity of Hong Kong.
	October	Rent Tribunal was abolished. The Department assumed responsibility for reviewing rent increase certificates issued under Part II of the Landlord and Tenant (Consolidation) Ordinance.
		Major property company, Carrian Investments Ltd., disclosed short-term liquidity problems.
	October	Eda Investments Ltd. asked the Stock Exchanges to suspend trading in its shares.
	November	The Hong Kong and Shanghai Banking Corporation offered 20-year mortgage loans on owner occupied residential properties anywhere in Hong Kong. Such loans would mature after 1997.
		Repulse Bay Hotel, a 62-year old Hong Kong landmark, was demolished.
	December	Murray House, Hong Kong's oldest European style building and former headquarters of Rating and Valuation Department, was demolished.
		Chartered Bank offered 20-year mortgages on property anywhere in Hong Kong for home purchase or industrial use.
		Flats with a rateable value of $60,000 or more were excluded from the provisions of Part II of the Landlord and Tenant (Consolidation) Ordinance.
		The owner of a mid-levels flat successfully appealed to the Lands Tribunal to increase the rateable value of his flat. The decision took the flat outside the provisions of Part II of the Landlord and Tenant (Consolidation) Ordinance.
1983	March	Letters B system was abolished.
	1 April	The Inland Revenue (Amendment) Ordinance 1983 took effect, whereby property tax was levied on the actual income received. However, Assessable Values continued to be provided by the Department in 1983-84 only for the purpose of calculating provisional property tax assessments.
		General rates percentage for the urban areas increased to 5.5%, making a total rates charge, including the Urban Council rates, of 13.5%. General rates percentage for the New Territories increased to 13.5%.
	10 June	The Landlord and Tenant (Consolidation) (Amendment) Ordinance took effect, excluding fresh lettings after 10th June from the protection of Part II of the Ordinance.
	1 July	The Governor designated this date by reference to which the rateable values of tenements in all specified areas should be ascertained on revaluation. This was the first time a valuation reference date was applied to a revaluation.
	12 July	The second round of talks through diplomatic channels on the future of Hong Kong commenced in Beijing as a result of the agreement reached during the British Prime Minister, Mrs Margaret Thatcher's visit in September 1982.
	September	HK dollar slipped to an all-time low of about $9.50 to the US dollar.
	September	Government intervened to prevent the collapse of Hang Lung Bank.
		Typhoon Ellen battered Hong Kong.
	October	Government 'pegged' the HK dollar at $7.80 to the US dollar.
		Carrian Chairman, George Tan, and Executive Director, Bentley Ho, were charged under the Theft Ordinance.
		Carrian liquidators were appointed.
		Hong Kong Land announced unprecedented net loss of HK$107.1 M for the first half of 1983.
	19 December	Domestic premises with a rateable value (as at 10　June　1983) of $50,000 or more were excluded from the protection of Part II of the Landlord and Tenant (Consolidation) Ordinance.
	December	"Modified factor system" was introduced to permit an increase of more than 30% under Part II where the current rent was exceptionally low.
1984	28 February	New Valuation Lists were declared by the Commissioner of Rating and Valuation.
	March	A total of 99,588 valid proposals to amend the Valuation Lists were received.
	1 April	New Valuation Lists with 740,558 assessments and a total rateable value of $54,737 million came into force.
		The rates percentage charge was fixed at 5.5% for Hong Kong, Kowloon, New Kowloon and mainland New Territories, and at 5.0% for the outlying Islands.
		A revised Rates Relief Scheme was introduced, which limited the rates payable to 120% of the rates in the year immediately preceding - to cushion the impact of the revaluation.
	24 April	The Hong Kong Institute of Surveyors was formed.
	7 June	The first 3.7 km section of the Island Eastern Corridor was opened between Causeway Bay and Tai Koo Shing.
	1 July	Pre-war business premises were excluded from Part I of the Landlord and Tenant (Consolidation) Ordinance. Tenancies could be transferred from Part II to Part IV under certain statutory conditions.
	26 September	The Sino-British Joint Declaration on the future of Hong Kong was initialled in Beijing by Sir Richard Evans for the UK and by Mr Zhou Nan for the PRC.
	October	The Department organised and hosted the 3rd Conference of Heads of Commonwealth Valuation Agencies.
		City Polytechnic took in its first students.
	31 October	The new Supreme Court Building was officially opened.
	November	The white paper on the Further Development of Representative Government in Hong Kong was issued.
