INTERNATIONAL AGREEMENTS OTHER THAN TREATIES [60 STAT. (b) Each government shall become a member of the Fund as from the date of the deposit on its behalf of the instrument referred to in (a) above, except that no government shall become a member before this Agreement enters into force under Section 1 of this Article. (c) The Government of the United States of America shall inform the governments of all countries whose names are set forth in Sched- Post,p. 1432 . ule A, and all governments whose membership is approved in accord- Ante, p. 1402. ance with Article II, Section 2, of all signatures of this Agreement and of the deposit of all instruments referred to in (a) above. foTranminittal of fu (d) At the time this Agreement is signed on its behalf, each govern- poses. ment shall transmit to the Government of the United States of Amer- ica one one-hundredth of one percent of its total subscription in gold or United States dollars for the purpose of meeting administrative expenses of the Fund. The Government of the United States of America shall hold such funds in a special deposit account and shall transmit them to the Board of Governors of the Fund when the initial meeting has been called under Section 3 of this Article. If this Agreement has not come into force by December 31, 1945, the Govern- ment of the United States of America shall return such funds to the governments that transmitted them. (e) This Agreement shall remain open for signature at Washington on behalf of the governments of the countries whose names are set Post, p. 1432 forth in Schedule A until December 31, 1945. (f) After December 31, 1945, this Agreement shall be open for signature on behalf of the government of any country whose member- Ante, p. 1402 . ship has been approved in accordance with Article II, Section 2. (g) By their signature of this Agreement, all governments accept it both on their own behalf and in respect of all their colonies, overseas territories, all territories under their protection, suzerainty, or au- thority and all territories in respect of which they exercise a mandate. Enemy occupation. (h) In the case of governments whose metropolitan territories have been under enemy occupation, the deposit of the instrument referred to in (a) above may be delayed until one hundred eighty days after the date on which these territories have been liberated. If, however, it is not deposited by any such government before the expiration of this period the signature affixed on behalf of that government shall become void and the portion of its subscription paid under (d) above shall be returned to it. (i) Paragraphs (d) and (h) shall come into force with regard to each signatory government as from the date of its signature. Section 3. Inaugurationof the Fund (a) As soon as this Agreement enters into force under Section 1 of this Article, each member shall appoint a governor and the mem- ber having the largest quota shall call the first meeting of the Board of Governors. ovisiol e ecu (b) At the first meeting of the Board of Governors, arrangements shall be made for the selection of provisional executive directors. The governments of the five countries for which the largest quotas 1426
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