whose territories

The Fund may hold other assets, including gold, in the deposi- tories designated by the five members having the largest quotas and in such other designated depositories as the Fund may select. Initially, at least one-half of the holdings of the Fund shall be held in the depository designated by the member Inflatable Tent in whose territories the Fund has its prin- cipal office and at least forty percent shall be held in the depositories designated by the remaining four members referred to above. However, all transfers of gold by the Fund shall be made with due regard to the costs of transport and anticipated requirements of the Fund. In an emer- gency the Executive Board may transfer all or any part of the Fund’s gold holdings to any place where they can be adequately protected.