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MEMORANDUM OF UNDERSTANDING CONSTITUTING AN AGREEMENT BETWEEN THE REPUBLIK OF INDONESIA AND THE KINGDOM OF THE NETHERLAND ON CERTAIN FINANCIAL MATTERS DURING THE PERIO OF ADMINISTRASION OF WEST NEW GUINEA (WEST IRIAN) BY THE UNITED NATIONS TEMPORARY EXECUTIVE AUTHORITY (UNTEA)
- With the view to preparing the budget for the period of administration, of the territory of West New Guinea (West Irian) by the United Nations Temporary Executive Authority (UNTEA) in accordance with Article XXIV of the Agreement between the Republic of Indonesia anti the Kingdom of the Netherlands concerning West New Guinea (West Irian), a committee will be set up as soon as possible consisting of representatives of the Secretary-General of the United Nations, the Government of the Republic of Indonesia and the Government of the Kingdom of the Netherlands in order to collect the necessary information and to make appropriate recommendations to the Secretary General. The committee will make recommendations to the Secretary-General concerning the amount to be placed a, the disposal of the United Nation.s Administrator by the Netherlands and he Indonesian Governments at the beginning of the UNTEA period.
- In establishing the budget for the UNTEA period, the United Nations Administrator will make his calculations on the basis of a rate of exchange for the New Guinea guilder at US$ 1.00 = = N.G. fl. 3.62.
DONE this Fifteenth day of August 1962 in three original copies.
(Signed) Subandrio
(Signed) J. H. van Roijen
For the
For the
Republic of Indonesia
Kingdom of the Netherlands
(Signed) C. W. A. Schurmann
For the
Kingdom of the Netherlands