Page 130 - Bahrain Gov Annual Reports (I)_Neat

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128
ffotes On Revenue For 1348,

Generals—
The revenue for 1348 shows q very serious falling off. The
decrense/mainly in the Customs collections, the chUtilf revenue of
the State. The reason is apparently general trade depression,
an abnormally bad pearl season, which shows no sign of recovery,
end, to a lesser extent, the disturbances on the mainland caused
by the recent rebellion.
There has been a noticeable decrease in the actual wholesale
cjost of most imports, except rice. Shortage of money occasioned
j;he bad peerl season, has reduced the local purchase of most
forms of luxuries.
The following is a comparison of the revenue for the last
five years.
Y&B. TOTiJ. RETCiUE. CnSTOB ONLY.
1344. Rs. 11,62,000/- Rs. 8,82,894/-
1345. * 11,92,000/- " 9,62,041/-
1346. " 12,40,000/- n 10,58,679/-
1347. " 12,10.000/- n 1^,59,445/-
1348. ■ 11,34,000/- n 8,94,884/-

Customs Receipts.
The Customs collections are the real indication of the
financial condition and they reflect the material condition of the
State. The tot*»l revenue includes such items as sales of lands
etc. end so cannot be taken as a genuine representation of revenue.
From the year 1344 until this year there has been a steady increase
in Customs revenue. This year it has fallen back to almost as
low as it wa.s in 1344, an admittedly bad year.
Although the revenue was estimated in the 1348 BuJret on a
very conservative basis the actual receipts fell short of the
budgeted amount by Rs. 32,000/-.
Revenue collected by the Customs Department includes boat,
pearling end motor licenses and also,up till now, passport licenses
These items have not decreased seriously.