Working Capital Fund for the Financial Year 1953

A/RES/676(VII)View PDF

Who adopted this document and its mandates?

A Resolution of the General Assembly, published in 1953.

What else is in this group?

25 documents · 1952–1973

Newer documents in this group exist (latest: 1973).

Year	Symbol	Title	Word length	Text similarity
1973	A/RES/3046(XXVII)	Working Capital Fund for the financial year 1973	59	–
1972	A/RES/2901(XXVI)	Working Capital Fund for the financial year 1972	504	–
1971	A/RES/2740(XXV)	Working Capital Fund for the financial year 1971	704	–
1970	A/RES/2615(XXIV)	Working Capital Fund for the financial year 1970	468	–
1969	A/RES/2484(XXIII)	Working Capital Fund for the financial year 1969	94	–

This group bundles related documents that are not individually ordered.

What subjects does this mandate have?

8 subjects

Budget Contributions Cash Management Construction Financing Funds Housing Finance Loans Office Buildings

What’s in this document?

9 operative paragraphs

The Working Capital Fund is established for the question of race conflict in South Africa resulting financial year 1953 at the amount of $US 21,500,000 from the policies of aparthlid of the Government of to be denved: South Africa;

As to $20,000,000 from cash advances by (e)

Such commitments, not exceeding a total of Members in accordance with the proviaiaaa of para- .$129,000 as are r,;quired for the purchase of Korean graphs 2 and 3 of the present resolution; service medals and ribbons ;

As to $1,239,203, by previous transfer of the (/) Such commitments, duly certified by the President of the International Court of Justice, relating to balance of surplus account as at 31 December 1950, expenses occasioned :

11 See raolution 676 (VII), above.

not already applied against Members' assessments for 1951 in accordance with General Assembly resolution 585 A (VI) of 21 December 1951;

( c) As to $260,797 by transfer of part of the balance of surplus account as at 31 December 1951 not already applied against l\T embers· assessments for 1952;

Members shall make cash advances tu lthe \Vorking Capital Fund as required under paragraph I (a) above in accordance with the scale adopted hy the General AssemLly for contributions oi ;\)embers to the eighth annual budget; "' 3.

There shall be set off against this new allocation of advances the amllunts paid by Members to the · \Norking Capital Fund for the financial year 1952, under Ceneral Assembly resolution 585 A (VI), paragraph 2; provided that, should the advance paid by any Member to the Working Capital Fund for the financial year 1952 exceed the amount of that ::\ I ember's advance mH.ler the provision of paragraph 2 hereof, the excess shall be set off against the amount of contributions payable by that Member in respect of the eighth annual budget, or any previous budget ;

The Secretary-Gener:.il is authorized to advance from the Working Capital Fund:

Such sums as may be necessary to finance budgetary appropriations pending receipt of contributions; sums so advanced shall be reimbursed as soon as receipts from contributions are available for the purpose;

( b) Such sums as may be necessary to finance commitments which may be duly authorized under the provisions of the resolution relating to unforeseen and extraordinary expenses. 20 The Secretary-General shall make provision in the budget estimates for reimbursing the Working Capital Fund;

( c) Such sums as, together with net sums outstanding for the same purposes, do not exceed $250,000 to continue the revolving fund to finance miscellaneous self-liquidating purchases and activities. Advances in excess of the total of $250,000 may be made with the prior concurrence of the Advisory Committee on Administrative and Budgetary Questions. The Secretary- General shall submit, with the annual accounts, an explanation of the outstanding balance of the revolving fund at the end of each year;

Loans to specialized agencies and preparatory commissions of agencies to be established by intergovernmental agreement under the auspices of the United Nations to finance their work, pending receipt by the agencies concerned of sufficient contributions under their own budgets. In making such loans, which shall normally be repayable within two years, the Secretary- General shall have regard to the proposed financial resources of the agency concerned, and shall obtain the prior concurrence of the Advisory Committee on Administrative and Budgetary Questions for any cash issues which would increase the aggregate balance outstanding ( including amounts previously advanced and outstanding) at any one time to an amount in excess of $3,000,000 and for any issue which would increase

11 See resolution 665 (VII), p. 46.

10 See resolution 675 (VII), p. 51. the balance outstanding ( including amounts previously advanced and outstanding) in respect of any one agency to an amount in excess of $1,000.0(Xl, provided that, notwithstanding the above provisions, the Interim Commission of the International Trade Organization shall be authorized to postpone until 31 December 1953 re·payment of the outst:mding balance of the loans made to the Interim Commission;

Such sums as, together with the sums pre- ( e) viously advanced an<l outstanding ior the same purpose, d•J not exceed $420,000 to continue the Staff I lousing Fund in order to finance rental payments, guarantee deposits and working capital requirements ior housing the staff of the Secretariat. Such advances shall be reimbursed to the \Vorking Capital Fund following the reco,ery of rental advances, guarantee deposits and working capital advances;

Such sums not exceeding $90,000 as may be required to finance payments of advance insurance premiums and deposits where the period of insurance extends beyond the end of the financial year in which payment is made. This amount may be increased with the prior concurrence of the Advisory Committee on Administrative and Dudgetary Questions. The Secretary-General shall make provision in the budget estimates of each year during the life of the related policies to cover the charges applicable to each such year;

Such sums not exceeding $1,000,000 as may be necessary to complete the Headquarters of the United Nations.

21 December 1952.

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