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                                         Ho.              Of 1340
                                         Offlco of tho Advisor to
                                         tho Government, Bahrain.
                                         Datod.^c*)^ Bahama 1348





                   To
                       H. B. Mf8 Political Agent,
                                 Bahrain.





                  Sir,
                         I havo tho honour to forward herewith the
                  State Budget for 1348 togothor- with a nuzsaazy
                  of Revenue and :-xpenclituro for 1347 with e*pl^
                  natory notea on snme0

                         1348 Bulret, Thin in the fourth Budget
                  which I have had the honour to outait*
                         RKVKWflK. Again this year I have increased
                  the estlaate of Revenue fron Cuotonn Receipts,
                  which in the State*r. chief source of wealth*
                         Last year this lten was e oil mated at
                  Rfl. 9,00,000/-.   Thle year Z have increased
                  it to Ra. 9,60,000/- allowing a margin of one
                  lac between the actual reccipto for 1347 and the
                  eetlmited receipts for 1348,   It would be dan-

                  geroua to budget for a larger amount, aa it is
                  generally thought that trade prospects for the
                  cooing year are not as precising as at the begin­
                  ning of last year,   This is owing to the die-
                  turbed conditions on the mainland, the exolusl
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