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( 1 ) OJ NO L 347 , 22 . 12 . 1980 ,. P . 210 .

( 2 ) OJ NO L 176 , 1 . 12 . 1976 , P . 8 .

( 3 ) OJ NO L 347 , 22 . 12 . 1980 , P . 1 .

COUNCIL DECISION

OF 13 JULY 1981

ADJUSTING THE AMOUNTS MADE AVAILABLE TO THE EUROPEAN DEVELOPMENT FUND ( 1979 ) FOR THE ACP STATES AND FOR THE OVERSEAS COUNTRIES AND TERRITORIES ( SAINT VINCENT AND THE GRENADINES , REPUBLIC OF VANUATU )

( 81/558/EEC )

THE COUNCIL OF THE EUROPEAN

COMMUNITIES ,

HAVING REGARD TO THE TREATY ESTABLISHING THE EUROPEAN ECONOMIC COMMUNITY ,

HAVING REGARD TO THE 1979 INTERNAL AGREEMENT ON THE FINANCING AND ADMINISTRATION OF COMMUNITY AID ( 1 ), HEREINAFTER REFERRED TO AS THE ' INTERNAL AGREEMENT ' , AND IN PARTICULAR ARTICLE 1 ( 4 ) THEREOF ,

HAVING REGARD TO THE PROPOSAL FROM THE COMMISSION ,

WHEREAS SAINT VINCENT , WHICH WAS ASSOCIATED WITH THE COMMUNITY UNDER COUNCIL DECISION 76/568/EEC OF 29 JUNE 1976 ON THE ASSOCIATION OF THE OVERSEAS COUNTRIES AND TERRITORIES WITH THE EUROPEAN ECONOMIC COMMUNITY ( 2 ), BECAME INDEPENDENT ON 27 OCTOBER 1979 UNDER THE NAME OF SAINT VINCENT AND THE GRENADINES ; WHEREAS , PURSUANT TO THE THIRD SUBPARAGRAPH OF ARTICLE 1 OF COUNCIL REGULATION ( EEC ) NO 3225/80 OF 25 NOVEMBER 1980 ON THE CONCLUSION OF THE SECOND ACP-EEC CONVENTION SIGNED AT LOME ON 31 OCTOBER 1979 ( 3 ), SAINT VINCENT AND THE GRENADINES ARE CONSIDERED A SIGNATORY STATE OF THE SECOND ACP-EEC CONVENTION , HEREINAFTER REFERRED TO AS ' THE CONVENTION ' ; WHEREAS SAINT VINCENT AND THE GRENADINES HAVE NOTIFIED THE CONVENTION , WHICH ENTERED INTO FORCE ON 1 JANUARY 1981 ;

WHEREAS THE NEW HEBRIDES , WHICH WAS ASSOCIATED WITH THE COMMUNITY UNDER COUNCIL DECISION 76/568/EEC , BECAME INDEPENDENT ON 30 JULY 1980 UNDER THE NAME OF THE REPUBLIC OF VANUATU ; WHEREAS THE ACP-EEC COUNCIL OF MINISTERS APPROVED , BY DECISION NO 1/81 , THE REQUEST OF THE REPUBLIC OF VANUATU TO ACCEDE TO THE CONVENTION ; WHEREAS THAT STATE DEPOSITED AN INSTRUMENT OF ACCESSION WITH THE SECRETARIAT OF THE COUNCIL OF THE EUROPEAN COMMUNITIES ON 18 MARCH 1981 ; WHEREAS THE REPUBLIC OF VANUATU THEREFORE ACCEDED TO THE CONVENTION , IN ACCORDANCE WITH ARTICLE 185 THEREOF , ON 18 MARCH 1981 ;

WHEREAS THEREFORE IN ACCORDANCE WITH ARTICLE 1 ( 4 ) OF THE INTERNAL AGREEMENT , THE AMOUNTS INDICATED FOR THE OVERSEAS COUNTRIES AND TERRITORIES IN ARTICLE 1 ( 3 ) ( B ) OF THAT AGREEMENT SHOULD BE REDUCED , AND THE AMOUNTS INDICATED FOR THE ACP STATES IN ARTICLE 1 ( 3 ) ( A ) THEREOF SHOULD BE CORRESPONDINGLY INCREASED ,

HAS DECIDED AS FOLLOWS :

ARTICLE 1

ARTICLE 1 ( 3 ) OF THE INTERNAL AGREEMENT SHALL BE REPLACED BY THE FOLLOWING :

' 3 . THE AMOUNT STATED IN PARAGRAPH 2 SHALL BE ALLOCATED AS FOLLOWS :

( A ) 4 552 MILLION ECU FOR THE ACP STATES , COMPRISING :

- 2 938 MILLION ECU IN THE FORM OF GRANTS ,

- 504 MILLION ECU IN THE FORM OF SPECIAL LOANS ,

- 280 MILLION ECU IN THE FORM OF RISK CAPITAL ,

- 550 MILLION ECU IN THE FORM OF TRANSFERS PURSUANT TO TITLE II ( CHAPTER 1 ) OF THE CONVENTION ,

- 280 MILLION ECU IN THE FORM OF THE SPECIAL FINANCING FACILITY PURSUANT TO TITLE III , CHAPTER 1 OF THE CONVENTION ;

( B ) 75 MILLION ECU FOR THE COUNTRIES AND TERRITORIES , COMPRISING :

- 41 MILLION ECU IN THE FORM OF GRANTS ,

- 27 MILLION ECU IN THE FORM OF SPECIAL LOANS ,

- 7 MILLION ECU IN THE FORM OF RISK CAPITAL ,

- FOR THE RECORD IN THE FORM OF THE SPECIAL FINANCING FACILITY PURSUANT TO THE PROVISIONS OF THE DECISION RELATING TO MINING PRODUCTS ;

( C ) 9 MILLION ECU IN THE FORM OF TRANSFERS FOR THE COUNTRIES AND TERRITORIES , PURSUANT TO THOSE PROVISIONS OF THE DECISION WHICH CONCERN THE SYSTEM FOR STABILIZING EXPORT EARNINGS . '

ARTICLE 2

THIS DECISION SHALL APPLY WITH EFFECT FROM 1 MAY 1981 .

DONE AT BRUSSELS , 13 JULY 1981 .

FOR THE COUNCIL

THE PRESIDENT

LORD CARRINGTON