UN General Assembly
1961

1G. Second, to this end the Netherlands is prepared to relinquish sovereignty to the people of Netherlands New Guinea. 17. Third, in this connexion we Netherlands is prepared to transfer its present powers, to the extent required by the above purpose, to an organization or international authority established by and operated under the United Nations, which would be vested with executive powers and which could gradually take over tasks and responsibilities and thus prepare the population for early self-determination under stable conditions. 18. Fourth, the Netherlands is prepared to continue? its financial contribution to the development of the Territory, on the basis of the present annual level of about $30 million, and until such time as may be decided upon in the future. 19. The third proposal which I mentioned constitutes a form of international administration by a development authority under the supervision of the United Nations. This new form of administration could, if required, be established by an agreement to be concluded between the United Nations and the Netherlands.