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COM (83) 400 
 
 
 
Vol. 1983/0 150 
  
 
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
COM(83) l+OO final  
Brussels, 18 July 1983
<a I
EUROPEAN COAL AND STEEL COMMUNITY
1 9 8 2
COM(83) l+OO final

COMMISSION OF THE EUROPEAN COMMUNITIES
COM (8j) ifOO final 
Brussels, 18 July 1983
E U R O P E A N  C O A L  A N D  
ECSC FINANC
1 9 8S T E E L  C O M M U N IT Y
1  A L  REPORT
2
COM(83) UOO final

CONTENTS 1 1 1
Activities 1 5 /
E c o n o m ic  background and trends in the sector / 6  /
E C S C  L ending and guarantee operations 1 6 /
E C S C  borrowing operations / 6  /
O th er E C S C  activities / 6  /
E C S C  operating budget - Implementation at 3 1  D ecem b er 1 9 8 2  1 6 /
E C S C  financial statements 1 5 1
E C S C  balance sheets at 3 1  D ecem b er 1 9 8 2  and 1 9 8 1  / 6  /
R e v e n u e  and expenditure accounts for years ending 3 1  D ecem b er 1 9 8 2  
a n d  3 1  D ecem b er 1 9 8 1  / 6  /
Allocation of surplus revenue over expenditure for years ending 
3 1  D ecem b er 1 9 8 2  and 3 1  D ecem b er 1 9 8 1  / 6  /
R e p o rt of the Court of Auditors o n  the financial statements of the E C S C  1 5 1
A n n e x e s 1 5 1
C h a n g e s in financial situation for year ending 3 1  D ecem b er 1 9 8 2  1 6 /
C h a n g e s in reserves and provisions 1 6 /
Allocation of net operating incom e for 1 9 8 2  1 6 /
Statem ent of consolidated debt at 3 1  D ecem b er 1 9 8 2  1 6 /
A nalysis of loans outstanding 1 6 /
M a in  characteristics of loans paid in 1 9 8 2  / 6  /
M a in  characteristics of borrowings outstanding at 3 1  D ecem b er 1 9 8 2  1 6 /
Operations under the E C S C  operating budget / 6  /

-  2 -
E C S C  / 3  /
T h e  E uropean C oal and Steel C o m m u n ity  w a s established under a  Treaty signed 
in Paris o n  1 8  April 1 9 5 1  b y  the Federal Republic of G erm any, Belgium , 
France, Italy, L uxem bourg and the Netherlands. T h e  Treaty c a m e  into force 
in 1 9 5 2  for a  period of 5 0  years. O N  1  January 1973, D enm ark, Ireland and 
the United K in g d o m  b ecam e m em b ers of the E C S C . Greece acceded to the Treaty 
o n  1  January 1981. T h e  ten m e m b e r countries are hereinafter referred to 
as the 'M em b er States'.
C O M M I S S I O N / 3  /
T h e  Single C om m ission of the E uropean C om m unities exercises the pow ers and 
responsibilities devolving upon the former H ig h  Authority in accordance w ith 
the rules laid d o w n  b y  the E C S C  Treaty.
O n  3 1  D ecem b er 1982, the M e m b e rs of the C om m ission, w hose renewable term  
runs for four years, w ere:
G aston T horn 
François-Xavier Ortoli 
W ilhelm  H aferkam p 
Lorenzo Natali 
Etienne D avignon 
Christopher T ugendhat 
A ntonio Giolitti 
Richard B urke 
Giorgios Kontogeorgis 
Karl-Heinz Narjes 
Frans Andriessen 
Ivor Richard 
Poul Dalsager 
E dgard PisaniPresident
Vice-President
Vice-President
Vice-President
Vice-President
Vice-President.
M e m b e r
M e m b e r
M e m b e r
M e m b e r
M e m b e r
M e m b e r
M e m b e r
M e m b e r
T h e  credit and investments sector is the special responsibility of 
M r  François-Xavier Ortoli.
D I R E C T O R A T E - G E N E R A L  F O R  C R E D I T  A N D  I N V E S T M E N T S  / 3  /
T h e  Directorate-General for Credit and Investments conducts the E C S C 's m ain 
financial operations, under the authority of Antonino Nicoletti, Director-General 
(until 3 1  A ugust 1982). Antoine V a n  G oethem , Director, Borrowings and 
Administration of F u n d s (acting Director-General from  1  Septem ber 1982), 
and Ottokar H ahn, Director, Investments and Loans. M r  Enrico Cioffi w a s 
appointed Director-General o n  1 4  D ecem b er 1 9 8 2  to replace M r  Nicoletti.
Address: Jean M o n n et Building, B P  1970, L uxem bourg. T el. 430 11.

- 3  -
E C U  / 3  /
.  _ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  .  _ _ 1 . .B y
 virtue of the C om m ission Decision of 1 9  D ecem b er 1 9 8 0  the E C U  replaced 
the E U A  for operations under the E C S C  Treaty from  1  January 1981.
T h e  E C U  is a  composite m onetary unit^m ade u p  of a  basket of the following 
am ounts of M e m b e r States' currencies :
BFR 3.66 FF 1.15 LFR 0.14
DKR 0.217 IRL 0.00759 HFL 0.286
D M  0.828 L IT  1 0 9  U K L  0.0885.
T h e  equivalent of the E C U  in any currency is equal to the s u m  of the 
equivalents in that currency of the am ounts of each of the currencies 
m ak in g  u p  the E C U .
E a c h  day the C om m ission calculates the rate of the E C U  against 2 1  currencies 
o n  the basis of the exchange rates recorded at 1 4 3 0  hours b y  each central 
bank. T h e  rates are available shortly after 1 5 0 0  hours and are sent to the 
national m onetary authorities and to the E M C F  secretariat, w h ich  uses th em  
in the accounts for operations under the E uropean M onetary System . T hese 
rates m a y  b e obtained each day b y  telex automatic answering service 
(Telex 23789, Brussels type C C C C  to engage the automatic system ) and are 
published in the C  series of the Official Journal of the E uropean C om m unities.
T h e  E C U  conversion rates used for the various C o m m u n ity  an d  non -C o m m u n ity  
currencies are listed o n  page 67.
jO J  L  349, 23.12.1980.
^The drachma will be incorporated not later than 3 1  December 1985; it will 
be incorporated earlier if the composition of the ECU is revised before that  
date in accordance with the procedures and conditions laid down in the  
European Council's Resolution of 5  December 1 9 7 8  on the European Monetary  
System.

- 4  -
Activities / 1  /
E co n o m ic background and trends in the sector / 3  /
General econom ic situation / 4  /
T h e  C om m unity's eco n o m y  in 1 9 8 2  failed to live u p  to the hopes of a  
significant upturn in activity around the m iddle of the year and the 
levelling-off of unem ploym ent expected at the end of the year.
G ross domestic product rose very slightly in 1 9 8 2  (by 0.2% ), but industrial 
production in the ten C o m m u n ity  countries dropped b y  m o re than 1 %  com pared 
with the previous year (112.8 com pared w ith 114.6)” * , the fall being 
m o re pronounced in capital goods (112.1 com pared with 113.6) than in 
consum er goods (113.4 com pared with 113.6). In D ecem ber capital goods 
production fell to its low est level for three years.
E m p lo y m en t dropped again: unem ploym ent, w hich averaged close o n  8 %  
of the w orking population in 1981, rose to over 9 %  in 1982.
T h e  increase in consum er prices slow ed dow n, m ainly because of the 
drop in the dollar prices of various commodities.
O n  the whole, foreign trade im proved slightly. T h e  C om m unity's exports^ 
to n on-m em ber countries increased in value b y  7 %  com pared with 1981.
Imports from  these countries increased b y  5 %  although this w a s m o re 
m arked at the beginning of the year than at the end. Imports of ra w  
materials fell slightly. T h e  deficit in the C om m unity's current balance 
of paym ents with the rest of the world am ounted to around 0 .5 %  of gross 
dom estic product, com pared with 0 .8 %  in 1 9 8 1  and 1 .3 %  in 1980.
T h e  high interest rates w hich persisted for m ost of the year increased 
the uncertainty about w h e n  and to w hat extent there w ould be a  recovery 
in the C o m m u n ity  and other industrialized countries. H ow ever, although 
interest rates rem ained very high in Europe, they did not prove as 
unstable as in the United States. This explains w h y  the dollar fluctuated 
considerably against the European currencies.
B ase 1 9 7 5  =  100, Eurostat statistics. 
Excluding Greece.

- 5  -
G ross domestic product continued to stagnate in the early m onths of 
1983. B u t the beginnings of a  fall in real interest rates and the limited 
rebuilding of stocks, w hich had been run d o w n  in 1982, should prom pt 
a  recovery in investment in the second half of the year. This w o u ld  
provide a  m oderate stimulus for G D P  growth, w hich could rise to around 
2 %  in the second half of the year. This result w o u ld  b e facilitated 
if, as seem s likely, oil prices w ere to continue their present d o w n w a rd  
course. T h e  effects w ould be beneficial in term s of growth, reduced 
inflation and the restoration of balance of paym ents equilibrium.

-  6 -
Steel industry / 4  /
T h e  continuing recession, w hich reduced the volum e of dem and, and the 
structural changes w hich continued to affect the supply of steel products 
at w orld level m a d e  1 9 8 2  an  even m o re difficult year for the steel 
industry than the previous one.
C o m m u n ity  production of crude steel in 1 9 8 2  w a s 111.4 million tonnes,
1 1 -6 %  d o w n  o n  the 1 9 8 1  figure w hich itself w a s 2 .1 %  low er than in 1980.
T h e  labour force contracted b y  3 5  000 to 5 1 3  600.
Deliveries within the C o m m u n ity  dropped b y  m o re than 1 0 %  and exports 
to n on-m em ber countries - 18.3 million tonnes - w ere 2 2 %  low er than 
in 1 9 8 1  while imports from  these countries - 8.8 million tonnes - increased 
b y  3 4 % .
Despite the reduced dem and, steel prices im proved distinctly in the 
first quarter of 1 9 8 2  as a  result of the discipline displayed b y  the 
producers at the instance of the C om m ission. This recovery w a s underm ined 
b y  the m onetary fluctuations in the second half of the year. If allowance 
is m a d e  for increased production costs, it will be seen that over the 
year as a  w hole the situation of the steel com panies did not im prove.
T h e  investment survey conducted b y  the C om m ission early in 1982 indicated 
that crude steel production capacity w ould b e around 193.1 million tonnes 
in 1982, i.e. 2 .5 %  low er than the previous year, and that the production 
capacity for finished rolled products (148.8 million tonnes) w ould 
b e 2 .1 %  low er than in 1981.
T h e  capacity utilization rate w a s around 5 7 %  for crude steel and finished 
rolled products. Since the profitability threshold is usually over 
6 0 % , m o st plants in the C o m m u n ity  w ere obviously operating in very 
poor conditions.
Despite the unfavourable circumstances, corporate investment expenditure 
increased b y  around 1 7 %  com pared with the previous year: 2  910 million E C U  
instead of 2  4 92 million E C U  at current prices.
According to th· surrey just referred to, which does
not take account of the Member States' latest restructuring  
programmes, crude steel production potential in 19&5 works  
out at an annual 187*6 million tonnes*
Notwithstanding the planned capacity cutback of 5*5 
million tonnes a year between 1982 and 1985, the supply/demand  
imbalance necessitates further restructuring: the estimates in  
the General Objectives for steel indicate that around 140-145 
million tonnes would be sufficient capacity for 1985·  ~

- 7  -
C o a l industry / 4  /
F o r the third year running, the C om m unity's gross energy consum ption 
w a s  d o w n . A t 8 7 2  million tonnes oil equivalent, 4 .1 %  low er than in 
1981, consum ption w a s at its lowest level since 1975.
C o a l production dropped b y  4.4 million tonnes from  245.6 million tonnes 
in 1 9 8 1  to 241.2 million tonnes in 1982. This w a s  the net result of 
increases of 0.8 million tonnes in the Federal Republic of G e rm a n y  
a n d  0.4 million tonnes in B elgium  and reductions of 3.9 million tonnes 
in  the United K in g d o m  and 1.7 million tonnes in France. H ow ever, pithead 
stocks continued to increase, reaching 5 0  million tonnes at the en d  
o f 1982, i.e. 3.9 million tonnes m o re than at the end of 1981. W ith  
consum ption at 3 30 million tonnes, there w a s  a  slight reduction in 
im ports from  non-C om m unity countries.
C o a l prices tended to fall o n  the w orld m arket and the operating results 
o f coal com panies in the C o m m u n ity  did not im prove.
T h e  continuing poor situation in the C o m m u n ity  coal industry forced 
com panies to reorganize. T h e  num ber of underground w orkers dropped 
b y  over 1 0  000 (m ore than 7  0 00 of these in the United K ingdom ), leading 
to a n  im provem ent in productivity w hich reached the record level of 
4 3 9  k g  per m an-hour.
T h e  investment survey conducted early in 1 9 8 2  indicated that investment 
expenditure w ould am ount to 1  8 33 million E C U  com pared w ith 1  7 5 1  million E C U  
in  1981. This is an increase of alm ost 5 %  at current prices but probably 
a  sm all drop in real terms. Extraction potential rem ained unchanged 
at 244.3 million tonnes a  year.
T h e  considerable investments m a d e  in the coal industry in recent years 
thus appear to b e sufficient only to maintain production, an y  increase 
being checked b y  the reduction in total energy dem and, the difficulty 
of increasing d em an d  for coal appreciably, especially industrial dem and, 
a n d  the competitive prices for coal offered o n  the w orld m arket.

-  8 -
E C S C  lending and guarantee operations / 3  /
1. T h e  general trend in 1 9 8 2  / 4  /'
A t 740.6 million E C U , the total am ount of loans disbursed b y  the E C S C  
in 1 9 8 2  w a s 9 1 %  higher than the 1 9 8 1  figure of 387.6 million E C U .
This substantial recovery is due to massive increases in loans to the 
coal industry (7 3 8 % )’  and other industries (7 3 6 % ) and less pronounced 
increases for conversion (89% ), thermal pow er stations (5 4 % ) and workers1  
housing (22% ).
H ow ever, there w a s a  further fall in lending to the steel industry 
for the second year running, although it w a s less m arked than in 1 9 8 1  
(3 7 %  com pared with 4 8% ). T h e  drop m ainly reflects the Com m ission's 
selectivity in this field, in accordance with the restructuring policy 
guidelines*
In general, the E C S C  is playing an  increasingly important role in the 
financing of energy projects (coal, thermal pow er stations and other 
projects involving the use of coal). This trend should continue since 
the C om m ission has decided to grant interest.subsidies for investment 
aim ed at promoting the consum ption of C o m m u n ity  coal^.
O J  C  343, 31.12.1982.

- 9 -
TABLE 1
Loans in  1982 by c o u n tr y  / 5 /
(mi L lio n  ECU) 1 1 1
M em ber
StateI II I I IGrand
Coal
industrySteel
industryThermal
power
station sOtherTotal
IIndustrial
conversiorWorkers'
housingto ta l
Belgium 17.0 1.0 18.0
Denmark1 .7 0 ,1 1 .8
F R  of Germany 90,4 40.0 5.7 136.1 43.6 5.0 184.7
Greece 10,9 10.9 0,4 11,3
France 38.8 7,2 16.0 62.0 3,4 3.7 69,1
Ireland 0 ,1 0 .1
Italy 53,3 9.4 62,7 2.4 65.1
Luxembourg 5 ,2 0 .3 5 .5
Netherlands 39.4 39.4 4 ,4 0 ,4 44,2
United Kingdom 127,1 24,9 24,9 176,9 87,5 4,7 269,1
Community 256,3139-940,9- - - - - - - - - - - - - 1 - - - - - - - - - - - -
50
,9 488.0 162,8 18.1 668.9
Non-Community’ ' - - - 71.7 71,7 - - 71.7
Total 256.3'139,940.9 122,65 5 9 «  7162,8 18,1 7 4C . 6
Investment in a Brazilian iron-ore mine.

-  10  -
Financing of industrial investments (Article 54, paragraph 1  of the 
E C S C  Treaty)
E C S C  loans for financing industrial investments (steel, coal, thermal 
po w er stations and other sectors such as shipbuilding and iron ore) 
am ounted to 559.7 million E C U  in 1982, of w hich 488.0 million E C U  w a s 
for projects within the C om m unity. This is 9 5 %  u p  o n  the 1 9 8 1  figure.
- Charts 2  and 5 .

