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Charter, the terms of the agreement to be approved by the General Assembly or the Security Council. The effects of this obligation are not materially different from those incurred under the mandate, except that the New Zealand Government will be required to designate " one specially qualified person" to represent it on the Trusteeship Council (Articles 79 and 86). 6. Obligation regarding Expenses By ratifying the Charter New Zealand will incur the obligation of bearing its share of the expenses of the United Nations Organization as apportioned by the General Assembly. The decision of the General Assembly in this, as in other important matters, will be taken by a two-thirds majority, and will not, as in the case of the League budget, require a unanimous vote (Article 17). I desire, in conclusion, to express my earnest hope that the ratification of this Charter, and the setting-up of the Organization whose procedure it establishes, will mark the beginning of a new epoch in the affairs of men and women and of nations. With all its imperfections, it constitutes the rallying-point of those who strive and hope for the peace of mankind. It will by no means automatically open the door to peace and progress; it will by no means resolve in advance all the problems that lie in the way of nations and of the world. It can do no more than set up the rules and procedures by which those problems may be approached, and its success depends on the sincerity and the moral determination of all those peoples who took part in the San Francisco Conference to adhere to their pledged word and to observe loyally and faithfully the principles of international conduct that the Charter sets forth. Not security .itself, but the way to security, lies in this Charter. It is for us to take it, in full consciousness of the difficulties, the hazards, and the very great responsibilities that lie along the way. The Charter offers to us an opportunity, which may be our last, to work in unison with all other peace-loving peoples of the world towards the realization of the hope and the longing that find a common meeting-place in the hearts of all of us to establish in the world of our own time, and of the time of our children and of children unborn, a peace that will be real, lasting, and worthy of the dignity of mankind. P. Fraser, Chairman of the N.Z. Delegation.