Page:United States Statutes at Large Volume 60 Part 2.djvu/337

 60 STAT.] MULTILATERAL-INTERNATIONAL MONETARY FUND-DEC. 27, 1945 1425 (h) For the purpose of calculating gold subscriptions under Article III, Section 3, a member's net official holdings of gold and United States dollars shall consist of its official holdings of gold and United States currency after deducting central holdings of its currency by other countries and holdings of its currency by other official institu- tions and other banks if these holdings carry specified rights of con- version into gold or United States currency. (i) Payments for current transactions means payments which are not for the purpose of transferring capital, and includes, without limitation: (1) All payments due in connection with foreign trade, other current business, including services, and normal short- term banking and credit facilities; (2) Payments due as interest on loans and as net income from other investments; (3) Payments of moderate amount for amortization of loans or for depreciation of direct investments; (4) Moderate remittances for family living expenses. The Fund may, after consultation with the members concerned, deter- mine whether certain specific transactions are to be considered current transactions or capital transactions. ARTICLE XX FINAL PROVISIONS Ante, p. 1402. Payments for cur- rent transactions. Section 1. Entry into force This Agreement shall enter into force when it has been signed on behalf of governments having sixty-five percent of the total of the quotas set forth in Schedule A and when the instruments referred to Po, p. 1432 in Section 2(a) of this Article have been deposited on their behalf, but in no event shall this Agreement enter into force before May 1, 1945. Section 2. Signaturre (a) Each government on whose behalf this Agreement is signed me tPofitre, shall deposit with the Government of the United States of America an instrument setting forth that it has accepted this Agreement in accordance with its law and has taken all steps necessary to enable it to carry out all of its obligations under this Agreement. [] ' [Instruments of acceptance have been deposited with the Department of State by the following countries: Belgium on Dec. 27, 1945; Bolivia on Dec. 27, 1945; Brazil on Jan. 14, 1946; Canada on Dec. 27, 1945; Chile on Dec. 31, 1945; China on Dec. 26, 1945; Colombia on Dec. 27, 1945; Costa Rica on Jan. 8, 1946; Czecho- slovakia on Dec. 26, 1945; Dominican Republic on Dec. 28, 1945; Ecuador on Dec. 28, 1945; Egypt on Dec. 26, 1945; Ethiopia on Dec. 12, 1945; France on Dec. 27, 1945; Greece on Dec. 26, 1945; Guatemala on Dec. 28, 1945; Honduras on Dec. 26, 1945; Iceland on Dec. 27, 1945; India on Dec. 27, 1945; Iran on Dec. 29, 1945; Iraq on Dec. 26, 1945; Luxembourg on Dec. 26, 1945; Mexico on Dec. 31, 1945; Netherlands on'Dec. 26, 1945; Norway on Dec. 27, 1945; Paraguay on Dec. 28, 1945; Peru on Dec. 31, 1945; Philippine Commonwealth on Dec. 21, 1945; Poland on Jan. 10, 1946; Union of South Africa on Dec. 26, 1945; United Kingdom of Great Britain and Northern Ireland on Dec. 27, 1945; United States of America on Dec. 20, 1945; Yugoslavia on Dec. 26, 1946.]

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