413 

 Ordinary Budget 



ARTICLE 2 



(a) The budget shall be established for five years and calculated 

 on the basis of the gold franc adopted by the International Monetary 

 Convention of 1885 ;[^] namely, 1 gold franc = 0.290 322 58 gr. or 

 0.009 334 086 5 ounces troy of fine gold. 



(b) The financial year of the Bureau shall coincide with the 

 Gregorian calendar year. 



ARTICLE 3 



Any balancing of income and expenditure shall be prohibited in 

 the presenting of the budget. 



ARTICLE 4 



The annual contributions of Governments Parties to the Conven- 

 tion shall be based on the standard of the gold franc as defined in 

 article 2 and shall be paid into the Bureau's bank accounts. Such 

 contributions shall be fixed by the following rules : 



(a) Each Government shall subscribe two shares of 2,000 gold 

 francs each; 



(b) Those Governments which have 100,000 gross tons of shipping 

 or more shall contribute supplementary shares of the same value in 

 accordance with the following scale : 



Supplementary Shares 

 Gross tonnage {2,000 gold francs each) 



100,000-249,999 1 



250,000-454,999 2 



455,000-719,999 3 



720,000-1,049,999 4 



1,050,000-1,449,999 5 



1,450,000-1,924,999 6 



1,925,000-2,479,999 7 



2,480,000-3,119,999 8 



3,120,000-3,849,999 9 



3,850,000-4,674,999 10 



4,675,000-5,599,999 11 



5,600,000-6,629,999 12 



6,630,000-7,769,999 13 



7,770,000-9,024,999 14 



9,025,000-10,399,999 15 



10,400,000-11,899,999 16 



11,900,000-13,529,999 17 



13,530,000-15,294,999 18 



15,295,000-17,199,999 19 



17,200,000-19,249,999 20 



19,250,000-21,449,999 21 



21,450,000-23,804,999 ^ 22 



23,805,000-26,319,999 23 



26,320,000-28,999,999 24 



29,000,000 and above (max.) 25 



1 76 British Foreign and State Papers, p. 315. 



