The United Nations Treasury Council was established on June 26, 1945 to administer the territories placed under the international treasury system and to exercise the functions of the United Nations on the exclusion of treasury territories other than those designated as strategic areas. According to the United Nations Charter, the territories applicable to the international treasury system until November 1980 were the territories under the rule of the former international union and the territories of the enemy after the war. The former 11 treasury territories, respectively, were administered by the United Kingdom, the United States, the United States of America, the Republic of Korea, Australia, New Zealand, and other countries. The treasury territories had gained independence after the end of the Second World War, with the remaining only US-managed Pacific Island Treasury, namely Mykonosia. The