CELEX: 51979PC0405
Language: en
Date: 1979-07-19
Title: PROPOSAL FOR A COUNCIL REGULATION (EEC) OPENING, ALLOCATING AND PROVIDING FOR THE ADMINISTRATION PRODUCTS FALLING WITHIN CHAPTER 27 OF THE COMMON CUSTOMS TARIFF REFINED IN SPAIN (1980)#PROPOSAL FOR A COUNCIL REGULATION (EEC) OPENING, ALLOCATING AND PROVIDING FOR THE ADMINISTRATION OF A COMMUNITY TARIFF QUOTA FOR OTHER WOVEN FABRICS OF COTTON FALLING WITHIN HEADING No 55.09 OF THE COMMON TARIFF, ORIGINATING TIN SPAIN (1980) (presented by the Commission to the Council)

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COM (79) 405
Vol. 1979/0144
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 ---pagebreak--- COMMISSION OF THE EUROPEAN COMMUNITIES
                                                 COM(79)405 final
                                                 Brussels , 19th July 1979
                  PROPOSAL FOR A COUNCIL REGULATION ( EEC )
     OPENING . ALLOCATING AND PROVIDING       FOR THE ADMINISTRATION
          OF A COMMUNITY TARIFF QUOTA FOR CERTAIN PETROLEUM
     PRODUCTS FALLING WITHIN CHAPTER 27          OF THE COMMON CUSTOMS
                      TARIFF - REFINED IN SPAIN ( 1980 )
                  PROPOSAL FOR A COUNC ^ REGULATION ( EEC )
     OPENING, ALLOCATING AND PROVIDING^ FOR THE ADMINISTRATION
       OF A COMMUNITY TARIFF QUOTA FOR OTHER WOVEN FABRICS OF
                                             * i
        COTTON
          COTTON FALLING WITHIN HEADING No 55.09 OF THE COMMON
               CUSTOMS TARIFF , ORIGINATING TIN SPAIN ( 1980 )
                               '-I I  ! -A
                                     J_v-
               ( presented by the Commission to the Council )
C0M(79 ) 405 final
                         A
 ---pagebreak---                                EXPLANATORY MEMORANDUM
Article 2 of the Agreement between the European Economic Community
and Spain , read with Articles 2 , 3 and 4 of Annex I thereto , provides
for the opening of Community tariff quotas for the importation into
the Community of the following products , originating in Spain , at
the quota duties specified below :
CCT heading No         Product                 Annual Volume   Quota duty
 Chapter          Certain petroleum products    1 200 000 t  ; 40% bf the
                                                             »
 55.09            Other cotton fabrics              1 800 t    CCT duties
However , this regime has been provided only for the importation of
these products into the six original Member States , whereas the three
new Member States have applied different regimes . According to the
Act of Accession the importation of these products into the three
new Member States are subject to the rates of duty of the Common
Customs Tariff from I July 1977 .
In this situation , a uniform regime of importation should be established .
Hence the forementioned quota volumes should be increased in such a
manner as to take account of the traditional quantities imported in the
new Member States .    This leads to an increase to 1 900 tonnes in the .
                                                         »
quota for cotton fabrics and to 1 400 000 tonnes for petroleum products .
The Regulations provide , in the usual way , for the splitting up of
the Cjua to, volumes into two parts , of which the first will be allocated
among the Member States as quota shares and the second will be kept
as a'*reserve . -
 ---pagebreak--- The allocation t> f the first part of each quota has been undertaken
                                                     >
according to the rules generally applied hitherto . The total'
imports of each Member State for J976 to 1978 have been expressed
as a proportion of total Community imports over the same period *
The resulting percentages have been applied State by State to the
volume of the first'part , the last digit of the number of metric      ,
tons being rouded off .            *                        1
The proposed Regulation on other cotton fabrics provides for a       ,
single method of administration , to be applied by all Member States ,
namely the "as and when" method .
However it is at present impossible to provide for a single method ,
                                        \                     *
of administration ("as and when" or advance allocation) of the quota
for certain petroleum products . The rules governing the market in
      /                                            ,
these products vary from one Member State to another , W3 th the effect
that the Member States regard the application of a single method . \
of administration as impossible . In contrast to general practice , 1 '
                                          j   i
therefore , each Member State will be empowered to administer its
own share of the quota according to its own rules , while ensuring ,
that all , importers of the relevant products have free among to
the quota .
