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48. There shall be established, to meet the expenses of the Commission, 3. fund to which each participating Government undertakes, subject to the requirements of its constitutional procedure, to contribute promptly its proportion of the estimated expenditure of the Commission, as determined in the annual administrative budget and in any supplementary "budgets adopted by the Commission. 49. The expenses of the Commission and its auxiliary and subsidiary bodies shall be apportioned among the participating Governments in the following proportions : Australia ... ... ... ... ... 30% France ... ... ... ... ... 12f% The Netherlands ... ... ... ... 15% New Zealand ... ... ... ... 15% United Kingdom of Great Britain and Northern Ireland ... ... ... ... 15% United States of America ... ... ... 12^% Before the close of its second fiscal year, the Commission shall review the apportionment of expenses and recommend to the participating Governments such adjustments as it considers desirable. Adjustments may at any time be made by agreement of all the participating •Governments. 50. The fiscal year of the Commission shall be the calendar year. 51. Subject to the directions of the Commission, the Secretary-General shall be responsible for the control of the funds of the Commission and of its auxiliary and subsidiary bodies and for all accounting and expenditure. Audited statements of accounts for each fiscal year shall be forwarded to each participating Government as soon as possible after the close of the fiscal year. 52. The Secretary-General, or an officer authorized by the Commission to act as Secretary-General pending the appointment of the SecretaryGeneral, shall at the earliest practicable date after the coming into force of this Agreement submit to the Commission an administrative budget for the current fiscal year and any supplementary budgets which the Commission may require. The Commission shall thereupon adopt for the •current fiscal year an administrative budget and such supplementary budget as it may determine. 53. Pending adoption of the first budget of the Commission, the administrative expenses of the Commission shall be met, on terms to be determined by the Commission, from an initial working fund of £40,000 sterling to which the participating Governments undertake to contribute in the proportions provided for in paragraph 49 of this Agreement. 54. The Commission may in its discretion accept for inclusion in its first budget any expenditure incurred by the Governments of Australia ■or New Zealand for the purpose of paragraph 64 of this Agreement. The Commission may credit any such expenditure against the contribution -of the Government concerned. The aggregate of the amounts which may be so accepted and credited shall not exceed £5,000 sterling. ARTICLE XV Relationship with other International Bodies 55. The Commission and its auxiliary and subsidiary bodies, while having no organic connection with the United Nations, shall co-operate as fully as possible with the United Nations and with appropriate specialized agencies on matters of mutual concern within the competence of the Commission.