CELEX: 31992D0409
Language: en
Date: 1992-07-23 00:00:00
Title: 92/409/EEC: Council Decision of 23 July 1992 on the amount of transfers to be paid to OCT for the 1990 application year under the system for stabilizing export earnings in accordance with Decision 91/482/EEC

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31992D0409

92/409/EEC: Council Decision of 23 July 1992 on the amount of transfers to be paid to OCT for the 1990 application year under the system for stabilizing export earnings in accordance with Decision 91/482/EEC  

Official Journal L 223 , 08/08/1992 P. 0025 - 0025 Finnish special edition: Chapter 11 Volume 19 P. 0267  Swedish special edition: Chapter 11 Volume 19 P. 0267 

COUNCIL DECISION  of 23 July 1992  on the amount of transfers to be paid to OCT for the 1990 application year under the system for stabilizing export earnings in accordance with Decision 91/482/EEC  (92/409/EEC)THE COUNCIL OF THE  EUROPEAN COMMUNITIES,  Having regard to the Treaty establishing the European Economic Community,  Having regard to Council Decision 91/482/EEC of 25 July 1991 on the association of the overseas countries and territories with the European Economic Community (1), and in particular Article 121 (4) thereof,  Having regard to the proposal from the Commission,  Whereas, pursuant to Articles 118, 120 and 121 of the said Decision, ECU 1 500 000 has been made available to cover all commitments to the overseas countries and territories (OCT) arising from the system for stabilizing export earnings for the year of  application 1990;  Whereas under the system transfer rights for the 1990 year of application have been established for two OCT, for which the transfer bases calculated in accordance with Article 124 of the said Decision, and reduced in accordance with Article 121 (2) of  the same Decision, total ECU 2 180 501;  Whereas the said amount exceeds the ECU 1 500 000 available for the 1990 year of application;  Whereas the total transfer bases will therefore have to be reduced by 31,21 %,  HAS DECIDED AS FOLLOWS:  Article 1  The transfer rights to compensate for losses of export earnings in the 1990 year of application, which amount to ECU 2 180 501, are hereby reduced by 31,21 %, giving rise to a final payment of ECU 1 500 000, which is broken down as follows:  (in ECU)       OCT  Product  Transfer amount      French Polynesia  Copra oil  880 876  Falkland Islands  Wool  619 124      Article 2  This Decision shall take effect on the day of its adoption. Done at Brussels, 23 July 1992. For the Council  The President  John COPE   (1) OJ No L 263, 19. 9. 1991, p. 1.