TABLE 2
Loans for industrial investment 1 5  1
(million ECU) 111
-Total loans  
paid at . 
31.12.1981 'New loans 
in 1982Total loans  
paid at 
31.12.1982Balance
outstanding at  
31.12.1982
Belgium 215,8- 215,8 103.7
Denmark 59.3 - 59,3 35,8
FR of Germany 1 953.0 136.1 2 089.1 992.*
Greece - 10,9 10,9 10.9
France 1  424,4 62,0 1  486,4 1  003,3
Ireland 31.1 - 31,1 31,1
Italy 1  282,9 62.7 1  345,6 928.4
Luxembourg 152,2 - 152.2 135.3
Netherlands 168,9 39,4 208.3 120,5
United Kingdom 2 265. 5 176,9 2 442,4 1  903.5
Community 7 553 ,1 488 ,0 8 041 . 1 5 265.1
Non-Community 7.4 71.. 7 79.1 79.1
Total 7 560,5 559.7 8 120.2 5 344,2
After adjustment for the new rates for converting national currencies into  
ECU (see p. 67).

-  12  -
Financing of investments in the steel industry (Article 54, paragraph 1  
of the ECSC Treaty [ _ 5_/
ECSC loans to the steel industry fell from 224.0 million ECU in 1981  
to 140,0 million ECU in 1982. A total of 16 loans were made during the  
year to undertakings in the Federal Republic of Germany, France, Italy  
and the Netherlands.
Compared with total investment expenditure of 2 900 million ECU in the  
steel industry” !, the contribution of ECSC loans towards financing  
investments remained modest: less than 5%. However, ECSC loans
accounted for some 60% of investment expenditure in the Benelux countries  
in 1982 and 59% in Denmark between 1978 and 1982.
Estimate excluding Greece.

- 13 - 
TABLE 3
Loans paid to steel undertakings / 5 /
(million ECU) / 7 /
1978 1979 1980 1981 1982
Belgium - _ — -
Denmark 13 - 4 - -
FR of Germany 53 114 91 46 40
Greece - - - - -
France 58 72 121 77 7
Ireland - 14 - 11 -
Italy 112 90 134 90 53
Luxembourg 73 15 64 - -
'Netherlands 42 - - - 40
United Kingdom 19 11 4 “
Communi ty 370 316 418 224 140
Non-Community - - 6 - -
Total 370 316 424 224 140

- 14 - 
TABLE 4
Proportion of investment in the steel industry financed by ECSC loans / 3 /
1978 1979 1980 1981 1982 (*}
Belgium- - - -
Denmark 1978-1982 :  59#
FR of Germany 12# 22 # 13# 6# 5#
.Greece - - - · - -
France 15# 2 34# 20#2#
Ireland 1978-1982 :  26 #
Italy 25# 21# 23# 16# 5#
Luxembourg 6$ 13# 56# - -
Netherlands 65 # -# - 62#
United Kingdom 4 # 4 # 1  # - -
Total 18 # 15 # 17 # 9# 5#
Provisional figures.

- 15 -
TABLE 5
Loans made at rate of borrowing / 5 /
Country Date of paymentDate of Commission  
decision approving  
loanRecipient
FR of Germany 25.2.1982121.5.1975 Klöckner-Werke AG, Duisburg:
Wide hot-rolled strip mill and expansion of crude steel production  
at Bremen.
24.11.1982 4.10.1982 Rogesa Roheisengesellschaft Saar GmbH,  
Di Hingen
Concentration of cast iron production for Dillingen Hüttenwerke AG and  
Arbed Saarstahl GmbH at the Di Hingen plant.

- 16 -
Country Date of paymentDate of Commission  
decision approving  
LoanReci pi ent
France 20.7.1982 10.3.1982 Imphy SA, Paris
Construction of a 30 tonne electric arc furnace with Ladle metallurgy  
and vacuum melting.
Construction of a 10 tonne vacuum furnace.
Construction of a semi-continuous casting plant.
Modernization of a rod mill.
Environmental protection installations.
Partial financing of laboratories at St-Germain-en-Laye and a testing  
station at Maizières-en-Metz.28.9.1982 24.6.1977 Irsid, St-Germain-en-Laye

- 1 7  -
Date of Commission
Country Date of payment decision approving Recipient
Loan
2.2.1982
Italy 19.2.1982 27.11.1980 Nuova ItaLsider SpA, Genoa
Programme for restructuring and modernizing the Bagnoli steel complex.
26.2.1982 15.12.1980 Acc. e Ferr. Lombarde Fa^ck SpA, Milan
Programme for restructuring and modernizing the steelworks.
26.2.1982 13.3.1980 Acc. e. Ferr. Trafilerie Cravetto SpA, Milan
Modernizing the steelworks; installation of a continuous casting unit  
for billets.
24.6.1982 4.9.1980 Teksid Acciaierie SpA, Turin
'  Restructuring and modernization of plant.
29.07.1982
21.12.1982 3.12.1981 La Magona d’Italia SpA, Florence
Installation in the Piombino plant of a second coating line (varnished  
thin steel plate).
1.12.1982 13.3.1980 Cravetto SpA, Turin
Modernization of the steelworks and installation of a continuous  
casting plant.
1.12.1982 26.7.1982 Bisider SpA, Brescia
Improvement in competitiveness and reduction in production capacity  
for crude steel and rolled products.

- 18 -
Date of Commission
Country Date of payment decision approving Recipient
loan
Italy 1.12.1982 23.7.1982 Acciaierie di Bolzano SpA, Bolzano
Improvement in the quality of special steels and the company's  
competitiveness.
83.5 million ECU Total of loans made at rate of borrowing - Steel industry
Loans already made for a duration of less than eight years which have been extended for a limited period by reference to the  
original timescale of the investment.

- 19 -
TABLE 6
Loans at reduced interest rates to the steel industry / 5 /
Country Date of paymentDate of Commission  
decision approving  
loanRecipient
FR of Germany 24.11.1982 4.9.1980 Stahlwerke Peine-Salzgitter AG, Salzgitter
Continuous casting facility for blooms at Peine; a second continuous  
casting facility for slabs at Salzgitter.
Alloying and further metallurgic processing plant for steel in the  
moulding shop in the oxygen-blown plant at Peine.

-  20  -
Date of Commission
Country Date of payment decision approving Recipient
loan
Netherlands 29.1.1982 31.7.1981 Estel-Hoogovens BV, Ijmuiden
Renovation and expansion of coke oven unit I with a capacity of  
1.2 million tonnes per year.
Total of loans at reduced interest rates - Steel industry: 56.5 million ECU

-  21  -
Financing of investments in the coal industry (flrticte 54, paragraph 1  
of the ECSC Treaty) 15 1
Loans to the coal industry increased considerably in 1982, reaching  
256.3 million ECU.
Nineteen loans were, granted, nine.of them with interest subsidies in  
accordance with the notice published by the Commission on ^
29 March 1980 on the promotion of investment in the coal industry .  
The loans went to undertakings in three Member States: the Federal
Republic of Germany, France and the United Kingdom.
Investment expenditure in the Community coal industry remained  
unchanged (1 800 million ECU in 1982, as in 1981) so that the  
contribution made by ECSC loans towards financing these investments  
increased from 2% in 1981 to 14% in 1982, thus returning to the  
1980 level.
The proportion of finance accounted for by ECSC loans was high in  
France (60%) and, to a lesser extent, in the Federal Republic of  
Germany too (19%). The ratio between ECSC loans and investment  
expenditure in the United Kingdom is constantly declining since  
other funds have been made available to the National Coal Board.
10J C 79, 29.3.1980.
- Charts 6 and 7

-  22  -
TABLE 7
Loans made at rate of borrowing  
to the coal industry/ 5 /
CountryDate of 
paymentDate of Commission  
decision approving  
LoanRecipient
FR of 
Germany15.11.1982
24.11.1982
10.12.1982
29.12.19824.12.1980 EschweiLer Bergwerksverein AG, Herzogenrath
Enlarging the winding capacity of the  
Emil Mayrisch pit and connecting it to the  
Westfalen pit.
24.11.1982 15.9.1981 Ruhrkohle AG, Essen
Projects to maintain the capacity of high-output  
collieries (Walsum, Westerholt, Prosper, Hans  
Aden).

Date of Commission  
Country Date of payment decision approving
loan
France 25.1.1982 9.12.19751
31.3.1982 22.5.1981- 23 -
Recipient
Charbonnages de France, Paris
Maintenance of the production capacity of HBL which  
is now conducting new investment with shaft bottoms  
Merlebach 1250 and Simon Wendel 1050.
Refitting 43 coke ovens at Carling.
Charbonnages de France, Paris
Maintenace of the winding capacity of the Lorraine  
field in coke-making coal by deepening the  
Sainte-Fontaine mine.

CountryDate of Commission  
Date of payment decision approving
Loan
United Kingdom 19.2.1982 17.11.1980
8.4.1982 29.6.1979
8.4.1982 12.6.198124 -
Recipient
N.C.B., London
Ackton Hall, Hatfield, Lynemouth/Ellington, Shirebrook  
and Pleasley, Dodworth collieries.
Discharge point a t ? ·  the Denby open-cast site.
N.C.B., London
Frickley,Merthyr Vale, Bentley, Bevercotes, Thoresby,  
Ammesley and Bentwick Wooley, Denby Grange collieries
N.C.B., London
Plant and equipment for underground working.
Total of loans made at rate of
borrowing - coal industry: 180.00 million ECU.

- 25 - 
TABLE 8
Loans at reduced interest rates to the coal industry / 5 /
Date of Commission
Country Date of payment decision approving Recipient
L o a n
FR of 2.2.1982 27.10.1980
Germany
3.6.1982
29.12.1982 21.12.1979
29.12.1982 22.12.1981Eschweiler Bergwerksverein AG, Herzogenrath
Enlarging the winding capacity of the Emil Mayrisch  
pit and connecting it to the Westfalen pit.
Westfälische Berggewerkschaftskasse, Bochum
Construction of two new mining industry training  
centres at Bergkamen and Recklinghausen.
Saarbergwerke AG, Saarbrücken  
Stabilization or increase of coal production.

Date of Commission  
Country Date of payment decision approving
loan
France 11.1.1982 22.5.1981Recipient
Charbonnages de France, Paris
Investment programme to maintain the winding capacity  
of the Lorraine opalfield in coke-making coal, by  
deepening the Sainte-Fontaine mine.

CountryDate of Commission  
Date of payment decision approving
Loan
United Kingdom 19.2.1982 22.10.1979
8.4.1982 22.12.1981
27.7.1982 24.6.1982
16.9.1982 26.7.198227 -
Recipient
N.C.B., London
Construction of a boiler testing plant at the Coal  
Research Establishment, Stoke Orchard.
N.C.B., London
Reopening of Thorne collièry  
Roddymoor Colliery Ltd., Witton le Wear
Installation of a new hillside plant at Roddymoor, Durham,  
to replace the Ramshaw plant.
Moray Resources Ltd., London
Purchase of small mines operating under licence from  
the N.C.B.
Total of loans at reduced interest rates -  
coal industry: 76.3 million ECU

- 28 -
Financing of thermal power stations (Article 54, paragraph 2 of the  
ECSC Treaty)
ECSC Loans to finance thermal power stations increased from  
26.6 million ECU in 1981 to 40.9 million ECU in 1982. The ECSC  
financed three projects - two in France and one in the United  
Kingdom.

- 29 - 
TABLE 9
Loans made at rate of borrowing to finance thermal power stations / 5 /
CountryDate of Commission  
Date of payment decision approving
loanRecipient
France31.3.1982
11.6.1982 3.3.1978 Charbonnages de France, Paris
Construction of a new coal-f.ired electricity generating unit  
with an overall rating of 60U MfJ àt Carling.
8.7.1982
29.7.1982 5.6.1980 Centrale Sidérurgique de Richemont, Uckange
Renovation of two 115 MW units.

Date of Commission  
Country Date of payment decision approving
Loan
United Kingdom 30.6.1982 22.10.197930 -
Recipient
Central Electricity Generating Board - Electricity  
Counci 1, London
Drax coal-fired power station.
Total of loans made at rate of borrowing  
to finance thermal power stations: 40.9 million ECU
*

- 31 -
TABLE 10
Loans to finance thermalpower stations / 5 /
fmittion ECU')
1978 1979 1980 1981 1987
Belgium- - 29- -
F f t  of Germany 4 12 23 3-
France 31 29 38 24 16
United Kingdom- - — “ “ 25
Total 35 41 90
.27
L___________________ ________________41
( 3 )

- 32 -
Financing of investments in other sectors (Article 54, paragraph 2 of
the ECSC Treaty) / 5 /
In 1982 the Commission granted eight Loans at rate of borrowing to finance  
projects in the Community and one project in Brazil. Two of these projects  
related to raw material supplies to the European steel industry. Loans paid  
totalled 122.6 million ECU, of which 50.9 million ECU for the projects within  
the Community.

-  33 -  
TABLE 11
Loans made at rate of borrowing in other sectors / 5 /
Country Date of paymentDate of Commission  
decision approving  
loanRecipient
Greece 23.8.1982 12.2.1982 Hellenic Ferroalloys SA, Athens
6.9.1982
29.10.1982Intensification of chromite mining and construction  
plant at Vourinos.
Construction of a ferrochrome plant at Almyros.ofa new enrichment
Italy 26.2.1982
15.12.19822.A.1980 Cantieri Navali Riuniti SpA, Genoa  
Restructuring the shipyard.
United Kingdom 30.6.1982 28.7.1981 British Railways Board, London
Construction of rolling stock specifically designed  
steel.tocarry coal and
Brazil 5.11.1982 31.3.1982 Companhia Vale do Rio Doce, Rio de Janeiro
Plant and equipment for the new CVRD iron ore  
mine at Carajas.
Germany 29.12.1982 15.12.1981 Deutsche Solvay Werke GmbH, Solingen
Extension of an industrial power station with  
back-pressure system and replacement of its  
coal-firing system.
Total loans made at rate of  
borrowing in other sectors:  
122.6 million ECU.

TABLE 12
Loans made in other sectors / 5 /
(million ECU) / 7 /
1978 1979 1980 1981 1982
CountryI ron 
oreOthersIron
oreOthersIron
oreOthersI ron 
oreOthersI ron 
oreOthers
FR of Germany ---------6
Greece ---------11
Italy -1---5-6-9
Netherlands -----5----
United Kingdom 2--------25
Community 21---10 . -6-51
Non-Community --------72-
Total 21---10 -67251

Financing of workers' housing
(Article 54, paragraph 2 of the ECSC Treaty) / 4 /
The housing finance policy continued in 1982. Loans for this purpose are  
normally drawn from the ECSC's own funds at an interest rate of 1% per  
annum on a long-term basis. As a rule, they are granted in the currency  
of the country concerned to avoid exchange risks to recipients.
The very low interest rates charged enable borrowers to combine this  
type of loan with other loans raised on national markets on the prevailing  
terms. Borrowers thus have much larger sums to draw on but still benefit  
from an advantageous average rate.
In 1982 the Commission paid out a total of 18.1 million ECU, including  
17.0 million ECU under the ninth scheme which is now in operation.
Apart from house building projects, ECSC funds were also used for the  
modernization and purchase of existing dwellings. The 1% loans paid from  
own funds totalled 16.1 million ECU; a further 2 million ECU was granted  
from borrowed funds.
These amounts enabled the Commission to finance around 8 000 new  
dwellings, bringing the total number financed by the ECSC to 178 000.

- 36 -
TABLE 13
Loans for workers' housing / 5 /
(million ECU) 1 1 1
Total loans  
paid at . 
_  31.12.1981New loans 
in 19821Total loans  
paid at 
31.12.1982Balance outstanding  
at 31.12.1982
Belgium 35,4 1.1 36,5 8,2
Denmark 1,4 0,1 1,5 0,9
FR of Germany 160,0 5,0 165,0 87,7
Greece - 0,4 0,4 0,4
France 38,0 3,7 41,7 22,7
Ireland 0,6 0,1 0,7 0,6
Italy 3?,5 2,3 34,8 25,3
Luxembourg 6,2 0,3 6,5 2,9
Netherlands 15,8 0,4 16,2 7,3
United Kingdom 11,7 4,7 16,4 12,5
Total301,6 ’18,1 319,7168,5
After adjustment for the new rates for converting national currencies to ECU (see p. 67).

