Page 46 - Bahrain Gov Annual Reports (I)_Neat

46 -4-

Statements of Revenue and Expend!ture
for 1345. The enclosed figures show particulars
of Revenue and Expenditure for 1345. Considering
that the year was a bad one the rerenue results

seem satisfactory.
✓
There was an increase of Rs. 79,147/- in
Customs Receipts OTer the previous year.
/
There was a decrease of Rs 43,795/- in other
revenue which can be accounted for, and which is
explained in my notes, over the previous year.

The nett result is an increase of Rs. 54,253/-./

from regular annual revenue sources over the previous
year. This does not include amounts realised by
royalty on oil concession and sales of Government
Land, which naturally, cannot be counted upon as
recurring every year.

The balance of State Funds at the end of
1345 was Rs. 5,43,544. At the end of 1344 the balance
was Rs 9,03,448/- but this included the Deposit Account,

Rs. 3,59,684/- which was not a'real asset, as it ✓
consisted mainly of money held in trust by the State
which was subsequently paid out by the State during
1345.

The expenditure for 1345 of *s. 17,65,434/- /
would appear to be extremely large considering that
the estimated revenue for 1345 was only Rs 8,35,065/-.

It will be seen though that during the year

1345 the State paid off the final balances for the