(1). The Organization shall have two separate budgets: the budget of expenses common to the Unions, and the budget of the Conference.
(2). (a) The budget of expenses common to the Unions shall include provision for expenses of interest to several Unions.
(b) This budget shall be financed from the following sources: (i) contributions of the Unions, provided that the amount of the contribution of each Union shall be fixed by the Assembly of that Union, having regard to the interest the Union has in the common expenses;
(ii) charges due for services performed by the International Bureau not in direct relation with any of the Unions or not received for services rendered by the International Bureau in the field of legal-technical assistance;
(iii) sale of, or royalties on, the publications of the International Bureau not directly concerning any of the Unions;
(iv) gifts, bequests, and subventions, given to the Organization, except those referred to in paragraph (3) (b) (iv);
(v) rents, interests, and other miscellaneous income, of the Organization.
(i) contributions of the Unions, provided that the amount of the contribution of each Union shall be fixed by the Assembly of that Union, having regard to the interest the Union has in the common expenses;
(ii) charges due for services performed by the International Bureau not in direct relation with any of the Unions or not received for services rendered by the International Bureau in the field of legal-technical assistance;
(iii) sale of, or royalties on, the publications of the International Bureau not directly concerning any of the Unions;
(iv) gifts, bequests, and subventions, given to the Organization, except those referred to in paragraph (3) (b) (iv);
(v) rents, interests, and other miscellaneous income, of the Organization.
(3). (a) The budget of the Conference shall include provision for the expenses of holding sessions of the Conference and for the cost of the legal-technical assistance program.
(b) This budget shall be financed from the following sources: (i) contributions of States party to this Convention not members of any of the Unions;
(ii) any sums made available to this budget by the Unions, provided that the amount of the sum made available by each Union shall be fixed by the Assembly of that Union and that each Union shall be free to abstain from contributing to the said budget;
(iii) sums received for services rendered by the International Bureau in the field of legal-technical assistance;
(iv) gifts, bequests, and subventions, given to the Organization for the purposes referred to in subparagraph (a).
(i) contributions of States party to this Convention not members of any of the Unions;
(ii) any sums made available to this budget by the Unions, provided that the amount of the sum made available by each Union shall be fixed by the Assembly of that Union and that each Union shall be free to abstain from contributing to the said budget;
(iii) sums received for services rendered by the International Bureau in the field of legal-technical assistance;
(iv) gifts, bequests, and subventions, given to the Organization for the purposes referred to in subparagraph (a).
(4). (a) For the purpose of establishing its contribution towards the budget of the Conference, each State party to this Convention not member of any of the Unions shall belong to a class, and shall pay its annual contributions on the basis of a number of units fixed as follows:
(b) Each such State shall, concurrently with taking action as provided in Article 14 (1), indicate the class to which it wishes to belong. Any such State may change class. If it chooses a lower class, the State must announce it to the Conference at one of its ordinary sessions. Any such change shall take effect at the beginning of the calendar year following the session.
(c) The annual contribution of each such State shall be an amount in the same proportion to the total sum to be contributed to the budget of the Conference by all such States as the number of its units is to the total of the units of all the said States.
(d) Contributions shall become due on the first of January of each year.
(e) If the budget is not adopted before the beginning of a new financial period, the budget shall be at the same level as the budget of the previous year, in accordance with the financial regulations.
(5). Any State party to this Convention not member of any of the Unions which is in arrears in the payment of its financial contributions under the present Article, and any State party to this Convention member of any of the Unions which is in arrears in the payment of its contributions to any of the Unions, shall have no vote in any of the bodies of the Organization of which it is a member, if the amount of its arrears equals or exceeds the amount of the contributions due from it for the preceding two full years. However, any of these bodies may allow such a State to continue to exercise its vote in that body if, and as long as, it is satisfied that the delay in payment arises from exceptional and unavoidable circumstances.
(6). The amount of the fees and charges due for services rendered by the International Bureau in the field of legal-technical assistance shall be established, and shall be reported to the Coordination Committee, by the Director General.
(7). The Organisation, with the approval of the Coordination Committee, may receive gifts, bequests, and subventions, directly from Governments, public or private institutions, associations or private persons.
(8). (a) The Organization shall have a working capital fund which shall be constituted by a single payment made by the Unions and by each State party to this Convention not member of any Union. If the fund becomes insufficient, it shall be increased.
(b) The amount of the single payment of each Union and its possible participation in any increase shall be decided by its Assembly.
(c) The amount of the single payment of each State party to this Convention not member of any Union and its part in any increase shall be a proportion of the contribution of that State for the year in which the fund is established or the increase decided. The proportion and the terms of payment shall be fixed by the Conference on the proposal of the Director General and after it has heard the advice of the Coordination Committee.
(9). (a) In the headquarters agreement concluded with the State on the territory of which the Organization has its headquarters, it shall be provided that, whenever the working capital fund is insufficient, such State shall grant advances. The amount of these advances and the conditions on which they are granted shall be the subject of separate agreements, in each case, between such State and the Organization. As long as it remains under the obligation to grant advances, such State shall have an ex officio seat on the Coordination Committee.
(b) The State referred to in subparagraph (a) and the Organization shall each have the right to denounce the obligation to grant advances, by written notification. Denunciation shall take effect three years after the end of the year in which it has been notified.
(10). The auditing of the accounts shall be effected by one or more Member States, or by external auditors, as provided in the financial regulations. They shall be designated, with their agreement, by the General Assembly.