Page 94 - Records of Bahrain (5) (ii)_Neat
P. 94

416                       Records of Bahrain

                                          -3-


                                 XII* Other Considerations#
                                      A.   It io dear from the above that given

                                 froedora from warf promature failure of the oil
                                 field or othor major calamity, the future of Bah­
                                 rain can be comfortably assured# But wo have not
                                 yot considered what portion of the royalties la
                                 required for ourrent expenditure while the Reserve

                                 is being built up# Though we might accept the
                                 figure in 1(b)(11) above for normal recurring
                                 expenditure during this period — i#e# Re# 12J
                                 lakhs, wo can safely take a better figure than
                                 that in 1(b)(1) for lncorao# During the period
                                 now under consideration oil will be flowing and
                                 money will be eosy in Bahrain# Consequently Cus­

                                 toms receipts will be high, in faot pretty well
                                 what they are at present# I should estimate nor­
                                 mal income from all souroos except oil to average
                                                                                %
                                 not loss than Rs# 8£ lakhs (more probably Rs# 9
                  Idylser con­
                  firms this      lakhs) per annum during this period# Thus, to meet
                  figure.
                                  the average expenditure budget of Rs# 12£ lakhs,
                                                          *
                   Bit 3*> lakhs on Bahrain roust divert Rs# 4 lakhs annually «nrran*ky
                     ' *?r* s compu-
                       n#         from oil royalties. This is, as suggested above,
                                  probably more than is actually necessary but could
                                   bo regarded as an outside figure#
                                       B#   It is clear enough that heavy non-recur­
                                  ring expenditure must be contemplated in the next
                                  few years. There is much to do in improving Pub­

                                  lic Health (Sanitation, Hospitals eto) Agriculture,
                                  Communications and Education# Not only la it right
                                  to spend freely on such services, but circumstances
                                  will drive the Bahrain Government to do so# There
                                  will be pressure both from outside and irtm within,
                                  and the safe course, which no doubt coincides with

                                                                         inclination/-* • »
   89   90   91   92   93   94   95   96   97   98   99