-  37 -
TABLE 14
L o a n s for workers' housing / 5  /
(mi LLion ECU) 111
1978 1979 1980 1 9 8 1 1 9 8 2
B elg iu m 1,9 o,4 0,5 1,1D e n m a r k -o,3 - 0,1F R  of G e r m a n y 5,6 6,1 0,8 5,9 5,0
G reece — _o.4F r a n c e 2,8 3 ,2 o,5 2,3 3,7Ireland0,1 01Italy 2,6 7,3 4,4 5,3o,3
L u x e m b o u r g0,5 0,1 - 0,1 03
N etherlands0,8 0,60,3 0,5 04
U n ited  K in g d o m3,0 3 ,6 1,7 0,1 47
T otal 17,221,6 7,8 14,7 18,1

- 38 -
Financing of investments for industrial conversion / 4 /  
(Article 56 of the ECSC Treaty)
The restructuring of the steel industry has already resulted in a  
considerable reduction in the number of jobs, which fell from 792 000  
in 1974 to 518 000 in 1982.. As in the past, the Commission tried in  
1982 to encourage the creation of new jobs in other sectors by means of  
loans at reduced rates of interest. It also increased its support for  
small and medium-sized businesses. For the sake of efficiency it acted  
through financial institutions, to which it granted global loans which  
were then on-lent to such businesses. During 1982 the Commission paid  
55 conversion loans, 31 of them in the form of global loans to promote  
investment by small and medium-sized businesses.
Total loans increased from 86 million ECU in 1981 to 162.8 million ECU  
in 1982. They should help create 17 000 jobs, 14 000 of them for former  
ECSC workers.
Loans granted pursuant to Article 56 of the ECSC Treaty may qualify for  
interest subsidies on all or part of the amount. The interest rate  
payable on such loans for five years is then three points below the  
normal rate, which matches the rate on the borrowed funds. The reduced  
rate is granted on condition that some of the new jobs created will be  
reserved primarily for workers made redundant in the ECSC industries.
Under the Treaty, requests for loans of this type are submitted to the  
Commission by the government of the Member State concerned. The geographical  
distribution of the loans granted therefore largely reflects the national  
policies on conversion.

- 39 -
TABLE 15
C 5 7 Loans for industrial conversion - Breakdown by country
LI 3 (mi l  lion ECU)
Total loans  
.at .
31.12.1981(1)New loans 
in 1982,(1)Total loans paid  
at 31.12.1982Balance 
outstanding  
at 31.12.1982
BeIgium 56,3 17,0 73,3 25,9
Denmark - 1,7 1,7 1,7
FR of Germany 242,0 43,6 285,6 146,7
Greece - - - -
France 288,1 3,A 291,5 201,1
Ireland 1,7 - 1,7 1,5
Italy 77,7 - 77,7 35,3
Luxembourg 8,1 5,2 13,3 11,8_
Netherlands 28,4 4,4 32,8 10,5
United Kingdom 336,0 87,5 423,5 363,8
Total 1.038,3 162,8 1  .201,1 798,3
(1) After adjustment  
into ECU .(see p.for the new rates adopted for  
67).converting national currencies

- 40 -
TABLE 16
C 5J7 Loans for industrial conversion - Breakdown by industry
CategoryTotal of loanspaid at31.12.1982
(million ECU) %
Global loans 161,07 13,4
Manufacture of motor vehicles  
and accessories 285,2723,7
Iron and Steel 178,06 14,8
Coal,, gas 71,215,9
'Non-ferrous metals 68,445,7
Chemi cals 66,915,6
L Electrical equipment 51,054,3
Articles of cast iron, steel  
and other metals 45,923,8
Paper and printing 42,913,6
Food industries 35,49 3,0
Mechanical engineering 35,16 2,9
Industrial estates 30,412,5
Rubber 24,682,1
■  Power stations 24,55 2,1
Textiles and clothing 13,00 1,1
rCeramic ware, glass, lime and stone 12,141,0
Joinery and furniture manufacture 11,110,9
Aircraft engineering  
Transport
Processing of plastics8,66
8,27
6,200,7
0,7
0,5
Metal engineering 5,140,4
Mi seellaneous 15,451,3
Total, excluding global loans 1040,03 86,6
Grand total 1201,10 100,C

- 41 - 
TABLE T7
C5J Conversion Loans paid in 1982
Country. Date of 
paymentDate of Commission  
Decision approving  
LoanRecipient
Belgium 8. 1.1982 
15.11.198215.· 6.1981 Titech Europe SA, Charleroi
Construction of a titanium  
.  smeLting pLant (2 Loans)
•5. 4.1982 3.12.1981 Utema-Travhydro, Brussels  
Manufacture of pipes at the  
AlLeur plant
5. 4.1982 3.12.1981 Usines à Tubes de la Meuse, Flémalle  
SpëciàT finishing for tubes
15.11.1982 26. 6 1981 Caisse Nationale de Crédit  
Professionnel, Brussels
Global loan for small and medium-  
sized industries
Total conversion loans to  
BeLgium: 17 million ECU
Denmark 29.12.1982 29. 7.1982 Nordisk Faergefart, Faajorg, Zealand  
Carr ferry from Hundested to Norway
Total conversion loans to  
Denmark: 1.7 million ECU

- 42 -
Country Date of 
paymentDate of. Commission  
decision approving  
LoanReci pi ent
FR of iGermany 27. 1.1982  
31. 3.1982  
24.11.198228.11.1930 Saarlandhche Invest itionskreditbank,  
Saarbrücken
Five loans for small and medium-sized industries
27 1.1982 9.10.1981 Krupp Stahl AG, Bochum  
Manufacture of bright steel
31. 3.1982  
29. 7. 1982  
24.11.19822. 5.1980 Industriekreditbank, Ousseldorf  
Three loans to small and medium-sized industries
31. 3.1982 3.12.1981 HalbergerViütte, Brebach/Saar  
Manufacture of pipes and machine castings
25. 6.1982 12.12.1977 ■  ARBED-Finanz Deutschland, Saarbrücken
24.11.19822.5.1980 
29. 9.1981New steel plant and related installations  
Uestfalenbank, Bochum
Global loan for small and medium-sized firms
24. 11. 1982 23. 11. 1981 Bayerische Hypotheken- und Wechselbank,
Munich
Global loan for small and medium-sized industries
24.11.1982 4. 6.1982 Bayerische Vereinsbank, Munich
Global loan for small and medium-sized industries and firms
15.12.1982 14.12.1981 .Bank für.Gemeinwi rtschaft, Frankfurt/Main  
Global loan for small and medium-sized industries

- 43
Country
FR of
Germany
(continued)Date of 
payment
30.12.1982Date of Commission  
decision approving  
Loan
4. 6.1982
France 15. 6.1982  
29. 7.198210. 7.1982
31.12.1982 26. 6. 1981Recipient
Auto-Service Center Ueberher.n. GmbH,  
Saar
New plant for servicing and converting motor cars
Total conversion loans  
to the Federal Republic  
of Germany: 43.6 million  
ECU______________ _
Co
mpagnie des Produits Industriels de la  
CLarence-9ethune, Nord/Pas-de-Calais
New plant for assembling and extruding plastic components  
for the motor industry
CIA L,  Metz
Global loans for small and medium-sized firms _______
Total conversion loans
tô France:
3.4 mi l lion ECU

- 44 -
Country Date of 
paymentDate of Commission  
decision approving  
LoanRecipient
Luxembourg 15.11.1982
17.11.198229. 7.1982
21. 4.1930S.N.C.I.,Luxembourg
Global loan for small and medium-sized firms
General Motors, Bascharage  
Special tools plant
Total .conversion loans to  
Luxembourg: 5.2 million ECU
Netherlands 15. 7.1982 20.10.1980 De Nationale Investeringsbank,
's-Gravenhage
Global loan for small and medium-sized firms
Total conversion loans to  
the Netherlands:
4.4 million ECU
United Kingdom 8. 2.1982
15. 4.198228.11.1980
3. 7.1981Bus Manufacturers, Leyland,  
Lancashi re
Assembly plant for double-decker buses
Welsh Development Agency, Wales
Global loan for small and medium-sized firms

Country Date of Date of Commission Recipient
payment •decision approving  
Loan
United Kingdom 15. 4.1980 19.12.1980 Scottish Development Agency, Glasgow
(continued) 29. 7.1982Three loans for small and medium-sized firms
15. 4.1982 18. 7.1980 Finance for Industry, London
29. 7.1982  
18. 11.1982Three loans for small and medium-sized firms
18.11.1982 5. 7.1982 Finance for Industry, London
^4. 11. 198 2 .Two loans for small and medium-sized firms
15. 4.1982 3. 7.1981 Barclays Bank, London
29. 7.1982  
18.11. 1982Three loans for small and medium-sized firms
15. 4.1982 21. 4.1980 Deeside Titanium, London
Production of titanium granules  
(Shotwich/Clwyd).
16. 4.1982 6.10. 1981 Clydesdale Bank, Glasgov  
Global loan for small and medium-sized firms
30. 4.1982 19.12. 1980 Merryueather & Sons  
Marine equipment, Ebbw Vale
7. 5.1982 10. 7.1981 INMOS, Bristol
Manufacture of silicon crystal discs
29. 7.1982 25. 7. 1980 Danks Engineering, Dudley  
Development of energy conservation products

- 46 -
Country Date of 
paymentDate of Commission  
decision approving  
LoanRecipient
United Kingdom  
(continued)29. 7. 1982 10. 4.1981 Mitel Telecom, Newport  
Manufacture of telephone equipment
29. 7.1982 26. 3.1982 Cleveland Off shone, Darlington  
Assembly modules for oil drills
18.11.1982 29. 7. 1982 Royal Bank of Scotland, Edinburgh
Global loan for small and medium-sized firms
18.11.1982 25. 6.1982 Yates Circuit Foil Ltd., Silloth,  
Carlisle
Production of copper foil
18.11.1982 29. 7.1982 Chemical Bank, London  
Reopening of Cardiff offices
24.11.1982 j  15. 6.1982 Hunterprint Group, St.Albans,
Two printing plants at Corby and Peterlee,
26.11.1982 29. 7. 1982 Caledonian Aimctive, Prestwick/
Ayrshire
Repair and maintenance of jet engines.
23.12.1982 4.12.1978 Torfaen Borough Council, Pontnewynydd
Development of industrial estateTotal conversion loans to the  
United Kingdom:
87.5 million ECU

- 47 -
Guarantees l_ 4_/
Redemption of the initial loans granted by third parties and guaranteed  
by the ECSC under Article 54 of the Treaty reduced commitments to  
0.99 million ECU at 31 December 1982.
Summary of lending and guarantee operations (1954-82) l_ 4_/
From the start of its financing operations up to 31 December 1982 the  
ECSC granted loans totalling 9 655.2 million ECU, of which  
9 394.8 million ECU was from borrowed funds and 260.4 million ECU from  
own resources (special reserve and former pension fund).
Guarantees provided over the same period bring the total amount of  
ECSC financial operations to 9 723.3 million ECU at the end of 1982 as  
compared with 8 482.5 million ECU at 31 December 1981.
The significant difference between the figures for the two years  
reflects new loans granted (+ 740.6 million ECU) and exchange rate  
adjustments (+ 500.3 million ECU).

- 48 -
TABLE 18
Loans paid and guarantees granted up to 31 December 1982
by type of investment and country l _ 5_/
Initial, amounts _ _
(mi Ilion ECU) 1 1 1
LoansTotal loans
BreakdownFrom borrowed  
< -funds .  -From own 
resources.TotalGuarantees and
guarantees%
Type of investment
Coal industry 2.356,1 -2.356,1 -2.356,1 24,2
Iron-ore mines 210,1 - 210,1 - 210,1 2,2
ISteel industry 5.033,1 3,45.086,5 68,0 5.154,5 53,0
Thermal power stations 380,0 - 380,0 - 380,0 3,9
Industrial conversion 1.197,8 3,31.201,1 -1.201,1 12,4
Workers' housing 80,2243,6 323,8 - 323,8 3,3
Miscellaneous 87,5 10,1 97,6 M 97,7 1,0
Total
Country9.394,8 260,4 9.655,2 68,1 9.723,3'
100,0
Belgium 312,9 13,0 325,9 325,9 3,4
Denmark 61,0 1,5 62,5_62,5 C,6
FR of Germany 2.402,3 148,9 2.551,2 59,1 2.610,3 26,9
Greece 10,9 0,4 11,3■
11,3 0,1
France 1.778,1 «,5 1 .820,6 8,9 1 .829,5 18,8
Ireland 32,8 0,7 33,5 33,5 0,3
Italy 1.442,2 15,9 1.458,1 0,1 1.458,2 15,0
Luxembourg j167,4 5,5 172,9 - 172,9 1,8
Netherlands j242,215.5257,7 - 257,7
United Kingdom
I2.865,9 16,5 2.882,4 - 2.882,4 29,6
Non-Community j79,1 - 79,1 - 79,1 0,8
Total 9.394,8 260,4 9.655,2 68,1 9.723,3 100,0
1After adjustment for the new rates for converting national currencies to ECU (see p 67).

- 49 -
ECSC borrowing operations / 3 /
Dollar interest rates fell substantially in the closing months of 1982  
when the US authorities relaxed their restrictive monetary policy; the  
capital markets took advantage of this situation and there were  
considerable side-effects on the interest rates for other currencies.
The reduction in world interest rates led to an increase in fixed-rate  
borrowings in the final quarter of 1982.
At the same time the variable-rate loan markets were severely shaken by  
the rescheduling of debts by a number of countries, including oil  
producers.
The combined effect of these two phenomena was to create a strong demand  
for bonds issued by the most reliable borrowers such as the large  
American or European companies and the European Communities.
In these circumstances, the ECSC was able to raise 712.0 million ECU in  
1982, more than twice the 1981 figure.
The largest increase was for DM issues which rose from 109.0 million ECU  
to 434.5 million ECU, representing 61.0% of total loans raised compared  
with 33.7% the previous year. For the first time the ECSC raised  
capital in yen in the form of a bank loan.
The proportion of dollar operations remained much the same as in 1981  
(around 11.5%), but the proportion in most other currencies dropped,  
especially that for the Swiss franc, which went down from 20.6% in  
1981 to 5.1% in 1982. The proportion of non-Community currencies fell  
from 32.0% in 1981 to 19.8% in 1982.
As in 1981, the majority of operations took the form of private placings  
and bank loans, underlining the continuing difficulties encountered  
in 1982 in raising sufficient funds by public issues.

- 50 -
TABLE 19
Total ECSC borrowings on 51.12.1982 15 1
(million ECU) 1 1 1
Totalborrowings Ba lance
Currencies borrowed contracted 0 Repayments outstanding .
at 31.12.1982 at 31.12.1982
USD 3842.2 1 337.6 2 504.6
DM 2733.7 863.8 1 869.9
SFR 1307.5 805.6 501.9
FF 553.3 144.5 408.8
HFL 368.6 98.5 270.1
LFR 286.3 101.2 185.1
BFR 215.6 71.5 144.1
UKL 156.6 5.6 151.0
LIT 116.9 72.2 44.7
CAD 62.9 - 62.9
Yen 22.0 - 22.0
EMU $ 79.6 79.6-
Unit of account (u.a.) 42.3 30.2 12.1
Total borrowings
received at 31.12.1982 9787.5 3 610.3 6 177.23
Borrowings contracted
but not yet received
at 31.12.1982
FF 1.2
1The main characteristics ofthe borrowings outstanding at 31 December 1982 and
^details of theunit of account are given on pages.82 to 86.
After adjustment for the newratesfor converting national currencies into ECU
,(see page 72).
In this table, repurchased bonds with a nominal value of 61.25 million ECU
withdrawn fromthe market have not been taken into account

TABLE 20
ECSC borrowings in 1982
Type o f b o rro w in g D ate o f
C u rren c yAmount ( m i l l i o n s ) Coupon D u r a tio n Is s u e
and re d e m p tio n c o n tr a c t in  b o rro w in g  c u rre n c y e q u iv a le n t  in  ECU (%) ( y e a r s ) p r i  ce
P u b lic  is s u e s  
W hole am ount in  1987 1 9 .1 D M 125 5 4 .3 4 9 3 /4 5 100
From 1 9 8 7 ,- 8  e q u a l in s ta lm e n ts 1 9 .1 DM 60 2 6 .0 9 9 3 /4 12 100
W hole am ount in  1987  
W hole am ount in  19872 2 .3
21.6USD
USD50
305 1 .6 7
3 1 .0 014 3 /4  
14 3 /45
599 5 /8  
99 1 /8
From 1985 -  6 in s ta lm e n ts  o f  
40 m i l l i o n  and 2 o f 180 m i l l i o n 2 4 .9 LFR 600 1 3 .2 4 1 1 10 99 1 /4
From 1982 -  2 in s ta lm e n ts  o f  
20 m i l l i o n ,  4 in s ta lm e n ts  o f  
40 m i l l i o n 1 3 .1 0 DM 200 8 6 .9 5 8 12 99
P r iv a t e  p la c in g s
From 1988 -  10 e q u a l in s ta lm e n ts 22.1 HFL 100 3 9 .3 3 12 1/8 15
W hole amount in  1987  
W hole amount in  19872 7 .1
5 .2FS
UKL40
22 0 .7 1
3 .3 37 1 /4  
16 5 /85
5
From 1988 -  10 e q u a l in s ta lm e n ts 1 6 .2 HFL 40 1 5 .7 4 12 15
Whole amount in  1987  
Whole amount in  1987  
W hole amount in  19871 9 .2
1 6 .3
2 6 .3D M
DM
D M22
100
509 .5 6
4 3 .4 8
2 1 .7 49 7 /8  
9 1 /4  
9 1 /45
5
5
From 1987 -  4 e q u a l in s ta lm e n ts 3 1 .3 LFR 520 1 1 .4 7 14 3 /4 8
From 1987 -  6 in s ta lm e n ts  o f  
700 m i l l i o n ,  1  in s ta lm e n t o f  
800 m il l i o n 5 .4 Yen 5 000 22.01 8 1/2 8
From 1987 -  4 e q u a l in s ta lm e n ts 1 5 .4 UKL 6 10.00 14 7 /8 8
From 1987 -  1  in s ta lm e n t o f  
13 m i l l i o n ,  5 in s ta lm e n ts  o f  
4 .8  m illio n 2 8 .5 DM 37 1 6 .0 9 8.8 10

