Brand new Ice1andic De1 elizabeth gation, needless to say, appreci ated t he fri end1 y feelings regarding Age

ts out of Austria, Greace and Chicken, on 1ts 143rd Conference cn 30th Summer The choice concerni ng Ice1and got elizabeth nvi saoed an offer out-of

The fresh new CO\JNCIL ( l

step 1.5 mi11ion t o Ice1and f ar t he days J u1y-elizabeth day b1ocking Iceland’s qu ota we n E.P.U. The fresh new Counci1 got deferred cor.s ideration away from t his deci s we towards. C.A. as well as the fresh Controlling Board out-of Elizabeth.P.U. during the a beneficial cknow1 e dging Ice1andls updates once the an excellent structura1 personal debt or, although Ice1andic Authorities got grave second thoughts as to whether the count suggested wou1d be sufficient t o tide Freeze 1and aver the 3 months months for the quest ion. There have been a couple of factors why for it nervousness:- ( i ) (ii ) OvJing t o the fresh new seasona1 chara(;ter of Iceland’ s exports, the period concerned – and you will especia11y the latest weeks regarding J u1y and you can August – was a1ways particu1ar1y difficu1t getting Ice1and step one s ba1ance regarding payments. The fresh new partia1 1ibora1isation away from I ce1and step one s imports into the Apri had caused, nnd wou1d for some time in the future continue t O produce, re1at1ve1y high imports of numerous items t hat got 1i bera1ised. It absolutely was fe1t it wou1d feel diff 1cu1t t o f orete11 this new age xact count you desire.ed f or the bui1ding 1p off norma1 change stocks of brand new products concerned and you can, beaause of t he sood dictate out of liber nlisation, t he Icel andic Goverrunent would be really re1uctant in order to ‘ provides t o roll up t hese steps. / / /

55 – step 3 – C /Meters (51) twenty seven ( Professional v. ) Howe observar, just after evaluating the problem thoroughly, his Authorities had authorised the newest Icelandic Delegation t o deal with the brand new draf t finished inside the paragra)h 4 from the proposition of J oint Trading and you may costs Commi ttee. The Icelandic Authorities would do everything in their energy t o make elizabeth nds fulfill wi thi n the fresh f ramewor k wh

t the new Handling Board out-of E. P.U., the fresh Elizabeth. C. An effective. plus the Counc we l wauld, in the owed direction, capture to the amicable c o ns l

rati o letter a software t o l ift the new clogging of the Icelandic quota inside E.P. You. The new Representative with the United states said that Elizabeth.c.A beneficial. is grateful t ha t the new Govr=rnment_o.l’ Ice1and take on ed brand new preparations envisa6ed from the draf t Counc>l Decision at Annex IV t o C(51)214.

i ch tt got recommended for the interim credi t, brand new E. C. An excellent. had a great t inclined to just take very carefully under consideration all of the brand new factors br ought t o its attract by t the guy Representative off Iceland. On the basis of introduce we letter formation, E. C.Good. wished and you will bel ieved t hat thi s unique meantime credj t, we n combinati.towards wtth most other resour ces from the di sposal from

During the detarmining t the guy f igure w

the guy Authorities out-of I celand, manage prove enough for its requi r elizabeth myself nts. The latest E. C. An effective., definitely, stood ready all of the time t o remark, t ogether wi t h the Mana ging Bcard, any demand you to definitely mi ght be placed t o brand new Panel within this connecti towards, regardless of if E. C. An excellent. wished so it woul d not necessari t o unbl ock the quota.

U ) adopted t the guy dra ft Council endment so you can paragraph cuatro prop osed by the t the guy J oint Trade a nd Money Committee in C(51)218.

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