262 



provided by the Governments in accordance with paragraph 16 above, 

 is detailed in the Plan of Expenditure contained in the annexed docu- 

 ment "Work Plan and Plan of Expenditure". Funds will be provided 

 by the Special Fund and the Government as indicated below : 



Allocation by the Special Fund (Appendix I) US$2,548,400 



consisting of: 



Special Fund contribution US$1,775,600 



Governments' counterpart contribution in cash US$ 772,800 



IV. Reports 



46. The Executing Agency shall submit to the Participating Govern- 

 ments an inception report covering the first year's plan of work to be 

 supplied once the Work Plan and Plan of Expenditure has been 

 signed. 



4Y. The Executing Agency shall submit to the Participating Govern- 

 ments once each year a report on the expenditure incurred out of the 

 Governments' cash payments to the Special Fund for counterpart 

 expenditure referred to in paragraph 14 above. 



48. As soon as possible after the conclusion of project operations, 

 and not later than six months from that date, the Executing Agency 

 will submit a final comprehensive report on the project to the Manag- 

 ing Director of the Special Fund for presentation to the Governments. 



49. At the end of each calendar year the Governments and the Exe- 

 cuting Agency shall submit a joint certified inventory of project 

 equipment purchased from the Special Fund allocation and for which 

 title remains with the Executing Agency on behalf of the Special 

 Fund. 



V. Steps To Be Taken at the Completion or Special Fund 



Assistance to the Project 



50. It is expected that the project will indicate the availability of 

 resources, particularly of palagic fish, and the best methods of utiliz- 

 ing such resources ; will assist by demonstration in improving fishery 

 products and their marketing and distribution; and will build up a 

 nucleus of trained fishery officers and masterfishermen. In addition, 

 financial advice will be given on the most appropriate ways of secur- 

 ing the capital that will be required to take advantage of the lessons 

 taught by the project. The Participating Governments agree to take 

 appropriate steps for the application of the results of the project in 

 developing their national fishing industries and in improving inter- 

 country co-operation in fishing matters by the setting up of appro- 

 priate co-ordination machinery ; by assisting the industry to improve 

 its fishing vessels, gear and equipment ; by facilitating improved mar- 

 keting of fish, both for domestic and for export consumption ; and by 

 utilizing in appropriate appointments the trained fishery officers pro- 

 duced by the project. 



51. At the successful conclusion of the project, the Governments, the 

 Executing Agency and the Special Fund will consult with a view to 

 determining the most appropriate form of disposal of the equipment 

 held at that time by the Executing Agency on behalf of the Special 

 Fund. 



