text: nilitary capital acquired by a country, and thus serving as a better indicator of nilitary capability. / . . . 128. A number of additional psoblems arise in such a form of analysis. For one, procurement and construction expenditures, repsesenting additions to the stock of military capital, need to be offset by some measures of depreciation and subtractions fron that stock. In order to facilitate such an analysis, the Panel decided to incorporate in the recommended reporting instrument a,'request for information concerning average-length-of-service rates for main items of equipment, the depletion of ammunition a8ti sales from the military sector of ,*r different kinds of resources. 129. Further examination of these and other problems associated with comparisons of the stock of military capitsl would be desirable in order to develop more fully the potential uses of an international reporting system. Such an analysis should begin as soon as possible on a conceptual basis and would probably be considerably enhanced by the implementation of the reporting instrument. Some aspects of military expenditures limitation and reduction agreements 130. With the prospects of the implementation of an international reporting system, renewed international attention should be given to the features which agreements to constrain and reduce military expenditure might have. The report of the group of experts in 1974 (A/9770/Rev.l) presents a brief taxonomy of the various features of such agreements. This work could usefully be extended and deepenedto consider further various technical and practica1 aspects. 131. In addition to the fea-tures that such agreements might have, futher study would address, inter alia, such aspects as their effect on forte postures and international security; kinds of linkage to other non-expenditure limitations; and over-al1 versus component limitations. Verification of agreements on reduction of military expenditures 12. As repeatedly stated in relevant United Nations documents, including 
analysis: The text appears to be discussing the analysis of military expenditures and the potential for international agreements to reduce military spending. It touches on the need for a standardized reporting system and the consideration of various technical and practical aspects of such agreements. The language used is formal and technical, suggesting that the text is related to international relations and global governance.