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Published online by Cambridge University Press: 22 May 2009
The Australian Government was notified on May 23 of the decision of the Governors of the Fund approving Australia's application for membership. Australia was given until August 31, 1947 to accept membership, subject to the terms and conditions set down by the Board of Governors. Upon accepting membership on August 5, Australia's quota in the Fund became $200,000,000.
1 International Monetary Fund Press Release 21, August 5, 1947.
2 Ibid., 4, December 18, 1946.
3 International Monetary Fund Press Release 21, August 5, 1947.
4 United Nations Weekly Bulletin, II, p. 638.
5 See International Organization, I, p. 125.
6 New York Times, May 15, 1947.