		A Chinese version of the Rating Ordinance was first published. The "official" version was effected under the Official Languages (Authentic Chinese Text) (Rating Ordinance) Order from 12 May 1995.
	2 November	Hong Kong's first bank-note printing factory was opened in Tai Po.
	19 December	The Sino-British Joint Declaration on the future of Hong Kong was signed in Beijing by Mrs Margaret Thatcher, Prime Minister of the UK and Mr Zhao Ziyang, Prime Minister of the PRC.
		Domestic premises with a rateable value of $35,000 or more (as at 10th June 1983) were excluded from the protection of Part II of the Landlord and Tenant (Consolidation) Ordinance.
1985	January	The Department assumed responsibility for Stamp and Estate Duty valuation work in Yuen Long, Sheung Shui and Fanling.
	February	The post of Assistant Commissioner (Administration and Staff Development) was created; and Rent Officers II were employed for the first time.
		A second bridge was opened at the Man Kam To checkpoint.
	7 March	The second district board elections, which were the first held territory-wide, took place.
	1 April	The rates percentage charge was fixed at 5.5% for all rated areas, i.e. all "phasing in" of the percentage rates charge for the New Territories was completed.
	27 May	The Sino-British Joint Declaration came into force.
	31 May	Opening of the MTR Island Line, from Admiralty to Chai Wan.
	June	The Land Commission was formed to monitor the implementation of the provisions of Annex III to the Sino-British Joint Declaration.
	25 July	The second section of the Island Eastern Corridor was opened, between Tai Koo Shing and Shau Kei Wan.
	August	The Department's Staff Development Unit was established.
	September	The first indirect elections to the Legislative Council took place.
		The Hong Kong Academy for the Performing Arts was opened by the Governor.
	September	Tolo Highway connecting Sha Tin and Tai Po was opened.
	October	The new Macau Ferry Terminal was opened.
	19 December	Domestic premises with a rateable value of $30,000 or more (as at 10 June 1983) were excluded from Part II of the Landlord and Tenant (Consolidation) Ordinance.
	December	The Department's Computer Development Unit was established.
1986	22 January	The Rating (Amendment) Ordinance 1986 was passed by the Legislative Council. This introduced Regional Council rates and changed the way Urban Council rates were calculated.
	1 April	The Regional Council was established to provide services for the increasing population in the New Territories. Funding was mainly from the rates in the New Territories.
		The rates percentage charge was fixed at 6.0% for all rated areas.
	May	The MTR Island Line from Admiralty to Sheung Wan was opened.
	June	The Department assumed responsibility for Stamp and Estate Duty valuation work in the outlying islands.
	12 September	The Department's first micro-computer was installed.
	October	The Department assumed responsibility for Stamp and Estate Duty valuation work in Tuen Mun.
	6 October	The new Unified Stock Exchange of Hong Kong was officially opened.
	21 October	Her Majesty, The Queen visited Hong Kong.
	4 December	The Governor, Sir Edward Youde G.C.M.G., M.B.E. died in Beijing.
1987	January	A special Housing Authority committee was set up to make clearance and rehousing arrangements for Kowloon Walled City.
	18 February	The Rating (Amendment) Ordinance 1987 was passed by the Legislative Council. This ended rates relief from 1 April 1987.
	26 February	Hong Kong Land sold its residential land bank to Sun Hung Kai Properties for $1.36 billion.
	March	The Department assumed responsibility for Stamp and Estate Duty valuation work in the remaining areas of the New Territories, i.e. Kwai Chung, Tsing Yi and Tsuen Wan.
	May	The Green Paper on the 1987 Review of Developments in Representative Government was issued.
	19 October	Following the world-wide stock market collapse, the Hang Seng Stock Price Index dropped by 420.81 points to 3,362.39.
	20-23 October	The stock market suspended trading.
	26 October	The stock market re-opened and suffered a further fall of 1,120.7 points to 2,241.69.
	8 December	Determination of building height by reference to street shadow area was revoked.
1988	20 January	The New Territories Leases (Extension) Ordinance was passed by Legislative Council. Different parts came into effect on 26 February and 25 April 1988. The Ordinance extended New Territories leases to 30 June 2047 without payment of premium but subject to an annual rent at 3% of the current rateable value during the extension period. This was in accordance with Annex III of the Sino-British Joint Declaration.
	10 March	The 3rd district board elections took place.
	March	26,186 valid proposals for alteration of the new Valuation Lists were received.
