'File 19/176 V (C 81) Bahrain Finances' [29r] (66/524)
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/-
Alternatively
Hs. 3§
lakhs
One lakh is equal to one hundred thousand rupees
and Hs* 3
lakhs
One lakh is equal to one hundred thousand rupees
,
♦ i.e. excluding
His Highness*
share.
inclination, is to forestall criticism or agita
tion. It may take some time to work out program
mes, but to begin with it would be as well to con*
template an annual expenditure for several years
of Hs. 2%
lakhs
One lakh is equal to one hundred thousand rupees
on new schemes. Actually the
figure may vary greatly from year to year, but I
suggest this as a working figure.
C. It follows then that while the Reserve
is being created over a period of - say - 15 years,
the State will probably be charging an average of
♦ ♦
Hs. 4
lakhs
One lakh is equal to one hundred thousand rupees
plus Es. 2^
lakhs
One lakh is equal to one hundred thousand rupees
against (i) oil ro
yalties and (ii) interest on invested royalties
(the latter being an annual^ increasing sum).
IV. Suggestions .
I suggest therefore that, for the
purpose of framing a programme, the following
assumptions be drawn: -
1. Total State* receipts from
Royalties over probable
period of 15 years
# « # # •
2. Total sum required for
investment, «
3. Total sum required to
balance budget during
"building" period of
15 years. «
4. Total sum available
from Royalties for
expenditure during
period in which Re
serve is being created.
5. Expected total interest
in same period on invest
ments (not including sum
Invested to end of last
financial year as this is
already taken into account
in current budget) - not
less than ,
6. Balance (4 plus 5 minus 3)
wKksdts&±K±scmdatMfor unfore
seen liabilities and defici
encies - roughly .,
Rs.293
Lakhs
One lakh is equal to one hundred thousand rupees
Rs.187
lakhs
One lakh is equal to one hundred thousand rupees
Hs. 97£
lakhs
One lakh is equal to one hundred thousand rupees
.
Rs.106
lakhs
One lakh is equal to one hundred thousand rupees
Hs. 40
lakhs
One lakh is equal to one hundred thousand rupees
Hs. 49
lakhs
One lakh is equal to one hundred thousand rupees
.
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