Page 305 - Records of Bahrain (7) (ii)_Neat

Economic and financial affairs 695

3« Itarvomio, ;
alio totol revoke in lVffy vns 667 lakhst tiu>
1 ■ , . : J V'■: t ..
oafctrmtod total’ revenue XafchU (000 Inst year’s

Annuol PoportK fy* on va* VkS
Idkho «md tha dwfcjr *** *****i «»•
onttmntos vor* foj? &Q tottujr*&6 pflj lclths. ffha erubotaiv-
tial lncrooBo to Is* was quo ta largo payments
holn« roqoivad AOWntanoo >4th ta»o Inooma

Tox /.grooKiont, oa ftf t*9 y«W« 1952 end 1953.
( . . * ‘ . .*1,1 «••;•! •
Customs duties w»unt|M to 3X$Jr lokhs which wno ono
• 1 , *«/ ; 1
lolcUg more thaa the ooUaq^g^a 44 previous yoor*
latorst from tho ROearvo Pu&Vty SitllOh is now tho third
largest souroa of royonuo| wo# Xakhn, 7 lakhs iuox*o them
In 1372, tlilo woo duo to further additions to tlxo Reserve
Fund by investment* Othor sources of revenue produced

about tho seme lnoomo os In tho previous year*

b, Expend! turO| 195^#
Expenditure In 195H vas very muoh lii^hor them In 1372,
it amounted to 369J lakhs no asalnct {IUOJj lakhs in 1372,
Of till0 inox’omiQ in expenditure 9'J lakhs moro than in tho

provlouo your was tho ono third of tho oil revenue paid to
tho Privy ipuro©, Excluding poymonta to tho Privy Pur no
tho amount spent on tfoolnl tiorvlooc, Puhlio Works and
administration wno 190 lakhs* Uxo ltoaorvo Fund was
lnorou30d during tho year by 139& lfiWia, It lino boon tho
polloy of tho Government for many yews to odd what it otn

to tho Reserve Fund oooh yocr in order to increase tho
income from that aouroo^wlth a view to tho time whoa tho
oil rovanuo begins to diminish* The Government caoo
expand a largo sums on major public works vhloh will
ovontually prodUq# rtvenxiO) such oa tho aloe trio and water
Bahama^ bio ok 3 oJf' flats for lotting and other buildings

\rtiich bring in ravnnuo, In %9*A tho cost of now public