	1 April	The 1988-89 General Revaluation saw the successful completion of the first computer-assisted mass-appraisal exercise in respect of domestic, office and factory premises. The new Valuation Lists consisting of 966,407 assessments came into effect.
	1 April	Rating was extended to the whole territory. The remaining areas now included were referred to as Area T.
	1 July	The Office of Sino-British Joint Liaison Group was set up in Hong Kong.
	18 September	The 23 km Light Rail Transit System between Tuen Mun and Yuen Long was opened.
	22 September	The 2nd indirect elections to the Legislative Council took place.
	30 September	The China Ferry Terminal at Tsim Sha Tsui was opened. It was designed to handle 19 million passengers a year.
	25 November	The Hong Kong Convention and Exhibition Centre, the largest of its kind in Asia, was opened.
1989	1 March	The Office of the Commissioner for Administrative Complaints was established (re-named as the Office of Ombudsman from 27 December 1996).
	9 March	Elections to the Urban Council and Regional Council were held.
	1 April	The grade of Rating and Valuation Surveyor was retitled as Valuation Surveyor to reflect more accurately the duties of this grade. Senior and Principal Rating and Valuation Surveyors were similarly retitled.
	4 June	A massive rally to express sorrow at the events in Beijing on 4 June 1989 was held.
	July	The rank of Principal Valuation Officer was created.
	5 August	The Eastern Harbour Crossing line of the Mass Transit Railway between Quarry Bay and Kowloon was opened.
	10 August	The Bank of China Tower was completed, the then tallest building in Hong Kong, 301m high (including 52m twin aerials above the roof top).
	21 September	The Eastern Harbour Crossing (road tunnel) between Quarry Bay and Kwun Tong was opened to road traffic.
	10 October	The construction of a new international airport at Chek Lap Kok to replace Kai Tak Airport was announced, together with associated port and transport facilities as part of the Governor's policy address.
	October	The final phase of the Island Eastern Corridor from Shau Kei Wan to Chai Wan was opened.
	29 December	A third vehicle crossing point at Lok Ma Chau between Hong Kong and China was opened.
1990	1 April	The Leasing Division became part of a newly created government department, the Government Property Agency, and continued to be staffed by professional and technical officers of this Department.
		The rates percentage charge was fixed at 7.5% for the whole territory.
	19 April	Shing Mun Tunnel linking Sha Tin and Tsuen Wan was opened.
	20 July	The Rating Ordinance was amended. For rating purposes, the whole territory was divided into Urban Council area and Regional Council area replacing all previously specified areas.
		Service of notice of rateable value on ratepayers was not necessary following the declaration of a new Valuation List.
		The period for inspecting the new Valuation Lists and lodging proposals to alter rateable values was changed from March to April and May.
	27 July	Interim Development Permission Area Plans were introduced to rural areas in the New Territories for conserving the environment and regulating development. This was intended to prevent further spread of container parking areas and other undesirable use of farm land in the New Territories.
	6 August	Iraq invaded and occupied Kuwait.
	7 September	Residential development in Mid Levels was limited to a plot ratio of 5 or that of the existing development, whichever was the greater.
	3 October	Unification of East and West Germany.
	9 November	Tseung Kwan O Tunnel was opened to traffic.
	13 December	The Department assumed authority to allocate building numbers for the whole territory by taking over such responsibility from DLOs in the New Territories.
	19 December	12-year non-exclusive licence to provide satellite television services was granted to HutchVision HK Limited by the Executive Council.
1991	17 January	The United Nation's Allied Army launched attacks on Iraq to drive its army out of Kuwait (the "Gulf War" started).
	24 January	The Town Planning Board was authorized to prepare Development Permission Area Plans to regulate land use and development mainly in rural areas in the New Territories.
	8 February	The Rating (Amendment) Ordinance confirmed our previous practice of including the value of plant such as cables and ducts in the rateable value of certain tenements.
	8 February	The Commissioner was empowered to assess two or more properties together if they were used together and affect the value of one another. This confirmed our practice of assessing electricity and telephone systems under one cumulo assessment.
	18 February	The office of the Exchange Fund was set up.
	March	General Census was conducted.
	1 April	New Valuation Lists containing 1,134,737 assessments and a total rateable value of $169,199 million came into force.
		The rates percentage charge was fixed at 5.5% for the whole territory.
		Rates relief limiting the increase in rates to 25% of the amount payable in the year immediately preceding was implemented in 1991-92 only.
