4
designate, in addition to its
alternate
representative,
such
and advisers as it deems
representatives
This Rule would accommodate any form of
necessary.
representation which would be appropriate for the Hong
Kong Government before 1997
or the SAR
Government
thereafter.
6.
Article V(a) of the Agreement provides in effect
that the financial interest in INTELSAT of each Signatory
shall be in proportion to its investment share. Article
V(b) of the Agreement and Article 6(a) of the Operating
Agreement provide as a general principle that each
Signatory shall have an investment share in INTELSAT equal
to its percentage of all utilization of the INTELSAT space
Article 6(b) of the Operating
calculation of a
segment by all Signatories.
Agreement provides a method of
Signatory's utilization of the space segment. Article
IX(b) (iii) of the Agreement provides a method for
determining the minimum investment share in INTELSAT which
entitles a Signatory to be represented by a Governor on
the Board of Governors. The Board is responsible for the
design,
establishment,
development,
construction,
operation and maintenance of the INTELSAT space segment
(Agreement, Article X(a)). By virtue of its current
investment share, the UK Signatory is entitled to be
represented on the Board of Governors. The PRC Signatory
is also currently represented on the Board of Governors.
It should be noted
that,
under
arrangements for