Page 504 - Bahrain Gov Annual Reports (I)_Neat

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which provided work for a greut number cf the
local population at a tine when many people
were almost destitute through unemployment.
This year the Budget has been balanced,
without raiding the Reserve Fund or utilising
the balance in hand from the previous year.

Tie budgets of 1352 and 1353 showed a deficit,
and although no deficit was shown in 1351, yet

at the end of the year there was a large actual
deficit. The State commences the year with
a reserve fund of two lacs and a balance of
Rs 1,33,000/-.
3. The 1354 Budp.et. Revenue. Customs

receipts continue to be the main source of
revenue. I have estimated the revenue from
Customs at a slightly higher figure than in 1353

budget. The estimate for 1353 was Rs 5,50,000/-
including vehicle licenses: the revenue for
1353 was ?s 6,57,000/- and for 1354, I have
anticipated a revenue of Rs 5,80,000/- which is

Rs 33,000/- more than the amount estimated for
■ *
last year, but Rs 77,000/- less than the sum
E' which was received last year. Taking into

li. consideration the reduction of l/3th of the
1
direct transhipment dues on cargo to and from
the ports of Saoudia Arabia, I think that the
margin of safety is sufficient and I antici­
pate that the Customs will yield this amount.
The only possible circumstances which I can visu­

alise and which would drastically reduce this
revenue are a-European war or the total cessa­
tion of re-export trade which night occur if
the port of Ras Tanura should be developed.

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