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'File 19/176 V (C 81) Bahrain Finances' [22r] (52/524)
The record is made up of 1 volume (254 folios). It was created in 26 Jun 1937-11 Jul 1941. It was written in English. The original is part of the British Library: India Office The department of the British Government to which the Government of India reported between 1858 and 1947. The successor to the Court of Directors. Records and Private Papers Documents collected in a private capacity. .
Transcription
This transcription is created automatically. It may contain errors.
V v v
Confidential,
D.O.No,0/856-6/4
/3 (X^Xxt
; Date
| co. :.. fUL |
The 13th November 1937.
m
The other day while I was looking into the question
of the creation of a State Reserve Fund it struck me, as no
doubt it has struck everyone else, that a very difficult
situation may arise when the flow of oil royalties ceases
by reason of the simple fact that His Highness the Shaikh
of Bahrain may be unable 6r may decline to readjust himself
to the four or five
lakh
One lakh is equal to one hundred thousand rupees
standard of living after the plea
sures of a 15
lakh
One lakh is equal to one hundred thousand rupees
interval. Accordingly I enquired from
Belgrave whether His Highness is putting anything aside
J*
from his share of the royalties and he told me, much to
my relief, that he had induced the Shaikh to invest 5
lakhs
One lakh is equal to one hundred thousand rupees
this year. It may be remarked in parenthesis that His High
ness is thoroughly disgusted with the miserable interest
accruing from British Government Stock as he had apparently
expected at least 10 per cent on his money' However, the
money has been invested this year, and Belgrave intends to
do his best to induce His Highness to continue the good
work in future. So long as he is successful it is, of
course, neither necessary nor desirable that we should
butt in officially; but I suggest that we should make
unofficial enquiries every year from Belgrave and should
be prepared, if His Highness declines Belgrave's advice,
to exert all possible effort ourselves to ensure a steadily
mounting private reserve.
2. Though no action is necessary at present, it is, I
think, desirable to ensure that this particular matter is
kept prominently in view.
'he Hon'ble Mr. O.K. Caroe, C.I.E., I.C.S.,
Political Resident
A senior ranking political representative (equivalent to a Consul General) from the diplomatic corps of the Government of India or one of its subordinate provincial governments, in charge of a Political Residency.
in the
Persian Gulf
The historical term used to describe the body of water between the Arabian Peninsula and Iran.
,
Bushire,
About this item
- Content
This file contains detailed financial records and Bahrain Government budget, revenue and expenditure reports for the years 1937 until 1941 (hijri years 1356 - 1360).
The file contains extensive correspondence regarding the alleged profligacy of Shaikh Hamad bin Isa Al Khalifa (and his request for an increase in the size of his and his family's allowances) and a discussion regarding how the state's oil royalties are allocated.
The establishment of a national reserve fund for Bahrain is also dicussed at length in the file.
- Extent and format
- 1 volume (254 folios)
- Arrangement
File is arranged in chronological order, from earliest at beginning of the file to most recent at end.
There is an index of the topics contained in the file on folio 2. The index uses page numbers relating to the uncircled foliation system that begins on folio 3.
- Physical characteristics
A bound correspondence volume. Foliation starts on first page of text, top right hand circled number, and ends on the last page of text in the volume. The volume has a second, uncircled, foliation system from folio 3 - 241.
- Written in
- English in Latin script View the complete information for this record
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Copyright: How to use this content
- Reference
- IOR/R/15/1/354
- Title
- 'File 19/176 V (C 81) Bahrain Finances'
- Pages
- front, back, spine, edge, head, tail, front-i, i-r:i-v, 1r:52v, 54v:128v, 129v:151v, 152v:178v, 179v:180v, 183v, 184v:197v, 198v:212v, 214v:254v, ii-r:iv-v, back-i
- Author
- East India Company, the Board of Control, the India Office, or other British Government Department
- Usage terms
- Open Government Licence