allooations exoeeded total available resouroes by S131.6 million at 31 Deoember 1969. This refleats the deaision made by the Qoverning Council at its twenty-ninth session to continue the partial funding system PI’ and at its thirty-fourth session to modify the formula aovering the aeiling on commitments. LQ/ 34. Under authority of fiaaoaial regulation 5.1 , the Administrator established in 1989 the UNCDF sub-trust fund, *‘Suspension Rridges (Phase II)", for whiah the Qovernment of Switaerland is the donor. The status of all sub-trust funds is reflected in statement XXVII. uted Q&iq~& Revolv&U(JQ& for RJatural ResauFQQ&&Wloratipo 35. This trust fund was established by the General Assembly in its resolution 3167 (XXVIII) of 17 Deoember 1973, in which it reaogniaed the need to extend and intensify the aotivities of the United Nations system to meet the need for natural resouraes exploration in developing countries in order to aoaelerate their eaonomia development. Governments receiving assistanoe from this trust fund have undertaken to make replenishment contributions to the Fund , when the projed.6 financed by the Fund lead to commercial production. 36. During 1989, agreements were signed between the Fund and the Governments of Honduras and China for management services to be provided by the Fund and financed by the Government of Italy. The balance of this account at 31 December 1989 was $511,062. As shown in statement VIII, the total income of the Fund in 1989 amounted to 0::2 million and expenditure to $2.5 million. At the end of 1989, the balance of the Fund was $4.1 million. t Fund for Sudan&&&lien A&y&i66 38. This trurt fund was established pursuant to Qeneral Assembly resolution 3253 (XXIX) of 4 December 1974 and Economic and Social Council resolution 1918 (LVIII) 0f 9 tay 1976. In October 1976, the Searetary-General of the United 
**Analysis**
The text appears to be discussing the financial management and allocation of resources for various projects and initiatives related to economic development, specifically in the context of natural resource exploration and management. The mention of "partial funding system", "sub-trust fund", and "replenishment contributions" suggests a focus on financial mechanisms and resources, while the references to natural resources, developing countries, and economic development hint at a broader context of international cooperation and development.

**Category**
Economic development, Natural resources and environment