CELEX: 31977D0321
Language: en
Date: 1977-04-05 00:00:00
Title: Council Decision of 5 April 1977 giving a discharge to the Commission in respect of the operations of the European Development Fund (1963) (2nd EDF) for the 1974 financial year

No L 105. 48                                  Official Journal of the European Communities                                    28. 4. 77
                                                          COUNCIL DECISION
                                                              of 5 April 1977
                  giving a discharge to the Commission in respect of the implementation of the operations of the
                              European Development Fund ( 1963 ) ( 2nd EDF) for the 1974 financial year
                                                               (77/3 21 /EEC)
THE COUNCIL OF THE EUROPEAN COMMUNITIES,                                  nexed the Commission's replies to the comments made by
                                                                          the Audit Board ,
Having regard to the Treaty establishing the European                     Having regard to the opinion of the European Parliament
Economic Community,                                                       of 14 December 1976 ,
Having regard to the Convention of Association between                    Recalling that, in accordance with the provisions applica­
the European Economic Community and the African                           ble to the implementation of the European Development
States and Madagascar associated with the Community^),                    Fund ( 1963 ) (2nd EDF), only the Council, acting by a
signed at Yaounde on 20 July 1963 ,                                       qualified majority, shall give a discharge to the Commis­
                                                                          sion in respect of the financial administration of the Fund;
Having regard to Council Decision 64/349/EEC of 25
February 1964 relating to the association of the overseas
countries and territories with the European Economic                      Whereas revenue for the 1974 financial year consisted
Community (2),                                                            mainly of the contributions of the Member States,
                                                                          amounting to 724 534 024-54 units of account, and of
Having regard to the Internal Agreement on the financing                  miscellaneous revenue of the Fund ; whereas, moreover,
                                                                          an advance of 19 543 038 39 units of account was
and administration of Community aid (3), signed at Ya­
ounde on 20 July 1 963 , and in particular Article 17 there­              granted from the resources of the Development Fund for
of,                                                                       the overseas countries and territories ( 1st Fund);
Having regard to Financial Regulation 64/356 /E£C of                      Whereas pursuant to the abovementioned Council Deci­
the European Development Fund set up under the Internal                   sion of 30 May 1972 an amount of 9 963 387-32 units of
 Agreement on the financing and administration of Com­                    account was transferred as the unexpended balance from
 munity aid (4), and in particular Articles 7 and 8 thereof,              the first Fund to the second European Development Fund;
 Having regard to the Council Decision of 30 May 1972 on                  Whereas the overall implementation by the Commission
 the transfer and utilization of the unexpended balances of               of the operations of the European Development Fund
 the Development Fund for the overseas countries and ter­                 ( 1963 ) (2nd EDF) duringthe 1974 financial year was such
 ritories set up by the Implementing Convention annexed                   as to warrant its being given a discharge in respect of the
 to the Treaty establishing the European Economic Com­                    implementation of these operations,
 munity,
                                                                          HAS DECIDED AS FOLLOWS :
 Having regard to the revenue and expenditure accounts,
 the statement and the summary of operations of the Euro­                                           Article I
 pean Development Fund ( 1963 ) (2nd EDF) as at 31 De­
 cember 1974 (5),                                                         The Council closes the revenue and expenditure accounts
                                                                          of the European Development Fund ( 1963 ) (2nd EDF) as
Having regard to the report of the Audit Board on the ac­                 at 31 December 1974 as follows :
 counts for the financial year 1974 , to which report are an­
                                                                          Revenue
( 1 ) 0 | No 93 , 11 . 6 . 1964, p. 1431 /64.                             at the sum of 726 275 610-23 units of account;
(2) ( > j No 93 , 11 . 6. 1964, p . 1472/64.
(•). OJ No 93 , 11 . 6 . 1964 , p. 1493 /64 .                             Expenditure (payments)
(*) OJ No 93 , 11 . 6 . 1964,p . 1498 /64 .
(8) OJ No C 73 , 29. 3 . 1976 , p. 36 .                                   at the sum of 657 536 594-00 units of account.
 ---pagebreak--- 28. 4. 77                            Official Journal of the European Communities                       No L 105/49
                        Article 2                               Done at Luxembourg, 5 April 1977 .
                                                                                                  For the Council
The Council hereby gives a discharge to the Commission
in respect of the implementation of the operations of the                                          The President
European Development Fund ( 1963 ) (2nd EDF) for the
                                                                                                     D. OWEN
1974 financial year.