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II SÉRIE - NÚMERO 37

3 — Majority shall require 60 per cent of the total combined voting weights and 50 per cent of the general voting weights cast.

4 — Special majority shall require:

a) 60 per cent of the total combined voting

weights and 45 general voting weights for:

The decision under article 2, paragraph 2, relating to the increase in the emergency reserve commitment;

Decisions under article 19, paragraph 3, not to activate the emergency measures referred to in articles 13 and 14;

Decisions under article 20, paragraph 3, on the measures required for meeting the necessities of the situation;

Decisions under article 23, paragraph 3, to maintain the emergency measures referred to in articles 13 and 14;

Decisions under article 24 to deactivate the emergency measures referred to in articles 13 and 14;

b) 51 general voting weights for:

Decisions under article 19, paragraph 3, not to activate the emergency measures referred to in article 17;

Decisions under article 23, paragraph 3, to maintain the emergency measures referred to in article 17;

Decisions under article 24 to deactivate the emergency measures referred to in article 17.

5 — The Governing Board, acting by unanimity, shall decide on the necessary increase, decrease, and redistribution of the voting weights referred to in paragraph 2, as well as on amendment of the voting requirements set out in paragraphs 3 and 4 in the event that:

A country accedes to this Agreement in accordance with article 71; or

A country withdraws from this Agreement in accordance with article 68, paragraph 2, or article 69, paragraph 2.

6— The Governing Board shall review annually the number and distribution of voting weights specified in paragraph 2, and, on the basis of such review, acting by unanimity, shall decide whether such voting weights should be increased or decreased, or redistributed, or both, because a change in any Participating Country's share in total oil consumption has occurred or for any other reason.

7 — Any change in paragraph 2, 3 or 4 shall be based on the concepts underlying those paragraphs and paragraph 6.

Relations with other entitles

ARTICLE 63

In order tq achieve the objectives of the Program, the Agency may establish appropriate relations with non-participating countries, international organiza-

tions, whether governmental or non-governmental, other entities and individuals.

Financial arrangements

ARTICLE 64

1 — The expenses of the Secretariat and all other common expenses shall be shared among all Participating Countries according to a scale of contributions elaborated according to the principles and rules set out in the annex to the «OECD Resolution of the Council on Determination of the Scale of Contributions by Member Countries to the Budget of the Organizations of 10th December, 1963. After the first year of application of this Agreement, the Governing Board shall review this scale of contributions and, acting by unanimity, shall decide upon any appropriate changes in accordance with article 73.

2 — Special expenses incurred in connection with special activities carried out pursuant to article 65 shall be shared by the Participating Countries taking part in such special activities in such proportions as shall be determined by unanimous agreement between them.

3 — The Executive Director shall, in accordance with the financial regulations adopted by the Governing Board and not later than 1st October of each year, submit to the Governing Board a draft budget including personnel requirements. The Governing Board, acting by majority, shall adopt the budget.

4 — The Governing Board, acting by majority, shall take all other necessary decisions regarding the financial administration of the Agency.

5 — The financial year shall begin on 1st January and end on 31st December of each year. At the end of each financial year, revenues and expenditures shall be submitted to audit.

Special activities

ARTICLE 65

1 — Any two or more Participating Countries may decide to carry out within the scope of this Agreement special activities, other than activities which are required to be carried out by all Participating Countries under chapters i to v. Participating Countries which do not wish to take part in such special activities shall abstain from taking part in such decisions and shall not be bound by them. Participating Countries carrying out such activities shall keep the Governing Board informed thereof.

2 — For the implementation of such special activities, the Participating Countries concerned may agree upon voting procedures other than those provided for in articles 61 and 62.

Implementation of the agreement

ARTICLE 66

Each Participating Country shall take the necessary measures, including any necessary legislative measures, to implement this Agreement and decisions taken by the Governing Board.