CELEX: 51977PC0024
Language: en
Date: 1977-02-10
Title: Proposal for a COUNCIL DECISION on the allocation to the EDF (1975 of an amount of 7 438 500 units of account pursuant of the Internal Agreement on the financing and administration of Community aid (submitted to the Council by the Commission)

ARCHIVES HISTORIQUES
DE LA COMMISSION
COLLECTION RELIEE DES
DOCUMENTS "COM"
COM (77) 24
Vol. 1977/0009
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 ---pagebreak---   COMMISSION OF THE EUROPEAN COMMUNITIES
                                                  COM(77)24 final
                                                  Brussels . 10 February 1977
                                 Proposal for a
                                COUNCIL DECISION
                    on "the allocation to the EDF ( 1975 of an
                   amount of 7 438 500 units of account pursuant
                              of the Internal Agreement
                              on the financing and ad­
                              ministration of Community
                                       aid
                  ( submitted to the Council Toy the Commission )
COK(77 ) 24 final
 ---pagebreak---   EXPLANATORY MEMORANDUM         :
  I.        Negotiations between the Community and
                   Sao Tome and Principe
                   Cape Verde
                   Papua New Guinea
            for their accession to the ACP-EEC Lome Convention toqk place in Brussels
            in accordance with the Council Directives of 14 July 1976
                   - on 16 July 1976 with Sao Tome and Principe and Cape Verde
                   - on 29 October 1976 with Papua New New Guinea
            Following these negotiations - the Commission presented two communicationsd )
                                                                     s
            to the Council with a view to undertaking the procedure for signing and
                                                                     4:
            concluding an accession agreement with each of these three applicant States .
                                                                     Γ .
II . 1 .    At a meeting of the Council of Ministers on 17 January 1977, it was decided
            that an additional amount of 22.5 million units of account would be allocated
                                                                     Î
            to aid for the ACP States under the fourth EDF .         f
            The 22.5 million units of account will be financed as follows :
                                                                      ι
            ( 1 ) by the allocation of the amount referred to in the first indent of Article
            30(A ) of the Council Decision of 29 June 1976 ( 2 ) on the association of the
            overseas countries and territories with the European Economic Community , of
            13 mi I lion u . a .
 v1 )    See C0M(76)450 final of 8 September 1976 for Sao Tome and Principe and Cape Verde
         and C0M(76)634 final / A of 25 November 1976 for Papua New Guinea .
 v2 ;    Décision 76/ 568/ EEC - 0J N° L 176/ 8, 1.7.1976, page 15 .
 ---pagebreak---                                            - 2 -
( 2)     by new contributions from the Member States totalling       9.5 million u.a .
2.     On the basis of the scale for the fourth EDF , this amount of 9.5 million u . a .
is broken down as follows :
               Be Igium                593 750 units
                                                   II
               Denmark                 228 000
                                                   II
               Germany              2 465 250
                                                   •I
               France               2 465 250
                                                   II
               Ireland                    57 000
                                                   M
               Italy                1 140 000
                                                   tt
               Luxembourg                 19 000
               Netherlands             755 250     II
                                                   II
               United Kingdom       1 776 500
 3.    The contributions from each Member State will be covered as follows :
 ( 1 ) by additional payments of the following amounts by Denmark , Ireland and
        the United Kingdom :
               Denmark                 228 000 units of account
               Ireland                    57 000   "
               United Kingdom       1 776 500      "
 ( 2 ) by the allocation of the payments , proceeds and income referred to in
        Article 10(1 ) of the 1975 Internal Agreement on the financing and
        administration of Community aid and which accrue from operations financed
        from the resources of the second and third EDFs up to the following amounts
        in respect of Belgium , Germany , France , Italy , Luxembourg and the Netherlands
               Belgium                 593 750    units of account
               Germany              2 465 250
                                    •i /. ZC ICfl     II      II
               France               2 465    250
               Italy                1 140 000
               Luxembourg                 19 000
               Netherlands             755 250
                                                                        •••/•• •
 ---pagebreak---                                         - 3 -
      4.  Since the contributions from each Member State will have to be covered,
      fully by the end of 1980 at the latest , this means that because of the different
      scales established for the second and third EDFs and the different percentages
      for each Member State , certain Member States will fulfill their obligations before
      other Member States , though this anomaly will be eliminated before the end of 1980 .
      This difference in timing will in any case in no way affect the financing of the
      EDF because , owing to the general long time lag between commitments and
      disbursements , the final contributions to the Fund will not have to be called up
      until several years after the end of 1980 .
