The Rotary Balita no. 636 (December 22, 1949).

Since a number of countries have officially devalued their currencies, the finance committee and the board have reexamined the policy of R.I. in regard to payments from clubs throughout the world. It has been noted that with the constantly increasing costs of doing business, expense appropriations in the general administration budget of R.I. are just about equal to the estimated income. In order to continue to function successfully on a worldwide basis, it is essential that the income of R.I. be maintained in terms of dollars, at least at the level indicated in the present budget, and further that governments outside of the United States permit R.I. to transfer some of its funds to the United States to meet the international administrative expenses of the organizations incurred in connection with the board of directors, international committees, the council of past presidents, the international assembly, the international convention, the President's office, the central office of the secretariat, etc. In view of the foregoing, the board has reaffirmed its existing policy concerning international collections, namely, that all Rotary clubs in the world shall pay their obligations to R.I. (per capita tax, charter fees, subscriptions to "The Rotarian" and "Revista Rotaria," etc.) in United States currency or the equivalent in the currency of their country at the current official rate of exchange between such currency and United States currency as determined by R.I. for each semiannual period.