28.4.77 OfficialJournaloftheEuropeanCommunities NoL105/39
COUNCILDECISION
of5April1977
givingadischargetotheCommissioninrespectoftheimplementation oftheoperationsofthe
EuropeanDevelopmentFund(1963)(2ndEDF)forthe1972financialyear
(77/315/EEC)
Recallingthat,inaccordancewiththeprovisionsapplica­
bletotheimplementation oftheEuropeanDevelopment
Fund(1963)(2ndEDF),onlytheCouncil,actingbya
qualifiedmajority,shallgiveadischargetotheCommis­
sioninrespectofthefinancialadministration oftheFund;THECOUNCILOFTHEEUROPEAN COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity,
HavingregardtotheConventionofAssociationbetween
theEuropeanEconomicCommunityandtheAfrican
StatesandMadagascarassociatedwiththeCommuni­
ty(*),signedatYaoundeon20July1963,
HavingregardtoCouncilDecision64/349/EECof25
February1964relatingtotheassociationoftheoverseas
countriesandterritorieswiththeEuropeanEconomic
Community (2),Whereasrevenueforthe1972financialyearconsisted
mainlyofthecontributions oftheMemberStates,
amountingto697895134-28unitsofaccount,andof
miscellaneous revenueoftheFund;whereas,moreover,
anadvanceof35216819-37unitsofaccountwas
grantedfromtheresourcesoftheDevelopmentFundfor
theoverseascountriesandterritories(1stFund);
Whereastheoverallimplementation bytheCommission ,
oftheoperationsoftheEuropeanDevelopmentFund
(1963)(2ndEDF)duringthe1972financialyearwassuch
astowarrantitsbeinggivenadischargeinrespectofthe
implementation ofthoseoperations,HavingregardtotheInternalAgreementonthefinancing
andadministration ofCommunityaid(3),signedat
Yaoundeon20July1963,andinparticularArticle17
thereof,
HavingregardtoFinancialRegulation64/356/EECof
theEuropeanDevelopmentFundsetupundertheInternal
Agreementonthefinancingandadministration ofCom­
munityaid(4),andinparticularArticles7and8thereof,HASDECIDEDASFOLLOWS :
Article1
Havingregardtotherevenueandexpenditureaccounts,
thestatementandthesummaryofoperationsoftheEuro­
peanDevelopmentFund(1963)(2ndEDF)asat31De­
cember1972,ThepositionoftheCounciloncomments80and81inthe
reportoftheAuditBoardforthe1972financialyearisas
setoutintheAnnex.
HavingregardtothereportoftheAuditBoardontheac­
countsforthefinancialyear1972,towhichreportarean­
nexedtheCommission'srepliestothecommentsmadeby
theAuditBoard,Article2
TheCouncilclosestherevenueandexpenditureaccounts
oftheEuropeanDevelopmentFund(1963)(2ndEDF)as
at31December1972asfollows: HavingregardtotheopinionoftheEuropeanParliament
of14December1976,
Revenue
atthesumof701448955-20unitsofaccount;
Expenditure (payments)
atthesumof582204786-41unitsofaccount.(*)OJNo93,11.6.1964,p.1431/64.
(*)OJNo93,11.6.1964,p.1472/64.
HOJNo93,11.6.1964,p.1493/64.
(4)OJNo93,11.6.1964,p.1498/64.

NoL105/40 OfficialJournaloftheEuropeanCommunities 28.4.77
Article3 DoneatLuxembourg ,5April1977.
FortheCouncil
ThePresident
D.OWENTheCouncilherebygivesadischargetotheCommission
inrespectoftheimplementation oftheoperationsofthe
EuropeanDevelopmentFund(1963)(2ndEDF)forthe
1972financialyear.
ANNEX
PositionoftheCounciloncomments80and81oftheAuditBoardonpricesupportoperations
THECOUNCILcallsupontheCommissiontosubmitwithallspeedacomprehensive reportontheman­
agementandoperationofthefundforthesupportofoilproductssetupin1971andonanyconclusionsto
hedrawnforsimilaroperations .
THECOUNCILrequeststheCommissiontotakethenecessarystepstopaytheadvancegrantedtothe
equalizationfundoftheOCAMSugarAgreement.