CELEX: 31973D0242
Language: en
Date: 1973-07-24 00:00:00
Title: Council Decision of 24 July 1973 giving a discharge to the Commission in respect of the implementation of the transactions of the Development Fund for the Overseas Countries and Territories (1st Fund) for the financial year 1970

No L 228 /36                             Official Journal of the European Communities                                  16 . 8 . 73
                                                      COUNCIL DECISION
                                                           of 24 July 1973
              giving a discharge to the Commission in respect of the implementation of the transactions
              of the Development Fund for the Overseas Countries and Territories ( 1st Fund) for the
                                                         financial year 1970
                                                            (73/242/EEC )
THE COUNCIL OF THE EUROPEAN COMMUNITIES ,                             Fund for the Overseas Countries and Territories ( 1st
                                                                      Fund), only the Council, acting by a qualified
Having regard to the Treaty establishing the                          majority, shall give a discharge to the Commission in
European Economic Community ;                                         respect of the financial administration of the Fund ;
Having regard to the Implementing Convention on                       Adopting the other remarks of the European
the   Association     of the      Overseas     Countries    and       Parliament, and in particular those in points 25 — 27
Territories with the Community, annexed to the                        of Section III of its Discharge Decision for the
Treaty ;                                                              financial year 1970 ;
Having regard to Council Regulation No 5 (*) laying                   Whereas an advance of 57743 933 units of account
down detailed provisions relating to the collection                   has been paid to the European Development Fund
and transfer of financial contributions, the budgeting                ( 1963 ) (2nd EDF);
and    administration       of     the    resources    of    the
                                                                      Whereas      the    overall    implementation    by       the
Development Fund for the Overseas Countries and                       Commission       of   the   transactions   of   the     first
Territories, and in particular Article 16 thereof;                    Development Fund during the financial year 1970
Having regard to provisional Council Regulation No                    was such as to entitle it to be given a discharge in
6 (2) relating to the responsibility of authorizing and               respect of the implementation of these transactions ;
accounting officers for the resources of the
Development Fund for the Overseas Countries and                       HAS DECIDED AS FOLLOWS :
Territories ;
                                                                                                Article 1
Having regard to the revenue and expenditure
accounts, the statement and the summary of                            The views of the Council on Comment No 210 of the
transactions of the Development Fund for the                          Audit Board are as set out in the Annex .
Overseas Countries and Territories ( 1st Fund ),
adopted on 31 December 1970 ;                                                                   Article 2
Having regard to the report of the Audit Board on                     The Council closes the expenditure and revenue
the accounts for the financial year 1970 , and in                     accounts of the European Development Fund for the
particular the second part thereof devoted to the                     Overseas Countries and Territories on 31 December
Development Funds, to which report are annexed the                    1970 as follows :
replies of the Commission to the comments of the                      Revenue
Audit Board (3);
                                                                      at the sum of       582 520 065·62 u . a .
Having examined the remarks of the European
Parliament on the transactions of the Development                     Expenditure (payments)
Funds on the occasion of its Decision of 9 May 1973                   at the sum of       524 776 133·04 u . a .
on 'the discharge to be given to the Commission in
respect of the implementation of the budget of the                                              Article 3
European Communities for the financial year 1970
and on the report of the Audit Board ', hereinafter                   The Council gives a discharge to the Commission in
referred to as the 'Discharge Decision ';                             respect of the implementation of the transactions of
                                                                      the Development Fund for the Overseas Countries
Recalling that, in accordance with the provisions                     and Territories ( 1st Fund ) for the financial year 1970 .
applicable to the implementation of the Development
                                                                      Done at Brussels, 24 July 1973 .
(*) OJ No 33 , 31 . 12 . 1958 , p. 681 /58 .                                                               For the Council
H OJ No 33, 31 . 12. 1958, p. 686/58 .
                                                                                                            The President
(3) This report is available from the institutions of the
    Communities .                                                                                          I. NØRGAARD
 ---pagebreak--- 16 . 8 . 73                        Official Journal of the European Communities                         No L 228 /37
                                                       ANNEX
            Comment No 210 of the Audit Board on the development of the commitments of the
            Development Fund for the Overseas Countries and Territories ( 1st Fund)
            The Council points out that, anxious to ensure the efficient financial administration of the
            Development Funds, it adopted on 30 May 1972 a 'Decision on the transfer and use of the
            unexpended balances of the Development Fund for the Overseas Countries and Territories set
            up under the Implementing Convention annexed to the Treaty establishing the European
            Economic Community '.
            By this Decision the balances of appropriations not spent when implementing the projects of
            the 1st EDF are transferred to the 2nd EDF and used exclusively for financing economic and
            social investment projects .
            The unexpended balances transferred in this way are used in accordance with the procedures
            laid down in the Internal Agreement concerning the financing and administration of Community
            aid, signed at Yaoundé on 20 July 1963 .
            Finally, the EDF Committee shall be kept informed by the Commission semi-annually of the
            unexpended balances, their nature and the volume of the transfers made.