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COM (84) 414 
 
 
 
Vol. 1984/0178 
  
 
Disclaimer  
Conformém ent au règlement (CEE, Euratom) n° 354/83 du Conseil du 1er février 1983 
concernant l'ouverture au public des archives historiques de la Communauté économique 
européenne et de la Communauté européenne de l'énergie atomique (JO L 43 du 15.2.1983, 
p. 1), tel que modifié par le règlement (CE, Euratom) n° 1700/2003 du 22 septembre 2003 
(JO L 243 du 27.9.2003, p. 1), ce dossier est ouvert au public. Le cas échéant, les documents 
classifiés présents dans ce dossier ont été déclassifiés conformément à l'article 5 dudit 
règlem ent. 
In accordance with Council Regulation (EEC, Euratom) No 354/83 of 1 February 1983 
concerning the openi ng to the public of the historical archives of the European Econom ic 
Community and the European Atomic Energy Communit y (OJ L 43, 15.2.1983, p. 1), as 
amended by Regulation (EC, Euratom) No 1700/2003 of 22 September 2003 (OJ L 243, 
27.9.2003, p. 1), this f ile is open to the public. Where necessary, classified documents in this 
file have been declassified in conformity with Article 5 of the aforementioned regulation.  
In Übereinstimmung mit der Verordnung (EWG, Euratom) Nr. 354/83 des Rates vom  1. 
Februar 198 3 über die Freigabe der historischen Archive der Europäischen  
Wirtschaftsgemeinschaft und der Europäischen Atomgem einschaft (ABI. L 43 vom  15.2.1983,  
S. 1), geändert durch die Verordnung (EG, Euratom) Nr. 1700/2003 vom 22. Septem ber 2003  
(ABI. L 243 vom 27 .9.2003, S. 1), ist diese Datei der Öffentlichkeit zugänglich. Soweit  
erforderlich, wurden die Verschlusssachen in dieser Datei in Übereinstimmung mit Artikel 5  
der genannten Verordnung freigegeben.  
COMMISSION  
OF THE
EUROPEAN COMMUNITIES
General SecretariatCOM(84) 414 final
Brussels, 23 July 1984
FOR OFFICIAL U S E  ONLY
COMMUN IÇ AT I0N_FR0M_THE_C0MMISSI0N_T0_THE_C01)NCIL
Request for assent, pursuant to Article 56(2a) of the ECSC Treaty  
to the granting of a global loan to the Société Nationale  
de Crédit et d'investissement (S.N.C.I.), Luxembourg
COM(84) 414 final

FOR OFFICIAL USE ONLY
Communication to the Council
Subject :  Request for assent, pursuant to Article 56 2a) of the ECSC Treaty
to the granting of a global loan to the Société Nationale de Crédit 
et d'investissement (  S-Nr.C«I„) ;  Luxembourg*
I. FINANCIAL INTERMEDIARY
No. 400
Applicant Société Nationale de Crédit et d'investissement 
(S*N*C*I*)
Registered Office :  Luxembourg,
Shareholders The capital of the S*N*C*I* is composed 
solely of grants by the Luxembourg State, 
which is the sole shareholder of the S*N*C*I,
II. RECIPIENTS The S*N*C*I* will distribute the global loan 
to small and medium concerns, which create new 
activities and jobs*
Field of Activity of 
recipients:  Industrial and service activities*

t
III. THE PROJECT-  2 -
Procedure The Commission will make LFR 300 million available to 
the S*N*C*I* The Decision will be implemented by the 
conclusion of a framework agreement to be carried out 
in successive instalments,. Subsidiary loans will be 
approved by the relevant departments of the Commission,
Total amount of 
investmentThe Société Nationale de Crédit et d'investissement 
will report to the Commission annually on the use made 
of borrowed funds* The S*N*C*I* will also report to 
the Commission annually on the number of jobs created, 
jobs filled and the number of redundant former ECSC 
workers re-employed*
:  at least LFR 600 million (+ 13*02 MioECU)
IV,THE REGION
Project location :  Grand'Duchy of Luxembourg
Unemployment rate : 1*6 %
National aid status of 
project areaGeneral aid rules with sectoral application
The ECSC industry has bdferv.and still is a major employer in the area.

V.CONFORMITY WITH ARTICLE 56 2a) OF THE ECSC TREATY
ECSC redundancies in  
project area:  5,012 C1977 —1982)
Jobs to be created  
by the project:  Approximately 500 of which 325 will be former ECSC  
workers and on which the interest rebate will be  based.
Training:  Provided by public centres of vocational training  
and/or by the concerns involved-
The Commission considers that the application complies with Article 56 2a)  of the ECSC Treaty.
VI. GLOBAL LOAN
Job basis of interest rebate :  325 jobs suitable for former ECSC workers.
VII. COUNCIL ASSENT
The Commission requests the Council to give its assent to the foregoing  
decision ’  >
(1) In accordance with Article 56 application criteria (0J C 191, 16 July 1983).Loan applied for :  L FR 300 million (+ 6-51 MioECU)
Loan to be granted :  The Commission has approved a loan of  
LFR 300 million (about + _  6-51 MioECU) or  
equivalent to the above mentioned institution  
(1)
Interest rebate :  5 percentage points per year for five years  
on 6-5 MioECU