187 



be the equivalent of 500 United States dollars plus the number of 

 shares equal to the number of Panels in which that Government 

 participates. 



4. The Commission shall notify each Contracting Government the 

 sum due from that Government as calculated under paragraph 3 of this 

 Article and as soon as possible thereafter each Contracting Govern- 

 ment shall pay to the Commission the sum so notified. 



5. The annual special projects budget shall be allocated to the Con- 

 tracting Governments according to a scale to be determined by agree- 

 ment among the Contracting Governments, and the sums so allocated 

 to any Contracting Government shall be paid to the Commission by 

 that Government. 



6. Contributions shall be payable in the currency of the country in 

 which the seat of the Commission is located, except that the Commis- 

 sion may accept payment in the currencies in which it may be antici- 

 pated that expenditures of the Commission will be made from time to 

 time, up to an amount established each year by the Commission in con- 

 nection with the preparation of the annual budgets. 



7. At its first meeting the Commission shall approve an adminstra- 

 tive budget for the balance of the first financial year in which the Com- 

 mission functions and shall transmit to the Contracting Governments 

 copies of that budget together with notices of their respective alloca- 

 tions. 



8. In subsequent financial years, the Conmiission shall submit to 

 each Contracting Government drafts of the annual budgets together 

 with a schedule of allocations, not less than six weeks before the annual 

 meeting of the Commission at which the budgets are to be considered. 



Article XII 



The Contracting Governments agree to take such action as may be 

 necessary to make effective the provisions of this Convention and to 

 implement any proposals which become effective under paragraph 8 

 of Article Vltl. Each Contracting Government shall transmit to the 

 Commission a statement of the action taken by it for these purposes. 



Article XIII 



The Contracting Governments agree to invite the attention of any 

 Government not a party to this Convention to any matter relating to 

 the fishing activities in the Convention area of the nationals or vessels 

 of that Government which apear to affect adversely the operations 

 of the Commission or the carrying out of the objectives of this Con- 

 vention. 



Article XIV 



The Annex, as attached to this Convention and as modified from 

 time to time, forms an integral part of this Convention. 



Article XV 



1. This Convention shall be ratified by the signatory Governments 

 and the instruments of ratification shall be deposited with the Gov- 

 ernment of the United States of America, referred to in this Conven- 

 tion as the "Depositary Government". 



