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Art.11 |
Article XI |
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Art.11.1 |
1. Each Contracting Government shall pay the expenses of the Commissioners, experts and advisers appointed by it. |
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Art.11.2 |
2. The Commission shall prepare an annual administrative budget of the proposed necessary administrative expenditures of the Commission and an annual special projects budget of proposed expenditures on special studies and investigations to be undertaken by or on behalf of the Commission pursuant to Article VI or by or on behalf of any Panel pursuant to Article VII. |
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Art.11.3 |
3. The Commission shall calculate the payments due from each Contracting Government under the annual administrative budget according to the following formula : |
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Art.11.3.a |
(a) from the administrative budget there shall be deducted a sum of 500 United States dollars for each Contracting Government; |
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Art.11.3.b |
(b) the remainder shall be divided into such number of equal shares as corresponds to the total number of Panel memberships; |
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Art.11.3.c |
(c) the payment due form any Contracting Government shall be the equivalent of 500 United States dollars plus the number of shares equal to the number of Panels in which that Government participates. |
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Art.11.4 |
4. The Commission shall notify each Contracting Government the sum due from that Government as calculated under paragraph 3 of this Article and as soon as possible thereafter each Contracting Government shall pay to the Commission the sum so notified. |
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Art.11.5 |
5. The annual special projects budget shall be allocated to the Contracting Governments according to a scale to be determined by agreement among the Contracting Governments, and the sums so allocated to any Contracting Government shall be paid to the Commission by that Government. |
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Art.11.6 |
6. Contributions shall be payable in the currency of the country in which the seat of the Commission is located, except that the Commission may accept payment in the currencies in which it may be anticipated that expenditures of the Commission will be made from time to time, up to an amount established each year by the Commission in connection with the preparation of the annual budgets. |
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Art.11.7 |
7. At its first meeting the Commission shall approve an administrative budget for the balance of the first financial year in which the Commission functions and shall transmit to the Contracting Governments copies' of that budget together with notices of their respective allocations. |
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Art.11.8 |
8. In subsequent financial years, the Commission shall submit to each Contracting Government drafts of the annual budgets together with a schedule of allocations, not less than six weeks before the annual meeting of the Commission at which the budgets are to be considered. |
