International Monetary Fund. Secretary's Department
3. Composition of Procedures Committee for ensuing year
On the proposal of the Governor for the United States, the Committee decided to recommend to the Board of Governors that the Third Annual Meeting of the Boards of Governors of the Fund and the Bank should be held in Washington, D. C.
It was the senseoftheCommittee that the annual meetings of the Boards of Governors of the Fund and the Bank should be held in the same location and at the same time.
The advantages to be gained from holding annual meetings in different member
United Kingdom supported this view, and the chairman concluded that the sense of the meeting was that no action need be taken on the communication from the Government of India and that the original quota should remain unaffected.
The committee reported to the Board of Governors that it had taken cognizance of the communication, and “is of the opinion that no action with respect thereto need be recommended to the Board of Governors. It is furthermore the senseoftheCommittee that the original quota of India in the Fund should continue to be the quota of the Dominion