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The latest Ice1andic De1 age gation, naturally, appreci ated t he fri end1 y emotions regarding E

The latest Ice1andic De1 age gation, naturally, appreci ated t he fri end1 y emotions regarding E

ts of Austria, Greace and you can Chicken, from the 1ts 143rd Conference cn 30th June The option concerni ng Ice1and had age nvi saoed a grant out of

Brand new CO\JNCIL ( l

1.5 mi11ion t o Ice1and f ar t the guy days J u1y-e big date b1ocking Iceland’s qu ota we letter E.P.U. The Counci1 got deferred cor.s ideration from t their deci s we for the. C.Good. as well as the latest Handling Board away from Age.P.U. inside the a good cknow1 e dging Ice1andls status while the a beneficial structura1 loans otherwise, but the Ice1andic Regulators got grave doubts concerning whether or not the matter recommended wou1d be sufficient t o wave Freeze 1and aver the three months months for the quest ion. There had been two factors why because of it nervousness:- ( we ) (ii ) OvJing t o this new seasona1 chara(;ter off Iceland’ s exports, the period at issue – and you may especia11y brand new days off J u1y and you will August – is actually a1ways particu1ar1y difficu1t to possess Ice1and 1 s ba1ance off repayments. New partia1 1ibora1isation out-of We ce1and step 1 s imports when you look at the Apri had caused, nnd wou1d for some time ahead continue t O end up in, re1at1ve1y highest imports of several goods t hat was 1i bera1ised. It was fe1t this wou1d getting diff 1cu1t t o f orete11 the fresh age xact count you prefer.ed f or the bui1ding 1p out of norma1 trade holds off the fresh new commodities involved and you may, beaause off t the guy sood dictate regarding liber nlisation, t the guy Icel andic Goverrunent could be most re1uctant so you’re able to ‘ enjoys t o roll up t hese methods. / / /

55 – step 3 – C /M (51) 27 ( Pro v. ) Howe ver, just after examining the issue very carefully, his Government got authorised the fresh new Icelandic Delegation t o undertake the latest draf t finished inside paragra)h 4 from the proposal of your own J oint Trading and you can money Commi ttee. This new Icelandic Authorities would do everything in their fuel t o build age nds see wi thi letter the fresh new f ramewor k wh

t this new Controlling Board out of E. P.U., the new Age. C. A. as well as the Counc i l wauld, in due direction, need towards amicable c o ns l

rati o n a loan application t o l ift the new clogging of one’s Icelandic quota inside the Age.P. U. Brand new User towards You said that Elizabeth.c.An effective. was pleased t ha t brand new Govr=rnment_o.l’ Ice1and undertake ed the brand new preparations envisa6ed from the draf t Counc>l Decision at Annex IV t o C(51)214.

we ch tt got recommended for the fresh meantime credi t, the Elizabeth. C. A beneficial. had good t inclined to just take cautiously into account all of the newest considerations br need t o its attention from the t he Associate regarding Iceland. Based on establish we n formation, Elizabeth. C.A. expected and bel ieved t hat thi s special meantime credj t, i n combinati.with the wtth most other resour ces during the di sposal off

During the detarmining t the guy f igure w

the guy Bodies of We celand, manage prove sufficient for the requi r age me nts. The Elizabeth. C. An excellent., without a doubt, endured able all of the time t o review, t ogether wi t h brand new Mana ging Bcard, one request that mi ght be put t o new Panel in this connecti to the, even though E. C. Good. expected which woul d not necessari t o unbl ock the quota.

You ) adopted t the guy dra base Council endment so you can section 4 prop osed by t he J oint Change a nd Money Panel for the C(51)218.

ase attach t their sheet towards the minut (‘ f:l i::;su0d into 231 d..fuly, around.refe:ccnce C/M(5l)2B(Prov:.) COUNCJT, Meters i nu t es o f t h age.=step 1:!litll_j:1

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