Advances From the Working Capital Fund: Application of the Food and Agriculture Organization of the United Nations for a Loan From the Fund

A/RES/457(V)View PDF

Who adopted this document and its mandates?

A Resolution of the General Assembly, published in 1951.

What subjects does this mandate have?

5 subjects

Cash Management Funds Loans Location of Offices Rome (Italy)

What’s in this document?

17 paragraphs

Having considcrnl the reque,;t ~.uhmitted by the Food and Agriculture Organization of the United Nations to the Secretary-General fnr a Joan of $~00,000 from the \1/ orking Capital Fund of the l_l nited Nat ions fo_r the purpose of financing part of the cost,., of the transtcr of the Food and Agricultnre Organization from \Vashing-· ton, D. C. to Rome,

Desirous of facilitating the wnrk of the Foml ;md Agri rnltur~ Organization,

Authorizes the Secretary-( ;eneral to ad\'ance from the Working Capital Fund, a; a loan to the Food and Agriculture Organization of the United Nations, sums not exceeding $800,000 to finance the removal of its headquarters to Rome. Such a loan shall he repayable within a maximum period of four year;;, in annual instalme11ts of not less than $200,000. Interest, at a rate to be determined between the Secretary Ceneral of the lJ nited Nations and the Director-Ccn;-ral uf tlw Fo()(l and Agriculture Organization, shall be payable on any balance of the loan outstanding at the end of a period of two years from the date on which tht' lo;in is mad,·.

305th plenary meetrny.

16 N m:emher 1050

( d) The accuracy nr otherwise , ,j th,· s11p!llies and _equipment records as dctcrminerl hv ,1.,ck-t:tkim, :rnd <'xarn1nat11111 ot the

at 1, i11~, i·.'.

In aclclitlon. the report~, in.,,· C( 11:t:u' 1 r·-f,,;,:111.., h 1 (I') Transaction-" acco1111t1•(l fnr 1 11 a previou:-. y1_·ar cnnc:'.rning which further information has been ubtamed, or transact10ns in a later year crinn·rning wl11ch it seems desirah'..· that the ( ,en-- era! Assembly should have , arly kn<1wkdge

The Board of Auditors, or such of their officers as they may designate, shall certify the :inanc-,al • .. tatcmcnts in tlw following terms :

"The financial statements of the United Nations for the financial year ended 31 December . .

accordance with our directions. \Ve have .. htaitwcl all the infor.

mation and explanations that we hav<' ; ,·qn;n:d, and wr· certify,

as a result of the audit, that, in "ilr o;,, .. , .. n. t\w financial statt'- 1ncnts an: t:urrect". addini,;, should it bl' necessary.

The Board of Auditors shall han· 1m power to di,,allow items in the accounts but shall dr;n, tn the attention of the

cerning which it entertains doubt a, tu ieg:1ht_v or pn,pri<'ty.

A representativ(' of the Boan! of Audit!)rs shall be present when the Buard\ report i-. hcin).; cr)l1•~idcrt'r1 by thf' Ceneral Assembly.

\ l)4:--C'

Who adopted this document and its mandates?

What subjects does this mandate have?

What’s in this document?

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