	6 April	Iraq accepted the United Nation's ceasefire conditions and withdrew from Kuwait.
	18 April	The Hong Kong's new Science Museum was opened by the Governor.
	May	34,614 valid proposals for alteration of the Valuation Lists for 1991-92 were received.
	1 July	Tate's Cairn Tunnel which was the longest road tunnel in Hong Kong, providing a direct link between Sha Tin and Eastern Kowloon, was officially opened.
	8 July	The Bank of Credit and Commerce in Hong Kong and worldwide closed for business due to liquidity problems.
	7 August	Government introduced measures to curb residential property speculation and prevent disorder during sales of flats in new developments. These included setting the minimum deposit money and forfeiture amount at 5 and 3 per cent of the flat price respectively, and limiting the number of flats sold to a registered person to one.
	15 August	Housing Authority announced proposals to sell domestic units in selected rental estates. The scheme was abandoned after two months due to poor response.
	3 September	Memorandum of Understanding concerning the construction of a new airport at Chek Lap Kok and related projects was signed by Prime Minister John Major for the UK and Premier Li Peng for the PRC.
	15 September	The 3rd indirect elections to the Legislative Council took place.
	25 September	Sino-British Joint Liaison Group agreed on the composition of the Court of Final Appeal in Hong Kong.
	1 October	The Crown Rent and Premium (Apportionment) Ordinance became applicable to the whole territory.
	10 October	University of Science and Technology, Hong Kong's third university with an initial intake of 700 students, was opened.
	18 October	Central Plaza, a 78-storey commercial/office tower, was substantially completed. It became the tallest building in Hong Kong, marginally taller than the Bank of China Tower by less than 5 metres, and the tallest reinforced concrete structure in the world.
	12 November	Banks limited the property mortgage loan to 70% on price or valuation whichever is the lower to curb property speculation.
	1 December	The new Hospital Authority took over the management of all public hospitals in Hong Kong.
	4 December	A Stamp Duty (Amendment) Bill was introduced to the Legislative Council to curb property speculation. The Bill mainly proposed to charge Stamp Duty on agreements for sale and purchase of residential properties.
	31 December	The Union of Soviet Socialist Republics dissolved and the Commonwealth of Independent States was set up.
1992	4 March	Proposal in Budget to increase rates percentage charge from 5.5% to 6% was later withdrawn after much debate in LegCo and the increased rates originally charged were set off in the July demands.
	1 April	The former General Revaluation Division and the four rating divisions (A, B, C & D) were reorganised to form four new divisions, namely, the Hong Kong, Kowloon (including New Kowloon), and New Territories Divisions, and Rating Division. A further change was the expansion of the Computer Development Unit to a fully fledged Computer Division.
	8 May	An intense rainstorm brought a deluge of 109.9 mm of rain in one hour, the highest ever recorded, and caused flooding and landslips.
	7 October	The Governor, Mr. C. Patten, announced in his first policy address that all government departments providing services directly to the public would adopt performance pledges aimed eventually at engendering a culture of service among staff. He also announced his proposals on political reform.
1993	1 January	Twenty-one people were trampled to death shortly after New Year's eve during crowd revelry at Lan Kwai Fong, Central, where thousands had gathered to celebrate the New Year.
	26 March	The Tin Shui Wai new town was opened by the Governor. The first phase of the development covered 169 hectares and would provide homes for some 135,000 people by 1995.
	30 March	Hong Kong was ranked sixth in global foreign exchange market activity in a report by the Bank of International Settlements.
	1 April	The Hong Kong Monetary Authority was formally established, by merging the Office of the Exchange Fund and the Office of the Commissioner of Banking.
	8 June	The Governor announced arrangements for the new Sandwich Class Housing Scheme to help middle-income families buy their homes. The Scheme is administered by Hong Kong Housing Society.
	15 October	The Central Mid-levels Escalator was opened to the public.
	26 November	The Information Systems Strategy Study for the Department was approved by Finance Committee.
	29 December	The Tian Tan Buddha, at 26.4 m, the largest outdoor bronze statue of Buddha in the world was inaugurated at the Po Lin Monastery on Lantau Island. Monks from 13 countries were among the thousands attending the inauguration.
1994	11 March	The redeveloped HK Stadium funded by an $850 million donation by the Royal Hong Kong Jockey Club, was officially opened.
	1 April	The Department took over certain duties from Lands Department in relation to assessing new Government rents for renewable leases under the Crown Leases Ordinance.
