EUR-Lex - 31979D0310 - EN

ARTICLE 1

THE FOLLOWING SHALL BE DELETED FROM ARTICLES 23 ( 5 ) AND 26 AND FROM THE LIST IN ANNEX I TO DECISION 76/568/EEC : ' DOMINICA ' , ' SOLOMON ISLANDS ' AND ' TUVALU ' .

ARTICLE 2

ARTICLE 30 OF DECISION 76/568/EEC , SHALL BE REPLACED BY THE FOLLOWING :

' ARTICLE 30

THE FOLLOWING PROVISIONS SHALL APPLY WITH EFFECT FROM 26 FEBRUARY 1979 :

1 . THE OVERALL AMOUNT OF COMMUNITY AID SHALL BE REDUCED TO 101.733 MILLION EUROPEAN UNITS OF ACCOUNT .

2 . THIS AMOUNT SHALL COMPRISE :

( A ) 91.733 MILLION EUROPEAN UNITS OF ACCOUNT FROM THE EUROPEAN DEVELOPMENT FUND ( 1975 ), HEREINAFTER REFERRED TO AS THE ' FUND ' , ALLOCATED AS FOLLOWS :

( I ) FOR THE PURPOSES SET OUT IN ARTICLE 28 , 71.733 MILLION EUROPEAN UNITS OF ACCOUNT CONSISTING OF :

• 31.692 MILLION EUROPEAN UNITS OF ACCOUNT IN THE FORM OF GRANTS ,

• 23.915 MILLION EUROPEAN UNITS OF ACCOUNT IN THE FORM OF SPECIAL LOANS ,

• 4.000 MILLION EUROPEAN UNITS OF ACCOUNT IN THE FORM OF RISK CAPITAL ,

• 12.126 MILLION EUROPEAN UNITS OF ACCOUNT IN THE FORM OF A RESERVE ;

( II ) 20 MILLION EUROPEAN UNITS OF ACCOUNT , LIKEWISE FROM THE FUND , IN THE FORM OF TRANSFERS TO THE COUNTRIES AND TERRITORIES FOR THE STABILIZATION OF EXPORT EARNINGS ;

( B ) FOR THE PURPOSES SET OUT IN ARTICLE 28 , UP TO 10 MILLION EUROPEAN UNITS OF ACCOUNT IN THE FORM OF LOANS FROM THE BANK , MADE FROM ITS OWN RESOURCES ON THE TERMS AND CONDITIONS PROVIDED FOR IN ITS STATUTE AND SUPPLEMENTED , AS A GENERAL RULE , BY A 3 % INTEREST RATE SUBSIDY , UNDER THE CONDITIONS LAID DOWN IN ARTICLE 4 OF ANNEX V .

THE TOTAL COST OF THE INTEREST RATE SUBSIDIES SHALL BE CHARGED AGAINST THE AMOUNT OF THE GRANTS PROVIDED FOR IN 2 ( A ) ( I ).

3 . FOLLOWING THE ACCESSION OF THE SOLOMON ISLANDS , TUVALU AND DOMINICA TO THE CONVENTION , THE AMOUNTS PROVIDED FOR IN THE FORM OF GRANTS , SPECIAL LOANS AND A RESERVE , INITIALLY ALLOCATED IN THREE EQUAL PARTS AMONG THE FRENCH OVERSEAS TERRITORIES AND DEPARTMENTS AND THE NETHERLANDS AND UNITED KINGDOM OVERSEAS COUNTRIES AND TERRITORIES , SHALL BE REDUCED IN ACCORDANCE WITH DECISION 79/309/EEC .

4 . ( A ) OF THE PORTION ALLOCATED TO THE FRENCH OVERSEAS TERRITORIES AND DEPARTMENTS :

• 7.70 MILLION EUROPEAN UNITS OF ACCOUNT SHALL BE ALLOCATED TO THE FRENCH OVERSEAS DEPARTMENTS ,

• 620 000 EUROPEAN UNITS OF ACCOUNT SHALL REMAIN ALLOCATED AS FINANCIAL AID TO THE LEAST FAVOURED OVERSEAS COUNTRIES AND TERRITORIES , IRRESPECTIVE OF THE ZONES WITHIN WHICH THEY FALL ;

( B ) THE SUMS ALLOCATED TO THE FRENCH OVERSEAS TERRITORIES SHALL AMOUNT TO 12.10 MILLION EUROPEAN UNITS OF ACCOUNT , CONSISTING OF :

• 10.10 MILLION EUROPEAN UNITS OF ACCOUNT TAKEN FROM THE PORTION ALLOCATED TO THE FRENCH OVERSEAS TERRITORIES AND DEPARTMENTS ,

• 2.00 MILLION EUROPEAN UNITS OF ACCOUNT PURSUANT TO DECISION 76/569/EEC . '

ARTICLE 3

THIS DECISION SHALL BE PUBLISHED IN THE OFFICIAL JOURNAL OF THE EUROPEAN COMMUNITIES .

DONE AT BRUSSELS , 19 MARCH 1979 .

FOR THE COUNCIL

THE PRESIDENT

R . MONORY