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than the aotual receipts of 1348. Unfortunately the
decrease in 1349 exceeded my estimation by Rs 2,33,000/-.

The reason for this serious falling off in revenue

is not a local one but has been caused by the effects
of the present world wide trade depression which parti­
cularly affects a luxury trade such as the pearl industry

on which depends not only the prosperity but almost the
very existence of Bahrain.

I feel confident that when trade conditions improve in
Europe and America there will be a similar improvement

in Bahrain but until this occurs the revenue of the Bahrain

State will decrease* The estimated expenditure in the new
budget has been confined to the narrowest limits consistent
with carrying out the bare administration of the State but

in order to obtain the revenue for doing this it has been

necessary to increase the Khanchia duty by an amount which
is estimated as being likely to produce one lac of rupees
as a temporary emergency measure, This matter is fully

explained in the notes on the new Budget for 1350*

I have the honour to be,
Sir,
Your obedient servant,

Financial adviser to
Bahrain Government.

Adv/N,

i