Page 95 - Records of Bahrain (5) (ii)_Neat

Rcucnue—expenditure budgets 417

inclination, in to forestall ariticiom or agita­
tion. It may toko some timo to work out program­
med, but to bogin with it would ba as wall to corw
toraplato an annual expenditure for aoveral yeara
of Rs. 2£ lakhs on new schemas# Actually tha
figure may vary greatly from year to year, but I
suggest this as a working figure*
C* It follows then that while the Reserve

is boing created over a period of - say - 15 years,
the State will probably be charging an average of
* *
Alternatively Rs. 4 lakhs plus Rs. 2$ lakhs against (i) oil ro­
Rs. 3»V lakhs
end Rs. 3 lakhs. yalties and (ii) interest on invested royalties
(the latter boing on annually increasing sum)*
IV. Suggestions.
I suggest therefore that, for the

purpooo of framing a programme, the following
assumptions be drawni-
•a. excluding 1* Total State* receipts from
is Highness* Royalties over probable
hare. period of 15 years • Rs.293 Lakhs
2, Total sum required for
investment, • • Rs.187 lakhs
3. Total sura required to
balance budget during
"building11 period of
15 years. •• Re* 97£ lakhs.
4* Total sura available
from Royalties for
expenditure during
period in which Re­
serve is being created* •• Rs.106 lakhs
5* Expected total interest
in same period on invest­
ments (not including sum
invested to end of last
financial year as this is
already taken into account
in current budget) - not
less than •. Rs. 40 lakhs
6* Balance (4 plus 5 minus 3)
mtdxdaftg:fom>dbta for unfore­
seen liabilities and defici­
encies - roughly ## Rs* 49 lakhs*.

V/-