Page 608 - Bahrain Gov Annual Reports (I)_Neat

606 -4-

of r' 4,79,000/- in addition to Uue four lacs

deserve Fund. (Jut of tLia balance 4,11,762/-
(£30,000/-) has boon invested in 3i,, Britisn .,ur
Loan which increases the Reserve i’Und to approxi­

mately 8,12,000/-.
5* Motes on 1^55 revenue.
Custom* revenuo was 1,83,000/- more than
during pluvious year. The satisfactory increase
reflects the improved condition of trade in Bahrain

which is mainly duo to the oil industry. During
part of the year as many as 6,C0Q labourers were
in the employment of the Bahrain Petroleum Company
and moat of their earnings were spent in the Bahrain

baxaars. The influx of Luropeuns and highly paid
Aaiatioa has atiaulatcd the import of highly prioed
luxury articles auoh aa photographic material eto. etc.
The revenue from liquor alone during the year amounted
to h 14,841/-.

The oil royalty was over a lac more than dur­
ing the previous year.
The remaining sources of revenue show no

motioeable change except a large increase under motor
taxes which is due to the number of vehicles and
drivers employed by the Bahrain Petroleum Company.
The aotual revenue during 1355 exoeoded the
estimate in the Budget by seven lacs, this was because

the customs receipts and oil royalty considerably
exceeded my expectations.
Wotei on 1365 expenditure.

The normal recurrent expenditure during 1365
whioh is the cost of administering and protecting
the oountry and providing the Civil List was appro-