946 



7. The Board shall act as an intermediary between the claimant and 

 the respondent and, at any stage of its considerations of a claim, may 

 approach the claimant and the respondent to try to bring about a con- 



8. The appropriate authorities of the two Governments shall facili- 

 tate the work of the Board. 



Article IV 



1. On the basis of the evidence submitted and heard and of its dis- 

 cussions thereof, the Board shall prepare a report containing its find- 

 ings as to : 



( a ) the facts giving rise to the claim ; 



(b) the extent of damage and loss ; 



(c) the degree of respondent's and claimant's responsibility, if 

 any ; and 



(d) the amount, if any, which should be paid by respondent or 

 claimant as compensation for damage and loss arising from the 

 incident. 



2. If the Board has not unanimously adopted the findings, this shall 

 be stated in the report, along with a detailed account of each Board 

 member's opinion. 



3. The Board shall reach a decision on the claim within sixty days 

 after it has collected all the evidence it deems necessary and then shall 

 without delay transmit its report to the claimant, the respondent, and 

 the appropriate authorities of the two Governments. If the Board is of 

 the opinion that one of the parties should pay compensation, the Board 

 shall address a recommendation to that effect to the party concerned. 



4. Within thirty days after receipt of the Board's report, either the' 

 claimant or the respondent may request in writing that the Board 

 reconsider its report. The request shall set forth the reasons for the 

 request and material substantiating the request. The Board may de- 

 cide to reconsider its report and, if it deems approT^riate, receive new 

 evidence or convene a rehearing, or both. Article III procedures will 

 be applicable to the reconsideration. 



5. The appropriate authorities of the two Governments undertake to 

 encourage settlement of claims and to facilitate payments thereof in 

 accordance with the findings of the Board and with the applicable 

 domestic laws. 



6. Within sixty days of receipt of the Board's report, the appropri- 

 ate authorities of each Government shall inform the Board of the 

 actions taken by the claimant or the respondent pursuant to the 

 Board's findings. 



7. If the Board has not arrived at a unanimous finding, if one of the 

 parties to the coliciliation proceeding refuses to settle in accordance 

 with the findings of the Board, or if conciliation is not possible, the 

 Board shall encourage the parties to submit the dispute to arbitration. 



Article V 



1. At the request of both parties to a dispute, a Board may arbitrate 

 instead of conciliate a claim advanced by a national of one country 

 against a national of the other country regarding financial loss result- 