-  52 -
TABLE 20 (c o n tin u e d ) -  ECSC b o rro w in g s  in  1982
Type o f b o rro w in g  
and re d e m p tio nD a te  o f  
c o n t r a c tAmount (mi l i i o n s )Coupon
(%)D u ra tio n
(y e a r s )Is s u e
p r ic ein  b o rro w in g  c u rre n c y e q u iv a le n t  in  ECU
W hole am ount in  1 987 1 4 .6 FF 10 1 .5 3 17 1 /4 5
W hole am ount in  1 992 1 4 .6 FF 18 2 .7 6 17 1 /210
From 1 9 8 8  -  5 in s t a lm e n ts  o f
1 » 6 1 4  m i l l i o n ,  1 in s t a lm e n t  o f
1 .6 1 6  m i l l i o n 2 5 .6 DM 1 1 .3 4 .9 1 9 .2 0 12
From 1 9 8 5  -  8 e q u a l in s ta lm e n ts 1 8 .6 HFL 35 1 3 .7 7 10 3 /4 10
W hole am ount in  1 9 8 7 2 5 .6 DM 60 2 6 .0 9 9 .4 1 5
From 1 9 8 6  -  4 e q u a l in s ta lm e n ts 1 4 .7 HFL 11.2 4 .4 1 11 3 /1 6 7
From 1 9 8 7  -  4 e q u a l in s ta lm e n ts 1 6 .7 DM 71 3 0 .8 7 9 .9 2 8
From 1 9 8 7  -  4 e q u a l in s ta lm e n ts 2 7 .7 UKL 3 .5 5 .8 3 14 5 /8 8
W hole am ount in  1 987 2 3 .7 FF 10 1 .5 3 17 5
W hole am ount in  1992 2 3 .7 FF 18 2 .7 6 17 1 /4 10
From 1 9 8 7  -  4 e q u a l in s ta lm e n ts 2.8 DM 7 3 .0 4 9 .4 9 8
W hole am ount in  1 988 11.11 FS 20 1 0 .3 6 6 3 /8 6
From 1 9 8 6  -  2 in s t a lm e n ts  o f
5 m i l l i o n 11.11 FS 10 5 .1 8 6 5 /8 5
From 1 9 8 7  -  4 in s t a lm e n ts  o f
0 .7 5  m i l l i o n 1 8 .1 1 UKL 3 5 .0 0 12.10 8
From 1 9 8 7  -  6 e q u a l in s ta lm e n ts 1 8 .1 1 DM 150 6 5 .2 1 8 3 /8 10
From 1 9 8 8  -  10 e q u a l in s ta lm e n ts 6.12 HFL 15 5 .9 9 1 /8 15
W hole am ount in  1 987 1 3 .1 2 DM 25 1 0 .8 7 8.10 5
From 1 9 8 4  -  4 e q u a l in s ta lm e n ts 1 4 .1 2 DM 0 .9 8 5 0 .4 3 8.10 5
From 1 9 8 7  -  1  in s t a lm e n t  o f
18 m i l l i o n ,  4 in s ta lm e n ts  o f
12 m i l l i o n  and 1 in s ta lm e n t o f
14 m i l l i o n 1 7 .1 2 DM 80 3 4 .7 8 8.10 10

- 5 3 /5 4 -
TABLE 2D (continued) - ECSC borrowings in 1982
Type o f b o r ro w in g  
and re d e m p tio n  .D a te  o f  
c o n t r a c tC u rre n c yAmount ( m i l l i o n s )Coupon
(%)D u r a tio n
(y e a r s )Is s u e
p r ic e in  b o rro w in g  c u rre n c y e q u iv a le n t  in  ECU
' '
T o t a l ECSC b o rro w in g s  in  1982 -  7 1 1 .9 8  m i l l i o n  ECU

- 55 -
Other ECSC activities / 3 /
These activities are not financed through the ECSC's borrowing and Lending  
operations but through the ECSC operating budget. They involve aid for  
workers threatened with or affected by redundancy (redeployment aid) and aid  
for coal and steel research and for social research.
Redeployment aid 15 1
(Article 56(2)(b) of the ECSC Treaty)
The ECSC gives financial assistance to provide income support for workers  
made redundant and to redeploy them in other sectors of the economy. It  
contributes towards the cost of organizing training courses and helps to  
facilitate re-employment by paying travel or resettlement allowances for  
redeployed workers. The detailed rules for this financial assistance are  
laid down in a series of bilateral conventions with the Member States.
In 1982 aid applications granted under the bilateral conventions amounted  
to 115 million ECU, of which some 105.6 million ECU was set aside for new  
programmes and some 9.4 million ECU represented additional funding for measures  
initiated in earlier years. As in 1981, the steel industry continued to  
account for the preponderant share of commitments, which are broken down by
country and sector for 1982 in the tables on pages 91 to 93. At the same time, a
somewhat reduced pace of redundancies in the steel sector made it possible to reduce
the overall level of new allocations from its 1981 peak of 124 million ECU
while providing for a larger volume of spending in the coal industry.
In addition to these traditional measures, the Commission continued to support  
programmes of complementary social measures in the steel industry (early  
retirement, short-time working) in accordance with the criteria laid down  
in 1981. To this end, a further 113.4 million ECU was committed, bringing  
to 162 million ECU the total allocated to special aid programmes in the  
various Member States. Of this total, 50 million ECU was drawn from  
national contributions to the ECSC and 11:2 million ECU from resources  
provided in the course of 1982 by transfer from the 1981 and 1982 general  
budgets of the Communities.

- 56 -
The tables on pages 91 and 92 show provisions for redeployment aid (traditional  
aid as well as steel industry social measures) at 31 December 1982.
Steel industry research 15 1 
(Article 55 of the ECSC Treaty)
Of the 200 proposals submitted to the Commission under Article 55 of the  
ECSC Treaty for financial aid 92 were given a priority rating for 1982.
These projects are concerned with increasing the competitiveness of the steel  
industry and promoting employment in mechanical engineering and the building  
industry.
Financial assistance totalled 21 670 800 ECU , plus 329 200 ECU for the  
dissemination of research findings and related costs.
The financial aid can be broken down as follows by sector of research:
(i) ore reduction (  9.9%)
(ii) steel production (2 1.2%)
(iii) rolling mills and mechanical working (18.2%)
(iv) measurements and analyses (15.8%)
(v) properties and in-service behaviour (29.5%)
(vi) plant availability (  4.6%)
(vii) other (  0.8%)
Coal industry research 151 
(Article 55 of the ECSC Treaty)
Thirty-nine technical research projects in the coal sector were financed  
in 1982, involving a total of 13 976 700 ECU, plus 23 300 ECU for the  
dissemination of research findings and related costs.

- 57 -
Twenty-one projects concern mining technology and 18 projects the  
utilization and upgrading of coal.
In view of the additional funds available in the ECSC budget, the  
Commission decided to assist an additional research programme of 14 projects  
and committed 3 million ECU for this purpose.
The Commission also granted financial aid of 55 000 ECU to the 7th International  
Strata Control Conference.
Social research / 5 /
(Article 55 of the ECSC Treaty)
In 1982 the Commission granted financial aid of 11 million ECU to 67 projects  
forming part of four social research programmes:
Mining safety (15 projects )  23.1%
Anti-pollution measures in the steel industry (19 projects )  28.7%
Fourth ergonomics programme (23 projects )  25.7%
Fourth medical research programme (10 projects ) 22.5%

- 58 -
Outturn of the ECSC operating budget / 3 /
The ECSC budget is financed by ordinary revenue, coming mainly from the levy  
on ECSC products and the interest on investments and loans from own funds,  
and by exceptional revenue, in particular transfers of appropriations from  
the general budget of the Communities.
The legal basis for the levy on coal and steel production is Articles 49
and 50 ECSC together with the relevant Commission Decisions. For 1982 the
Commission fixed the levy at 0.31% after consulting the European Parliament
1and informing the ECSC Consultative Committee .
According to Article 50, the levies are intended to cover administrative  
expenditure (Article 78), non-repayable aid for redeployment (Article 56),  
aid for technical and economic research (Article 55(2)) and financing  
arrangements connected with the possible activation of the guarantee.
Pages 87 to 90 contain information on levy receipts in 1982, broken down  
by sector and country, the trend in revenue for each sector from 1977 to  
1982 and the trend in the levy rate and net scales per tonne for each product  
category from 1976 to 1982.
OJ L 362, 23.12.1982.

- 59 -
The budget outturn was in balance, as follows:
Resources
The levy yield was 3.7 million ECU less than estimated, owing to the fall  
in steel production, and there was a shortfall of 3.1 million ECU under the  
item "cancellation of commitments" after two interest subsidy projects which  
were expected to be cancelled were actually implemented.
This shortfall of 6 . 8 million ECU was partly offset by increased drawings  
on the contingency reserve (29 million ECU compared with 26.5 million ECU  
forecast by the Commission on 27 October 1982), thus giving a total shortfall  
of 4.3 million ECU on the revenue side.
Requi rements
Redeployment aid was 2 million ECU lower and interest subsidies on  
conversion loans 4.1 million ECU lower than estimated. Against this, there  
was an unexpected debit of 1.8 million ECU for the revaluation of assets  
and liabilities, giving an overall saving of 4.3 million ECU.
The Commission imposed fines totalling 43.6 million ECU on steel companies  
judged to have infringed current price and quota rules. Since most of the  
companies are challenging these fines, it has been decided not to make any  
entry under this heading.

- 60 - 
Table 21
Outturn of the ECSC operating budget for 1982 / 5 /
(million ECU) 111
Budget Budget
Requi rements r 1OutturnResources 1Forecast Forecast Outturn
1  .Admini strati ve 1.Current revenue
expendi ture 5 5Yield from levy at' 0.31% 121 117.3
2.Social expenditure 23U.4 228.4 Interest on
Aid for redeployment investments and on
(Article 56) 117 115loans from non-
Social measures in borrowed funds 75 75
connection with the Fines and surcharges
restructuring of the for late payment -"(3)
steel industry 113.4' 113.4Miscellaneous - -
3.Aid for research 2.Cancellation of
(Article 55) 50 50 commitments unlikely
Steel 22 22to be implemented 5.5 2.4Coal 17 17
Social 11 113.Resources from the
previous year not
4.Aid in the form of used 63.4 63.4interest subsidies 5045,9Investment 4.Exceptional revenue 50 50
(Article 54) 77Conversion 5.Drawings on
(Article 56) 43 38,9contingency reserve 26.5 29
5.Aid for coking coal and
metallurgical coke
(Article 95) 6 6
6.Revaluation of assets
and liabilities - 1 . 8
Subtotal 341.4337.1 Subtotal 341.4 337.1
Surplus - - Deficit _
Total 341.4 337.1 Tota l 341.4 337.1
Operations financed by Origin of non-borrowed
loans from non-borrowed funds / 5 /
funds / 5 /
6.Special reserve and
7.Subsidized housing 15 15 former ECSC pension
fund. 15 15
-  - -  ‘
On the basis of the Commission's forecasts of 27 October 1982.
Comprising 63.4 million ECU carried over from 1981 and 50 million ECU in 1982  
appropriations.
Not including 43.6 million ECU entered in the balance sheet as the total fines imposed  
by the Commission (see comments).

- 61 -
ECSC financial statements / 1 /

- 62 -
TABLE 22
European Coal and Steel Community 7 5 /
Balance sheets at 31 December 1 9 8 2 and at 31 December 1981 / 3 /
(amounts in ECU) 7 6 /
Assets 7 5 7
! 1982 1981
jCash in hand and balances with  
jcentral banks 3698224 4169589
IClaims on credit institutions
- repayable on demand
- with agreed maturity dates or  
periods of notice21
776480
630285
44129
567810
947005
306
798 1 1 0726 597757311
Debt securities held in portfolio
I  (Notes 2 and 3 )1365079067 288063142
■Loans outstanding (Notes 2 and 4) 6 257641735 6 0 1 1262106
Recoverable issuing costs (Note 2) 51732445 62233630
Bank deposits for coupons and bonds  
due but not yet presented for payment 48441521 45 0 2 0909
Land and buildings (Note 6) 387595 345626
Other assets (Notes 2 and 6) 63519436 54610710
Accruals and deferred income  
(Notes 2 and 7) 205601620 198976051
7 794 2 1 23697 262439074
NB: The notes on pages 67 to 73 are an integral part of these financial
statements-
Signatures
Mr Ortoli 
Mr Cioffi

- 63 -
TABLE 22 (continued)
Liabilities / 5 /
1982 T951
Coupons and bonds due but not yet015376presented for payment 48413654 45
Long-term and medium-term debts (Note 8)6116392709 5 815974031
Other liabilities 11420838 15242986
Accruals and deferred income (Note 9) 288798398 254398040
Total liabilities towards third parties 6465025599 6130630433
Commitments for ECSC operating
budget (Note 10)
Financial assistance 584065989 452734774
Other 204759406 185766737
788825395 638501511
Reserves (Note 11)
- Guarantee fund 340 0 0 0 0 0 0 300 0 0 0 0 0 0
Special reserve 156500 0 0 0 150 0 0 0 0 0 0
- Former pension fund 43772724 42850240
540272724 492850240
Surplus not allocated. 8 8651 456890
7794 2 1 2369 7262439074
European Coal and Steel Community
P.-X. ORTOLI  
Vice-President  
of theE. CIGFFI
Dire ot or—General
for
Commission Credit and  
Investments

- 64 -
TABLE 23
European Coal and Steel Community / 5 /
Revenue and expenditure accounts for years ending 31 December 1982
and 31 December 1981 / 3 /
(Amounts in ECU) / 6 /
Expenditure / 5 /
1982 1981
Interest paid 557758 483 530613518
Commissions paid 4794 793 4738377
Administrative expenditure  
(fixed amount) (Note 12) 50 0 0 0 0 0 50 0 0 0 0 0
Value adjustment in respect of claims  
(Note 2) 92895 684-
Value adjustments in respect of securities - 1214330
Losses on securities - 256452
Issuing costs and redemption premiums  
(Note 2) 17861 111 15764106
Other expenditure 509 331 1236291
Redeployment expenditure 94073 836 64870914
Expenditure on social measures in connection  
with steel restructuring6963 342 —
Research expenditure 42479 294 40539845
Expenditure on interest subsidies (Article 54) 11599 443 10257451
Expenditure on interest subsidies (Article 56) 14846 965 12867705
Expenditure on coking coal and metallurgical  
coke 8978 562 6134678
Surplus of revenue over expenditure to be  
allocated 197378 129 190199113
1  055138 973 883692780
i )

- 65 -
TABLE 23 (continued)
European CoaL and Steel Community / 5 /
Revenue and expenditure accounts for years ending 31 December 1982
and 31 December 1981 / 3 /
(Amounts in ECU) / 6 /
Revenue / 5 /
1982 1981
Interest received (Note 13) 726028522 677420627
Payment premiums8534245 4411610
Gains on ECSC portfolio (Note 2)11730529 11117285
Gains on ordinary portfolio 21674806 -
Other revenue 2076601 11119
Levies (Note 14) 117306366 126622861
Fines (Note 15) 42924254 1945066
Contributions from Member States - 52879 0 0 0
Contributions from the general budget  
of the European Communities (Note 16)1 1 2 0 0 0 0 0 0 -
Correction to value adjustments  
in respect of securities (Note 2)1 0045924 -
Net exchange gains 2817726 9285 2 1 2
1  055138973 883692780
European Coal and Steel Community
F.-X. ORTOLI E. CIGFFI
Vice-J’ reeident Director-Qeneral
of the for
Commission Credit and
Investments

-  66  -  
TABLE 24
European Coal and Steel Community 15 1
Allocation of surplus of revenue over expenditure for years ending  
31 December 1982 and 31 December 1981 / 3 /
(Amounts in ECU) / 6 /
1982 1981
Surplus not allocated at 1  January 456 890 140 569
Surplus for the year to be allocated 197 378 129 190 199 113
Total for allocation 197 835 019 190 339 682
Allocations
Guarantee fund 40 000 000 40 000 000
Special reserve 6 500 000 6 500 000
Former pension fund 922 484 882 197
Financial assistance 131 331 215 75 992 917
Other 18 992 669 6 6 507 678
197 746 368 189 882 792
Surplus not allocated at 31 December .  8 8 651 456 890
European Coal and Steel Community
P.-nX. ORTOLI  
Vice-PreBident  
of the 
CommissionE· CIQFFI  
Direct or—General  
for
Credit and  
Investments

- 67 -
European Coal and Steel Community / 5 /
Notes to financial statements at 31 December 1982 and 1981 / 3 /
(All amounts in ECU) / 6 /
1. Presentation of financial statements / 5 /
The European Coal and Steel Community (ECSC) was established by the Treaty  
of 18 April 1951. According to the Treaty, the task of the ECSC is to  
contribute to the economic expansion of the Member States through the  
establishment of a common market for coal and steel. Most of the ECSC's  
funds come from levies, loans raised on the financial markets and direct  
bank loans.
The layout of the annual accounts is based on the Commission proposal  
for a Council Directive concerning the annual accounts of banks and other  
financial institutions.
The annual accounts at 31 December 1982 include the allocation of the  
surplus of revenue over expenditure for 1982. At the end of the year the  
commitments financed by the allocation of this surplus are those entered  
into during the year for operations to be carried out by the ECSC for the  
redeployment of workers and for technical and economic research. Actual  
expenditure for these operations appears in the revenue and expenditure  
account of the year in which the commitment is paid.
1All ECSC accounts are kept in ECU .
The following rates have been used for converting amounts expressed in  
currency in end-of-year balance sheets into ECU:
31 December
1982 1981
Convertible Belgian and Lux embourg franc 45.3207 41.7467
German mark 2.30014 2.44436
Dutch guilder 2.54206 2.68309
Pound sterling 0.600289 0.566523
Danish krone 8.11485 7.94077
French franc 6.52207 6.20177
Italian lira 1  325.70 1 303.57
Irish pound 0.692923 0.686819
Greek drachma 68.5398 62,226300
u.a. 0.472804 0.477875
US dollar 0.967667 1.08517
Swiss franc 1.93098 1.95169
Canadian dollar 1.19265 1.28723
EMU 0.628453 0.667858
Japanese yen 227.160 238.304
1DetaiIs about the ECU and the composition of the ECU are given on page 3.

