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ARTICLE 18

To ensure the financial stability of the Bureau, and to avoid any treasury difficulties, the Bureau shall have at its disposal a working capital, the amount of which shall correspond, at the beginning of each year, to not less than half the total annual contributions of Member Governments.

RESERVE FUND
ARTICLE 19

The Bureau shall have at its disposal a reserve fund, the amount of which shall be fixed by the Conference. This fund is exclusively designed to enable the Organisation to meet extraordinary expenditure. It shall only be used in exceptional circumstances.

CONTROL
ARTICLE 20

Every year the Directing Committee shall submit to the Member Governments a report on the financial administration over the past financial year. At the same time, the Directing Committee shall give information on the value of the movable and immovable property of the Organisation.

ARTICLE 21

The external auditor designated under the terms of article 14 of the General Regulations shall ensure that expenditures are appropriate and conform to the directives given by the Conference and that they are correctly entered into the books. Such auditing may be carried out at any time.

DISSOLUTION

ARTICLE 22

In the event of dissolution, the balance of the accounts of the Organisation shall be divided amongst the Governments which are still Parties to the Convention on the day when the latter ceases to have effect. Any credit balance shall be divided amongst these Governments in proportion to the total amount of their contributions since 1921. Any debit balance shall be divided amongst these Governments in proportion to their last annual contribution.

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Amendments to the Convention on
the International Hydrographic
Organisation, Monaco, 1987

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The Office of the Director of the Foreign Relations Service of the Principality of Monaco presents its compliments to the Ministries of Foreign Affairs of the States Party to the aforementioned Convention and has the honor to recall that, during the Thirteenth International Hydrographic Conference held at Monaco May 5-15, 1987, a proposed amendment to Article X(2) of the Convention was approved.

This proposal of amendment resulted from Decision No. 5 of the Conference, which reads as follows insofar as the Convention is concerned:

Article X(2) of the Convention

Delete the first sentence and replace it with the following text:

"The Directing Committee shall be composed of three Directors, one the President and two other Directors, each of different nationality, elected by the Conference. The Conference shall first elect the President and then the other two Directors."

Under the terms of Article XXI(2 and 3) of the Convention:

"Proposals of amendment shall be considered by the Conference and decided upon by a majority of two thirds of the Member Governments represented at the Conference. When a proposed amendment has been approved by the Conference, the President of the Directing Committee shall request the Government of the Principality of Monaco to submit it to all Contracting Parties.

"The amendment shall enter into force for all Contracting Parties three months after notifications of approval by two thirds of the Contracting Parties have been received by the Government of the Principality of Monaco. The latter shall inform the Contracting Parties and the President of the Directing Committee of the fact, specifying the date of entry into force of the amendment."

In conformity with the provisions shown above, the Office of the Director of the Foreign Relations Service of the Principality of Monaco would be most obliged if the Ministries of Foreign Affairs of the States Party to the Convention on the International Hydrographic Organization would notify it whether the proposal of amendment in question receives the approval of their Governments.

The Office of the Director avails itself of this opportunity to renew to them the assurances of its high consideration.

Monaco, May 6, 1988

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Agreement Relating to the Conduct of a Joint Programme of Marine Geoscientific Research and Mineral Resource Studies of the South Pacific Region, Washington, 1984

Done at Washington 19 September 1984

Entered into force 19 September 1984*

Primary source citation: TIAS 11395

AGREEMENT BETWEEN THE GOVERNMENTS OF UNITED STATES OF AMERICA, AUSTRALIA AND NEW ZEALAND IN COOPERATION WITH THE COMMITTEE FOR THE COORDINATION OF JOINT PROSPECTING FOR MINERAL RESOURCES IN SOUTH PACIFIC OFFSHORE AREAS RELATING TO THE CONDUCT OF A JOINT PROGRAMME OF MARINE GEOSCIENTIFIC RESEARCH AND MINERAL RESOURCE STUDIES OF THE SOUTH PACIFIC REGION

SECOND PHASE

The Governments of the United States of America, Australia and New Zealand (hereinafter referred to as the Parties) in cooperation with the Committee for the Coordination of Joint Prospecting for Mineral Resources in South Pacific Offshore Areas (CCOP/SOPAC):

Recalling that interested Pacific Island countries, namely the Cook Islands, Fiji, Kiribati, Papua New Guinea, Solomon Islands, the Kingdom of Tonga, Tuvalu, Vanuatu and Western Samoa have requested CCOP/SOPAC to initiate a second phase of programmes of geoscientific investigations with respect to the hydrocarbon and mineral potential of the ocean floor in the South Pacific Ocean (hereinafter referred to as the "Second Phase of the Joint Programme");

Recognizing that CCOP/SOPAC has sought the assistance of the Governments of the United States, Australia and New Zealand in funding and implementing the Second Phase of the Joint Programme;

Noting that the member Governments of CCOP/SOPAC at their eleventh meeting at Wellington in November 1982 identified in Annex VI of the proceedings of the meeting certain basic guidelines and priorities for the Second Phase of the Joint Programme;

*This Agreement expired on 19 September 1987.

Noting further that CCOP/SOPAC has indicated its willingness to contribute to and cooperate in the Second Phase of the Joint Programme and that details of its participation are contained in Annex A to this Agreement; and

Convinced that the Second Phase of the Joint Programme represents a significant expansion of hydrocarbon and mineral exploration activities being conducted for the benefit of Pacific Island countries;

Have agreed as follows:

ARTICLE I

The Parties shall establish and maintain the Second Phase of the Joint Programme in accordance with the provisions of this Agreement and the scientific and technical programmes set out in Annex B to this Agreement.

ARTICLE II

The objectives of the Second Phase of the Joint Programme shall be consistent with those identified in the First Phase, and shall be specifically:

(a) To assist interested Pacific Island countries to investigate the mineral potential, including hydrocarbons, of the shelves, platforms, and ocean floor in the South Pacific Ocean;

(b) To take account of survey work, data reassessment and CCOP/SOPAC programmes to design ocean and related land research programmes in the South Pacific region focusing on:

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(c)

(iii)

To provide advanced ocean research vessels and teams of skilled scientific manpower and technicians, drawing upon combined resources available to the Signatories with highest available and suitable level of technological inputs, advanced scientific equipment, data processing facilities, laboratory and office work, data interpretation and reporting of final analyses;

(d)

To provide opportunities to scientists and trainees from interested Pacific Island countries in whose areas research is conducted for involvement in data collection, processing, and analysis;

(e)

To arrange a continuing framework of consultations among the Parties enabling adequate monitoring, evaluation, and review of the Second Phase of the Joint Programme to provide for consideration of the need for further investigations, modifications and extensions in specified areas;

(f)

To provide end-data in readily usable form under distribution and copyright arrangements agreed between the Parties and acceptable to the interested Pacific Island countries.

ARTICLE III

The Second Phase of the Joint Programme shall commence in 1984 and include three advanced marine geoscientific research cruises and related land work as follows:

(a) The programme of R/V S.P. Lee shall consist of a 90-day marine geophysical and geological cruise to investigate the hydrocarbon potential of selected areas offshore of Tonga, Fiji, Vanuatu, Solomon Islands and Papua New Guinea. Offshore investigations shall include collection of geophysical data with multi-channel and single channel, deep penetration and high resolution, continuous seismic-reflection, magnetic and gravimetric profiling systems. Where

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