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Home , September 1960, September 1961

RESTRICTED GENERAL AGREEMENT ON 13 TARIFFS AND TRADE Limited Distribution

CONTRACTING PARTIES Nineteenth Session

FINANCIAL POSITION AS AT 30

Report by the Executive Secretary

1. In accordance with paragraph 4 of the Resolution approved by the CONTRACTING PARTIES on 18 , the Ekecutive Secretary has the honour to report on the status of budgetary expenditure including advances made to date from the Working Capital Fund. The report contains information on budgetary INTRODUCTIONandI. extra-budgetary expenditure up to 3) September 1961, budgetary income received during the first nine months of 1961 and the status of accounts receivable.. II. EXPENDITURE FOR THE PERIOD 1 JANUARY-30 SEPTEMBER 1961 2.. Disbursements up to 30 September 1961 amount to US^S607,554.62.. 3. Excess expenditure is anticipated on Part I Section 2 .- Meetings of the Council and Other Meetings, Part II Section 1 (ii) - Temporary Assistance and (iii) - Travel on Official Business, Section 2 (iii) - Separation Payments arid (vi) - Repatriation Grants7. Section 3 (iv)i) - Casual Labour and (vi) - Stationery and Office Supplies, and Part III - Tariff Conference. 4-. It will however be possible to cover such excess expenditure by transfers within and between sections of the budget. 5. As far as can be foreseen at present, the financial year will close with a surplus, due in particular to savings on Part I Section 1 - Sessions of the CONTRICTINGPARTIES, Part II Section 1 - Salaries and Wages and Official Travel and Section 2 - Common Staff Costs. 6.. In accordance with t.he Decision taken by the CONTRACTING PARTIES at the seventeenth session, the final position regarding the .appropriationsavings...^of of se-Fi.-fgs, transfer of creditos between sections f the budget and advances from the Working Capital Fund, will be reported as soon as possible after the. closure of the financial year.. L/1607 Page 2

III. INCOME RECEIVED DURING THE PERIOD 1 JANUARY/30 SEPTEMBER 1961

BUDGETARYINCOME (US Dollars)

Income Budget Receipts up for 1961 to 30.9,61. Per cent Contributions 1961 1,000,'000.00 943,792.66 94.38 .Miscellaneous income 13,000 .02 19,367.56 148.98 Transfer from the Repatriation Grant Fund 26 104.00 26,104.00 100.00 1,039,104.02 989,.264.22 95.20

Extra Budgetary Income Contributions assessed on Poland 12,220.00 1,039.104.02 1,001 484.22 96.38

Income7. received up to the ena. o September, including extra budgetary income, amounted to 96.38 per cent of the Income Budget. The corresponding figure was 97.16 per cent in 1960. Receipts on account of Miscellaneous Income do not include any non-recurrent income. L/1607 Page 3

IV. RECEIPTS OF CONTRIBUTIONS

8 . The following table contains a statement of the contributions due on l for various financial years and the amounts received up to 30 and during each following month: CONRIBUTIONS RECEIVED IN 1961 (US Dollars)

Current contributions 1949/1951 1959 1960 Contributions due on 1.1.61 1,000,000.00 ..19,689.40 371.90 4,948.19 12,220.00*)

Contributions received. up to 30.4.61 741,073.28 5.41 in May 61,640.00 in June 84,026.72 979.00 in July 5 ,000.00 154.18 in August 29,600.00 in September 34,672.66 956,012.66 - - 1,138.59

*) Contribution assessed on Poland which. country acceded during the seventeenth session.

9. By April 1961, the current contributions received corresponded to 73.21 per cent of the assessment (against 78.12 per cent in 1960 and 50.82 per cent in 1959) ,. and by the end of September 1961, 94.45 per cent of the contributions assessed were remitted (as compared with 95.44 per cent in 1960). L/1607 Page 4

V. ACCOUNTS RECEIVABLE

ACCOUNTSRECEIVABLE (US Dollars) Contributions Contributions for current for previous year year 'Iiscellaneous notal 31 December 1949 21,665.96 4,023.95 25,689.19. 31 December 1950 62,902.08 5,550.00 474.76 68, 926 .84 31 December 1951 45 ,518 ,20 31,154-30 4,146.03 80,818.53 31 December 1952 5,338.50 25, 927.08 7,198.92 38 464.50 31 December 1953 28,404,12 28,596,33 1,664-61 58; 665 ,06 31 December 1954- 11,350.90 26,239.83 1,152.79 38,743-52 32 18,000,00 29 ,239 .83 .7,806.07 55,045.90 31 December 1956 14,112.00 25 ,485.89 4,122.92 43,720 .87 31 December 1957 4,980.57 19,689.40. 7,389.55 32,059.52 31 December 1958 8,760.00 19,699.97 4,464.77 32,924.74 31 17,026.50 19,709.97 7,047.84 43,784.31 31 4.,943 .19 20,061.30 25,698 025 50,707*74 30 September 1961 56,207.34 23,870.90 19,460.84 99,539.08 30 30,704.59 27,502.87 4,7.'3.54 62,921.00 VI. CONTRIBUTIONSINARREARS 3UTI01S IN AREaAS 10.. (a). Contributions due by countries having withdrawn from the Agreement As resrcithose countries the situation has not changed since last year. Chin$1still owes USN14,351.72 and US$5,337.68. (b) Contributions due by contracting Parties The following table contains a statement of contributions due as at 30 September 1961. CONTRIBOTIOAS DUE BPARTIES AS AT 30SEPTEMBER 1961SEiOR 1961 (US Dollars) Contributions Contributions Contributions for 1959 for 1960 or 1961 Bunma 860 .00 Chile 23.00 5,000,00 Dominican Republic 518.00 5000.00 Haiti 371.90 19.13 5,00000 Indonesia 7,540*00 TapaL 17.34 6.,620.00 Nicaragua 5,000.00 2,349.47 5,000.,00 Argentina 900 r00 11,230.00 Tunisia 4,940.00 371.90 3,809.60 56,277.34 L/1607 Page 5

11. The following contributions have been received by the secretariat since 30 September 1961: US,17.34 (Balance); federation of Malaya US$6,620.00; Nicaragua US.',5,000.00; Tunisia US$4-,940.00. 12. Current contributions - After the adoption of the budget at the seventeenth session the Executive Secretary notified the governments of the amounts of their contributions for 1961. Reminders were sent in July and October to governments which had no' paid their contributions at that time. VII. WORKING CAPITAL FUND 13. The advance to the Working Capital Fund assessed in 1960 on the Goverrnment of Argentina (US$2,276.00) is still outstanding.. 14. Advances withdraiin froai the Working Capital Fund in 1959 (US$8,375.02) and in 1960 (US$25.000.00) were repaid on 24 and 25 respectively documentss L/1367 and L/1440).

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