-  68  -
2. Summary of accounting policies
Non-realized gains or losses resulting from the conversion into ECU at  
year-end of accounts in national currencies are deferred and entered  
in the balance sheet under 'Accruals and deferred income'.
Securities are valued at the lower of average cost or market value.
Repurchased ECSC bonds maturing in the year following the financial year  
of the balance sheet are deducted from bonds in circulation and withdrawn  
from the market.
Value adjustments are made in the accounts in respect of loans and other  
claims, except those relating to credit institutions, to allow for the  
potential risks of default or non-recovery.
The item 'Land and buildings' consists of a building valued at cost in  
US dollars and converted into ECU at year-end.
Up to 31 December 1980 the recovery of issuing costs was spread over  
the term of the borrowing. Since 1  January 1981 these costs are met directly.  
Costs outstanding at 31 December 1980 are being recovered in seven equal  
annual instalments.
3. Debt securities held in portfolio 15 1
The portfolio is made up mainly of government bonds and repurchased ECSC  
bonds.
At 31 December 1982 the book value of repurchased ECSC bonds in portfolio  
was 99 583 833 (1981 - 118 416 287).
In 1982 the ECSC made a profit of 11 730 529 (1981 - 11 117 285) on repurchased  
bonds, with a nominal value of 61 246 526 (1981 - 67 574 713), which were  
withdrawn from the market.
4. Loans outstanding 151
This item mainly covers loans made to firms in the steel industry and  
coalmining in the Member States and loans granted to firms to finance  
conversion. These loans are paid out of borrowed funds and total  
6 087 873 069 (1981 - 5 849 593 168).
These loans are usually secured by guarantees from the Member States, banks  
or firms and by mortgages.
Aggregate value adjustments at 31 December 1982 amounted to 69 782 811  
(1981 - 9 643 899) (Note 2).

- 69 -
This item also includes loans financed from the ECSC's own funds,  
as follows: 31 December
1982 1981
Loans paid from the special reserve for financing 143 351 244 133 781 234
workers' housing
Loans paid from the pension fund to officials of 21 464 573 22 412 182
the European Communities for housebuilding
Loans paid from the pension fund for the Friuli  
steel industry3 054 990 3 452 059
Loans paid from the special reserve for technical 1 751 164 1 848 361
and economic research
Loans paid from the special reserve for  
redeployment146 695 175 102
169 768 6 6 6 161 6 6 8 938
5. Land and buiIdings 15 1
The ECSC owns a building in Washington DC, which forms part of the assets  
securing its operations.
The building is leased to the European Communities.
6.  Other assets 151
This item comprises: 31 December
1982 1981
Levies receivable 9314138 11578347
Member States' contributions receivable 784260839466951
Fines receivable (Note 15) 45255733 2154145
Loans overdue 32342062 164026
Miscellaneous 2883060 2608635
a . .  I  ·  .  .  / a,  4.  97 637 601 55 972 104.Aggregate value adjustments (Note 2) 11g 165)1 (  1 3 6 1 39Zt)1
63 519 436 54 610 710
Figures in brackets have been deducted.

- 70 -
The Levies receivable include 4 514 963 (1981 - 2 993 739) in respect  
of coal in stock, payment of which has been temporarily suspended under  
a general decision taken in 1972.
7. Accruals and deferred income (assets) 15/
This item comprises interest and guarantee fees of 182 573 752 accrued  
but not due (1981 - 177 754 411), and levies declared for November and  
December but not payable until after 31 December.
8.  Long-term and medium-term debts 151
The debt consists of 286 private and public bond issues maturing between  
1983 and 2002.
9. Accruals and deferred income (liabilities) 151
This item comprises interest and commissions on borrowings accrued but
not yet due at 31 December 1982 amounting to 265 896 289 (1981 - 237 210 588).
Non-realized gains from conversion, amounting to 22 902 109  
(1981 - 17 187 455), are also included in this item.
10. Commitments for ECSC operating budget 151
At 31 December 1982 the allocations approved by the Commission were to  
be used as follows:
Financial assistance (commitments entered into)
31 December
1982 1981
Redeployment measures 273946194251729979
Technical and economic research 81114619 78364374
Interest subsidies on conversion loans
(Article 56) 41285790 37 1 1 2197
Interest subsidies on industrial loans
(Article 54) 32337528 33304580
Aid for coking coal and metallurgical coke 345 2 0 0 3592 2 0 0
Steel industry social measures 155036658 48631444
584065989452734774

- 71 -
Other (future commitments)
Technical and economic research  
Interest subsidies on conversion loans  
(Article 56)
Interest subsidies on industrial loans  
(Article 54)
Steel industry social measures  
1983 and 1982 budgets respectively  
Contingencies1 2938854 9595383
7488332255335798
1 093723014467 0 0 0
1368556
80 0 0 0 0 0 075 0 0 0 0 0 0
26 0 0 0 0 0 030 0 0 0 0 0 0
204759406185766737
788825395638501511
Changes over the year were as follows:
Financial assistance (commitments  
entered into)1982 1981
Balance at 1 January  
Allocations during the year
Balance at 31 December452 734 774  
131 331 215
584 065 989376 741 857  
75 992 917
452 734 774
Other
Balance at 1 January  
Allocations during the  
Allocations at year-end185 766 737  
(87 007 331)  
106 0 0 0 0 0 0119 259 059  
(38 492 322)  
105 000 000
Balance at 31 December 204 759 406 185 766 737

- 72 -
11. Reserves 1 5 1
The guarantee fund and the special reserve are built up with allocations from  
the surplus of ECSC revenue over expenditure. Decisions on allocations are  
taken by the Commission.
The former pension fund represents the total pension obligations covered by  
the ECSC prior to 5 March 1968. From that date the Member States have assumed  
responsibility for the payment of staff pensions.
12. Administrative expenditure (fixed amount)  1 5 1
The ECSC paid 5 000 000 to the administrative budget of the Commission of the  
European Communities to cover its administrative costs.
13. Interest received 1 5 1
At 31 December 1982 this item comprised 580 561 286 (1981 - 550 584 254) in  
interest received from loans, 113 820 664 (1981 - 8 8 154 844) in interest  
received from deposits and 31 646 572 (1981 - 38 087 751) in interest received  
from fixed-income securities.
14. Levies 151
The ECSC is authorized under the Treaty to impose a levy on coal and steel  
produced by undertakings in the Community. The calculation is based on the  
Community average values of the products concerned. The levy rate has been  
0.31% since 1 January 1980.
15. Fines 1 5 1
This item comprises the revenue from fines imposed by the Commission in  
accordance with Articles 58 and 60 of the ECSC Treaty. Some undertakings  
have appealed to the Court of Justice of the European Communities against  
fines totalling 37 763 188 (Note 2).
On 11 May 1983 the Court rejected an appeal against a fine of 2 154 145  
imposed in 1981.
16. Contributions from the general budget of the European Communities 1 5 1
In accordance with decisions taken by the Council of the European Communities  
on 23 February and 21 September 1982 the ECSC received 112 000 000 in 1982  
as an EEC contribution to social measures in connection with the restructuring  
of the European steel industry.
The decision of 23 February 1982 related to 62 000 000 for 1981.

- 73 -
17. Other commitments /5/
At 31 December 1982 the Commission had 3 970 266 (1981 - 13 864 295) outstanding  
in Loans irrevocably contracted but not yet paid over.
18. Guarantees given /5/
Jhe ECSC has guaranteed Loans made to various coal and steel companies by  
third parties; such guarantees are in turn secured by guarantees received  
by the ECSC. Guarantees given amount to 991 244 at 31 December 1982 (1981 -  
4 422 426).
19. Commitments arising from forward transactions
At 31 December 1982 the ECSC had entered into swap operations involving  
obligations for the forward purchase of currencies amounting to 81 276 350  
(1981 - 79 295 136) and obligations for the forward sale of currencies  
amounting to 8 8 177 385 (1981 - 84 938 096).

-  74 -
Report of the Court of Auditors of the European Communities on the accounts  
of the European Coal and Steel Community at 31 December 1982
1. The present report concerns the financial operations of the ECSC, excluding  
those relating to expenditure and revenue of an administrative nature, for the  
year ending 31 December 1982.
It has been compiled in accordance with Article 78f(5) of the Treaty establishing  
the European Coal and Steel Community, as amended by Article 8 of the Treaty of  
22 July 1975, which modified certain financial provisions of the Treaties  
establishing the European Communities and of the Treaty establishing a Single  
Council and a Single Commission of the European Communities. As laid down in  
these provisions, this report concerns the regularity of the accounting  
operations and of the financial management of the High Authority relating to  
those operations, with the exception of administrative expenditure and revenue.  
These are included in the annual report of the Court of Auditors on the general  
budget of the Communities.
2. To accomplish this task, the Court has examined the accounting of the
ECSC and the ten pages of financial statements for 1982 annexed. The financial  
statements have been evaluated in accordance with the rules laid down in the  
Commission's proposal for a Council Directive on the annual accounts of banks  
and other financial institutions.
3. The opinion of the Court is that the annual accounts for 1982 are a true  
and faithful reflection of the financial situation of the European Coal and  
Steel Community at 31 December 1982, and the results of its operations for the  
year ending at that date.
Luxembourg, 30 June 1983  
Court of Auditors
P. Lelong P. Gaudy
President Member
of the of the
Court ofCourt of
AuditorsAuditors

- 75 -
Annexes to the ECSC financial statements 71/

- 76 -
Annex I
Changes in financial situation for the year ending 31 December 1982 /3/
TABLE 25
(million ECU)
1982 1981
Origin of funds / 6 /
Surplus of revenue over expenditure 197.4 190.20
Items not involving a movement of funds
Amortization of issuing charges and  
redemption premiums 17.9 15.76
Increase in interest and commissions  
payable 34.4 29.81
Increase in interest and commissions  
receivable (6.6) (43.41)
Gains on withdrawal of bonds (11.7) (1 1.1 2)
Reduction of portfolio to market value (1 0.0) 1 . 2 1
Value adjustment in respect of claims 92.8—
314.2 182.45
Other resources
Proceeds of borrowings 712.3 323.81
Loan repayments 787.0 494.84
Increase/decrease of the item 'Other  
liabi lities' (4.7) (0.42)
Exchange adjustment in respect of borrowings 355.9 600.87
2 164.7 1  601.55
Use of funds / 6 /
Loan disbursements 740.6 387.64
Redemption of borrowings 767.8 513.54
Issuing costs in respect of borrowings 7.4 5.27
Increase/decrease of the item 'Other assets' 9.0 29.46
Exchange adjustment in respect of loans 359.6 603.75
Increase in bank balances and portfolio 280.3 61.89
2 164.7 1  601.55

- 77 - 
TABLE 26
Changes in ECSC reserves and provisions  
from 31 December 1981 to 31 December 1982 /3/
(mi LLion ECU) / 7 /
Situation at Changes Situation at
31.12.1981 in 1982 31.12.1982
Reserves
Guarantee fund 300.0 + 40.00 340.00
Special reserve 150.00 + 6.50 156.50
Former pension fund 42.85 + 0.92 43.77
Provisions
(a) Redeployment 251.73 + 2 2 . 2 2 273.95
(b) Steel industry social measures 48.63 + 106.41 155.04
(c) Technical and economic research 78.36 + 2.75 81.11
(d) Interest subsidies (Article 56) 37.11 + 4.18 41.29
(e) Interest subsidies (Article 54) 33.31 0.97 32.34
(f) Coke 3.59 3.25 0.34
Other provisions 185.77 + 18.99 204.76
Total 1 131.35 + 197.75 1 329.10
Balance not allocated 0.46 - 0.37 0.09
Grand total 1  131.81 + 197.38 1  329.19

ANNEX II
Table 27
A llocation of net income fo r 1982 | 3 |
(ECU) H /
Amount on  
balance sheetAllocations during the year
A llocation at RalanrpAmount o n .
hakanrp chppt
a t 31.12.1981 l)|ew  contracts <  
or decisions-Cancellations Payments- P arity  
.changes -31.12.1982- (T o tal allocated) a t 31.12.1982
Reserves 192 850 210 17 122 181 ♦17 122 181 510 272 721
Guarantee fin d 300 O O C  000 1 0 coo O C O ♦10 OX C O O 3(0 XO 000
Special reserve 150 000 000 6 500 000 46 500 000 156 5  00 OX
Former pension fund 12 850 2h3 922 181 4 922 181 13 772 721
Provisions
-  Financial assistance h52 731 7 7 h 310 51 2 252 2 100 690 178 952 376 «  1  812 529 4131 331 215 581 065 9S9
(le g a lly  binding commitmer ts)
. Redeployment 25 1  729 9 7 5 115 C O O  000 178 571 91 073 838 ♦ 1  768 622 - ♦22 216 215 273 916 1S1
. Steel industry (social  
measures
. Research13 631 IM  
7  5 36 h  37h113 368 556  
16 591 150 1  353 6316 963 3-12  
12 130 728 4 3 201- 4
4106 105 211  
2 750 215155 036 653  
81 111 619
. In te re s t subsidies. A rt. 54 33 30k 530 10 5  29 7 70 - 11 599 113 4 102 522 - - 967 051 32 337 529
. In te re s t subsidies, A rt. 56 37 112 197 19 052 ‘ 76 - 11 816 965 31 919 41 173 592 11 23 5 789
. Coke 3 592 200 6 000 000 268 133 8 9 78 56 2 - - - 3 217 000 315-200
-  Financial assistance  
(fu tu re commitments)80 766 737 95 878 000 77 885 331 417 992 669 93 759 IK
.  Steel industry social 1  358 556 - 1  368 556 - - - 1  368 556 -
.  Research measures9 595 333 50 C O O  000 16 556 529 - - - 43 313 171 12 9  33 8  51
.  In terest subsidies, A rt. 54 H  567 000 7 000 000 10 529 770 - - - - 3 5 29 7  70 10 937 230
.  In terest subsidies, A rt. 56 55 335 798 38 878 000 19 330 176 - - - 419 517 521 71 883 322
· ■  Other provisions 105 00 0 000 - 105 000 000 IDS 000 000 41  000 XO IK  000 OX
.  Financing o f 1983 budget • 75 000 000- 75 C00 000 - - 80 000 000 45 OX C 00 80 X 0  000
.  Contingencies 30 0C0 000 - 30 C O O  OX - - 26 OX 000 - 1  CM 000 26 000 OX
1131 351 751 106 120 252 181 936 021 178 952 876 4 1  812 529 153 122 181 4197 7(6 368 1  329 093 119

