Page 152 - Bahrain Gov Annual Reports (II)_Neat

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Notes on Revenue 1357.

Customs Receipts Rs. 10,87,000/-

There was an increase of Rs. 27,000 in customs receipts over last year’s
revenue. Details are given in Customs Department report.
Royalty on Oil Rs. 35,44,000/-
The royalty was approximately 4 lakhs more than last year’s royalty and 5J lakhs
more than the sum which I anticipated in the Budget. Royalty was paid on
1,012,570 tons of oil.
Passport Fees Rs. 19,000/-
There was a decrease of approximately Rs. 1,000 in passport fees.
Judicial Receipts Rs. 7.700/-

There was a decrease of approximately Rs. 3000 in Judicial receipts owing to
no important civil cases being heard in the courts.
Car Taxes and Driving Licenses Rs. 12,400/-

The total amount collected was Rs 21,000 but from this sura one half of tho
car taxes was paid to the Manama and Muharraq municipalities towards the cost of
upkeep of lown roads.

Land Revenue Rs. 25,300/-
This includes land registration fees and rent of Government lands.

Interest on Reserve Rs. 1,00,820/-
At the end of 1356 the Reserve Fund was 18 lakhs. During 1357 it was
increased to Rs. 39,96,000. The Reserve Fund is invested in British Government
securities which pay interest at 3£%.
Oil Inspection Fees Rs; 9,437/-
In the Budget for 1357 an error was made in assessing the amount due under
this heading. The estimates were based, incorrectly, on the total output of oil.
They should have been based on the quantity of oil shipped on other than tho
Company’s ships, which is gauged on behalf of the Company by the Bahrain
Government representative.

Miscellaneous Receipts Rs. 5,000/-
This includes sale of Government Forms, divers books, sale of unserviceable
stores and licenses for drilling wells etc. etc.
The total revenue was 4| lakhs more than the revenue during 1357.

Notes on Expenditure during 1357.

The estimated expenditure for 1357, excluding the contribution to the Reserve
Fund, was Rs. 30,02,000. The actual expenditure was Rs. 31,08,000.
In the Budget the one third of the oil royalty was estimated at
Rs. 10,00,000 but the actual amount was Rs. 11,81,000.