Cap. 209 чл. 10Article the member government 79 shall be ule K. 1. In the repayment of assets of the assets in the (a) (b) (c) 2. After above, the tioned as (a) (b) 80 proportions, their quotas one-half the shall its holdings not in excess the distribu- that distribu- into account among all

In the event of the Fund going into liquidation under XXVII, Section 2 within six months of the date on which withdraws, the accounts between the Fund and that settled in accordance withArticle XXVII, Section 2 and Sched-

S K chedule Administration of Liquidation event of liquidation the liabilities of the Fund other than the subscriptions shall have priority in the distribution of the Fund. In meeting each such liability the Fund shall use its following order:

the currency in which the liability is payable;

gold;

all other currencies in proportion, so far as may be prac­ ticable, to the quotas of the members.

the discharge of the Fund’s liabilities in accordance with 1 balance of the Fund’s assets shall be distributed and appor-follows:

(i) The Fund shall calculate the value of gold held on August 31, 1975 that it continues to hold on the date of the decision to liquidate. The calculation shall be made in accordance with 9 below and also on the basis of one special drawing right per 0.888 671 gram of fine gold on the date of liquidation. Gold equivalent to the excess of the former value over the latter shall be distributed to those members that were members on August 31, 1975 in proportion to their quotas on that date.

(ii) The Fund shall distribute any assets held in the Special Disbursement Account on the date of the decision to liquidate to those members that were members on August 31, 1975 in proportion to their quotas on that date. Each type of asset shall be distributed propor-tionately to members.

The Fund shall distribute its remaining holdings of gold among the members whose currencies are held by the

Fund in amounts less than their quotas in the but not in excess of, the amounts by which exceed the Fund’s holdings of their currencies.

(c) The Fund shall distribute to each member Fund’s holdings of its currency but such distribution not exceed fifty percent of its quota.

(d) The Fund shall apportion the remainder of of gold and each currency

(i) among all members in proportion to, but of, the amounts due to each member after tions under (b) and (c) above, provided tion under 2(a) above shall not be taken for determining the amounts due, and

(ii) any excess holdings of gold and currency the members in proportion to their quotas.