****

( 1 ) OJ NO L 176 , 1 . 7 . 1976 , P . 8 .

( 2 ) OJ NO L 147 , 3 . 6 . 1978 , P . 39 .

( 3 ) OJ NO L 287 , 13 . 10 . 1978 , P . 22 .

( 4 ) OJ NO L 25 , 30 . 1 . 1976 , P . 168 .

COUNCIL DECISION

OF 19 MARCH 1979

ADJUSTING DECISION 76/568/EEC ON THE ASSOCIATION OF THE OVERSEAS COUNTRIES AND TERRITORIES WITH THE EUROPEAN ECONOMIC COMMUNITY

( 79/310/EEC )

THE COUNCIL OF THE EUROPEAN

COMMUNITIES ,

HAVING REGARD TO THE TREATY ESTABLISHING THE EUROPEAN ECONOMIC COMMUNITY ,

HAVING REGARD TO COUNCIL DECISION 76/568/EEC OF 29 JUNE 1976 ON THE ASSOCIATION OF THE OVERSEAS COUNTRIES AND TERRITORIES WITH THE EUROPEAN ECONOMIC COMMUNITY ( 1 ), AS LAST AMENDED BY DECISION 78/465/EEC ( 2 ), AND IN PARTICULAR ARTICLE 56 THEREOF ,

HAVING REGARD TO THE PROPOSAL FROM THE COMMISSION ,

WHEREAS DECISION 76/568/EEC PROVIDES FOR ITS ADJUSTMENT WHERE AN OVERSEAS COUNTRY OR TERRITORY WHICH HAS BECOME INDEPENDENT ACCEDES TO THE ACP-EEC CONVENTION OF LOME , HEREINAFTER REFERRED TO AS THE ' CONVENTION ' ;

WHEREAS THE SOLOMON ISLANDS , TUVALU AND DOMINICA , WHICH APPEAR IN THE LIST SET OUT IN ANNEX I TO DECISION 76/568/EEC , HAVING BECOME INDEPENDENT , HAVE APPLIED TO ACCEDE TO THE CONVENTION ; WHEREAS THE ACP-EEC COUNCIL OF MINISTERS HAS APPROVED THESE APPLICATIONS ; WHEREAS THESE STATES , HAVING DEPOSITED THEIR INSTRUMENTS OF ACCESSION , THUS ACCEDED TO THE CONVENTION ON 27 SEPTEMBER 1978 , 17 JANUARY 1979 AND 26 FEBRUARY 1979 ;

WHEREAS THE VARIOUS LISTS CONTAINED IN DECISION 76/568/EEC AND THE AMOUNTS SPECIFIED IN ARTICLE 30 THEREOF SHOULD THEREFORE BE ADJUSTED IN THE LIGHT ALSO OF THE AMENDMENTS MADE BY THE AGREEMENT OF 28 MARCH 1977 ( 3 ) TO THE INTERNAL AGREEMENT ON THE FINANCING AND ADMINISTRATION OF COMMUNITY AID ( 4 ) SIGNED ON 11 JULY 1975 AS A RESULT OF FORMER ACCESSIONS TO THE CONVENTION ,

HAS DECIDED AS FOLLOWS :

ARTICLE 1

THE FOLLOWING SHALL BE DELETED FROM ARTICLES 23 ( 5 ) AND 26 AND FROM THE LIST IN ANNEX I TO DECISION 76/568/EEC : ' DOMINICA ' , ' SOLOMON ISLANDS ' AND ' TUVALU ' .

ARTICLE 2

ARTICLE 30 OF DECISION 76/568/EEC , SHALL BE REPLACED BY THE FOLLOWING :

' ARTICLE 30

THE FOLLOWING PROVISIONS SHALL APPLY WITH EFFECT FROM 26 FEBRUARY 1979 :

1 . THE OVERALL AMOUNT OF COMMUNITY AID SHALL BE REDUCED TO 101.733 MILLION EUROPEAN UNITS OF ACCOUNT .

