Page 15 - Records of Bahrain (5) (ii)_Neat

Revenue-expenditure budgets 337

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Revenuo. In last year’s Budget, I estimated the
revenue at Rs 7,89,600/-. My estimate was incorrect,
the actual revenue collected v/as Rs 6,84,298/- (excluding
Rs 12,447/- which v/as transferred from tho Police account
to the Consolidated Fund) Customs receipts last year
were estimated at Rs 7,00,000/-, actually they only

produced Rs 6,00,684/-.
Owing to the deplorable condition of the pearl
industry, the continued decrease in amount and value
of imports and the probability, which is now almost
a certainty, of Bahrain losing its R.E.trade, I consider
that the most that can be expected from the customs
this year is Rs 5,50,000/- which is ljg lacs less than
the estimated customs revenue for last year, but only
Rs 50,684/- less than the aotual customs receipts
received during that year.
The total amount expeoted from all other sources
of revonue is estimated at slightly less than last
year’s total. This amount has been arrived at after

careful consideration of the actual receipts for 1351.
Rents of Government lands has been somewhat
increased. This item includes the rent from the oil
company (Rs 10,000/- per annum) and also rent of aerodrome.
I have assumed that the long deferred payment by the
Imperial Airways for the use of the aerodrome will
materialise during the year.
Interest on reserve has diminished; the rate of
interest is now much lower than before and the capital
has dwindled.
A new, but very small, source of revenue is the tax
on artesian wells used solely for cultivation.