CELEX: 31986D0285
Language: en
Date: 1986-06-30 00:00:00
Title: Council Decision of 30 June 1986 reallocating the unexpended balance of the resources set aside under the fifth EDF for the stabilization of the export earnings of the overseas countries and territories

No L 175 / 112                            Official Journal of the European Communities                                   1.7.86
                                                     COUNCIL DECISION
                                                         of 30 June 1986
                 reallocating the unexpended balance of the resources set aside under the fifth EDF for
                        the stabilization of the export earnings of the overseas countries and territories
                                                          (86/285 /EEC)
THE COUNCIL OF THE EUROPEAN COMMUNITIES,                             and territories, as allocated by the Council under
                                                                     Decision 80/ 1186/EEC, should be increased,
Having regard to the Treaty establishing the European
Economic Community,                                                  HAS DECIDED AS FOLLOWS :
Having regard to Council Decision 80/ 1186/EEC of 16                                          Article 1
December 1980 (*) on the association of the overseas
countries and territories, hereinafter referred to as                1.    The balance allocated under the. fifth EDF for the
'countries and territories', with the European Economic              implementation of the system to ensure the stabilization
Community, and in particular Article 32 thereof,                     of earnings by the countries and territories from exports
                                                                     shall be added to the funds earmarked for the financing
Having regard to the Internal Agreement on the                       of projects and programmes under the fifth EDF.
financing and administration of Community aid, signed
in Brussels on 20 November 1979, hereinafter referred to             2.    The balance referred to in paragraph 1 shall be
                                                                     allocated as follows :
as the 'Internal Agreement', and in particular Article 7
thereof,                                                             — countries and territories coming under the
                                                                         responsibility of the French Republic : 1 100 000
Having regard to the proposal presented by the                           ECU,
Commission,
                                                                     — countries and territories coming under the
Whereas, pursuant to the Decision referred to above,                     responsibility of the Kingdom of the Netherlands :
and as a result of the reallocation of previous                          1 100 000 ECU,
unexpended balances, the sum of 13 587 997 ECU,,had                  — countries and territories coming under the
been made available to the countries and territories for
                                                                         responsibility of the United Kingdom : 1 542 944
the implementation of the system to ensure the stabil­                   ECU.
ization of earnings by the countries and territories from
exports to the Community of the products listed in the                                        Article 2
said Decision ;
                                                                     This Decision shall take effect on the day following its
Whereas, now that the deadline laid down for the                     publication in the Official Journal of the European
submission of requests for transfers has passed, there is             Communities.
an unexpended balance of 3 742 944 ECU ; whereas the
Council should decide upon its use ;
                                                                     Done at Luxembourg, 30 June 1986.
Whereas this balance should remain allocated to the
countries and territories ; whereas the sum earmarked for                                                  For the Council
the stabilization of export earnings should not be                                                           The President
increased but whereas the funds for financing
development projects and programmes in the countries                                                       N. SMIT-KROES
 0) OJ No L 361 , 31 . 12. 1980, p. 1 .