CELEX: 51982PC0105
Language: en
Date: 1982-03-11
Title: Amendment to the proposal for a COUNCIL REGULATION (EEC) setting the time limit and conditions for the achievement of financial balance by railway undertakings (Presented by the Commission to the Council pursuant to the second paragraph of Article 149 of the EEC Treaty)

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DOCUMENTS "COM"
COM (82) 105
Vol. 1982/0038
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 ---pagebreak--- COMMISSION OF THE EUROPEAN COMMUNITIE
                                                                  COM(82 ) 105 final
                                                                  Brussels , 11 March 1982
                                  Amendment to the proposal for a
                                        COUNCIL REGULATION ( EEC )
      setting the time limit and conditions for the achievement of
                          financial balance by railway undertakings
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                     ( Presented by the Commission to the Council
                       pursuant to the second paragraph of Article
                        149 of the EEC Treaty )
C0M ( 82 ) 105 final
 ---pagebreak---                          EXPLANATORY MEMORANDUM
       On 20 January 1981 , the Commission placed before the Council a
proposal for a Regulation setting the time limit and conditions for
the achievement of financial balance by railway undertakings ( 1 ).
       On 16 October 1981 , Parliament approved this proposal subject to
an amendment concerning the definition of financial balance which it
considers should be assessed not " annually " but " taking one year with
another " in order to allow for normal trade fluctuations in a market
which is constantly changing under the influence of diverse economic
factors .
       Pursuant to the second paragraph of Article 149 of the EEC Treaty ,
the Commission is hereby amending the above-mentioned proposal for a
Regulation .
< 1 ) OJ No C 37 of 20.2.1981 , p. 7 .
 ---pagebreak---                                                 Amendment to the proposal for a
                                                      COUNCIL REGULATION ( EEC )
                                       setting the time limit and conditions for the achievement of financial
                                                 balance by railway undertakings
                                       Preamble , recitals and Article 1 unchanged
                           Artii lt' 2                                                      Article 2
 Within , tlu- meaning of this Regulation, financial                Within the meaning ot this Regulation , financial
 luLiine in respect oi railway undertakings shall be                balance in respect of railway undertakings shall be
. ISM ,s.\l In rclcreucc lo their pro, it ami loss accounts. It     assessed by reference to their profit and loss accounts. It
-.liail correspond to a situation in which , taking account         shall correspond to a situation in which , taking accounr
ot all its activities, the expenses of a railway                    of all its activities, the expenses ot a railway
undertaking arc covered bv its revenue each year.                   undertaking are covered by its revenue taking one year
                                                                    with another.    .    -
                                       Articles 3 to 5 and annex unchanged