CELEX: 31977D0317
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 implementation of the operations of the Development Fund for the overseas countries and territories (1st Fund) for the 1973 financial year

No L 105/42                                  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
                Development Fund for the overseas countries and territories ( 1st Fund) for the 1973 financial
                                                                   year
                                                              (77/317/EEC)
 THE COUNCIL OF THE EUROPEAN COMMUNITIES ,                              Recalling that, in accordance with the provisions applica­
                                                                        ble to the implementation of the Development Fund for
                                                                        the overseas countries and territories ( 1st Fund), only the
 Having regard to the Treaty establishing the European                  Council, acting by a qualified majority, shall give a dis­
 Economic Community,                                                    charge to the Commission in respect of the financial ad­
                                                                        ministration of the Fund;
 Having regard to the Implementing Convention on the as­
 sociation of the overseas countries and territories with the           Whereas an advance of 25 331 479-75 units of account
 Community , annexed to the Treaty,                                     has been paid to the European Development Fund ( 1963 )
                                                                        (2nd EDF);
 Having regard to Regulation No 5 laying down detailed
 provisions relating to the collection and transfer of finan­           Whereas the overall implementation by the Commission
 cial contributions, the budgeting and administration of                of the operations of the first Development Fund during the
                                                                        1973 financial year was such as to warrant its being given
 the resources of the Development Fund for the overseas
 countries and territories (*), and in particular Article 16            a discharge in respect of the implementation of these op­
 thereof,                                                               erations,
 Having regard to Regulation No 6 relating to the respon­               HAS DECIDED AS FOLLOWS :
 sibility of authorizing and accounting officers for the re­
 sources of the Development Fund for the overseas coun­                                            Article 1
 tries and territories (2),
                                                                        The Council closes the revenue and expenditure accounts
 Having regard to the Council Decision of 30 May 1972 on                of the Development Fund for the overseas countries and
 the transfer and utilization of the unexpended balance of              territories ( 1st Fund) as at 31 December 1973 as follows :
 the Development Fund for the overseas countries and ter­
 ritories set up by the Implementing Convention annexed                 Revenue
 to the Treaty establishing the European Economic Com­
 munity,                                                                at the sum of 58 1 520 065 • 62 units of account;
 Having regard' to the revenue and expenditure . accounts,              Expenditure (payments)
 the statement and the summary of operations of the De­                 at the sum of 556 188 585 - 87 units of account.
 velopment Fund for the overseas countries and territories
 ( 1st Fund) as at 31 December 1973 (3),
                                                                                                   Article 2
 Having regard to the report of the Audit Board on the ac­
 counts for the 1973 financial year, to which report are an­
 nexed the Commission's replies to the comments made by                 The Council hereby gives a discharge to the Commission
 the Audit Board, and in particular the second part of this             in respect of the implementation of the operations of the
 report, which deals with the Development Funds,                        Development Fund for the overseas countries and ter­
                                                                        ritories ( 1st Fund) for the 1973 financial year.
 Having regard to the opinion of the European Parliament
 of 14 December 1976 ,                                                   Done at Luxembourg, 5 April 1977.
                                                                                                                   Fbr the Council
(*) OJ No 33 , 31 . 12. 1958 , p. 681 /58 .                                                                          The President
(«) OJ No 33 , 31 . 12 . 1958 , p . 686/58 .
(3) OJ No C 148 , 27 . 11.1974, p. 15 .                                                                                D. OWEN