Page 47 - Bahrain Gov Annual Reports (I)_Neat

-5- 47

the large public works and schemes entered into
during the previous year, such as the water
supply. Sea hoed, ralace and uffices, and also
the State paid out all the money which it held
in trust for the public, so that at the beginning
1346 it has no liabilities such as building
contracts etc. and all the funds shown in the

Budget are the actual cash assets and real
property of the State. The financial position
is
of the State/therefore considerably better at the
beginning of this year than it was at the beginning
of 1345.

It is a curious fact that the balance at
the end of 3345 is only Hs 120/- less than the
balance at the end of 1344 after deducting zht
deposit account.

I hare the honour to be.
Sir,
Your Obedient Servant.

Financial Adviser,
K. Bahrain State.