The Executive Committee decided:
(a) To take note with appreciation of the progress report of UNDP (UNEP/OzL.Pro/ExCom/19/40 and Corr.1); and
(b) To note that UNDP had reported a credit of US $4,660,955 available to offset against new project approvals for UNDP at the current Meeting and comprising:
(i) 1995 interest income under its Montreal Protocol Trust Fund amounting to US $4,004,425; and
(ii) The remaining project balance totalling US $656,530, comprising US $581,000 plus support costs of US $75,530 as UNDP, in consultation with the Government of Mexico, had cancelled the FACOSA compressor subproject of the VITRO Group project (MEX/REF/15/INV/031) after FACOSA had been fully taken over by a multinational company and only US $3,000 of the project costs had been expended.