NoL228/36 OfficialJournaloftheEuropeanCommunities 16.8.73
COUNCILDECISION
of24July1973
givingadischargetotheCommissioninrespectoftheimplementation ofthetransactions
oftheDevelopmentFundfortheOverseasCountriesandTerritories (1stFund)forthe
financialyear1970
(73/242/EEC)
FundfortheOverseasCountriesandTerritories (1st
Fund),onlytheCouncil,actingbyaqualified
majority,shallgiveadischargetotheCommissionin
respectofthefinancialadministration oftheFund;
AdoptingtheotherremarksoftheEuropean
Parliament,andinparticularthoseinpoints25—27
ofSectionIIIofitsDischargeDecisionforthe
financialyear1970;
Whereasanadvanceof57743933unitsofaccount
hasbeenpaidtotheEuropeanDevelopment Fund
(1963)(2ndEDF);
Whereastheoverallimplementation bythe
Commission ofthetransactions ofthefirst
Development Fundduringthefinancialyear1970
wassuchastoentitleittobegivenadischargein
respectoftheimplementation ofthesetransactions ;
HASDECIDED ASFOLLOWS :
Article1THECOUNCILOFTHEEUROPEAN COMMUNITIES ,
HavingregardtotheTreatyestablishingthe
EuropeanEconomicCommunity ;
HavingregardtotheImplementing Conventionon
theAssociation oftheOverseasCountriesand
TerritorieswiththeCommunity ,annexedtothe
Treaty;
HavingregardtoCouncilRegulationNo5(*)laying
downdetailedprovisionsrelatingtothecollection
andtransferoffinancialcontributions ,thebudgeting
andadministration oftheresourcesofthe
DevelopmentFundfortheOverseasCountriesand
Territories,andinparticularArticle16thereof;
HavingregardtoprovisionalCouncilRegulationNo
6(2)relatingtotheresponsibility ofauthorizingand
accountingofficersfortheresourcesofthe
DevelopmentFundfortheOverseasCountriesand
Territories ;
Havingregardtotherevenueandexpenditure
accounts,thestatementandthesummaryof
transactionsoftheDevelopment Fundforthe
OverseasCountriesandTerritories (1stFund),
adoptedon31December1970;
HavingregardtothereportoftheAuditBoardon
theaccountsforthefinancialyear1970,andin
particularthesecondpartthereofdevotedtothe
DevelopmentFunds,towhichreportareannexedthe
repliesoftheCommissiontothecommentsofthe
AuditBoard(3);
HavingexaminedtheremarksoftheEuropean
ParliamentonthetransactionsoftheDevelopment
FundsontheoccasionofitsDecisionof9May1973
on'thedischargetobegiventotheCommissionin
respectoftheimplementation ofthebudgetofthe
EuropeanCommunitiesforthefinancialyear1970
andonthereportoftheAuditBoard',hereinafter
referredtoasthe'DischargeDecision';
Recallingthat,inaccordancewiththeprovisions
applicabletotheimplementation oftheDevelopmentTheviewsoftheCouncilonCommentNo210ofthe
AuditBoardareassetoutintheAnnex.
Article2
TheCouncilclosestheexpenditureandrevenue
accountsoftheEuropeanDevelopmentFundforthe
OverseasCountriesandTerritorieson31December
1970asfollows:
Revenue
atthesumof582520065·62u.a.
Expenditure (payments)
atthesumof524776133·04u.a.
Article3
TheCouncilgivesadischargetotheCommissionin
respectoftheimplementation ofthetransactionsof
theDevelopment FundfortheOverseasCountries
andTerritories (1stFund)forthefinancialyear1970.
DoneatBrussels,24July1973.
(*)OJNo33,31.12.1958,p.681/58.
HOJNo33,31.12.1958,p.686/58.FortheCouncil
ThePresident
I.NØRGAARD(3)Thisreportisavailablefromtheinstitutionsofthe
Communities .

16.8.73 OfficialJournaloftheEuropeanCommunities NoL228/37
ANNEX
CommentNo210oftheAuditBoardonthedevelopmentofthecommitments ofthe
DevelopmentFundfortheOverseasCountriesandTerritories (1stFund)
TheCouncilpointsoutthat,anxioustoensuretheefficientfinancialadministration ofthe
DevelopmentFunds,itadoptedon30May1972a'Decisiononthetransferanduseofthe
unexpendedbalancesoftheDevelopmentFundfortheOverseasCountriesandTerritoriesset
upundertheImplementing ConventionannexedtotheTreatyestablishingtheEuropean
EconomicCommunity'.
BythisDecisionthebalancesofappropriations notspentwhenimplementing theprojectsof
the1stEDFaretransferredtothe2ndEDFandusedexclusivelyforfinancingeconomicand
socialinvestmentprojects.
Theunexpendedbalancestransferredinthiswayareusedinaccordancewiththeprocedures
laiddownintheInternalAgreementconcerningthefinancingandadministration ofCommunity
aid,signedatYaoundéon20July1963.
Finally,theEDFCommitteeshallbekeptinformedbytheCommissionsemi-annually ofthe
unexpendedbalances,theirnatureandthevolumeofthetransfersmade.