Cap. 347 Art. 10of the total per cent, has approval or of each such such a each Signatory member or the to have been with the period those countries as Section B

So long as any Signatory, or group of Signatories, whose share amount of capital subscriptions provided in Annex A is more than 2.8 not deposited its instrument or their instruments of ratification, acceptance, there shall be no election for one Director in respect Signatory or group of Signatories. The Governor or Governors representing Signatory or group of Signatories shall elect a Director in respect of or group of Signatories, immediately after the Signatory becomes a group of Signatories become members. Such Director shall be deemed elected by the Board of Governors at its inaugural meeting, in accordance paragraph 3 of Article 26 of this Agreement, if he or she is elected during in which the first Board of Directors shall hold office.

Section B (ii) - Election of Directors by Governors representing listed in Annex A as other European countries (hereinafter referred to

(ii) Governors).