Page:United States Statutes at Large Volume 60 Part 2.djvu/365

 60 STAT.] MULTILATERAL-INTERNATIONAL BANK-DEC. 27, 1945 include an expert selected by the governor representing the member in whose territories the project is located and one or more members of the technical staff of the Bank. Section 8. Relationship to other international organizations (a) The Bank, within the terms of this Agreement, shall cooperate with any general international organization and with public interna- tional organizations having specialized responsibilities in related fields. Any arrangements for such cooperation which would involve a modi- fication of any provision of this Agreement may be effected only after amendment to this Agreement under Article VIII. (b) In making decisions on applications for loans or guarantees relating to matters directly within the competence of any international organization of the types specified in the preceding paragraph and participated in primarily by members of the Bank, the Bank shall give consideration to the views and recommendations of such organization. Section 9. Locationf offices (a) The principal office of the Bank shall be located in the territory of the member holding the greatest number of shares. (b) The Bank may establish agencies or branch offices in the terri- tories of any member of the Bank. Section 10. Regional ofices and councils (a) The Bank may establish regional offices and determine the location of, and the areas to be covered by, each regional office. (b) Each regional office shall be advised by a regional council representative of the entire area and selected in such manner as the Bank may decide. Section 11. Depositories (a) Each member shall designate its central bank as a depository for all the Bank's holdings of its currency or, if it has no central bank, it shall designate such other institution as may be acceptable to the Bank. (b) The Bank may hold other assets, including gold, in depositories designated by the five members having the largest number of shares and in such other designated depositories as the Bank may select. Initially, at least one-half of the gold holdings of the Bank shall be held in the depository designated by the member in whose territory the Bank has its principal office, and at least forty percent shall be held in the depositories designated by the remaining four members referred to above, each of such depositories to hold, initially, not less than the amount of gold paid on the shares of the member designating it. However, all transfers of gold by the Bank shall be made with due regard to the costs of transport and anticipated requirements of the Bank. In an emergency the Executive Directors may transfer all or any part of the Bank's gold holdings to any place where they can be adequately protected. Section 12. Form of holdings of currency The Bank shall accept from any member, in place of any part of the member's currency, paid in to the Bank under Article II, Section 7 (i), 1453 Post, p. 1459. Other auetS In des Ignated depositorie. Transfers of gold. AUe, p. 144

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