CELEX: 31977D0250
Language: en
Date: 1977-03-22 00:00:00
Title: 77/250/EEC: Council Decision of 22 March 1977 on the allocation of 7 438 500 European units of account to the European Development Fund (1975)

26. 3 . 77                              Official Journal of the European Communities                             No L 78 / 19
                                                    COUNCIL DECISION
                                                       of 22 March 1977
              on the allocation of 7 438 500 European units of account to the European Deve­
                                                     lopment Fund ( 1975 )
                                                          (77/250/ EEC)
THE COUNCIL OF THE EUROPEAN                                         European Development Funds ( 1963 and 1969), less
COMMUNITIES,                                                        any commission due to the European Investment
                                                                    Bank, shall be allocated as follows :
Having regard to the Treaty establishing the European
Economic Community,                                                    593 750  European   units  of account to Belgium,
                                                                    2 465 250   European   units  of account to Germany,
Having regard to the Internal Agreement on the                      2 465 250   European   units  of account to France,
financing and administration of Community aid (*),                  1 140 000   European   units  of account to Italy,
signed in Brussels on 11 July 1975, hereinafter called                   19 000 European   units  of account to Luxembourg,
' Internal Agreement', and in particular Article 10 ( 1 )              755 250   European  units  of account to the Nether­
thereof,                                                                         lands ,
                                                                    i.e. a total of 7 438 500 European units of account ;
Having regard to Council Decision 76/ 569/ EEC of 29
June 1976 on the allocation of two million units of                 these allocations shall be made in order to cover in
account to the French overseas territories pursuant to              part the contributions which those States will be
Article 10 of the Internal Agreement (2),                           required to pay to the Commission under the sche­
                                                                    dules of calls for contributions laid down by the
 Having regard to the proposals from the Commission,                Council pursuant to Article 7 of the Internal Agree­
Whereas the Democratic Republic of Sao Tome and                     ment and the procedures laid down in Article 2 of the
 Principe, the Republic of Cape Verde and Papua New                 Financial Regulation of 27 July 1976 applicable to the
Guinea have submitted requests for accession to the                 fourth European Development Fund (4).
ACP-EEC Convention of Lome (3), pursuant to Article
 90 thereof ; whereas the Accession Agreements                                               Article 2
 between the Community and these three States will                  These amounts shall be paid by the European Invest­
 be signed in the near future ;                                     ment Bank, at the request of the Commission, within
 Whereas the Internal Agreement will be amended on                  the limits of sums and currencies actually available.
 the occasion of the accession of these three States to
                                                                    The rates of exchange from these currencies to the
 the ACP-EEC Convention of Lome and will provide                    European unit of account shall be those obtaining on
 for the payment of additional contributions by the                 the second working day before the payment.
 Member States to the European Development Fund
 ( 1975);                                                                                     Article 3
 Whereas use should be made of the possibilities                    This Decision shall be published in the Official
 provided by Article 10 ( 1 ) of the Internal Agreement             Journal of the European Communities.
 in respect of the additional contributions of the orig­
 inal Member States,                                                 It shall be applicable from the date of entry into force
                                                                    of the Agreement amending the Internal Agreement.
 HAS DECIDED AS FOLLOWS :
                                                                     Done at Brussels, 22 March 1977.
                            Article 1
                                                                                                   For the Council
 The payments, proceeds and income referred to in
 Article 10 ( 1 ) of the Internal Agreement which have                                              The President
 accrued, as from 1 August 1975, from operations
  financed from the resources of the second and third                                                Judith HART
 (') OJ No L 25, 30 . 1 . 1976, p. 168 .
 (2 ) OJ No L 176, 1 . 7 . 1976, p. 98 .
 (3) OJ No L 25, 30. 1 . 1976, p. 2 .                               (4) OJ No L 229, 20 . 8 . 1976, p. 9 .