text: entity has indicated, that the implementation of those plans will provide an opportunity for strengthening harmonizat.lon procedures among the elected Governments. Development projects must· be harmonized and co-ordinated in order to prevent duplication. To that end, the·Council requests the Administering Authority to encourage establishment of an economic development office for the whole Territory. 9. The Council therefore welcomes the· intergovernmental consultations begun on the initiative of various entities on issues of common interest, such as the regulation of fishing, communications and higher education, in the spirit of the "Saipan Accords", which were signed by the Presidents of the Federated States of Micronesia, the Marshall Islands and Palau. 10. The Council notes with satisfaction that the Federated States of Micronesia and the Marshall Islands have committed themselves to using 40 per cent of the funds available under the terms of the compact of free association for economic development. Provision of more reliable information 11. The Council notes with satisfaction that the statistics on the various activities in the Territory have been presented in standard tables and under standard headings in accordance with the form observed by the United Nations in its reference work World Statistics in Brief. / ... T/L.1245 English Page 6 12. The Council emphasizes, however, that those data remain incomplete because much statistical information · was not sent to the competent services of the Administering Authority by the authorities of the Territory . The council recalls in this regard that the Administering Authority retains all its responsibilities in conformity with article 6 of the Trusteeship Agreement . 13. With regara to the other statistics, and in order to profit from the most extensive information possible, the Council hopes that efforts will be made to achieve a basic standard common to the four entities. The other statistical data 
analysis: The text appears to be discussing the development and coordination of economic projects and statistics in a specific territory, with a focus on harmonization and cooperation among governments. It also mentions specific sectors such as fishing and higher education, which suggests that the text may be related to economic development and governance.