 ---pagebreak---                                                                                                                   Annex *
                                                                                                                 A ■ ■  » «•–
                                               Proposal for a
                                        COUNCIL REGULATION ( EEC)
                opening, allocating and providing for the administration of a Community tariff quota for
                certain petroleum products, falling within Chapter 27 of the Common Customs Tariff and
                                                   refined in Spain ( 1980 )
THE COUNCIL OF THE EUROPEAN COMMUNITIES,                          to the abovementioned quota and uninterrupted
                                                                  application of the rate laid down for that quota to all
                                                                  imports of the product concerned into all Member
                                                                  States until the quota has been used up ; whereas, having
Having regard to the Treaty establishing the European             regard to the above principles , the Community nature
Economic Community, and in particular Article 113                 of the quota can be respected by allocating the
thereof,                                                          Community tariff quota among the Member States;
                                                                  whereas, to reflect as accurately as possible the true
                                                                  trend of the market in the products in question, such
 Having regard to the proposal from the Commission,               allocation should be in proportion to the requirements
                                                                  of the Member States, calculated by reference to the
                                                                  statistics for imports from Spain over a representative
 Whereas the Agreement between the European                       period and also to the economic outlook for the quota
 Economic Community and Spain ( ' ) provides in Article           period concerned;
 2 ( 1 ) together with Article 3 of Annex I for the
 opening by the Community of an annual total
 Community tariff quota of 1 200 000 tonnes of certain
 petroleum products, falling within Chapter 27 of the             Whereas, during the last three years for which statistics
Common Customs Tariff and refined in Spain ; whereas,             are available, the corresponding imports by each of the
pursuant to Article 2 of the said Annex, the quota duty           Member States represent the following percentages of
is equal to 40% of the Common Customs Tariff duties ;
whereas this preferential tariff arrangement has been
                                                                  the imports into the Community from Spain of the
                                                                  products concerned:
provided only for imports of these products into the
Member States of the Community in its original
composition; whereas, according to the Act of                                               I
                                                                                             i      ,
                                                                           Member States    |I  197 6      19? 7       197g
Accession, imports of these products into the three new                                               1
                                                                                                                  I
Member States are sub|ect to the rates of duty of the             Bénélux                      24.8 I
Common Customs Tariff from 1 July 1977; whereas the                                                       38.0        10o6
import arrangements relating to these products should             Denmark                       o.o         6.4
be uniform throughout the Community; whereas the                  Germany                      32.4       15.5        13.9
aforementioned annual quota volume should be                      France
increased      to    1 400 000      tonnes; whereas     this                                    8.5       13.0       28.4
Community tariff quota should be opened for 1980                  Ireland                       o.o         0.0
                                                                                            i
                                                                  Italy                         6.4       15.8       31.4
                                                                  United Kingdom               27 . 9   ■ 11.3       15.7
                                                                                            i
Whereas it is in particular necessary to ensure for all
Community importers equal and uninterrupted access
                                                                  Whereas, in view of these factors, and of market
                                                                  forecasts for the products concerned and in particular of
 ( ' ) OJ No L 182, 16. 8. 1970, p. 2.                            the estimates submitted by certain Member States,
 ---pagebreak---                                                         - 2 -
                                                                                                 ANNEX A
initial quota shares may be fixed approximately at the                 the latter must be in a position to monitor the extent to
following percentages:                                                 which the quota volume has been used up and to inform
                                                                       the Member States thereof;
        Bénélux                                  22-77 %
                                                                       Whereas if, at a given date in the quota period, a
        Dcnmark                                   7-14 %               substantial quantity of an initial share remains unused
                                                                       in any Member State, it is essential that that Member
        Germany                                  42-86 %
                                                                       State should return a significant proportion to the
        France            '                       6-07 . %             reserve, to prevent a part of any Community tariff
                                                                       quota from remaining unused in one Member State
        Ireland                                   0-18 %               when it could be used in others;
        Italy                                     4-91 %
        United Kingdom                           16 07 . %             Whereas, since the Kingdom of Belgium, the Kingdom
                                                                       of the Netherlands and the Grand Duchy of
                                                                       Luxembourg are united in and represented by the
Whereas, in order to take into account import trends                   Benelux Economic Union, any operation relating to the
for the products concerned in the various Member                       administration of the quota shares allocated to that
States, the quota volume should be divided into two                    economic union may be carried out by any of its
instalments, the first being shared between the Member                 members, >
States and the! second constituting a reserve to cover at a
later date the requirements of Member States which
have used up their initial quota shares; whereas to give
importers in each Member State a certain degree of
security, the first instalment of the Community quota
might under the present circumstances be fixed at about                HAS ADOPTED THIS REGULATION :
80% of the quota;
Whereas the Member States' initial shares may be used
up at different times; whereas, in order to take this fact                                      Article 1
into account and avoid any break in continuity, any                           .
