that the British financial contribution to the operation is now running at an annual rate of some E4.5 million-a not inconsiderable amount. This figure includes both the basic costs of our troops and the extra costs, which we are absorbing as part of our contribution, and also our logistic support to other contingents. These latter figures, our extra costs and the cost of logistic support, have risen steeply, Nevertheless, in view of the serious financial position of the Cyprus operation, my Government has been willing, for the period of the renewed mandate, to absorb the increase. 66. The Secretary-General’s report is indeed gloomy on the financial situation; far gloomier on this aspect than on any other. The financial situation has clearly worsened and the mounting deficit must be a matter of concern to us all. I should like to say one or two things about this. First of all, we hope that all contributors will adopt the same course that my Government and some other Governments have taken of absorbing the increased costs which have arisen; in other words, increasing their total financial contribution. This, however, is not in itself enough and my second point is that my Government hopes that a more generous contribution will be made by all Member States in response to the Secretary-General’s appeal. This is an operation which is of importance for us all. Finally, my delegation welcomes the Secretary-General’s intention to achieve economies without jeopardizing the effectiveness of UNFICYP. We well understand that the implementation of any recommendations for reductions in the Force would have to depend upon political and military conditions prevailing at the time, as well as LIPOII the financial considerations, We hope none the less that significant economies will prove possible. 67. One point which disturbs my delegation as much as it 
**Analysis**
The text appears to be discussing the financial contribution of the British government to a United Nations peacekeeping operation, specifically the United Nations Peacekeeping Force in Cyprus (UNFICYP). The text mentions the costs of deploying troops, logistic support, and the financial situation of the operation. It seems that the main focus is on the economic aspect of the operation, as the speaker is discussing the financial contribution of member states and the need for economies without compromising the effectiveness of the operation.

**Category**
International trade, Humanitarian aid and relief