Page 328 - Bahrain Gov Annual Reports (I)_Neat

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76*
GENERAL*

Gold Sales. The high price paid for golden coins
and gold ornaments induced numbers of people in Bahrain

to realise their gold ornaments end also stores of
English sovereigns which many people had kept buried.
A large quantity of gold ornaments were also imported

into Bahrain from the mainland and towards the end of
the year there was a very brisk trade in gold ornaments
which were
ead/shipped down to India.

Bahrain Petroleum Co. The company started actual
digging operations in Septr. 1931, and by the end

of the year the well on which they are working had
reached a depth of about 1800 feet. Shortly before
the end of the year a certain amount of oil was found

but it was discovered that this was of no real value
as the gas was insufficient to bring it up to the sur-
face. The company are now drilling deeper.

Manufacture of tiles. Khalil Kanoo and a Syrian
relation of one of the Education staff entered into
partnership to manufacture coloured tiles, The
workmen were Syrians from Beyrout. About 70,000

tiles were manufactured but owing to the tightness of
money only a very small percentage were sold, The
partnership dissolved and the two parties are compet­

ing against each other in selling tiles which has
resulted their being sold at a very low price.
The Eastern Bank. Since the Eastern Bank came to

Bahrain some ten years ago it has occupied a house
rented from Abdul Aziz Kozaibi & Co. During 1350

the Bank purchased a site, in the sea, adjacent to the
Western Sea Road. This site was previously owned
by Mohamed Sharif the bankrupt Persian merchant and

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