Artikel 35

In order to give effect to the provisions of Article 4 of the Agreement, to which this is the Annex, a Panel of Conciliators consisting of seven members shall be established in the following manner:
(i) Each Party which has signed the Agreement before the expiry of six months after its coming into force may, by written notice to the Secretary General of the Inter Allied Reparation Agency, nominate not more than three candidates for election to the Panel, and the Secretary General shall not accept any nomination after the expiry of that period.
(ii) The Secretary General shall, by secret ballot, conduct an election of the Panel of Conciliators and only those Parties which have signed the Agreement before the expiry of six months after its coming into force shall be entitled to vote.
(iii) Each Party shall be entitled to cast one vote in respect of each vacancy on the Panel. A Party shall not cast more than one vote for any one candidate.
(iv) The seven candidates receiving the highest number of votes shall be elected to the Panel; provided that no candidate shall be elected who has not received the vote of at least two-thirds of the Parties voting, and provided that not more than two nationals of the same country shall be elected.
(v) From the seven members of the Panel so elected, the Parties entitled to vote, exercising one vote each, shall elect by secret ballot a President of the Panel by a majority of at least two-thirds of the votes cast.
(vi) In case of the death or retirement of the President or any other member of the Panel, the vacancy shall be filled by vote of the then Parties. Each Party may nominate one candidate, and election shall be by a majority of at least two-thirds of the votes cast.