Page 443 - Bahrain Gov annual reports(V)_Neat

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Government Loan. During the year 1956 the Government granted to the department a
loan of Rs. 970,000/- for the settlement of Bapeo’s Loan and the loan of theSons ofShaiksSalman,
The Ruler, and if this amount is added to the total of the previous loans given to us, it brings the
total up to Rs. 2,000,000/-.

Rents and Leases. The total collections under this heading amounted to Rs. 278,869/1/0
as against Rs. 279,188/10/0 last year. The reason for the deficit was mainly due to some tenants
who failed to pay their dues before the closing date of the year.

Proceeds of the Properties Sold. The department sold during the year three houses, three
pieces of date gardens and some common shares, altogether for Rs. 143,667/13/- as against
Rs. 26,420/- last year.
Debts recovered. The department recovered Rs. 47,013/15/0 from certain debts due to the
estates under its administration as against Rs. 20,799/- last year.

NOTES ON EXPENDITURE
Maintenance, etc. Disbursements under this heading amounted to Rs. 173,052/11/- as
against Rs. 136,241/1/3 last year.
Properties purchased. The department bought during the year three houses and a piece
of land situated in Manama and Muharraq and also a date garden altogether for Rs. 117,232/4/-
as against Rs. 89,283/- last year.
Upkeep of Buildings and additions. The department built during the year four houses, and
the fifth is under construction. This house was given to contractor Mr. Ramzi Tomania to
build, for the heirs of Abdulla A1 Zaid, instead of their house which was sold to the Government,
and in addition to these the department attended to many repairs in various buildings. The
money spent under this heading amounted to Rs. 129,853/10/- as against Rs. 141,294/2/4 last
year.

Payments to Beneficiaries, etc. The total cash payment amounted to Rs. 1,594,885/-/10
as against Rs. 426,892/6/1 last year. The above sum covers the amount of Rs. 1,111,590/- paid
up in settlement of Bapco and the sons of Shaiks Salman’s loans. It covers also the interest
paid on loans taken from the Government, establishment expenses, and the shares of majors
who drew their dues.
Loans Advanced. Rs. 4,577,130/- was paid out in loans against securities of immovable
properties during the year and Rs. 3,628,739/- was outstanding in loans from 1955, thus making
a total of Rs. 8,205,869/-. Out of these sums the department collected Rs. 4,089,419/-, the
balance in the same heading at the closing year was Rs. 4,116,450/-
DEPARTMENT’S ACCOUNT
INCOME EXPENDITURE
Balance from 1955 381,226 3 8 Staff salaries, pension contri­
Government annual subsidy for bution and contingencies, etc. 86,353 10 0
1956 30,000 0 0 Interest paid on Government
Income of 5% charged on rents loan and Bapcos 63,375 0 0
leases, and the interest of the Interest paid to the sons of Sk.
minors’ fund 31,409 7 7 Mohd. bin Abdulla Al Khalifa 5,661 1 8
Savings of the Department from and others
the Government loan and Balance in the account of De­
Departments reserve fund 168,542 14 0 partment until 1956 455,788 13 7
Grand Total Rs. 611,178 9 3 611,178 9 3
NOTES
1. The average of percentage of interest charged on loans during this year was Rs. 6/13/4£.
2. A new committee consisting of 8 members was appointed by the Government during the month of
December, 1956.
3. The numbers of meetings held during the year 1956 was 18 when it should have been 24 ; this was due
to the unrest which took place in the country during the last two years.