ANNEX I I I
S ta te m e n t o f  c o n s o lid a t e d  d e b t a t  31 D ecem b er 1 9 8 2  /  3 /
T a b le  28
( m i l l i o n  ECU) 1 1 1
Payable inDebt outstanding  
at 31.12.1981OperationsExchange rate Debt outstanding  
at 31.12.1982Maturity
Borrowings Redemptionsadjustment
I T T  - p >2 1t'2,3 62,7 . 361,8!
I
j 301,4 2.50/1,6 1983/1959
7}1  193,0 434,5 151,2 j 93,6 1  .£69,9 1953/1584
S F R 611,5 36,2 •  152,4 1  6,6 501,9 ■  1983/1993
FF 464,4 6,9•  60,7 -  23,8 408,8 1583/1994
H F L 186,8 . 79,1 6,1 10,3 270,1+ nC ") /o.O '^·· ! j / 4 - 1  1
ijF T t 193,2 24,7 17,6 -  0 ,2 185,1 <  > v j /  · ;><·- i
U F » 135,6 24,2 '· = ■’ 1,2 -  7,6 · 151,0< c f  ^  / ?  CC;3 Iv ' ' 4 /  }
B  F R 167,8 -  ‘ 10,5 -  13,2 144,1 1983/1953
CAD - - 4,6 62,9 1933/1584
L I T 56,0 - 10,4 -  0,9 44,7 19.33/1939
t e: : — 22,0 i 22,0 1950
u. a.14,7 2,7
i0,1 i 12,1 1906
T o x a I  - 5  883,6 V j 712,3 774,6 1 355,9 ·6 c177,21j
i
Rédemption premiums 0,61
! "\
.0,2 - 0,4 1934/1985
-------- 1
öran
d to ta l’ . - > . 0 0 4 , 2 i 712,3 / : - · ♦ 0 ( 3 5 5 . 9  i6 .1 7 7 .6I
R e p u rc h a s e d  ECSC b o n d s in  p o r t f o l i o  ( a t  31 D ecem b er 1981 an d  31 D ecem b er 1 9 8 2 ) . w ith  a n o m in a l v a lu e  o f  6 7 .5 7  m i l l i o n  ECU ■
an d  6 1 .2 5  m i l l i o n  ECU r e s p e c t i v e l y ,  h a v e  b ee n  d e d u c te d  fro m  t h i s  am ount f o r  th e  p r e s e n t a t i o n  o f  t h e  b a la n c e  s h e e t . 5)I

Table 29 AMMEX IV
Table 29Analysis o f loans outstanding /  3 /
Loans from borrowed funds /  3 / :  Breakdown by country and by guarantee received /  5 /  
Amounts outstanding at 31 December 1982 /  6 /
(m illio n  ECU) 1 1 1
Nature o f guarantee Belgium Denmark FR o f Germanyr 1
Greece France Irelan d It a ly Luxembourg NetherlandsUnited
KingdomCommunity
to ta lnon- v  
tøcm n ity*T o ta l
Member State guarantees 59,6 19,8 107,3 - 670,5 32,6 4,0 134,7 -a r>  n  '  /1  .o e o ,4 2 .9 1 4 ,9 2 .9 1 4 ,9
Loans secured by
fin a n c ia l in s titu tio n s 71,4 1 ,7 58,0 10,9 260,8 200,7 11,8 47,3 236,8 399,4 79,1 9.3,5
Loans secured by
fin a n c ia l in s titu tio n s - - 45,5 - - - “ - 45,5
and mortgage
F irs t mortgages - 16,0 900,6 -0,4-75,2 7 ,9 1  000,1 1.000,1
Second mortgages - - 15,0 - - - - - 15,0 - 15,0
Loans secured by
in d u stria l gnxps and ~ - - 0 ,7- - - - 7 ,3O  ryo ,u
negative pledge cause .
Loans secured by
in d u strial groips 3,3 - 15,8 - 145,3 — 833,3 0 ,4 9,1 128,9 1.136,1 1.136,1
Negative pledge clause  
and others- - ■- 0,6 - 0 ,6 - 2,8_2,8
Registered mortgage- - - -_
- - 0 ,2 “ 0,2 C  .2
security
Loans with undertaking —0,1- 62,9- - - - - 63,0- 63,0
and bank security
Loans without guarantee-n o u,c — 0,2 0,4 - * 0,4
Total fo r each Member1
1
6 164,5State and fo r the 134,3 37,5 1  143,9 10,9 1  141,0 32,6 1  033,6 147,5 131,3 2 267,3 6 085,4 79,1
Community
.:
In  th is  ta b le , balance sheet adjustments (swap operation: 6 .9  m illio n  ECU and value adjustments in  respect o f claims: 69.8 m illio n  ECU) have not been taken in to  account.
I
aI

A M M E X  IV
Table 30
Loans from the special reserve /  3 / :  Breakdown by country and by guarantee received /  5 /
(m illio n  ECU) /  7 /
Nature o f guarantee , Belgium · Denmark FR o f Germany Greece France Irelan d.  i  !  -  
I  It a ly  ?  I  Luxem bourg NetherlandsUnited i  
KingdomTotal
Member State guaranteed 0 .4 1,2 0 ,4 0 ,4 0 ,0I  !
2 ,2 1,2 -|
3 ,2  j 9,6
Loans secured by fin a n c ia l  
in s titu tio n s
Loans secured by fin a n c ia l  
in s titu tio n s  and mortgage1,4 0 ,1 22,0
-- 5 ,4
0 ,70 ,4
1•
\  ~ ■0 ,1 2,1 i
t31,5
0,7
Second mortages
Loans secured by in d u s tria l groups  
and negative pledge clause:0,1
0,2_
-!
i
!
i-i
i
I
i0,1
0,2
Loans secured by in d u s tria l groups - -1,5- 5 ,3 - 4 ,6  - 6 ,5 4 ,4  | 22,1
Registered mortgage security - - 24,5 --  ! -i0 ,2iI24,7
Loans without guarantee 4 ,5 0>8 33,6 - 10,7 -1
1 ,3 j 0 ,8
I■2 ,8  | 54,5
T o tal fo r each Meirber State and  
fo r the Community 6 ,3 0 ,9 83,1 0 ,4 22,5 0 ,6I
8 ,1 !  2 ,4
!i6 ,6f
12,5 143,4
1
Mainly loans granted to  fin a n c ia l in s titu tio n s  fo r on-tending to  fin a l recip ien ts.
1
0?

Table 31ANNEX V
MAIN CHARACTERISTICS OF BO RRO W ING S OUTSTANDING AT 31 D E C EM B ER  1982 /  3 /
Year of I n t e r e s t Term I n i t i a l  amount inB alance o u ts ta n d in g  a t  31.12.1982
issue (% p . a . ) (y e a rs ) b o rro w in g  c u rre n c y
I n  b o r r o w i n g  c u r r e n c yE q u iv ale n t 
in  ECU
iy5 i
1966 
1?66 
•967
1967
1973 
1?74 
197·!  
> 974 
'575 
'97 6 
1976 
1976 
'5 7 7·  
1976 
1976
1976 
1576 
1°77
1977 
K77 
1977 
'577 
'977 
'977 
'977 
197- i 
1973 
1570 
1573 
'97 4  
'973 
1973 
'573
w
1973
'979
19;« 
'573 
197'· 
1573 
157" 
197 3  
19.'5' 
'979 
'579 
1:79 
'975 
'975 
1975 
1  /To 
1  Jt-0 
1  'jvo 
1y .3'j 
loffl
1J5 1  
1 = 5 1 3 2  
19 5 7:5 t6 1 *
c 1 
6 4
6 5/8
7
7 3/4 
9 $10
8 3/8
9 i  
9
8 5/8
9
8 J
P 1/3
n 7/8 
6
8 *
9 1/3
7 5/3 
9
8
8 3/4 
f; £
8 3/4 
p 3/0 
O i
8
P 3/4
0 3/4 
0 3/4
9
9 i  
9 3/8 
9 I/ 10
8 3/4
! U
91
9 *
9 i.
9 i
9i
9 - 9  3/4 
"  i -  9 i  ' 
9 3/4 ,
11 f-9 3/8
10 3 /4 - 9 £
,  9 3/4
V4 -  10 T i­
ll *
1 1 5/3 
11 i  
1 1
11 *
14
14 3/4 
14 3/420
20
20
20
20
15
15
10
10
8
10
7
8
20
10
8
20
7
10
20
7
18
19 
15 
12
20
7
8 
12 
10
9 
9
1920 
15 
10
9
10
19 
, 15
19 
15 
12 
12
20 
12
10 
10 
12 
20
7
8 
10
6
7
10
7
9
9D SD 30,000.000
15.000„000 
20.000,000 
25«000 *000 
20.000.000 
30.000«000
50.000. 000 
100.000,000 
200.000,000 
150.000,000
60.0000000
50*000*000
75.000. 000 
100.000,000 
23.000-.000 
75.ooD.oo-o
75.000. 000
30.000. 000 
10,000.000
75.000. 000
30.000. 000
50.000. 000 
25*000,003
42.000, -000 
50,000.000
100.000,000
30.000. 000
40.000. 000 
20.0:0,000
15.000. 0:0
20. O O O  « C O O
15 ,c-oo-0:0 
25«000,000
25.000. 000 
3 0 .G O O «000
25.000. 000
50.000.  000 
20,000,000
25.000. 000 
20,00:·, 000
20.C30.000
10.000. 000 · 
* ' 16,000 «,000
*  40 1.000  < .(X iO
50.000. 000
15.003.000
10.000. 000 
20.000,000
150.000. 000
125.000. 000 
100,000«000
40,000,000
50.000. 000
103.C03/>90
25.(00 «000
50.000. 033
40 ,.000 ,000
50.000. 000
30.000. 0:04 .0 0 0 . 000
4 .000. 000
5.159.000 
8,000,0*00
6.500.000
24.000. 000
31.500.000
40.000. 000
CO,000*000 
150.000.000
45.000. 000
50.000. 000 
75.0-00*000
9i ^35«-000
11.500.000
75.003.000
70.000. 000
30.000. 000
10.000. 000
75.000. 000 
30*000,000 
41,250.00:» 
to  „c<> o <000 
30c182,000
44.000 .Oi 4>  
83.530.003
,  30,000.003
'•40*003,003 
20.occ/>o:> 
15.000« coo
20 « .O O O cG oO
15,0:0,000
21.600.000 
2 .1 «SC O  « C O O  
30.GCTJ/.O 0
25*0:0 «coo 
50«000,009
20«G O O ,CCO  
25.000t.093
29 ,009  ...003
20.000. 003
10*0:0.0:0
18.000*000
40.C.:OcC 99
50.COO.090 
75«000,00J
10.039.030 
20*C:0vC3j
142. .503, ('03 
125< g:-:m>:o 
loo,.·: 00« coo
40.033.030 
50*003 .coo
100*090,03 
25 «03-3, C O O
50,000/3:0 
4 0 .0 (0 /; >3 
50*00-3,,000
30 *000 ,.oco1
1
2.8',

„83 _Balance outstanding at 31.12.1982
Year of  
issue
1955
1 S'·'9
1971
1972
1972
1973 
1973 
1975 
1975
1976
1976
1976 
1576
1977 
1P77 
1977 
1977 
1977 
1977 
1977 
1977 
1977 
1977 
1977
1977
1978 
1978 
1978 
1978 
1578 
1978
1578 
1973 
1978 
1978 
1978 
1978
1978 
1  578
1979
' 979 
1979 
1979 
157'·)
1579 
1579 
1579 
1579
1979
1579 
19 30 
15?0 
1530
1580
15?0
19ÛO
1980 
1  çSo 
1  580 
1  Î.89 
15;^ 
183j  
1 5«  
1«,?0 
19!-0 ipr -i
1581 
15 C -1  
1591 
1551 
li/31 
K 3 2  
157?
1982 
19ÎS 
1932
1532
1
1  5 '3
>5-32
15; 82
1  -,:'2In terest  
(%  p .a .)Term
(years)I n i t i a l  amount in  
borrowing currencyIn  borrowing  
currencyEquivalent  
in  EC U
7 £
7 3 A
8 i
8 1/3
3 7
7 7/8
8
9,65
8 3 A 6i
8 1/8
6 1/3 
C  1/3 
e -  10 
s
0
7,9
7 7/3 
8,35 
9,5
10
1 1 f 
11 f  
1 1 £ 
10,39
9 3/-I 
9 3/4 
9 7/6 
9 Î
9 i- 
8,8 
9,2 -
9,41
9,52
9,49
8
9 1/8 0,1 
8,1 
6 ,16
7
12 
10 
10 
12 
15 
10 
1 0' 
10 
10 
10 
10 .
8 
6 
8 
6 
8
12
1 2
12
12
12
0
8
10
5
6·
5
12
1 0
12
7
8 
8
1 2
10
5
5
1 0150
40
100
100
150
150
500
56
150
60
45
125
75
61
19 
16 , 
32,  
2 0 ,
20 
20 
20 
93 
18 
12 
25
30,
2 0,
150,
15·
50.
15
70.
32.
9
150
16.
2 0
20.
20
34..000.000
.0 0 0 .0 0 0
.000.000
,000.000,000,000
. 0 0 0 .0 0 0,0 0 0 ,0 0 0
. 0 0 0 .0 0 0
.000,000
0 0 0 .0 0 0
0 0 0 .0 0 0
.0 0 0 .0 0 0
000.000
630.000500.000 
000.000  
0 0 0 .0 0 0  
0 0 0 .0 0 0
. 0 0 0 .0 0 0  
.000.coo 
.000.000 
.0 0 0 ,0 0 0  
,0 0 0 .0 0 0  
.0 0 0 .0 0 0  
.0 0 0 .0 0 0  
. 0 0 0 .0 0 0  
.000  *.000 
,000,000 .000,000 
000.000 
000. coo 
000.000 
400*000 
000,000 
000.000
2 0 0 .0 0 0  
O v O O  .000
000 .or/) 
0 0 0 .0 0 0  
0 0 0 ,0 0 0
5 0 .0 0 0 . 000
1 0 . 0 0 0 .  000 
150.000*000
2 5 .0 0 0 . 000
2 5 .0 0 0 . 000
40.000.  000
5 0 .0 0 0 . 000
4 0 .0 0 0  *000
6 0 .0 0 0  .c o o
12.000. 000 
1 5 0 .0 0 0 *0 0 0
40.000.  000
5 0 .00-0.000
4 0 .0 0 0 . 000
7 0 .0 0 0 . 00005.000. 000 
1 0 .0 0 0 .0 0 0
5 0 .0 0 0 . 000
12.000. 000 
1?’,0 0 0 .0 0 0  
12.000.0*00 
12,000.(00
15o.c-o o .o o 0
2 5 0 .0 0 0 . C K J O
1 5 0 .0 0 0 . 000
120 „COO . 000
1 0 .0 0 0 . 000
26.000„C O O
3 0 .0 0 0 . 000
7 0 .0 0 0 . 000
10.5.00. 000
1 .5 5 .0 0 0 . 000
22.000. 000 
10 0 . CKO ,0 0 0
5 0 .0 0 0 . 000
37.000. 000 
11.300 ,CCO
6 0 .0 0 0 . 000 
71 „ c c - c w o
7 *o ::o „o :‘o200.000. 000 
1 5 0 .0 0 0 .0 0 0
5 3 5 .0 0 0
2 5 .0 0 0 . 0*00
60,c:;0.O O O
5.i25.f '15.OO011.500.000 
6.0 0 0 ,0 0 040.000. 00050.000. 00075.000. 000 90.coo.000
6 0 .0 0 0 . 000 
21.000.000
56.250.000
40.0C0.00011.250.000 125.000,000
6 0.0 03.000 
6 3 .4 9 0 .coo
15.400.00014.000. 000
2 0 .0 0 0 . 000
7 .5 0 0.00 0
7 .5 0 0.00 0
7.500.000
7 .5 0 0.00 0  
6 3.0 00,000
6 .7 5 0.00 0
4 .5 0 0.00 025.000. 000
3 0 .0 0 0 . C X 0 O  
20*000.000
1 50 .0 0 0 . 00015.000. coo 
50,000*000
11.250.000 
7 0 .c o o .000
25.700.000
6 .7 5 0.00 0
1 50 .00 0 . 000
5 .400.000 
20,000*000 
20„000.000
2 0 .0 0 0 . 000
3 4 .0 0 0 . 000
50*000,000
1 0 .0 0 0 . 000
150 .00 0 . 000 
25.000*000 
2 5 ,c o o .000 
40.000„000
5 0 .0 0 0 . 000 
4 0 ,ce0*000 
60*000,000 
12.0CO„COO
1 5 0 .0 0 0 . 000
4O.OÛO. 03O
5 0 .0 0 0 . 000 
40,000*000
7 0 .0 0 0 . c-03
35.0. 00.000
1 0 .0 0 0 . 000
5 0 .0 0 0 . 003
12.000. 000 
12.000.000 
12*000,000 
12*000,000
1 5 0 .0 0 0 . 000
2 5 0 .0 0 0 . 000
1 50 .00 0 . 000 
.120*003,000
10.003.00026.000. 003 
3 0 .0 3 3 .0 :0  
70*000*000
10.500.000 
165.ocvo.ooo
22 .000 ,.030 
100.003.000
5 0 .0 0 0 . 000 
37.CCO.OOO 
11„300.003
6 0.0 30.000
7 1.0 03 .0 0 0. 
7 .0 3 3,03 0
2 00 ,0 0 0 *0 :0  
153,0:/.) ,030 
5-C5-O30 
25·, (> .‘)0 *('30 
14), (AO,.050
4 ,3 3 1 ,0 :5 0 x 0

