NoL228/38 OfficialJournaloftheEuropeanCommunities 16.8.73
COUNCILDECISION
of24July1973
givingadischargetotheCommissioninrespectoftheimplementation oftransactions
oftheEuropeanDevelopmentFund(1963)(SecondEDF)forthefinancialyear1970
(73/243/EEC)
THECOUNCILOFTHEEUROPEAN COMMUNITIES ,
HavingregardtotheTreatyestablishingthe
EuropeanEconomicCommunity ;
HavingregardtotheConventionofAssociation (*)
betweentheEuropeanEconomicCommunityandthe
AfricanandMalagasyStatesassociatedwiththat
Community ,signedatYaoundéon20July1963;
HavingregardtotheCouncilDecision(2)of25
February1964relatingtotheAssociationofOverseas
CountriesandTerritorieswiththeEuropean
EconomicCommunity ;HavingexaminedtheremarksoftheEuropean
ParliamentonthetransactionsoftheDevelopment
FundsontheoccasionofitsDecisionof9May1973
on'thedischargetobegiventotheCommission in
respectoftheimplementation ofthebudgetofthe
EuropeanCommunities forthefinancialyear1970
andonthereportoftheAuditBoard',hereinafter
referredtoasthe'DischargeDecision';
Recallingthat,inaccordancewiththeprovisions
applicabletotheimplementation oftheEuropean
Development Fund(1963)(2ndEDF),onlythe
Council,actingbyaqualifiedmajority,shallgivea
dischargetotheCommission inrespectofthe
financialadministration oftheFund;
AdoptingtheotherremarksoftheEuropean
Parliament,andinparticularthoseinpoints25—27
ofSectionIIIofitsDischargeDecisionforthe
financialyear1970;
Whereasrevenueforthefinancialyear1970consisted
mainlyofthecontributions oftheMemberStates,
amountingto370millionunitsofaccount,andofthe
Fund'sownrevenue;whereas,moreover,aloanof
57743933unitsofaccountwasgrantedfromthe
treasuryoftheDevelopment FundforOverseas
CountriesandTerritories (1stFund);
Whereastheoverallimplementation bythe
CommissionofthetransactionsoftheEuropean
Development Fundduringthefinancialyear1970
wassuchastoentitleittobegivenadischargein
respectoftheimplementation ofthesetransactions ;HavingregardtotheInternalAgreement (3)
concerningthefinancingandadministration of
Communities 'aid,signedatYaoundéon20July
1963,hereinafterreferredtoasthe'Internal
Agreement',,and'inparticularArticle17thereof;
HavingregardtotheFinancialRegulation (4)ofthe
EuropeanDevelopment Fundsetupunderthe
InternalAgreement,andinparticularArticles7and8
thereof;
Havingregardtotherevenueandexpenditure
accounts,thestatementandthesummaryofthe
transactionsoftheEuropeanDevelopment Fund
(1963)(2ndEDF),adoptedon31December1970;
HavingregardtothereportoftheAuditBoardon
theaccountsforthefinancialyear1970,towhich
reportareannexedtheCommission'srepliesto
commentsmadebytheAuditBoard(5);
HASDECIDED ASFOLLOWS :
(!)OJNo93,11.6.1964 ,p.1431 /64.
(2)OJNo93,11.6.1964 ,p.1472 /64.Article1
(3)OJNo93,11.6.1964,p.1493/64.
(4)OJNo93,11.6.1964,p.1498/64.TheviewsoftheCouncilonComments229and233
oftheAuditBoardareassetoutintheAnnex.(5)Thisreportisavailablefromtheinstitutionsofthe
Communities .

16.8.73 OfficialJournaloftheEuropeanCommunities NoL228/39
Article2 Article3
TheCouncilclosestheexpenditureandrevenue
accountsoftheEuropeanDevelopmentFund(1963)
on31December1970asfollows:TheCouncilgivesadischargetotheCommissionin
respectoftheimplementation ofthetransactionsof
theEuropeanDevelopment 'Fund(1963)(2ndEDF)
forthefinancialyear1970.
DoneatBrussels,24July1973.Revenue
atthesumof371496409·93u.a.
Expenditure (payments)FortheCouncil
ThePresident
I.NØRGAARD atthesumof383124529·41u.a.

NoL228/40 OfficialJournaloftheEuropeanCommunities 16.8.73
ANNEX
1.CommentNo229bytheAuditBoardondelaysinimplementinginvestmentprojectsand
theconsequentexceedingofappropriations .
TheCouncilpointsoutthat,atits237thmeetingon2and3April1973,itadopteda
'Resolutionontheexceedingofappropriations duringimplementation ofprojectsfinanced
bytheEuropeanDevelopmentFund'.TheCouncil,concernednotonlybythefinancialbut
alsothepoliticaleffectsofexceedingappropriations ,resultinginanappreciableincreasein
thefinalcostoftheseprojects,andanxious,moreover,toretainfortheEuropean
DevelopmentFundthewidestpossiblepowersofinterventionforthebenefitofthe
AssociatedStates,countriesandterritories,accordinglyapprovedintheResolutionthe
Commission'spolicyinthismatterandfound,inagreementwiththeCommission ,thatthe
administrative rulescurrentlyinforceshouldbesupplemented bycertainnewmeasures,set
forthintheabovementioned Resolution,toprovidemoreeffectivesafeguardsagainst
exceedingappropriations .
2.CommentNo233bytheAuditBoardontheprogrammetotrainjuniorandsenior
managementandadministrative stafffortheCongoTransportOffice(OTRACO).
TheCouncil,notingtheAuditBoard'sintentiontocommentindetailontheimplementation
ofthistrainingprogrammeafterithascheckedthatthefilesonthissubjectareclosed,
agreestopostponeitsdiscussionontheAuditBoard'sremarksuntilthelatterhasadopted
itsfinalposition.