Member State which has almost used up its initial quota                From 1 January until 31 December 1980 and
share, should draw an additional share from ; the                      subject to the measures which might be taken pursuant to
reserve; whereas this must be done by each Member                      Article 3 (2) and (4) of Annex I to the Agreement
State as and when each of its additional shares is almost              between the European Economic Community and
used up, and repeated as many times as the reserve                     Spain, the Common Customs Tariff duties in respect of
allows ; whereas the initial and additional shares must                the products refined in Spain and listed below shall be
be valid until the end of the quota period; whereas this               suspended partially at the levels indicated for each of
method of administration requires close cooperation                    them, within the limits of a global Community tariff
between the Member States and the Commission, and                      quota of 1 400 000 tonnes'.
                    CCT
                                                                                                         Rate of dutv
                   hc.iding                                  Description                                     <%)
                       No
                   27.10.      Petroleum oils and oils obtained from bituminous minerals, other
                               than crude; preparations not elsewhere specified or included,
                               containing not less than 70% by weight of petroleum oils or of oils
               ' .   \
                               obtained from bituminous minerals, these oils being the basic ;
                               constituents of the preparations:                           ,  .
                               A. Light oils:
                                   III. For other purposes                                                  2-4
                               B. Médium oils:
                                   HI. For other purposes                                                   2-4
                               C. Heavy oils :               ^
                                     I. Cas oil:   ,
                                        c) For other purposes                                               14
 ---pagebreak---                                                                                                                                 ANNEX A
                        CCT
                      Heading                                                                                                  Rue of duty
                        No                                                   Deicnptton                                      |    (<*)
                     27.10                    H. Fuel oil :
                    (cont'd)
                                                    c) For other purposes                                                         1-4
                                             III . Lubricating oils: other oils:
                                                    c) to be mixed in accordance with the terms of Additional
                                                       Note 7 to this Chapter (a)                                                 1-6   '
                                                    d) For other purposes                                                         2-4
                     27.11              Petroleum gases and other gaseous hydrocarbons:
                                        B. Other:                 '
                                             1 . Commercial propane and commercial butane:
                                                 c) For other purposes                                                            06
                     27.12              Petroleum jelly :
                                        A. Crude :
                                             III . For other purposes                                                             08
                                        B.   Other                                                                                28
                     27.13              Parafrin wax, micro-crystalline wax, slack wax, ozokerite, lignite
                                        wax, peat wax and other mineral waxes, whether or not coloured:
                                        B.   Other:
                                              I. Crude :
                                                   c) For other purposes                                                          0-8
                                              II . Other                                                                          2-4
                     27.14              Petroleum bitumen, petroleum coke and other residues of
                                        petroleum oils or of oils obtained from bituminous minerals:
                                        C. Other:
                                            *11. Other                                                                            08
               ( a) Fntry under this suhhrjdme » subject to conditions to be determined by rhe competent authorities.
                              Article 2                                                                               Article 3
 1 . A first instalment amounting to 1 120 000 tonnes of                               1 . If 90% or more of a Member State's initial share as
the Community tariff quota referred to in Article 1 shall                              specified in Article 2 ( 1 ), or 90% of that share minus
be allocated among the Member States; the respective                                   the portion returned to the reserve where Article 5 is
shares, which subject to Article 5 shall be valid until                                applied, has been used up, then, to the extent permitted
31 December 19 80 shall be as follows :                                                by the amount of the reserve, that Member State shall
                                                                                       forthwith, by notifying the Commission draw a second
                                                                                       share equal to 15% of its initial share, rounded up
        Bénélux                                         255 000        t
                                                                                       where necessary to the next unit.
