“The Security Council welcomes the First General Elections for the President and Members of the House of Representatives of the Autonomous Region of Bougainville held from 20 May through 9 June 2005, and considers that they were competently and transparently conducted, as noted by the International Observer Team. The Council congratulates the Autonomous Bougainville Government and the people of Bougainville on this achievement and takes note that these elections, which reflect the expressed will of the people of Bougainville, mark a significant and historical landmark in the Bougainville peace process and make it possible to enter into a new stage for further implementation of the Peace Agreement.