84
iBalance outstanding at 31.12.1982
Year of · . In terest Term In i t i a l  amount in In  borrowing Equivalent
issue ■ (%  p .a .) (years) borrowing currency currency in E C U
1S 7 5 7 3/4 15' SFR . 80.000.000 79.425.000
1976 6 £ 7 30,000*000 30.000,000
. 1976 5 3/4 15 80.000.000 73.300.030
1977 4 i 8 65.000.000 65.000.000
1 £ > 7 T 4 i 16 60.co o .000 80.000 .coo
1';7e 3 5/3 5 37*500.000 37.500.000
1978 3 1/8 5 25.000,000 25.000,000
1970 3 £ 6 2 5 .coo.000 25.000,000
1973 3 5 20.000.000 20.000.000
1979 3 8 123.500.000 114.500.000
1979 3 5 <5.000.coo 15.000,000
1979 2 5/10-3} 4 25.000.000 12.500.000
1979 4 3/4 10 7.000.000 7.000.000
1 5 -3 0 5 i 6 36.000.000 36.000,000
1960 5 1/4 6 17,000,000 17*000.0-00
1‘M 6 i 5 30.000,000 30.oco.ooo
1 9Î-0 6 10 80.000.000 80.000.000
1 Q Ô 0 5 7/8 5 20.000.000 20. CO O .000
1 9 3 1 6 3/4 10 8o.ooo.coo 80.000.000
1 9 3 1 7 3/4 5 30.000.coa 3o.coo.ooo
1 9 8 1 8 £ 6 20.000. C O O 20.000.000
1 952 7 £ 5 <10.000.000 40,000.000
1 562 6 3/8~6 $/i 6 30.000.000 30.000*,000
1.028.000.000 969.225.000 501.934.251
Year of In te re s t term I n i t i a l  amount inBalance outstanding at 31.12.1982
issue (%  p .a .) (years) borrowing currencyIn borrowing  
currencyEquivalent  
in EC U
1p5 < 1 5 20 ^ kp 150.co o .000 10,750.0:0
1971 8 i 18 150.O C X ».000 8 1 .030.000
1972 7£ 15 '150.000,000 75.000,coo
1973 7 i 15 60.000.000 36.030.000
1973 7 £ 18 . 150.coo.000 135.000.000
1976 10 7 50.000.000 50.000.000
1976 10 1/5 18 250.000.000 230.770.000
1976 10 £ 7 50.000.000 10.000.000
1977 1 1 12 300.000.000 233*  400. oro
1978 11 4/10 6 <1.000  .coo 4  «  000.000
1975 11 4/10 7 <1.000.000 4.000.000
1978 10 8/10 1r > 275.000.000 232.693.003
1478 10 i 7 50.000.000 50.000,000
197?. 10 -  9 ,5 /ic 12 50,000.000 40,000,0:0
1979 10 10 300.000.000 300.003.003
'979 9 7/10 15 325.000.000 300.000 rf/CO
1979 1 1 20 100.co o .000 8 0 .3 6 8 .1 3 Î
'579 11 Î 
10 7/320 ;2 3 .000,000 18.577.321
'5:· 3 
1580-  8 20.000,000 20.000,000
12,225 
12 3 /4  + I)12 20.000.000 2 0 ,CO O  ..C:*)
1530 15 80.000.000 Co. 030 .«.'01JÏO 1A, 25 6 150.000,000 150.0:0.000
1070 14 12 400,000,000 333 .4-30.0C Ou /o 13,30 5 20.000.000 20.000.000
1530 13,60 5 10.000.000 10.030„000
K"0 13,95 8 20.0  00, O C X ) 20.000.000
1980 14,30 7 15.000.000 15,000.003
i5";o 14,30 7 20,000,000 20.c> :k)*(-ùo
1 9 31 15 5 23.000.000 20,000,000
1972 1 7J- 5 10.000.000 10.033.000
153217,5 10 1 8 ,M O . 030 18,000,030
1582 17 .  5 10.c o o ,000 10,000.000158217 £ 10 IB.COfj.OOO 18.M O ,030
1552 14 3/4 7 2.000..000 2.000,000
3.2Y4.COO.ODO 2,665*558,457 438.7j;·-

-  8 5 -
Balance outstanding a t 31.12.1982
Year o f ..  
issue■  In terest  
(% p .a .)Tçrm
(years)I n i t i a l  arrant in  
borrowing currency In  borrowing  
currency: Equivalent  
- in  E C U
1052 
1  ?53 
195/, 
1955
1975 
1575
1976 
1076 
1976 
197 i  
197 a 
1976
1g9o
1931 
1951 
19S1
1932 
1932 
10.32 
19?2 
19?24 3/4
4 5/8
5 3/4 
5 3/4 
8 t
8 5/8 
8
8 3/4 
8 5/8
8 3/4 
77 5/8 
10 7/8 
11 7/8 
11 5/8 
12 7/8 
12 1/8 
12
10,75 
11 3/16
9 1/02530
20
20
•Ï2
7
25
25
20
15
15
10
10
10
12
15
15
10
7
15' 1 1FL 6.000*000
1•750*000
25.000. 000
40.000. 000 
60.000,000 
20.000.000 
60.000.000
25.000. 000
30.000  X X )
14.000. roo 
100.000.000
14.000. 000 
50.000*000
50.000. 000
60.000. 0 C X )
45.000. 000 
100.000.000
40.000. 000
35.000. 000
11.200.000
15.000. 0001  .200*000 
648.000
3.550.000
8.200.000 
32.000.000
6.000.000 
60.000.000 
19.000*000 
22.800*000 
13.066.600 
100.000.000 
14.00c* .000 
50 ,(XX). 000
50.000. 000
60.000. 000
45.000. 000 
100.000,000
40.000.  coo
35.000. 000 
11.200.000
15.000. 000
801.950.000 686*664*600 270.121 315
Balance outstanding at 31.12.1982
Year of In terest Term I n i t i a l  amount in In  borrowing Equivalent
issue (%  p .a .) (years) borrowing currency currency in  E C U
1961 5 - l· 25 100.000.000 88.105.3,5/
1961 5 25 100.000’. 000 2 7.657.00s
1952 5 1/8
5 3 /825 250.000,000 85.057.695
19-74 20 150.000.000 2 0.000,000
1971 7 5 250.000,000 145.000*000
1971 7 3/4 12 300.000.000 42.000,000
1972 6 3/4 12 300. coo. 000 69.033.000
^ < r | 2 6 3/4 15 400.000,000 2 00,000*000
1973 6 3/4 15 300.000.000 ■  1 C O  * 000.003
1973 7 12 Coo.cno.ono 300.000*000
1973 7 15 800.000.003 4 80 .00 0 .030
1973 8 12 300*000.000 102,000.000
1973 8 12 200,000*000 6 8.0 0 0 .coy
1973 7 1/4 15 500.000 .O C X) 400,000.000
1575 9 10 500.000.000 26 0.000*000
1975 9 9 100.000,000 4 0 ,coo .000
1976 9 1
e l6 500,000*000 44 0*000,000
1977 10 5 00 .0 0 0 .coo 460.000.000
1978 7 3 /4  
7 3/410 250*000*000 250 ,0 0 0 , O C X )
197C 10 Coo.000 .000 525.ooo.ax')
1973 G 6 200.000.000 100,000,000
1979 8 3/4 8 500.000,000 500*000.000
19*30 10 10 500*000,000 500,000*000
1980 12 + 10 8 250.000.000 250*000*000
1950 11,75 8 400.000.000 400,000.000
1981 13 $ 7 3 oo .o o o .o ro 3OO.O-0O.OC-O
1991
198113 * 7 - 25G.GCO.OOO250,000*000
13 10 600.000,033 6 00.000*000
1981 15 6 150.003.000 . 150.000.000 '
1 C> r ;-115 7 100,003*000 10D.O..O.COO
15C2 · 14 3/1 8 52C.C00.030 520.O00.0G0
19S2 11 10 600.000.033 f.00.000.03'3
.
■11.570.000*000 C.391 .8.70.153

-  86 -
Year o f 
issueI n t e r e s t  
(% p . a . )Term
(y e a rs )B a la n c e  o u ts ta n d in g  a t 3 1.1 2 .1 9 8 2
b o rro w in g  c u rre n c y In  b o rro w in g  
c u rre n c yE q u iv a le n t 
in  ECU
. -
;  r !9 s /o
13 1/5-11  1 
17-14  3/4
13 ir
14 1/4 
16 ί / ΰ
15 5 /3  
14 7 /3
14 5 /3  
12,112 
10 
5 
8 
9 
, C
5 
8 
8
6UKJ 2 0.000,000 
5. o ro . 000
2 5 .0 0 0 . 0co
2 0 .0 0 0 . 000 
2 .0 0 0.00 0  
7 ,5 0 0.00 0  
2 .0 0 0.00 0
1 .0 0 0 . 000
3 .5 0 0.00 0
3 .0 0 0 . 00-016.750.003
5.003.330
25.000.CO0
2 0.0 33.CCO
1.850.033
7.500.000 
2,0M ,000 
6.030.003
3.503.000 
3.000.000
------ —--------- -
9.1.000.00090,6 30 «0001 5 0 . 577.27?
1  5'3 
1‘ X> 3
1970
1971 
1973 
1975 
ν?7· Γ*  
V/O  
l'/SO5 fi ,
6 3 /λ 
e 3 /4
7 3/1
7 3/4 
r f 
r, l 
13 3/ Λ  
13 i20
15
20
15
12
10
8
8
8Β Τ Ή  30 3.0 00.000
7 5 0 .0 0 0 . 000
50 0.C4X3.000
7 0 0 .0 0 0 . 000
1.0 0 0 .  000.003
1 .5 0 0 .0 0 0 . 000
2.0 0 0 . 0 0 0, C O O
2.0 0 0 . 000.303 
500,000.000?1,030„030 
90.000,000 
266. SCO  .COO
280.030.000
375.003.000
1 .0 0 0 . c o o .000
2.00 3.0 0 0. 000 
2.00 3.030.030
533.O3 0.CiOJ
9.25O.OOO.OOO6.532.53O.OOOι/Λ*  ì/."
------- ‘------ --------- -  -
B a la n c e  o u ts ta n d in g  a t  3 1.1 2 .1 9 8 2
Year o f 
issueI n t e r e s t  
(% p . a . )Term
( y e a r s )I n i t i a l  am ount in  
b o rro w in g  c u rre n c yI n  b o rro w in g  E q u iv a le n t 
c u rre n c y  in  ECU
1  w 
'■< /n9
97
1C J . D 50,000.000 
25.000.00050,000,000
25X00,0-00
75.oco.ooo 7 5.003.003  62.6Ì5.172
V/1C .
1
1V<2
1W
1979c  15 ·; *
6 
C 
6 
r,
7
7
7
1020
20
20
20
20
15
1r)
15
10u t 1 5 .0 0 0 . ero. coo 
15 · COO, COO, C O O
15 .0 0 0 . '· 0 0  „000
15.0 0 0 . 000.000
1 5 .0 0 0 . 000..0:0 
„ „ 2 0 ,0 0 0 .o::o,oco
2 0 .0 0 0 . 0 0 0 .rv o
lOvO.'O.ooo.o:;)  
3 0 .C O O .CO .· .000I
I .  0 0 0 .co o *000 
0 0 0 ,0 :0 /0 0 0
C , ο ί oro
6 / / Χ ί . . C :;'0
1 0 /0  Ϊ , Ο Ο Ο , Γ Ο Ο  
IOcCOO/'OXO:»  
7.Γ-33,.·Λ3.«.·;Λ
I I .  23' Λ > - . · · Μ Ύ . <
V ;? ? . B  i 8155.OO O XO :.’,coo  
TES 5 .0 0 0 .0 :0 ,0 0 055.. 2 y . i. (.·: .·3. ο  -·3 6+, 693 369  
5.000.0*33,003 ■  22Λ10.9<7
5 3/4 20 U .è i* ZO.Wi.f.OO 5.103.003  12.-0 5 5 · 734
B o rrow inc
re c e iv e d
1982js  c o n tr a c te d  b u t n o t y e t  
a t  3 1.1 2 .1 9 8 2
1 4 .7 5  8 . FF j 8.000.0006 ,1 7 7  2^6.365
U . 0
At present, th is  u n it o f account has the same value as that used by the former European Payments Union, as declined  
in A rticle 26(a) o f it s  C harter, i . e .  0.88867088 grams of fin e  gold. This value could change under certain  
ciramstances.
^Total amount o f borrowings contracted by the ECSC since its  inception = 9 787 471 402 EC U  (including borrowings  
redeemed).
^In this tab le repurchased ECSC bonds with a nominal value of 61.25 m illio n  EC U  which have been withdrawn from the  
market have not been taken in to  account.

- 87 -
Operations under the ECSC operating budget /3/
TABLE 32
Levy revenue in 1982 /5/
Breakdown by sector and Member State 76/
Belgium 
Denmark 
FR of Germany
Greece
France
Ireland
Italy
Luxembourg
Netherlands  
United Kingdo
TotalC o a l
Am ount (E C U )
1 08 G  6 84
14 740,172 
6 070
2 970 049
2 904
18 292 805
37 '.099 5042 ,9 3
3 9 ,7 3  
0,02 
8,01 
0,01
49, 30\mount (ECU)
1  0 0 , 00S t e e l
6 809.041
4 0 0  n o
26 884 053 
704 503 
13 393 277 
33 763 
1 6 .8 6 6  918 
2 .5 2 0 .0 3 1  
3 .030 537 
9 015.579
80 206 8628 ,4 9  
0,  00 
3 3 ,5 2
0, 94 
1 6 ,7 0  
0 ,0 4  
2 1 ,0 3  
3 ,1 4  
3 ,7 8  
11 ,86\mount (ECU)
1 0 0 /0 0T o t a l
7 895 
400 
41 624
760 
16 364 
36
16 .865 
2 .5 2 0  
3 030 
27 803695
110
225
573
126
667
918
031
537
434
1.17 306 3666 ,74 
0,34 
35,49
0,64 
13,95 
0 ,03
2,14
2,58
13,71
100 GO
1For fuller details of ECSC operations, see the "Sixteenth General Report on the  
Activities of the European Communities", points 296 and 328.

-  88  -
TABLE 33
Percentage of Levy revenue contributed by each Member State  
from 1978 to 1982 /5/
1978 1979 1980 1981 1982
Belgium 8,0 7,8 7,7 7,7 6,8
Denmark 0,5 0,4 0,4 0,4 0,3
FR of Germany 33,4 34,7 35,7 35 35,5
Greece — — 0,6 0,6
France 15,G " 15,5 '  15,0 14,9 14 ,0
Ireland \ 0,1 · 0,1 0,0 0,1 0,0
Italy 14,3 13,9 15,7 14,7 J 4,4
Luxembourg 2.8 2,7 2,7 2,22,1
Netherlands 3,2 3,1 2,9 3,12,6
United Kingdom 22,1 21,7 19,1 21,3 23,7
Total 100,0 100,0 10Qt0 100,0 1 OO r>.1  . V  J _

- 89 -
TABLE 34
Levy revenue by sector /5/  
from 1978 to 1982 161
(million ECU) /7/
1978 1979 1980 1981 1982
Coal 21,9 23,9 27,8 33,3 37,1
Steel 78,9 79,4 86,7 93,3 80,2
Total 100,8 103, 3 114,5 126,6 117,3

- 90 -
TABLE 35
Levy rate and net scales per tonne for each product category  
from 1977 to 1982 151
Period % rateBrown-coal 
briquettes and  
semi-coke 
derived from-
hri-iLn rrualHard coalPig iron 
other than 
for ingotsSteel in ingotsFinished products  
and end-products  
of iron and steel
(EUA)•
1.1.1977 0,29’0,06081 0,10220 0,35027 0,38423 0,17409
1.1.1978 0,290,06983 " > 0,11180.*, 0,33669 0,43362 0,19824
1.1.1979 0,290,07331 1 0,12131 0,30813 0,41565 0,19029
1.1.1980 0,310,08033 1 ' · 0,14003 1 0,34385 0,49190 0,22256
(ECU) .
0,09070 l 
0,112651.1.1981 0,31 0,16416? : 0,36230 0,54494 0,24300
1.1.1982 0,31- 0,19725 0,36820 0,51594' 0,24191
To obtain the deductions provided for in Article 3 of Decision 2/52, the above  
levy should be applied to the total tonnage of brown coal briquettes and semi-coke  
derived from brown coal, less 3%.
i
To obtain the deductions provided for in Article 3 of Decision 2/52, the above  
levy should be applied to the total hard coal tonnage defined in Article 1 of that  
Decision, less 14%.

