TNAG-1493-FCO40-2051-Future-of-Hong-Kong-General-Agreement-on-Tariffs-and-Trade-(-1986 — Page 79

GENERAL AGREEMENT ON

THA FS AND TRADE

RESTRICTED

May 1986

Limited Distribution

ASSESSMENT OF ADDITIONAL CONTRIBUTION TO THE 1986 BUDGET

AND ADVANCE TO THE WORKING CAPITAL FUND

Note by the Director-General

1. Following the accession to the GATT of Hong Kong on 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 this country. This assessment, calculated on a pro rata basis as from 23

from 23 April 1986, represents contribution of 1.52 per cent and is based on this country's foreign trade figures of 1982, 1983 and 1984.

a

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 acceding 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 accession. Such advances shall be carried to the credit of the contracting parties which have made them.

4. 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.

Points for decision:

Paragraph 1 Paragraph 2

Paragraph 4

86BC3/M

./.