Page 302 - Records of Bahrain (7) (ii)_Neat

692 Records of Bahrain

\U M. POLITICAL AGUNGY
OOHPID1JNTIAL BAHRAIN
Despatch No, 8
(1109/2/55G) May 24, 1965

Sir,
With referonoe to Mr* Wallis despatch No, 0 of

December 12, 1953 enclosing oopies of tho Bahrain
State Budgot for 1373, I have tho honour to forward
herewith three copies? of the Budget for tho yoar

1955, together with copies of a covering 1 otter from
tho Adviser containing his cotonents on the budget.
a. The budgot refloats as always tho Bahrain
Government's awareness of tho nood to provide for the
time when revenue from oil begins to diminish.

PB.'IGtf of expenditure, exolusivo of payments to tho
Privy Purse, go os to investment, while largo sums of
mouoy are spont upon rovenuo-produoing major public

works, such as tho supplying of electricity to most
of tho island from the now power houso and tho new
(i
; doop water pier project, designed to presorve Bahrain's
place as tho ontrepot of the Persian Gulf, Details of

N those solioinos were given in Mr, Gault's despatch
=i No. 4 or April 23,

3. Payments to tho Privy Purao in 1954 totalled
Rfl. 17,501,OCX) or nearly £11 million sterling. The
figure for 1954 is higher than usual owing to tho

/receipt
ills Kxcolloncy
Mr, B. A, 1), Burrows, G.M.G, 9
Her Majesty's Political Resident
in the Persian Gulf,