A/RES/57/138 A-B III Bermuda Noting the results of the independence referendum held on 16 August 1995, and conscious of the different viewpoints of the political parties of the Territory on the future status of the Territory, Noting also the discussions between the Territory and the administering Power on internal constitutional changes, 1. Requests the administering Power, bearing in mind the views of the people of the Territory ascertained through a democratic process, to keep the Secretary-General informed of the wishes and aspirations of the people regarding their future political status; 2. Calls upon the administering Power to continue to work with the Territory for its socio-economic development; 3. Welcomes the agreement reached in June 2002 between the United States of America, the United Kingdom of Great Britain and Northern Ireland and the Territory formally transferring the former military base lands to the territorial Government, and the provision of financial resources to address some of the environmental problems; 4. Also welcomes the accession of the Territory to associate membership in the Caribbean Community; IV British Virgin Islands Noting the last constitutional review in the Territory, conducted by the administering Power in 1993–1994, the coming into force of the amended Constitution, and the appointment by the territorial Government of a committee to assess the implications of independence for the implementation of a recommendation of the 1993 review, Noting also the results of the constitutional review of 1993–1994, which made it clear that a prerequisite to independence must be a constitutionally expressed wish of the people as a result of a referendum, Taking note of the motion adopted by the Legislative Council in March 2002, requesting the administering Power to appoint a commission to review the Constitution with the aim of modernizing it, paying specific attention to the creation of a sixth ministerial post, the standing of the Territory’s “belonger” status and the devolution of power from the representative of the administering Power to the elected Government, Noting that the Territory continues to emerge as one of the world’s leading offshore financial centres, and that the financial services sector is becoming the cornerstone of the Government’s recurrent budget, accounting for over 50 per cent of government revenue, and also noting the establishment of the Financial Services Commission, Noting also the need for continued cooperation between the administering Power and the territorial Government in countering drug trafficking and moneylaundering, and further noting that the Territory hosted a meeting of the British Overseas Territories’ Drug Prevention Conference in January 2002, 9