Displaying 1 - 12 of 12

Paragraphs in "Northeast Atlantic Fisheries Convention" coded as FINAD

Label Provision
Art.4 Article 4
Art.4.1 1. Each Contracting State shall pay the expense of the Commissioners, experts and advisers appointed by it.
Art.4.2 2. The Commission shall prepare an annual budget of the proposed expenditures of the Commission.
Art.4.3 3. In any year in which the annual budget amounts to 200 pounds or less for each Contracting State the total sum shall be shared equally between Contracting States.
Art.4.4 4. In any year in which the annual budget exceeds 200 pounds for each Contracting State, the Commission shall calculate the payments due from each Contracting State according to the following formula:
Art.4.4.a a) from the budget there shall be deducted a sum of 200 pounds for each Contracting State;
Art.4.4.b b) the remainder shall be divided into such number of equal shares as correspond to the total number of Regional Committee memberships;
Art.4.4.c c) the payment due from any Contracting State shall be the equivalent of 200 pounds plus the number of shares equal to the number of Regional Committees in which that State participates.
Art.4.5 5. The Commission shall notify to each Contracting State the sum due from that State as calculated under paragraph (3) or (4) of this Article and as soon as possible thereafter each Contracting State shall pay to the Commission the sum so notified.
Art.4.6 6. Contributions shall be payable in the currency of the country in which the Office of the Commission is located, except that the Commission may accept payment in the currencies in which it may be expected that expenditures of the Commission will be made from time to time, up to an amount established each year by the Commission when preparing the annual budget.
Art.4.7 7. At its first meeting the Commission shall approve a budget for the balance of the first financial year in which the Commission functions and shall transmit to the Contracting States copies of that budget together with notices of their respective contributions as assessed under paragraph (3) or (4) of this Article.
Art.4.8 8. In subsequent financial years, the Commission shall submit to each Contracting State drafts of 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.