415 



ARTICLE 11 



After the close of the financial period corresponding to a budget, 

 no further financial obligations under it may be incurred. Outstand- 

 ing obligations may be met for a further period of three months. 



Treasury — Working Capital 



ARTICLE 12 



All Bureau funds shall be under the control of the Directing Com- 

 mittee. No expenditure exceeding 1,000 gold francs may be incurred 

 without the prior approval of one of the members of the Directing 

 Committee. Payments exceeding 10,000 gold francs require the prior 

 approval of the full Committee. 



ARTICLE 13 



(a) Governments' annual contributions to the ordinary budget as 

 specified in Article 4 shall be due on 1 January of the corresponding 

 financial year. Payment must be punctual. 



(b) The rate of exchange to be applied is that on the date of dis- 

 patch of the contribution ; notice of such date must be promptly given 

 to the Bureau. 



ARTICLE 14 



A Government acceding to the Convention shall be liable to pay its 

 contribution for that year only if its accession takes effect before 1 

 July. If its accession takes effect on or after that date it shall be liable 

 only for half that contribution. 



ARTICLE 15 



Outstanding contributions shall be shown in a table annexed to the 

 report on financial administration which is submitted to the Finance 

 Committee by the Directing Committee. 



ARTICLE IG 



The suspension of the rights of a Member Government pursuant to 

 the provisions of Article XV of the Convention shall be notified by 

 the Directing Committee to the Government concerned on or shortly 

 after 1 July of the year in which a third annual contribution would 

 be due. Any Member Government thus deprived of its rights of mem- 

 bership shall remain obligated to the Bureau for the two years' con- 

 tributions outstanding at the time of suspension. 



ARTICLE 17 



(a) Any Member Government which pays only part of its contri- 

 bution shall be given two years in which to make good the deficit, 

 starting from the first notice given by the Bureau. At the end of this 



