The fresh Ice1andic De1 e gation, however, appreci ated t he fri end1 y attitude of Age

ts away from Austria, Greace and you may Chicken, at the 1ts 143rd Appointment cn 30th June The choice concerni ng Ice1and got e nvi saoed a grant regarding

1.5 mi11ion t o Ice1and f ar t the guy months J u1y-age time b1ocking Iceland’s qu ota we letter Age.P.U. The latest Counci1 got deferred cor.s ideration of t their deci s we for the. C.Good. and of the fresh Managing Panel off E.P.U. when you look at the a beneficial cknow1 age dging Ice1andls status because an excellent structura1 financial obligation otherwise, although Ice1andic Bodies had grave doubts regarding perhaps the number recommended wou1d be enough t o tide Ice 1and aver the three weeks period in the journey ion. There were a few the explanation why for this anxiety:- ( we ) (ii ) OvJing t o the fresh new seasona1 chara(;ter out of Iceland’ s exports, the period involved – and you may especia11y the days of J u1y and you can August – is actually a1ways particu1ar1y difficu1t getting Ice1and step 1 s ba1ance off costs. The brand new partia1 1ibora1isation away from We ce1and 1 s imports when you look at the Apri got caused, nnd wou1d for some time ahead keep t O lead to, re1at1ve1y high imports many items t cap was 1i bera1ised. It actually was fe1t this wou1d be diff 1cu1t t o f orete11 the new e xact number you prefer.ed f and/or bui1ding 1p from norma1 trade brings of the fresh products in question and you can, beaause away from t he sood dictate regarding liber nlisation, t he Icel andic Goverrunent could well be extremely re1uctant in order to ‘ possess t o roll up t hese procedures. / / /

C. An effective

55 – step three – C /Yards (51) twenty-seven ( Pro v. ) Howe observar, after examining the condition carefully, their Government got authorised this new Icelandic Delegation t o undertake the latest draf t concluded inside paragra)h 4 of the proposal of J oint Exchange and you may repayments Commi ttee. The fresh new Icelandic Authorities should do everything in its electricity t o make e nds meet wi thi letter the new f ramewor k wh

t the latest Handling Board out-of E. P.U., the brand new Age. therefore the Counc we l wauld, inside owed movement, bring to your amicable c o ns l

rati o n an application t o l ift the fresh blocking of the Icelandic quota when you look at the E.P. You. c.An excellent. is actually glad t ha t new Govr=rnment_o.l’ Ice1and accept ed the fresh plans envisa6ed on draf t Counc>l Choice from the Annex IV t o C(51)214. In the detarmining t the guy f igure w

i ch tt got suitable for new meantime credi t, the brand new E. got a good t tempted to need very carefully under consideration every one of the newest considerations br need t o its appeal from the t he Associate off Iceland. On such basis as introduce i n development, Elizabeth. C.Good. hoped and you may bel ieved t hat thi s unique interim credj t, i n combinati.with the wtth almost every other resour ces from the di sposal out-of

he Bodies from We celand, do confirm adequate for its requi r e me personally nts. The Elizabeth. , naturally, endured able constantly t o review, t ogether wi t h the fresh new Mana ging Bcard, people consult one to mi ght be placed t o the Board contained in this connecti on the, even when Age. expected that it woul d not be necessari t o unbl ock the newest quota. This new CO\JNCIL ( l

The brand together2night mobile new Associate into the United states mentioned that Elizabeth

You ) adopted t he dra base Council endment in order to part 4 prop osed from the t he J oint Exchange an effective nd Costs Panel for the C(51)218.

ase mount t their piece into the minut (‘ f:l i::;su0d to your 231 d..fuly, not as much as.refe:ccnce C/M(5l)2B(Prov:.) COUNCJT, M i nu t es o f t h e.=step 1:!litll_j:step one