A.—B

1944 NEW ZEALAND

UNITED NATIONS MONETARY AND FINANCIAL CONFERENCE BRETTON WOODS, NEW HAMPSHIRE, U.S.A., 1st JULY TO 22nd JULY, 1944

Presented to both Houses of the General Assembly by Leave

CONTENTS

1. Report by the New Zealand Delegation— page (a) Introductory .. .. .. .. .. .. .. .. 2 (b) Organization and Method of Proceedings .. .. .. .. .. 2 (c) Commentary on International Monetary Fund .. . . .. . . .. 2 ((/) Commentary on International Bank for Reconstruction and Development .. 7 (e) Commentary on other Measures for International Financial Co-operation .. .. 8 (/) Relationship between the Proposals dealt with by the Conference .. .. 9 (g) Appendices to Report . . .. .. .. . . .. 10 (A) Invitation to the Conference .. .. .. .. .. 10 (B) Fund Quotas and Bank Subscriptions expressed in New Zealand Currency 11 (C) Voting-power .. .. .. .. .. .. 12 2. Text of Final Act .. .. .. .. .. .. .. .. 1.3 Annex A.™ Articles of Agreement of the International Monetary Fund .. .. 19 Annex B.—Articles of Agreement of the International Bank for Reconstruction and Development .. . . .. . . . . .. . . 38 Annex C.—Summary of Agreements .. .. .. .. .. 53

REPORT BY NEW ZEALAND DELEGATION The following Delegation was appointed by the New Zealand Government to represent it at the Conference: — Delegates— Walter Nash, Minister of Finance; Minister to the United States (Chairman). B. C. Ashwin,' Secretary to the Treasury. E. C. Fussell, Deputy-Governor, Reserve Bank of New Zealand. A. G. B. Fisher, Counsellor, New Zealand Legation, Washington. Adviser and Secretary— B. R. Turner, Second Secretary, New Zealand Legation, Washington,

I—A. 8