ts of Austria, Greace and you can Poultry, from the 1ts 143rd Conference cn 30th June The selection concerni ng Ice1and had e nvi saoed a grant from

1.5 mi11ion t o Ice1and f ar t the guy weeks J u1y-e date b1ocking Iceland’s qu ota we letter Age.P.You. The fresh new Counci1 had deferred cor.s ideration out-of t their deci s i with the. C.Good. as well as new Dealing with Board away from Elizabeth.P.U. in an effective cknow1 e dging Ice1andls reputation just like the a beneficial structura1 loans otherwise, nevertheless Ice1andic Regulators had grave doubts on perhaps the count recommended wou1d be adequate t o tide Frost 1and aver the three days period in the trip ion. There had been one or two factors why for this anxiety:- ( i ) (ii ) OvJing t o brand new seasona1 chara(;ter out-of Iceland’ s exports, that point at issue – and you will especia11y the brand new weeks out-of J u1y and August – is a1ways particu1ar1y difficu1t to have Ice1and 1 s ba1ance regarding money. This new partia1 1ibora1isation regarding We ce1and 1 s imports for the Apri had caused, nnd wou1d for a while in love ru app the future continue t O trigger, re1at1ve1y large imports of a lot goods t cap was 1i bera1ised. It was fe1t it wou1d end up being diff 1cu1t t o f orete11 the latest age xact number you need.ed f or even the bui1ding 1p of norma1 trading holds out of the fresh new merchandise concerned and you can, beaause from t the guy sood dictate out of liber nlisation, t the guy Icel andic Goverrunent would-be most re1uctant so you can ‘ has t o retract t hese tips. / / /

C. A beneficial

55 – 3 – C /Yards (51) 27 ( Specialist v. ) Howe ver, shortly after looking at the condition carefully, his Regulators had authorised the fresh Icelandic Delegation t o undertake the newest draf t finished when you look at the paragra)h 4 by proposition of the J oint Exchange and you may payments Commi ttee. The fresh Icelandic Bodies would do everything in their power t o make age nds see wi thi letter the latest f ramewor k wh

t new Controlling Panel out of Age. P.U., the brand new Age. together with Counc i l wauld, into the due way, need on the amicable c o ns l

rati o n an application t o l ift the new clogging of your own Icelandic quota inside the Elizabeth.P. U. c.A great. try happy t ha t the fresh Govr=rnment_o.l’ Ice1and take on ed new agreements envisa6ed regarding the draf t Counc>l Choice on Annex IV t o C(51)214. For the detarmining t he f igure w

i ch tt got suitable for the fresh interim credi t, the newest Elizabeth. had good t tempted to simply take cautiously into account every one of the newest factors br need t o its notice from the t he Member regarding Iceland. On the basis of present we letter formation, E. C.A great. expected and you will bel ieved t hat thi s unique meantime credj t, i n combinati.into wtth almost every other resour ces from the di sposal of

he Bodies from We celand, do prove sufficient because of its requi r age me personally nts. Brand new E. , naturally, stood ready at all times t o feedback, t ogether wi t h this new Mana ging Bcard, any demand that mi ght be placed t o the brand new Board within this connecti to your, regardless if Age. wished that it woul d not be necessari t o unbl ock the latest quota. Brand new CO\JNCIL ( l

This new Associate into All of us asserted that Elizabeth

You ) observed t he dra base Council endment to section cuatro prop osed by t he J oint Change an excellent nd Costs Committee from inside the C(51)218.

ase mount t his piece to the minut (‘ f:l i::;su0d toward 231 d..fuly, around.refe:ccnce C/M(5l)2B(Prov:.) COUNCJT, M we nu t parece o f t h elizabeth.=step 1:!litll_j:step one