The fresh Ice1andic De1 age gation, naturally, appreci ated t the guy fri end1 y thinking away from Age

ts regarding Austria, Greace and you will Chicken, at 1ts 143rd Conference cn 30th June The selection concerni ng Ice1and got age nvi saoed an offer regarding

C. Good

step 1.5 mi11ion t o Ice1and f ar t he months J u1y-elizabeth go out b1ocking Iceland’s qu ota i letter Elizabeth.P.U. The latest Counci1 got deferred cor.s ideration from t his deci s we for the. C.An effective. as well as the fresh new Handling Panel out of Age.P.U. for the an excellent cknow1 age dging Ice1andls reputation as the an effective structura1 financial obligation otherwise, however the Ice1andic Government got grave second thoughts as to perhaps the matter advised wou1d be sufficient t o tide Ice 1and aver the 3 weeks several months for the trip ion. There are a couple reasons why for it nervousness:- ( i ) (ii ) OvJing t o the seasona1 chara(;ter off Iceland’ s exports, that point in question – and especia11y brand new months regarding J u1y and you may August – was a1ways particu1ar1y difficu1t to own Ice1and step one s ba1ance off costs. The fresh partia1 1ibora1isation regarding I ce1and step 1 s imports inside the Apri got triggered, nnd wou1d for a time to come continue t O result in, re1at1ve1y high imports many items t cap was 1i bera1ised. It absolutely was fe1t so it wou1d become diff 1cu1t t o f orete11 the new elizabeth xact number need.ed f or perhaps the bui1ding 1p regarding norma1 trade carries off this new merchandise concerned and you may, beaause out-of t the guy sood dictate regarding liber nlisation, t the guy Icel andic Goverrunent would be most re1uctant to help you ‘ has actually t o roll up t hese procedures. / / /

The Age

55 – 3 – C /Meters (51) twenty seven ( Specialist v. ) Howe observar, after reviewing the issue thoroughly, his Authorities got authorised the brand new Icelandic Delegation t o take on this new draf t concluded into the paragra)h cuatro because of the proposition of the J oint Exchange and you can money Commi ttee. The brand new Icelandic Authorities should do all things in its energy t o make e nds see wi thi n brand new f ramewor k wh

t the fresh new Dealing with Panel out of Age. P.You., the latest E. and Counc i l wauld, when you look at the due movement, bring towards the amicable c o ns l

rati o n a loan application t o l ift the fresh new blocking of your own Icelandic quota in the Age.P. You. The fresh new Representative into Us asserted that Age.c.A beneficial. was glad t ha t the newest Govr=rnment_o.l’ Ice1and undertake ed this new arrangements envisa6ed about draf t Counc>l Choice at Annex IV t o C(51)214. When you look at the detarmining t the guy f igure w

we ch tt had recommended for the brand new meantime credi t, the fresh E. got a t tempted to get carefully into account all of the new considerations br need t o its interest from the t the guy Affiliate out of Iceland. On the basis of expose we letter formation, E. C.A good. wished and bel ieved t cap thi s unique interim credj t, i letter combinati.to your wtth almost every other resour ces from the di sposal out of

he Government out-of I celand, manage prove sufficient because of its requi r elizabeth me nts. , however, stood able all of the time t o remark, t ogether wi t h the brand new Mana ging Bcard, any request one to mi ght go t o the Board inside connecti into, no matter if Elizabeth. expected so it woul d not necessari t o unbl ock the fresh quota. The fresh new CO\JNCIL ( yubo oturum açın l

You ) used t he dra ft Council endment so you can section cuatro prop osed from the t the guy J oint Trade a good nd Repayments Committee within the C(51)218.

ase mount t their sheet for the minut (‘ f:l i::;su0d on 231 d..fuly, not as much as.refe:ccnce C/M(5l)2B(Prov:.) COUNCJT, Yards i nu t parece o f t h age.=step 1:!litll_j:1