	1 April	New Valuation Lists containing 1,338,475 assessments and a total rateable value of $257,146 million came into force. The rates charge remained at 5.5% but a relief scheme limiting increases to 20% in each of the years 1994-95 and 1995-96 was introduced.
	1 May	Bank of China became the third note-issuing bank in Hong Kong.
	24 May	Government approved university titles for the City Polytechnic of Hong Kong, Hong Kong Polytechnic and Hong Kong Baptist College.
	30 May	18,821 proposals were received to alter the new Valuation Lists.
	1 June	Hong Kong became the first port to handle more than 900,000 containers in a single month.
	8 June	A package of measures to dampen property speculation, increase housing and land supply; and strengthen consumer protection and the administration of housing policy was announced by SPEL.
		The measures were largely based on the recommendations of the Task Force on Land Supply and Property Prices.
	22 June	The New Territories Land (Exemption) Bill, which gave women equal succession rights to land or property in the New Territories in the absence of a will, was passed in the Legislative Council. The Bill overturned the centuries-old tradition under which only men could inherit rural land if the owner died intestate.
	1 August	The Department introduced the service of supplying rental information, at a fee, to parties to Lands Tribunal hearings under Part IV of the Landlord and Tenant (Consolidation) Ordinance, to help settle disputes, or to assist in preparing submissions to the Tribunal.
	7 September	Hong Kong was ranked fourth among the world's major economies, ahead of every European country, in the 1994 World Competitiveness Report, published by the World Economic Forum and International Institute for Management Development.
	24 September	Hong Kong was rated as the best city in the worldfor doing business, in the annual 'Best Cities for Business' Survey of Fortune Magazine.
	1 October	Hong Kong's first bi-metal coin, the new $10 coin - with an outer ring of cupro-nickel and an inner core of nickel-brass - went into circulation.
	19 December	Hong Kong, along with Singapore, was rated top in having the highest amount of economic freedom in the world, in the 'Index of Economic Freedom' published by the Heritage Foundation.
1995	17 January	Earthquake in Kobe and Osaka, Japan.
	1 March	The Financial Secretary, Sir Hamish Macleod, forecast in his 1995-96 Budget that the fiscal reserves of Hong Kong would be $151 billion by 31 March 1997, and the Special Administrative Region (SAR) government Land Fund at 1 July 1997 would be $138.5 billion.
	27 March	The Department introduced a 24-hour automated telephone enquiry service. This service provides recorded information on rating and landlord and tenant matters, and also provides callers with an option to obtain the information by facsimile. Also available by facsimile were various property market statistics.
	23 May	This was the 150th anniversary of the enactment of the first Rating Ordinance in Hong Kong.
	30 June	The total assets of the Exchange Fund stood at HK$450 billion. Hong Kong's foreign exchange reserve amounted to US$53.6 million. Hong Kong ranked seventh in the world for overall foreign exchange reserves and second in reserves per capita.
	1 July	The Rating (Amendment) Ordinance 1995, enacted in April 1995, took effect. The main provisions included the abolition of half refund of rates formerly allowed for vacant non-domestic premises and the transfer of the billing and accounting functions relating to rates from the Director of Accounting Services to the Commissioner of Rating & Valuation. Staff came from the Treasury to form the Department's Rates Accounts Section.
		The Department became subject to the Code on Access to Information.
		Government issued licences to 3 new fixed telecommunications services (FTNS) operators (Hutchison Communications Limited, New T & T Hong Kong Limited and New World Telephone Limited), ending the monopoly of Hong Kong Telephone Company.
	1 August	The Rating (Effective Date of Interim Valuation) Regulation took effect. This fixed the interim dates by reference to the Occupation Permit or Letter of Compliance or Consent to Assign.
	6 September	Hong Kong ranked third amongst the world's most competitive nations - one place above Japan, but still trailed its traditional rival, Singapore according to the year's World Competitiveness Report, a survey organised by the World Economic Forum.
	13 September	The Working Group on The Use of Chinese in the Civil Service published its report which recommended a package of proactive measures to encourage greater use of Chinese within Government.
	17 September	The Legislative Council elections with the 9 new Functional Constituencies were held.
	2 October	A new division known as New Territories (Rural Programmes) Division was created to cater principally for the anticipated workload resulting from the provisions of Annex III to the Sino-British Joint Declaration on the future of Hong Kong. The existing Rating Division was expanded to handle routine capital valuation work and renamed as Rating and Capital Valuation Division.
