DRAFT
RESTRICTED
Spec (86) 28
May 1986
ADMINISTRATIVE AND FINANCIAL QUESTIONS
Assessment of Additional Contribution to the 1986 Budget
and Advance to the Working Capital Fund
1. Consequent to Hong Kong's being deemed to be a contracting party to the GATT with effect from 23 April 1986 (document L/5986), it is proposed that a contribution to the 1986 budget amounting to Sw F 618,460 be assessed on Hong Kong. This assessment, calculated on a pro rata basis as from 23 April 1986, represents a contribution of 1.52 per cent and is based on the International Monetary Fund's figures for Hong Kong's foreign trade in 1982, 1983 and 1984.
2. Moreover, as the United Kingdom contribution to the 1986 budget approved by the CONTRACTING PARTIES at their Forty-first session included a contribution on behalf of Hong Kong of Sw F 618,460 for the period 23 April through 31 December 1986, it is proposed to adjust the United Kingdom contribution from Sw F 4,461,200 to Sw F 3,842,740.
3. In conformity with the Rules governing the use of the Working Capital Fund, a country admitted to the General Agreement shall make an advance to the Working Capital Fund in accordance with the scale of contributions applicable to the budget of the year of its admission. Such advances shall be carried to the credit of the contracting parties which have made them.
On the basis of the level of the Working Capital Fund of Sw F 3,044,290 on 23 April 1986, it is proposed to assess an amount of Sw F 46,300 on Hong Kong as an advance to the Fund.
4.
86BC3/M