-  91 -
TABLE 36 1
R ed ep lo ym en t ( " t r a d i t i o n a l  a id " )  : / 5 /
P r o v is io n s  by Member S t a te  and by s e c to r  / 6 /
(am ou n ts in  ECU) 77/
Amounts' c o v e re d  by p r o v is io n s  a t  
31 Decem ber 1981 (ECU)Amounts c o v e re d  
by p r o v is io n s  a t  
31 December 1982%  fo r
each
country
a t th e  ECU r a t e  on  
31 December 1981a t  th e  ECU r a t e  on  
31 December 1982
B elg iu m S te e l
C o al6 . 7 9 3 .0 2 8
3 . 5 2 6 . 6 0 0 (6 .7 8 6 .0 9 9  
3 .5 0 1 .0 5 67 . 6 8 6 .8 7 6  
3 . 1 2 9 . 5 1 0
T o t a l 1 0 .3 1 7 .6 2 8 1 0 .2 8 5 .1 5 5 1 0 .8 1 6 .3 8 6 3 ,9 5
FR o f Germany S te e l  
Coa l2 2 .3 2 3 .3 1 5
3 2 .9 6 9 .3 0 12 2 .3 6 3 .7 6 7
3 6 .5 3 0 .6 8 3 .2 9 .8 2 9 .7 0 9  
3 6 .9 0 6 .6 5 6  .·''
T o t a l 5 5 .2 9 2 .6 1 6 5 6 .8 7 6 .6 5 0  ^ 6 6 .7 3 6 .1 6 5 2 3 ,6 3
France S t e e l
C o al2 6 .8 0 5 .3 2 7
1 2 .3 2 9 .5 0 32 6 .7 8 2 .2 8 5
1 2 .3 2 9 .5 0 32 3 .6 5 8 .6 3 6
1 0 .6 9 7 .8 0 9
T o t a l 3 9 .1 3 6 .8 3 0 3 9 .1 1 1 .7 8 8 3 6 .3 5 6 .6 6 3 1 2 ,5 6
Ir e la n d S t e e l
C o al1 8 6 .3 6 9  · 1 8 6 .3 6 9 1 8 6 .3 6 9
T o t a l 1 8 6 .3 6 9 1 8 6 .3 6 9 1 8 6 .3 6 9 0 ,0 7
I t a l y S t e e l
C o al2 . 1 7 6 . 6  98 2 . 1 7 6 .6 9 8 2 . 0 8 0 . 6 0 8
T o t a l 2 . 1 7 6 .6 9 8 •  2 .1 7 6 .6 9 8 2 . 0 8 0 . 6 0 '8 0 ,7 0
Luxembourg S te e l  
Coa l2 .2 9 9 .0 6 9
(2 .2 9 9 .0 6 9 1  .5 7 1
T o t a l 2 .2 9 9 .0 6 9 2 . 2 9 9 . 0 Î 9 ,  1 .5 7 1 0
N e th e rla n d s S te e l
C o al1 .7 5 0 .0 0 0  
7 .5 5 5 .5 0 91 .7 5 0 .0 0 0  
7 .9 7 6 .6 7 8  11 .7 5 0 .0 0 0  
7 .1 8 6 .6 1 5
T o t a l 9 . 3 0 5 .5 0 9 9 .7 2 6 .6 7 8 8 . 9 3 6 .6 1 5 3 ,2 6
U n ite d  Kingdom S te e l
C o al1 2 0 .6 3 8 .2 1 0
1 2 .5 7 9 .2 7 01 2 0 .6 2 7 .2 1 0
1 2 .5 7 9 .2 7 01 1 3 . 1 0 6 . 9 6 A  
3 9 .7 2 7 .0 9 5
T o ta l1 3 3 .0 1 7 .6 8 0 1 3 3 .0 0 6 .6 0 0 1 5 2 .8 3 6 .0 3 9 5 5 ,7 9
T o t a l S te e l
C o al' Ί  u p , . 7 7 1 .7 9 6  
6 8 .9 5 8 .1 8 31 8 2 .7 6 9 .2 7 7
7 0 .9 1 5 .1 9 0 .1 7 8 .2 9 8 .7 0 9
9 5 .6 6 7 .6 8 5
T o ta l 2 5 1 .7 2 9 .9 7 9 2 5 3 .6 6 6 .6 6 7 2 7 3 .9 6 6 .1 9 6 loo ·:
For f u l l e r  d e t a i l s  o f ECSC re d e p lo y m e n t o p e r a t io n s , see th e  " S ix te e n t h  G e n e ra l R e p o rt on th e  
A c t i v i t i e s  o f th e  Eu ro pean  C o m m u n itie s " , p o in t 2 9 6 .

-  92 -  
TABLE 37
Redeployment /5 /
Social measures in connection with steel restructuring 1 5 1 
Provisions by Member S ta te ' /6 /
(amounts in ECU) 1 1 1
. Amounts covered by provisions  
at 31 December 1981  
(ECU ra te  at 31 December 1982)Amounts covered by provisionE  
at 31 December 1982Percentage
Belgium 4.753.014 12.382.706 7,99
F R  of Germany 811.494 8.982.695 5,79
France 21.388.559 58.164.423 37,52
Italy 2.115.674 15.970.171 10,30
Luxembourg 289.818 1.153.354 0,74
Netherlands - 1.195.448 0,77
United Kingdom 19.272.885 57.187.861 36,89
Total 48.631.444 155.036.658 100,00
For fu lle r  d e ta ils  of ECSC redeployment operations, see the "Sixteenth General Report on  
the A c tiv itie s  of the European Communities'^ point 297.

- 93 -
TABLE 38
Redeployment /5/
. . . .  .  .  1New allocations and the effect on employment lo l
1982
Numbers of people  
receiving aidNew allocations  
(ECU)%
Belgium
Coal
Steel 1.142 1 988 50D 1,73
FR of Germany
Coal 4 644 6 748 500 5,87
Steel8 264 9.611 500 8,36
France
Coal
Steel615 1 986 000 1,73
United Kingdom
Coal 6 880 34 328 500 29,85
Steel 12 102 60 337 000 52,4 -6
Total ;  33 647 115 000 000 100,00
Total coal: 41 077 000 (35.72%)
Total steel: 73 923 000 (64.28%).

TABLE 39
Technical, economic and social research /5/  
Provisions by sector 76/
(ECU) 77/
Amounts covered by provisions  
at 31 December 1981Amounts covered by provisions  
at 31 December 1982
Steel 36 .016 211 36 4.22 761
Iron ore 132 800 84 800
Coal 30 347 347 .  27 356 453
Hygiene, safety and  
industrial medicine 11 311 508 16 784 151
Publication of research  
findings ' 556 508
/466 454
Total 78 364 374V
81 114 619

- 95 - 
TABLE 40
. 1Technical and social research /5/  
New allocations by sector 161 
1982
Unit of 
measurementCoal Steel Iron ore Hygiene, safety and  
industrial medicineTotal
1. New contracts number 39 83 - 87 ■  -
2. Supplements to existing  
contractsnumber 6 42 1 22
3. Allocations for 1 and 2 ECU 13976 700 18-750. 000 - 13-399 245 46.125.945
4. Ancillary costs for
publication of research  
findingsECU 16 -  403 198109 - 250 992 465504
Total 13993 103 18-948.109 - 13 650.237 46 591449
1For fuller details of ECSC activities, see the "Sixteenth General Report on the Activities of the European Communities",  
points 580 and 591.

- 96 - ANNEX B
COMMISSION OF THE EUROPEAN COMMUNITIES
DESCRIPTION OF ITEMS IN THE  
ECSC BALANCE SHEETS AND ACCOUNTS
FINANCIAL YEAR 1982
(SUPPLEMENT TO THE ECSC FINANCIAL REPORT  
FOR 1982)

- 97 -
CONTENTS
BALANCE SHEET - ASSETS
1. PORTFOLIO (EXCLUDING ECSC BONDS) AT 31 DECEMBER 1982
2. ISSUING COSTS AND REDEMPTION PREMIUMS
3. BANK DEPOSITS FOR COUPONS AND BONDS DUE BUT NOT  
YET PRESENTED FOR PAYMENT AT 31 DECEMBER 1982
A. LAND AND BUILDINGS AT 31 DECEMBER 1982
5. OTHER ASSETS AT 31 DECEMBER 1982
6.  ACCRUALS AND DEFERRED INCOME AT 31 DECEMBER 1982
BALANCE SHEET - LIABILITIES
7. COUPONS AND BONDS DUE BUT NOT YET PRESENTED FOR  
PAYMENT AT 31 DECEMBER 1982
8.  OTHER LIABILITIES AT 31 DECEMBER 1982
9. ACCRUALS AND DEFERRED INCOME AT 31 DECEMBER 1982
10. COMMITMENTS FOR ECSC OPERATING BUDGET AT 31 DECEMBER 1982
REVENUE AND EXPENDITURE ACCOUNT FOR 1982
11. GAINS ON SECURITIES
12. ISSUING COSTS AND REDEMPTION PREMIUMS
13. OTHER EXPENDITURE

- 98
1. PORTFOLIO (EXCLUDING ECSC BONDS) AT 31 DECEMBER 1982
Nominal value Value in balance sheet Market value
ECU ECU ECU
£ 78.295.620
DM 158.149.069
FB 5.012.058
FF 2.446.769
Ft 2.637.231
EUA 47.250.000
US $ 30.434.023
324.224.77079.023.865
155.877.995
4.739.513
2.326.900
2.612.426
47.235.813
26.320.535
318.137.04781.212.966  
158.362.143  
4.780.775  
2.342.810  
2.788.601  
48.030.000  
26.359.481
323.876.776

- 99 -
2. Issuing costs and redemption premiums
(ECU)
Balance at  
31.12.19821) Amortization
2) Exchange  
differenceBalance at  
31.12.1982
Issuing costs
Redemption
premiums61 735 256  
498 3741) 10 299 607
1) 172 491
2) 29 08751 435 649  
296 796
62 233 630 51 732 445

-  100  -
3. Bank deposits for coupons and bonds due but not yet presented for  
payment at 31 December 1982
ECU 48 441 521
These are deposits made with bank agents for the  
payment of coupons and bonds that have fallen  
due but have not yet been presented by the  
holders of ECSC securities, viz. 30 475 699 ECU  
for the coupons and 17 965 822 ECU for the bonds;  
these amounts include the fees payable to banking  
intermediaries.
The amount of such deposits has increased by  
3 420 612 ECU compared with the previous year.

-  101  -
4. Land and buildings at 31 December 1982 387 595 ECU
This item relates to three buildings, viz.:
- the building in Washington, with a current value  
fixed on 31 December 1976 of US $ 375 061.77  
(387 594 ECU);
- the building in Paris, jointly owned, by the  
ECSC, EAEC and the EEC. The purchase price  
in 1958 was FF 1 679 311 (257 481 ECU);
- the building in London, with a 99-year lease
and valued in 1978 at BFr 15 000 000 (330 975 ECU).
This building is jointly owned by the three  
Communities.
The latter two buildings are valued at a token 1 ECU  
in the ECSC balance sheet.

-  102  -
5. Other assets at 31 December 1982 63 519 436 ECU
This item covers:
(a) Levies receivable 9 314 138 ECU
This amount includes deferred payments  
in respect of coal in stock
(b) Member States' contributions 7 842 608 ECU
Sums owed by 3 Member States which have
not yet paid their special contribution, viz.:
Belgium1980 1981 TOTAL
- 193 596 193 596
Italy 19 424 6 386 588 6 406 012
Greece-1 243 000 1 243 000
19 424 7 823 184 7 842 608
(c) Fines receivable
- Sums due from several companies in Belgium,
France, the Federal Republic of Germany,
.Italy and the Netherlands in respect of  
fines imposed by the Commission, for the most  
part for failure to comply with minimum prices  
or production quotas laid down by the
Commission 45 255 733 ECU
(d) Loans overdue 32 342 062 ECU

- 103 -
(e) Other
- A sum due from the French Government
in respect of tax payments (on coupons)
to be refunded 821 618 ECU
- Mi seeLlaneous 2 061 442 ECU
(f) Aggregate value adjustments (34 118 165)ECU
in respect of other assets

- 104 -
6.  Accruals and deferred income at 31 December 1982 205 601 620 ECU
This item covers:
(a) Interest receivable
Includes interest and fees accrued but not  
yet due on loans, guarantees, deposits and
investments. — 186 163 917 ECU
(b) Amounts declared in respect of the levy  
for the last two months of the year but
not yet due at 31 December 1982. 16 957 933 ECU
(c) Contribution by Greece
Last instalment of the contribution
following accession due in 1983. 1 000 000 ECU
(d) Interest subsidies (Articles 54 and 56)
Interest subsidy payments made in 1982 for
due dates early in January 1983. 1 479 770 ECU
/ /
/

- 105 -
7. Coupons and bonds due but not yet presented for
payment at 31 December 1982 48 415 654 ECU
This is the contra entry to "Bank deposits for coupons  
and bonds due", excluding coupons of 27 867 ECU which  
have lapsed.
8.  Other liabilities at 51 December 1982 11 420 838 ECU
This item covers:
- an amount due to Germany in respect of coke aid 49 560 ECU
- life-assurance premiums deducted from the salaries  
of officials in receipt of a loan from the former  
pension fund and still to be paid to the assurance
company 72 093 ECU
- issuing costs payable 151 918 ECU
This item is the outstanding balance on issues in 1982.
- amounts to be reimbursed to the Commission in respect of  
research, redeployment and interest subsidy payments made
on behalf of the ECSC 10 016 125 ECU
- overpayment of levy by an undertaking 932 191 ECU
- miscellaneous 198 951 ECU

- 106 -
Accruals and deferred income at 31 December 1982 288 798 398 ECU
(a) Interest payable 265 896 289 ECU
This item lists the interest and fees accrued but not  
yet due on borrowings, together with the interest  
subsidies accrued.
The amount is made up as follows:
- accrued interest on borrowings 257 913 611 ECU
- accrued fees
- accrued interest subsidies
(b) Non-realized gains on conversion1 315 387 ECU  
6 667 291 ECU
22 902 109 ECU
These are gains resulting from the conversion of the  
balance sheet of 31 December 1981 at the ECU rate of  
31 December 1982.
10. Commitments for ECSC operating budget at 31 December
1982 788 825 395 ECU
(a) Financial assistance 584 065 989 ECU
This item comprises the provisions for legally binding  
commitments at 31 December 1982
(b) Other 204 759 406 ECU
This item comprises, at 31 December 1982, provisions  
for future commitments (98 759 406 ), the interest on  
own funds (80 000 000) and 26 000 000 for contingencies.

- 107 -
11. Gains on ECSC portfolio 11 730 529 ECU
and
Gains on ordinary portfolio 21 674 806 ECU
These items are the net result of realized gains and losses.
They comprise:
ECSC portfolioOrdinary
portfolioTotal
Losses on disposals 221 671 2 498 487 2 720 158
Gains on disposals 11 952 200 24 173 291 36 125 491
Total 11 730 529 21 674 804 33 405 333
\

- 108 -
12. Issuing costs and redemption premiums 17 861 111 ECU
This item represents the annual amortization of the  
issuing costs and redemption premiums which appear on  
the assets side of the balance sheet.

-1 0 9 -
Other expenditure  
This item comprises:
- interest on debit bank balances
- sundry expenditure relating to loans
- bank charges
- interest on credit lines
- miscellaneous509331ECU
38711ECU
raised 119 221ECU
328131ECU
14305ECU
8963ECU

-  110  -
ANNEX C
NOTICE
Financial statements of the European Coal and Steel Community
for 1981 and 1982
In accordance with undertakings given in connection with ECSC borrowing  
and lending activities, the Commission is publishing below the  
ECSC financial statements drawn up under Article 78 of the  
ECSC Treaty. These financial statements consist of the following:
- Balance sheets of the European Coal and Steel Community at  
31 December 1982 and 31 December 1981;
- Revenue and expenditure accounts for years ending 31 December 1982  
and 31 December 1981;
- Allocation of surplus of revenue over expenditure for years ending  
31 December 1982 and 31 December 1981.
The ECSC financial statements are accompanied by the report of the  
Court of Auditors, compiled in accordance with Article 78f(5) ECSC,  
concerning the financial operations of the ECSC in 1982 other than  
those relating to administrative expenditure and revenue.