A/RES/50/38 Page 6 Noting also the closure of the Canadian base in 1994 and the announced plans of the United Kingdom of Great Britain and Northern Ireland and the United States of America to close their respective air and naval bases in Bermuda in 1995, Calls upon the administering Power to continue its programmes of socio-economic development. IV. British Virgin Islands The General Assembly, Referring to resolution A above, Noting the completion of the constitutional review in the Territory and the coming into force of the amended Constitution, and noting also the results of the general elections held on 20 February 1995, Noting further the results of the constitutional review of 1993-1994, which made it clear that a prerequisite to independence must be a constitutionally expressed wish by the people as a result of a referendum, Taking note of the statement by the Chief Minister of the British Virgin Islands that the Territory was ready for constitutional and political advancement towards full internal self-government and that the administering Power should assist through gradual transfer of power to elected territorial representatives, Noting that the Territory is emerging as one of the world’s leading off-shore financial centres, Noting also the need for continued cooperation between the administering Power and the territorial Government in countering drug trafficking and money laundering, 1. Requests the administering Power to continue the process for facilitating the expression of the will of the people regarding the future status of the Territory; 2. Also requests the administering Power, specialized agencies and other organizations of the United Nations system and all financial institutions to continue to provide assistance to the Territory for socioeconomic development and development of human resources, bearing in mind the vulnerability of the Territory to external factors. V. Cayman Islands The General Assembly, Referring to resolution A above, Noting the constitutional review of 1992-1993, according to which the population expressed the sentiment that the existing relations with the United /...