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31 

VI. ENDOWMENT FUND 

  

10. The Committee took note of the balance of the Authority’s Endowment Fund as at March 2010, in the amount of $3,338,409.  

11. The Committee took note with appreciation of the letter of the Government of Germany accepting the transfer of the German application fee of $250,000 and the interest accrued so far to the Endowment Fund.  

12. The Committee expressed its gratitude to the Government of the United Kingdom for the contribution of $15,253 made in March 2010.  

13. The Committee recommended that an appeal be made by the Council for contributions to the Endowment Fund. 

  

VII. VOLUNTARY TRUST FUND 

  

14. The Committee took note of the balance of the Authority’s Voluntary Trust Fund, in the amount of $40,435.  

15.  The Committee expressed its gratitude to the Government of China for the contribution of $20,000 made in December 2009.  

16.  The Committee noted that it had approved in 2008 the transfer of US$60,000 from the Endowment Fund to the Voluntary Trust Fund and recommended that the Secretary‐General should suspend the transfer of the balance of US$40,000 until such time as necessary.  

17. The Committee recommended that an appeal be made by the Council for contributions to the Voluntary Trust Fund. 

  

VIII. NEW MEMBERS 

  

18.  The Committee considered document ISBA/16/FC/2, entitled “New members of the Authority”. The Committee recommended that Dominican Republic and Chad, which had become members of the Authority during 2009, pay the amounts shown below as their contributions to the general administrative budget of the Authority for 2009 and 2010 as well as advances to the Working Capital Fund.  

New Member State Date membership began 

United Nations  scale of assessment (percentage) 

Adjusted International Seabed Authority scale (percentage) 

Contributions to the general administrative 

budget  (United States dollars) 

Advances to the Working Capital Fund (United States dollars) 2009 2010 2009 2010 2009 2010 

Dominican Republic 9 August 2009 0.024 0.024 0.031 0.031  713   1 795   136 Chad 13 September 2009 0.001 0.001 0.001 0.001  175  572   1 

 Total   888   2 367  137

  

IX. OTHER MATTERS

 

  

19.  The Committee expressed its concern about the outstanding contributions from members for prior periods (1998 to 2009) in the amount of $320,026 and requested that the Secretary‐General continue, at his discretion, to obtain the amounts due.

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