1996	26 January	The 150-member Preparatory Committee was set up and charged with the responsibility to establish the first government and legislature of the Hong Kong Special Administrative Region.
	10 February	A bush fire trapped school children hiking in the Pat Sin Range Country Park resulting in the death of 2 teachers and 3 pupils. The tragedy raised public concern regarding the communication, co-ordination, command and control capabilities of the emergency services in handling massive rescue operations.
	3 April	The statutory level of compensation payable to tenants on recovery of possession of premises for rebuilding under Parts II and IV of the Landlord and Tenant (Consolidation) Ordinance was revised as a result of a Private Member's Resolution in Legislative Council.
	15 May	USA President Clinton declared disconnection of human rights from consideration regarding the Most Favoured Nation (MFN) Status for China which was renewed on 28 June for another year.
	29 July	Miss LEE Lai-shan won a Gold Medal in the Women's Wind Surfing Event at the Atlanta USA Olympic Games. This was the first Olympic Gold Medal won by a Hong Kong athlete.
	1 September	The section between Beijing and Shenzhen of the Jingjiu Railway was officially opened.
		The Chief Justice, Sir Ti-liang Yang, announced his resignation in order to stand for election for the post of the first Chief Executive of the Hong Kong Special Administrative Region (SAR).
	20 September	The 400-member Selection Committee was formed and given the role of selecting the first Chief Executive and Provisional Legislature of the HKSAR.
	20 November	A serious fire broke out in Garley Building, a 16-storey commercial building in Yau Ma Tei resulting in a death toll of 40. This aroused general concern on fire safety and design of the older buildings.
	1 December	Chinese became one of the official languages in the hearing of appeals in the High Court.
	11 December	Mr. Tung Chee Hwa was elected as the first Chief Executive of the Hong Kong Special Administrative Region (SAR) by the Selection Committee.
	13 December	As a result of a Private Member's Resolution, Legislative Council extended the expiry date of Part I and Part II of the Landlord and Tenant (Consolidation) Ordinance for 2 years to 31 December 1998. Other changes were also made to the maximum increase provisions in Part II.
	16 December	New T&T launched service initially to residents in Hong Kong East areas and some residential developments in Mid-levels, marking the liberalisation of local telephone service.
	17 December	For the third successive year Hong Kong was rated the freest economy in the world having the highest amount of economic freedom, in the "Index of Economic Freedom" published by the Heritage Foundation and the Wall Street Journal.
	21 December	The 60-member Provisional Legislature of the Hong Kong Special Administrative Region was elected by the Selection Committee.
1997	1 April	New Valuation Lists containing 1,563,257 assessments with a total rateable value of $325,172 million took effect. The rates percentage charge was reduced from 5.5% to 5% and a rates relief scheme limiting increases to 20% in each of the years 1997-98 and 1998-99 was introduced.
	30 April	Western Harbour Crossing, 2 km long providing 6 lanes, was opened.
	19 May	The Hong Kong Mortgage Corporation Ltd. (HKMC) was formed and the Board of Directors consisting of 15 members was appointed by the Financial Secretary.
	22 May	Lantau Link, comprising Tsing Ma Bridge, Kap Shui Mun Bridge and viaduct over Ma Wan covering a total distance of 3.52 km, was opened.
	30 May	The Government Rent (Assessment and Collection) Ordinance regulating the collection of this rent at 3% of the rateable value under Annex III to the Sino-British Joint Declaration came into force. The Department was made responsible for collecting this rent from approximately 1 million properties from June 1997. The first Government Rent Roll was declared on 20 June.
	31 May	A total of 31,949 proposals were registered against the new Valuation Lists.
	6 June	The Government Rent (Assessment and Collection) Regulation took effect.
	14 June	Extension to the Hong Kong Convention and Exhibition Centre was opened. This provided the venue for the handover ceremony on the change of sovereignty.
	16 June	The Whitehead Detention Centre, the largest Vietnamese detention centre in Hong Kong, was closed.
	28 June	The Government Rent Roll containing 949,786 assessments with a total rateable value of about $139,438 million took effect. Rent to be charged at 3% on the rateable values. In most cases combined rent and rates demands were issued from early July onwards.
	1 July	Government of the Hong Kong Special Administrative Region (HKSAR) was formed.
		The HKSAR Land Fund of $170 billion was handed over by Vice-premier and Foreign Minister, Mr Qian Qichen, to the Chief Executive.
		Letters A and B were abolished and would be resumed by cash payment.