        Denmark                                           80 000      t
        Germany                                         480 000        t
        France                                            68 000      t
        Ireland                                            2 000 t                     2. If, after its initial share has been used up, 90% or
        Italy                                             55 000 t                     more of the second share drawn by a Member State has
        United Kingdom                                   180 000 t                     been used up, that Member State shall, in accordance
                                                                                       with the conditions laid down in paragraph 1, draw a
 2. The second instalment amounting to 280 000                                         third share equal to 7-5% of its initial share, rounded
 tonnes shall constitute the reserve.                                                  up where necessary to the next unit
 ---pagebreak---                                                                                              " ANNEX A
3 . If, after its second share has been used up, 90% or           It shall inform the Member States not later than 5
more of the third share drawn by a Member State has               October 1980 of the amounts still in reserve after
been used up, that Member State shall, in accordance              quantities have been returned thereto pursuant to
with the conditions laid down in paragraph 1 , draw a             Article 5.
fourth share equal to the third.
                                                                  The Commission shall ensure that the drawing which
                                                                  uses up a reserve does not exceed the balance available
This process shall continue until the reserve is used up. .       and to this end shall notify the amount of that balance
                                                                  to the Member State which makes such last drawing.
4. By way of derogation from paragraphs 1 , 2 and 3, a
Member State may draw shares smaller than those fixed
in those paragraphs if there is reason to believe that                                      Article 7
these might not be used up. It shall inform the                         I
Commission of its reasons for applying this paragraph.            1 . Member States shall take all measures necessary to
                                                                  ensure that additional shares drawn pursuant to
                                                                  Article 3 are opened in such a way that imports may be
                          Article 4
                                                                  charged without interruption against their accumulated
                                                                  shares in the Community tariff quotas.
Each of the additional shares drawn pursuant to Article 3
shall be valid until 31 December 19 80 b                          2. Member States shall ensure that importers of the
                                                                  products in question established in their territory have
                       (    .              .                 •    free access to the shares allocated to them.
                          Article S                               3 . Member States shall charge imports of the goods in
                                                                  question against their shares as and when such goods
The Member States shall return to the reserve, not later          are entered with the customs authorities for home use.
than 1 October 19 80 suc^ unused portion of their
initial share as, on 15 September 1980 is in excess of
20% of the initial volume. They may return a greater                                        Article 8
quantity if there are grounds for believing that it may
not be used.
                                                                  At the request of the Commission, Member States shall
                                                                  inform it of imports actually charged* against their
Member States shall, not later than 1 October 1980                shares.
notify the Commission of the total quantities of the
products in question imported up to 15 September 1980
and charged against the Community tariff quota, and of
any quantities of the initial shares returned to the .                                      Article 9
reserve.                <
                                                                  The Member States and the Commission shall cooperate
                                                                  closely in order to ensure compliance with this
                                                                  Regulation."..     i
                          Article 6
The Commission shall keep an account of the shares
opened by the Member States pursuant to Articles 2 and                                     Article 10
3 and shall, as soon as it is notified, inform each
Member State of the extent to which the reserve has               This Regulation shall enter into force on 1 January
been used up.                                                     1980 .     .                              '
               This Regulation shall be binding in its entirety and directly applicable in all Member States.
               Done at Brussels,
                                                                                       For the Council
                                                                                        The President
 ---pagebreak---                                                                                                          ANNEX B
                                                 Proposal for a
                                      COUNCIL REGULATION (EEC
               opening, allocating and providing for the administration of a Community tariff quota for
               other woven fabrics of cotton, falling within heading No 55.09 of the Common Customs
                                          Tariff and originating in Spain ( 1980 )
THE COUNCIL OF THE EUROPEAN COMMUNITIES,                         requirements of the Member States calculated by
                                                                 reference to the statistics of imports from Spain over a
                                                                 representative period, and also to the economic outlook
                                                                 for the quota period concerned;
Having regard to the Treaty establishing the European
Economic Community, and in particular Article 113
thereof,               ' -•                                     Whereas, during the last three years for which statistics
                                                                are available, the corresponding imports by each of the
                                                                Member States represent the following percentages of
Having regard to the proposal from the Commission,              the imports into the Community from Spain of the
                                                                products concerned:
