ARCHIVESHISTORIQUES
DELACOMMISSION
COLLECTION RELIEEDES
DOCUMENTS "COM"
COM(82)554
Vol.1982/0177

Disclaimer
Conformément aurèglement (CEE, Euratom) n°354/83 duConseil du1erfévrier 1983
concernant l'ouverture aupublic desarchives historiques delaCommunauté économique
européenne etdelaCommunauté européenne del'énergie atomique (JOL43du15.2.1983,
p.1),telquemodifié par lerèglement (CE, Euratom) n°1700/2003 du22septembre 2003
(JOL243du27.9.2003, p.1),cedossier estouvert aupublic. Lecaséchéant, lesdocuments
classifiés présents dans cedossier ontétédéclassifiés conformément àl'article 5dudit
règlement.
Inaccordance with Council Regulation (EEC, Euratom) No354/83 of1February 1983
concerning theopening tothepublic ofthehistorical archives oftheEuropean Economic
Community andtheEuropean Atomic Energy Community (OJL43,15.2.1983, p.1),as
amended byRegulation (EC, Euratom) No1700/2003 of22September 2003 (OJL243,
27.9.2003, p.1),this fileisopen tothepublic. Where necessary, classified documents inthis
filehave been declassified inconformity with Article 5oftheaforementioned regulation.
InÜbereinstimmung mitderVerordnung (EWG, Euratom) Nr.354/83 desRates vom 1.
Februar 1983 über die Freigabe der historischen Archive der Europäischen
Wirtschaftsgemeinschaft undderEuropäischen Atomgemeinschaft (ABI. L43vom 15.2.1983,
S.1),geändert durch dieVerordnung (EG, Euratom) Nr.1700/2003 vom 22.September 2003
(ABI. L243vom 27.9.2003, S.1),istdiese Datei derÖffentlichkeit zugänglich. Soweit
erforderlich, wurden dieVerschlusssachen indieser Datei inÜbereinstimmung mitArtikel 5
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COMMISSION
OFTHE
EUROPEAN COMMUNITIES
GeneralSecretariatCOM(82)554 final
Brussels,9September1982
FOROFFICIAL USEONLY
COMMUNICATION FROMTHECOMMISSION TOTHECOUNCIL
*
RequestforCouncilassentunderArticle54,secondparagraph-ofthe
ECSCTreatytothegrantingofagloballoantoFinanceforIndustry
Pic.London
C0MC82)554final

FOROPPICIALUSEONLY
NOTETOTHECOUNCIL
Subject:RequestforCouncilassentunderArticle54»secondparagraph,
oftheECSCTreatytothegrantingofagloballoantoFinance
forIndustryPic,London#
I.COMPANY
Applicant ïFinanceforIndustryPic
FinanceforIndustryPicisaU.K.public
"- companyownedbytheBankofEnglandand
severalofthemajorbanks.Itprovides
mediumandlongtermloanfinanceto
industrialcompanies.
Recipients :Industrialcompaniescarryingoutsmall
andmediumsizedinvestmentprojects
whichpromotetheuseofcoal.
II.PROCEDURE
TheCommissionwillgrantFinanceforIndustryPic(FFl)agloballoanof
£10million.Theldanwillwillbedisbursedoverthreeyearsinanumber
ofinstalmentstobedeterminedbytheDirectorate-GeneralforCreditand
:Investmentsinthelightofthe;xharacrteristics oftheborrowingresources
utilized.
Projectswhichcostnotmorethan£2millionwillbeeligiblesubrloans
underthegloballoanprovidedthattheygiveanundertakingtouseat
least50%Communitycoal.Projectscostingmorethan£2millionwill
bfeconsideredfordirectloansbytheCommissionunderthenormalrules
ofprocedureforsuchtypesofloan.
Itisanticipatedthatmostoftheappliantsforsub-loanswillbe-small
andmediumsizedenterprisesbullargerenterpriseswillalsobeeligible
forsub-loanswhentheprojectexpenditurefallsunderX2million.
FFIoritsfinancialsubsidiaries Industrial andCommercialFinance
Corporation (ICFC)andFinancecorporationfor.Industry(FCl)wlichwill,
havethesamecontractualobligationsasFFI,willsubmitannualreports
totheCommissiononthestateofprogressontheprojectsfinancedand
onwhethertheenterprisesreceivingthelodaaremeetingtheircoalsupply
commitments.

•*2«–
III.COMPLIANCE WITHARTICLE54.SECONDPARAGRAPH.OFTHEECSCTREATY
TheMemberState'softheEuropeanCommunityhavesetthemselvesthe
goalofreducingtheirdependenceonoilimports.Thischangeinenergy..-
utilizationpatternsrequiresgreaterandmorevarieduseofcoal,ashas
beenstressed,particularly inthedeclarations publishedafterthe
EuropeanCouncilinLuxembourgon2Jand28April1980andtheVenice
Summitof22and23JuneI98O.
Thepotentialroleofcoalinpromotingthemorerationaluseofenergy
wasalsounderlinedbytheECSCConsultative Committeeatitsmeeting
of11and12March1982,Finally,inApril,theCommitteeonEnergy
andResearchpresentedamotionforaresolutiononthesamelinesto
theEuropeanParliament*Thesectorsearmarkedforconversiontocoal
includevariousindustrialsectorsanddistrictheatingsystems..
ThegloballoantoFFIwillthereforefacilitatetheimplementation of
investments whichareinlinfcwiththebroadaimsofCommunityenergy
policyandatthesametimeopenupnewoutletsforCommunitycoal.
TheCommissionhasthereforeconcludedthattheapplicationfallswithin
Article54»'secondparagraph,oftheECSCTreaty.
IV.GLOBALLOAN
Loanreqruested
Loangranted
Observations:'■£10million
t:TheCommissionhasapproved,inprinciple,aloanof£10million(approximately 18.2
millionECU)oritsequivalenttotheabove-
mentionedcompanyonthebasisthatthis
projectfallswithintheaimssetoutin -*
Article54»secondparagraph,oftheECSCTreaty.
:Thisisthe.first-globalloantobegrantedunder
Article54»second -paragraph.
FFIhavealreadyreceivedthreegloballoanstotalling
£50millionunderArticle56oftheECSCTreaty
andafourthgloballoanisundernegociation.
Thiswillbethefifthgloballoanbut".the
firsttothemforthepurposeofcoalconversion.
V.COuBCILASSENT
PursuanttoArticle54fsecondparagraph,oftheECSCTreaty,the
CommissionseekstheassentoftheCounciltothegrantingofaglobal
loanof£10milliontoFinanceforIndustryPic,London.
*SeealsoCommission Communication totheCouncilontheroleforcoal
inCommunityenergystrategy.