III . So that the amounts indicated in ( 3 ) above may be allocated to cover the
      contributions of each Member State in order to take into account the accession
      of the Democratic Republic of Sao Tome and Principe , the Republic of Cape Verde
      and Papua New Guinea to the ACP-EEC Lome Convention , the Commission is forwarding
      to the Council the annexed proposal for a decision on the use of the amounts of
      the payments referred to in Artiole 10(1 ) of the Internal' Agreement ( 1975)*
 ---pagebreak---  Proposal for a Council Decision on the allocation to the EDF ( 1 9T5 ) of the
 6um of 7 438 500 units of account pursuant to Article 10(l ) of the Internal
Agreement on the financing and administration of Community aid of 11 July 1975
THE COUNCIL OF THE EUROPEAN COTgfUNITISS .
Having regard to the Treaty establishing the European Economic Community ,
Having regard to the Internal Agreement 76/165/EEC on the financing and admini­
stration of Community aid ( 1 ) signed in Brussels on 11 July 1975 » and in
particular Article 10(l ) thereof,
Having regard to the proposal from the Commission,
Whereas the Democratic Republic of Sao Tome and Principe , the Republio of Cape
Verde and Papua New Guinea have signed Agreements of Accession to the ACP-EEC
                      2
Convention of Lome , pursuant to Article 90 thereof , on
                                                  and
                                                  respectively :
Whereas the possibilities under Article 10(l ) of the said Internal Agreement
should be used to cover the additional contributions to the EDF ( 1 975 ) from the
Member States listed in Article 1 below following the accession to the ACP-EEC
Lome Convention of the above–named three States ,
HAS DECIDED AS FOLLOWS :
                                 Article 1
The payments , proceeds and income referred to in Article 10(l ) of the Internal
Agreement on the financing and administration of Community aid which accrue
from operations financed from the resources of the second and third EDFs , less
any commission due to the Bank: under that heading, shall be placed in reserve
up to the following maximum amounts in respect of Belgium , Germany, Prance ,
Italy , Luxembourg and the Netherlands :
                                  Belgium        593 750 units of aocount
                                  Germany      2 4^5 250   "           "
                                  France       2 465 250   "           "
                                  Italy        1 140 000   "           "
    ■Z No L 25 , 30.1.76 , p. 1
   ~J No L 25 , 30.1.75 , p. 168                                           •/•
 ---pagebreak---                               - I(a     -
                     Luxembourg       19 000 units of account
                    Netherlands      755 250     "        "
                              Article 2
These amounts shall "be paid to the Commission, at its request , and used for
covering the contributions of those Member States to talce into account the
accession of the Democratic Republic of Sao Tome and Principe , the Republic
of Cape Verde and Papua Hew Guinea to the ACP-EEC Convention of Lome .
                                         Done at
                                             For the Council
                                             The President
 ---pagebreak---                                 FINANCIAL RECORD
                               for the 1977 Budget
PART 1 :   INTERVENTION APPROPRIATIONS
           (for existing and. new projects )               ;
1.   RELEVANT BUDGET HEADING CODE
     Not applicable
2.   TITLE OP BUDGET HEADING
     Not applicable
3*   LEGAL BASIS
     - Article 238 of the EEC Treaty
     - Article 10 ( 1 ) of the Internal Agreement on the financing and
        administration of Community aid , signed on 11 July 1 975 •
4 . DESCRIPTION , OBJECTIVE(S ) AND JUSTIFICATION OF THE fROJECT
                                                             &
                                                       -     Ml
     The purpose of this measure is to adjust the amount^ allocated to the
     EDF, following the accession of Sao Tome and Princige , Cape Verde and
     Papua New Guinea to the Lome Convention. Neither 1[he additional funds
     nor the overall EDF appropriation accrue from the Community budget .
 5 . APPROPRIATIONS ( in u. a .)
     Not applicable
 6.   TYPE OF CONTROL TO BE APPLIED
      S^rpecof control provided for in. the context of the Lome Convention and
      the EDF Financial Regulation .
 ---pagebreak---                                     - 2 -
B. PART 2 :   ADDITIONAL DATA TO BE PROVIDED
              FOR A NEW PROJECT1
   7. OVERALL COST OP THE PROJECT (FOR THE WHOLE OF ITS EXPECTED DURATION)
         Not applicable
   8 . INFORMATION REGARDING STAFFING AND THE APPROPRIATIONS FOR ADMINISTRATIVE
         EXPENDITURE NECESSARY FOR THE IMPLEMENTATION OF THE PROJECT
         (For the current financial year, for the next three years, and (if possible)
         for the entire duration of the project )
         Not applicable
    9.   PROJECT FINANCED FROM:
         Contributions outside the Community budget from the Member States of the
          Community .
       The Commission Decision of 28 November 1973 on new budget procedures
       mentions the need to draw up a "financial memorandum" for each new
       project , consisting of the two parts of this financial record#
                 «