Whereas the Agreement between the European
Economic Community and Spain ( ') provides in Article
2 ( 1 ) together with Article 4 of Annex I for the opening
                                                                                                197 6     197 7       1978
by the Community of an annual Community tariff                            Member States
quota of 1 800 tonnes of other woven fabrics of cotton,
falling within heading No 55.09 of the Common                     Bénélux                      18.7        8.2         3.8
Customs Tariff and originating in Spain; whereas,                 Denmark                        0.0       0.3         0.9
pursuant to Article 2 of the said Annex, the quota duty                                         A. 4       7.0         3.7
                                                                 Germany
is equal to 40% of the Common Customs Tariff duty in
respect of the products concerned; whereas the                   France                        68.8      73.1         66.7
Community tariff quota contains quota duties of 5-2,             Ireland                         0.5       2.7      1  0.4'
5-6, 5-6 and 6% for the products falling within
                                                                 Itaiy .                         5.8       6.0         8.1
subheadings 55.09 A I, A II, B 1 and B II respectively;
whereas this preferential tariff arrangement has been            United Kingdom                  1.8       2.7     • 16.4
provided only for imports of these products into the
Member States of the Community in its original
composition; whereas, pursuant to the Act of Accession,
imports of these products into the three new Member              Whereas, in view of these factors, of market forecasts
States are subject to the rates of duty of the Common            for die products in question and in particular of the
Customs Tariff from 1 July 1977; whereas the import              estimates submitted by certain Member States, initial
arrangements relating to these products should be                quota shares may be fixed approximately at the
uniform throughout the Community; whereas the                    following percentages:
aforementioned annual quota volume should be
 increased to 1 900 tonnes; whereas this Community                       Bénélux                                615 %
 tariff quota should be opened for 1980 .                                                                       0-39 %
                                                                         Denmark
                                                                         Germany                                6-15 %
 Whereas it is in particular necessary to ensure to all                  France .                             70-77 %
 Community importers equal and uninterrupted access                                                             1-54 %
                                                                         Ireland
 to the abovementioned quota and uninterrupted
                                                                         Italy                                13 08 %
 application of the rate laid down for that quota to all
 imports of the products concerned into all Member                       United Kingdom                         1-92 %
 States until the quota has been used up; whereas, having
 regard to the principles mentioned above, the
 Community nature of the quota can be respected by               Whereas, in order to take into account import trends for
 allocating the Community tariff quota among the                 the products concerned in the various Member States,
 Member States; whereas to reflect as accurately as              the quota volume should be divided into two
  possible the true trend of the market in the products in       instalments, the first being shared among the Member
  question, such allocation should be in proportion to the       States and the second constituting a reserve to cover at a
                                                                 later date the requirements of those Member States
                                                                 having used up their initial quota shares; whereas, in
  (') OJ No L 182, 16. 8. 1970, p. 2.                            order to give importers in each Member State a -certain
 ---pagebreak---                                                                                                    ANNEX B
degree of security, the first instalment of the                           should return a significant proportion to the reserve, to
Community quota should under present circumstances                        prevent a part of any Community quota from remaining
be fixed at 68% of the quota;                                             unused in one Member State when it could be used in
                                                                          others;
                                                                              J   '
Whereas the Member States' initial shares may be used
up at different times; whereas, in order to take this fact                Whereas since the Kingdom of Belgium, the Kingdom of
into account and avoid any break in continuity, any                       the Netherlands and the Grand Duchy of Luxembourg
                                                                          are united in and represented by the Benelux Economic
Member State which has almost used up its initial share,
should draw an additional ' share from the reserve;                       Union, any operation concerning the administration of
whereas this must be done by each Member State as and                     the quota shares allocated to that economic union may
when each of its additional shares is almost used Up,                     be carried out by any of its members.
and repeated as many times as the reserve allows;
whereas the initial and additional shares must be valid
until the end of the quota period ; whereas this method                   HAS ADOPTED THIS REGULATION:
of administration requires close cooperation between
the Member States and the Commission, and the latter
must be in a position to monitor the extent to which the                                            Article 1
quota volume has been used up and to inform the
Member States thereof; - .                                                From 1 January until 31 December 1980 the Common
                                                                          Customs Tariff duties in respect of the products
                                                                          originating in Spain and listed below shall be partially
Whereas if, at a given date in the quota period, a                        suspended at the levels indicated for each of them
substantial quantity of an initial share remains unused                   within the limits of a global Community tariff quota of
in a Member State , it is essential that that Member State                1 900 tonnes:
                    CCT
                                                                                                              • Rate ofduty
                   heading                                      Description                                     <   m     .
