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Vol. 1983/02 34 
  
 
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 opening to the public of the historical archives of the European Economic 
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 file 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 1983 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 SecretariatC O M (83) 629 final 
B ru s s e ls , 2 6  October 1 9 8 3
FOR OFFICIAL USE ONLY
C om m unication from  the C om m ission to the Council
Request for assent, pursuant to Article.5 6  2a) of the E C S C  Treaty 
to the granting of a  global loan to the B a n k  of Scotland,
United K in g d o m
COM(83) 629 final

FOR OFFICIAL USE ONLY
Communication to the Council
.ect :  Request for assent, pursuant to Article 5 6  2a) of the E C S C  Treaty
to the granting of a  global loan to the B a n k  of Scotland,
United K in g d o m .
FINANCIAL INTERMEDIARY
No .3 8 6
Appli cant :  B a n k  of Scotland
Registered Office :  Edinburgh
Shareholders T h e  B a n k  w a s established b y  A c t of Parliament 
and is o w n e d  2 4 %  b y  private shareholders; 
the rest is held b y  banking and financial 
institutions w hich include Barclays B a n k  
(3 5 % )an d  the K uw ait Investment Office (9 % ).
RECIPIENTS T h e  B a n k  will pass o n  the loan in the fo rm  
of sub-loans to small and m edium -sized firms 
w h ich  are expanding existing activities or 
creating n e w  ones.
Field of Activity of 
ree ipi ents Industrial an d  service activities.
....... . li, p  dr In  I  n , ?00 I »  -  1 0  I O  RM j: ■  % nI· ,  _  Tr Irpt-rnr »100 J O  - » s  K .)  40 -  Irlcoror·'.· od.'..·.,· < n e 1  >

- 2 -
THE PROJECT
Procedure :  T he Commission will m ake £ 5  m  (about 8.575 M io E C U )
available to the B ank of Scotland, to be paid in 
tranches over four years as sub-loans are approved 
by the Commission's departments.
T he B ank of Scotland will report annually on the 
use m ade of the global loan. T he B ank will also 
report each year on the re-employment of former E C S C  
workers in the firms financed from the global loans.
ot r i  L  a m o u n t of
investm ent :  a t L ea st £  1 0  m  (  +  17.15 M i o E C U
u n e m p lo y m e n t rate :  J u n e  1 9 8 3
Scotland overall 14.5%  (323,887)
Strathclyde 16.9%  (184,277)
W est Central 1 7 %  (180,949)
Dumfries and Galloway 12.6%  (6,966)
Fife 12.7%  (17,240) •
Lothian 11.8%  (40,789)
National aid status of
project area :  Assisted areas, and coal and steel conversion areas.
The ECSC industry has been and still is a major employer in the area.THE REGION
Project location :  Those areas in Scotland where there have been coal
and steel closures in recent years.

- 3 -
J. C O N F O R M I T Y  W I T H  A R T I C L E  5 6  2 a) O F  T H E  E C S C  T R E A T Y
E C S C  redundancies in
project area :  D uring the period 1970-1982 em ploym ent in the
Scottish coal industry fell b y  almost 14,000 to 
around 20,000. D uring the sa m e  period em ploym ent 
in metal manufacture, of w hich the bulk is iron 
an d  steel, fell b y  over 23,000 to around 16,500. 
T h e  decline in the latter industry has been parti­
cularly severe in Strathclyde with job losses of 
well over 12,000 in the m o re recent period.
Jobs to be created 
by the project :  6 4 5
Training T hrough M a n p o w e r Services C o m m ission and loan 
recipients.
T h e  C om m ission considers that the application complies w ith Article 5 6  2 a) 
of the E C S C  Treaty.
VI. GLOBAL LOAN
Loan applied for £  5  m  (8.575 M io E C U )
Loan to be granted T h e  C o m m ission has approved a  loan o f 
£  5  m  (about 8.575 M io E C U )  o r
equivalent to the above m entioned institution 
(1)
Interest rebate 5  percentage points per year for f i v e  year; 
8.575 M i o E C U on
Job basis of interest rebate :  4 2 9  jobs suitable for form er E C S C  workers,
to w h o m  they w i l l  b e  offered in  priority.
V I I .  C O U N C I L  A S S E N T
T h e  C om m ission requests the Council to give its assent to the foregoing 
decision
(1) In  accordance with Article 5 6  application criteria (0 J C  191, 1 6  July 1 9 8 3 )