CELEX: 31977D0730
Language: en
Date: 1977-11-21 00:00:00
Title: Council Decision of 21 November 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 financial year 1975

30 . 11 . 77                             Official Journal of the European Communities                             No L 306/29
                                                       COUNCIL DECISION
                                                        of 21 November 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 financial year 1975
                                                             (77/730/EEC)
THE COUNCIL OF THE EUROPEAN                                           Fund for the overseas countries and territories ( 1st
COMMUNITIES,                                                          Fund), only the Council, acting by a qualified
                                                                      majority, shall give a discharge to the Commission in
Having regard to the Treaty establishing the European                 respect of the financial administration of the Fund ;
Economic Community,
                                                                      Whereas an advance of 17 114 915-38 units of account
Having regard to the Implementing Convention on                       was paid to the European Development Fund ( 1969)
the Association of the overseas countries and territo­
                                                                      (3rd EDF) ;
ries with the Community, annexed to the Treaty,
                                                                      Whereas the overall implementation by the Commis­
Having regard to Regulation No 5 laying down                          sion of the operations of the first Development Fund
detailed provisions relating to the collection and                    during the financial year 1975 was such as to warrant
transfer of financial contributions, the budgeting and                its being given a discharge in respect of the implemen­
administration of the resources of the Development                    tation of these operations,
Fund for the overseas countries and territories ( ! ), and
in particular Article 16 thereof,
                                                                      HAS DECIDED AS FOLLOWS :
Having regard to Regulation No 6 relating to the
responsibility of authorizing and accounting officers                                          Article 1
for the resources of the Development Fund for the
overseas countries and territories (2),                               The Council closes the revenue and expenditure
                                                                      accounts of the Development Fund for the overseas
Having regard to the Council Decision of 30 May                       countries and territories ( 1st Fund) as at 31 December
1972 on the transfer and utilization of the unex­                      1975 as follows :
pended balances of the Development Fund for the                       Revenue
overseas countries and territories set up by the Imple­
                                                                      at the sum of 581 250 000-00 unit of account,
menting Convention annexed to the Treaty esta­
blishing the European Economic Community,                             Expenditure (payments)
                                                                      at the sum of 564 135 084-62 units of account.
Having regard to the revenue and expenditure
accounts, the balance sheet and the summary of opera­
tions of the Development Fund for the overseas coun­                                           Article 2
tries and territories ( 1st Fund) as at 31 December                   The Council hereby gives a discharge to the Commis­
1975 (3),                                                             sion in respect of the implementation of the opera­
Having regard to the report of the Audit Board on the                 tions of the Development Fund for the overseas coun­
accounts for the financial year 1975, to which report                 tries and territories ( 1st Fund) for the financial year
are annexed the Commission's replies to the                            1975 .
comments made by the Audit Board, and in particular
the second part of this report, which deals with the
Development Funds,                                                     Done at Brussels, 21 November 1977.
Having regard to the resolution of the European Parlia­                                             For the Council
ment of 7 July 1977,
                                                                                                      The President
Recalling that, in accordance with the provisions appli­
cable to the implementation of the Development                                                        H. SIMONET
(') OJ No 33 , 31 . 12 . 1958 , p . 681 / 58 .
 2 OJ No 33 , 31 . 12. 1958 , p. 686/58 .
(3) OJ No C 282, 29 . 11 . 1976, p. 1 .