Help with small Batik India paintings, initials on back

[terpntique]

I am curious about the initials and date on the back.  Could this be the artist's initials and year?Thanks as always.  

[terpntique]

Left one says C.M. 1903 and the right says C.M. 1903 = 4

[maxine*j]

I would be amazed if these date to the early 1900s.  To my eye, they look contemporary, not very old at all, especially the one of Taj Mahal.

[terpntique]

Thanks Maxine!