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nations, but they can make their contribution to the solution of problems that concern us all. If, together, by wise measures forged in the International Labour Organization, these peoples can be released from their present sufferings and their living-conditions can be transformed, a great advance towards a prosperous world and a brotherly society will have been achieved. It was affirmed in the Atlantic Charter that an aim of the recent war was the abolition of fear and want. To accomplish this no organization is more eminently fitted than the International Labour Organization. Indeed, that was the task given it when it was formed. The present outlook is not inviting and the task will not be easy, but this is all the more a reason why we should pursue it with energy and devotion. Let us resolve to succeed in building up a just and peaceful world, and then our children will rise up and call us blessed. APPENDIX No. 2.—PROPOSED EXPENDITURE BUDGET FOR 1949 Part I.—Ordinary Budget:— Section I (Ordinary Expenditure)— Estimates Budget Expenditure, Chapter I. —Sessions of the Conference for 1949. for 1948 1947. and the Governing Body and other U.S. Dollars. U.S. Dollars. U.S. Dollars. Conferences .. .. .. 423,156 380,724 363,739-91 Chapter 11.- —General Services of the International Labour Office .. 4,039,990 3,448,989 2,796,361 •67 Chapter 111. —Profit and Loss on Exchange .. .. .. .. .. Profit 293 •58 Chapter IV. —Permanent Equipment, &c. .. .. .. .. 63,083 58,411 40,586-70 Section II (Capital Expenditure)— Chapter Y. —Capital Expenditure .. 100 234 Section 111 (Unforeseen Expenditure)— Chapter VI. —Unforeseen Expenditure 55,000 58,411 58,221-98 Section IV: Chapter VII. —Reserve Fund — Allocation, 1949 .. .. 175,000 175,234 175,233-65 Refund of Withdrawal, 1947 .. 98,321 Total .. .. .. 4,854,650 4,122,003 3,433,850-33 Deduct — Supplementary Receipts .. .. 30,000 23,365 62,231-61 Net Total of Part I .. 4,824,650 4,098,638 3,371,618*72 Part ll.—Staff Pensions Fund.. .. 135,027 109,706 164,406-55 Part 111. —Staff Retirement and Provident Fund .. .. .. .. 225,862 217,586 122,404-67 Part IV.—Restoration to Working Capital Fund Total .. .. .. 5,185,539 4,425,930 3,658,429-94 Expenditure charged to 1947 Supplementary Credits .. .. .. .. .. 98,321-05

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