'File 10/4 V Trade Reports' [‎351v] (707/776)

3^1
Tiie principal sourco of Buhraln's torts continued to b«
India. Importj fron the United Klngdota ahowed *n lucresof 254^
while tiiose froin India ^ho a decrease of 8,« coanurad with last yfar#
Althoug i theri has b <»«n a rery definite revival In trade
during the y«i»r, there ar^ still signs of any downward trend in
pricos; in the contrary ther^ is an uo*ard trend, particularly in
the case of *aotor vehicles.
The increase in Inrperts may be attributed to a definite
revival in ti '^ae, with iaor» consua^r goods being aviilabie for export
from caanuf acturin^ countries. The increase In exoorts is due to
part ial rela*Ati in of the restricti ons lipose* locally on exports.
Incr ;useS shipffients by Pf?troleu^ ConcessiOi .o Limited to
^atar account in the iain for an incr ;ase in the value of transhipment
cargoes.
(b)
IV ^ney,.
Money conditions in the bazaar t*ert fairly co ifortable for
the greater part of the ye ^r, beeoiaing very easy towards che. close.
There was a fttir activity in shipdent of silver bars, aiid i'Jcurreat
silver rupees Indian silver coin also widely used in the Persian Gulf. to India during the first half of the p«ri>U, land a
te*tuiu of the last ^uart'»r was the return of coin stocks to the banks*
iidmaa-
The average sterling rupee selling rate of exchange for the
ye a- ended 3Xs ^arch, 1947 f **3 Is. 13:58 per jl 100, while the average
buying rate was n.l'SM per £ 100. The rates ca:rje into force on 7th
april, 11)46, and regained unchanged throughout th^ period.
iwdliYln,*'
The value of the catch was greater than that of last year^
and divers, nakhudand oearl .-aerch-xnts had a goo i season; but wry
few sales of ->earl toon place during the ye^r, due to the inability"
of pearl brokers to contact buyers in India, because of disturbed
conditions th« e.
agye^nnf^t X
The ^ollowini; figures for the previous and the present year
illustrate the development of the oil fieidst-
r
1
tons.
quantity of oil shipped from
Bahrain.
Total production of oil.
■uantity of crude oil received
from Arabia and refined In Bahra inJ5,170,466
2,44 ,i,828
393,629
tons.
4 f 672 f 463
1,114,217
3,904,776
/ In ad iitioa /