2 . THIS AMOUNT SHALL COMPRISE :

( A ) 91.733 MILLION EUROPEAN UNITS OF ACCOUNT FROM THE EUROPEAN DEVELOPMENT FUND ( 1975 ), HEREINAFTER REFERRED TO AS THE ' FUND ' , ALLOCATED AS FOLLOWS :

( I ) FOR THE PURPOSES SET OUT IN ARTICLE 28 , 71.733 MILLION EUROPEAN UNITS OF ACCOUNT CONSISTING OF :

- 31.692 MILLION EUROPEAN UNITS OF ACCOUNT IN THE FORM OF GRANTS ,

- 23.915 MILLION EUROPEAN UNITS OF ACCOUNT IN THE FORM OF SPECIAL LOANS ,

- 4.000 MILLION EUROPEAN UNITS OF ACCOUNT IN THE FORM OF RISK CAPITAL ,

- 12.126 MILLION EUROPEAN UNITS OF ACCOUNT IN THE FORM OF A RESERVE ;

( II ) 20 MILLION EUROPEAN UNITS OF ACCOUNT , LIKEWISE FROM THE FUND , IN THE FORM OF TRANSFERS TO THE COUNTRIES AND TERRITORIES FOR THE STABILIZATION OF EXPORT EARNINGS ;

( B ) FOR THE PURPOSES SET OUT IN ARTICLE 28 , UP TO 10 MILLION EUROPEAN UNITS OF ACCOUNT IN THE FORM OF LOANS FROM THE BANK , MADE FROM ITS OWN RESOURCES ON THE TERMS AND CONDITIONS PROVIDED FOR IN ITS STATUTE AND SUPPLEMENTED , AS A GENERAL RULE , BY A 3 % INTEREST RATE SUBSIDY , UNDER THE CONDITIONS LAID DOWN IN ARTICLE 4 OF ANNEX V .

THE TOTAL COST OF THE INTEREST RATE SUBSIDIES SHALL BE CHARGED AGAINST THE AMOUNT OF THE GRANTS PROVIDED FOR IN 2 ( A ) ( I ).

3 . FOLLOWING THE ACCESSION OF THE SOLOMON ISLANDS , TUVALU AND DOMINICA TO THE CONVENTION , THE AMOUNTS PROVIDED FOR IN THE FORM OF GRANTS , SPECIAL LOANS AND A RESERVE , INITIALLY ALLOCATED IN THREE EQUAL PARTS AMONG THE FRENCH OVERSEAS TERRITORIES AND DEPARTMENTS AND THE NETHERLANDS AND UNITED KINGDOM OVERSEAS COUNTRIES AND TERRITORIES , SHALL BE REDUCED IN ACCORDANCE WITH DECISION 79/309/EEC .

4 . ( A ) OF THE PORTION ALLOCATED TO THE FRENCH OVERSEAS TERRITORIES AND DEPARTMENTS :

- 7.70 MILLION EUROPEAN UNITS OF ACCOUNT SHALL BE ALLOCATED TO THE FRENCH OVERSEAS DEPARTMENTS ,

- 620 000 EUROPEAN UNITS OF ACCOUNT SHALL REMAIN ALLOCATED AS FINANCIAL AID TO THE LEAST FAVOURED OVERSEAS COUNTRIES AND TERRITORIES , IRRESPECTIVE OF THE ZONES WITHIN WHICH THEY FALL ;

( B ) THE SUMS ALLOCATED TO THE FRENCH OVERSEAS TERRITORIES SHALL AMOUNT TO 12.10 MILLION EUROPEAN UNITS OF ACCOUNT , CONSISTING OF :

- 10.10 MILLION EUROPEAN UNITS OF ACCOUNT TAKEN FROM THE PORTION ALLOCATED TO THE FRENCH OVERSEAS TERRITORIES AND DEPARTMENTS ,

- 2.00 MILLION EUROPEAN UNITS OF ACCOUNT PURSUANT TO DECISION 76/569/EEC . '

ARTICLE 3

THIS DECISION SHALL BE PUBLISHED IN THE OFFICIAL JOURNAL OF THE EUROPEAN COMMUNITIES .

DONE AT BRUSSELS , 19 MARCH 1979 .

FOR THE COUNCIL

THE PRESIDENT

R . MONORY