                     No,
                   55.09          Other woven fabrics of cotton :
                                  A. Containing 85% or more by weight of cotton:
                                        2. Of a width of less than 85 cm                                            5-2
                                       II. Other                                                                    5-6
                                  B.  Other:
                                        I. Of a width of less than 85 cm                                            56
                                       II. Other                                                                    6
                           Article 2                                                                Article . 3
 1 . A first instalment amounting to 1 300 tonnes of the                  1 . If 90% or more of a Member State's initial share as
Community tariff quota referred to in Article 1 shall be                  specified in Article 2 ( 1 ), or 90% of that share minus
allocated among the Member States; the respective                         the portion returned to the reserve where Article 5 is
shares, which subject to Article 5 shall be valid until '                 applied, has been used up, then to the extent permitted
31 December 1980 shall be as follows :                                    by the amount of the reserve, that Member State shall
                                                                          forthwith, by notifying the Commission draw a second
        Bénélux                                      80 t                 share equal to 15% of its initial share, rounded up
        Denmark                                       5 t
                                                                          where necessary to the next unit.
        Germany                                      80 t
        France                                  .  920 t
        Ireland                                      20 t
        Italy                                       170 t
        United Kingdom                               25 t
                                                                          2. If, after its initial share has been used up, 90% or
                                                                          more of the second share drawn by a Member State has
     The second      instalment      of 600 tonnes          shall         been used up, that Member State shall, in accordance
constitute the reserve.                                                   with the conditions laid down in paragraph 1, draw a
 ---pagebreak---                                                                   -3 -
                                                                                                      ANNEX B
                                                                                                               \
 third share equal to 7-5% of its initial share, rounded          It shall inform the Member States, not later than 5
 up where necessary to the next unit.                             October 1980 of the amount in the reserve after
                                                                  quantities have been returned pursuant to Article 5.
 3 . If, after its second share has been used up, 90% or
 more of the third share drawn by a Member State has              The Commission shall ensure that any drawing which
 been used up, that Member State shall, in accordance             exhausts the reserve does not exceed the balance
 with the same conditions, draw a fourth share equal to           available and, to this end, shall notify the amount of
 the third .                                                      that balance to the Member State which makes such last
                                                                  drawing.
This process shall continue until the reserve is used up.
                                                                                           Article 7
4. By way of derogation from paragraphs 1 , 2 and 3 , a
Member State may draw shares smaller than those fixed              1 . The Member States shall take all measures necessary
 in those paragraphs if there is reason to believe that           to ensure that additional shares drawn pursuant to
 these might not be used up. It shall inform the                  Article 3 are opened in such a way that imports may be
 Commission of its reasons for applying this paragraph.           charged without interruption against their accumulated
                                                                  shares of the Community quota.
                          Article 4                               2. The Member States shall ensure that importers of
                                                                  the products in question established in their territory
                                                                  have free access to the shares allocated to them.
Each of the additional shares drawn pursuant to Article ,
3 shall be valid until 31 December 19 80 ,
                                                                  3 . The Member States shall charge imports of the said
                                                                  goods against their shares as and when the goods are
                          Article 5                               entered with the customs authorities for home use.
The Member States shall return to the reserve, not later          4. The extent to which a Member State has used up its
than 1 October 19 80 such unused portion of their               ' share shall be determined on the basis of the imports
initial share which , on 15 September 19§0 is in excess            charged in accordance with paragraph 3.
of 20% of the initial volume. They may return a larger
quantity if there are grounds for believing that it may
not be used.                                                                               Article 8
The Member States $hall, not later than 1 October                 At the request of the Commission, Member States shall
1980 notify the Commission of the total quantities of              inform it of imports actually charged against their
                                                                   shares.
the products in question imported up to 15 September
1980 inclusive, and charged against the tariff quota '
and, of any quantities of the initial shares returned to
the reserve.                                                                               Article 9
                                                                  The Mefriber States and the Commission shall cooperate
                          Article 6                                closely in order to ensure compliance with this
                                                                   Regulation.                             '        '   ',
The Commission shall keep an account of the shares
opened by Member States in accordance with Articles 2                     *               Article 10
and 3 and shall, as soon as it is notified, inform each '
Member State of the extent to which the reserve has                This Regulation shall enter into force on 1 January
been used up.                                                      1980 .
                This Regulation shall be binding in its entirety and directly applicable in all Member States.
                Done at Brussels,
                                                                                      For the Council
                                                                                       The President