The newest Ice1andic De1 e gation, without a doubt, appreci ated t the guy fri end1 y emotions out of Elizabeth

ts off Austria, Greace and you can Poultry, at 1ts 143rd Appointment cn 30th Summer The decision concerni ng Ice1and had elizabeth nvi saoed a grant out of

step 1.5 mi11ion t o Ice1and f ar t he days J u1y-age day b1ocking Iceland’s qu ota i n Age.P.U. The new Counci1 had deferred cor.s ideration out-of t their deci s we to your. C.Good. as well as the Controlling Panel off Elizabeth.P.You. inside an effective cknow1 e dging Ice1andls status because the a good structura1 debt or, nevertheless Ice1andic Regulators had grave second thoughts about perhaps the number proposed wou1d be adequate t o tide Frost 1and aver the 3 weeks several months within the quest ion. There had been two main reasons because of it nervousness:- ( i ) (ii ) OvJing t o the newest seasona1 chara(;ter of Iceland’ s exports, the period involved – and you will especia11y the new weeks out-of J u1y and August – are a1ways particu1ar1y difficu1t for Ice1and 1 s ba1ance of money. The newest partia1 1ibora1isation regarding I ce1and 1 s imports during the Apri had triggered, nnd wou1d for some time to come continue t O cause, re1at1ve1y highest imports of a lot goods t hat is 1i bera1ised. It had been fe1t it wou1d be diff 1cu1t t o f orete11 the fresh new e xact amount you would like.ed f or the bui1ding 1p away from norma1 change brings out of the latest products involved and you may, beaause out-of t the guy sood determine out of liber nlisation, t the guy Icel andic Goverrunent would-be really re1uctant so you can ‘ possess t o retract t hese actions. / / /

C. A great

55 – step three – C /M (51) 27 ( Specialist v. ) Howe observar, after examining the condition very carefully, his Authorities had authorised the latest Icelandic Delegation t o undertake the fresh new draf t ended for the paragra)h cuatro of the suggestion of J oint Trading and costs Commi ttee. New Icelandic Authorities would do everything in its fuel t o build elizabeth nds fulfill wi thi letter new f ramewor k wh

t brand new Managing Panel of Elizabeth. P.U., new Age. in addition to Counc we l wauld, inside due path, get on the friendly c o ns l

rati o n a loan application t o l ift the fresh new clogging of your own Icelandic quota for the Elizabeth.P. U. c.An excellent. was glad t ha t the Govr=rnment_o.l’ Ice1and deal with ed the newest preparations envisa6ed regarding draf t Counc>l Choice at Annex IV t o C(51)214. For the detarmining t the guy f igure w

we ch tt got recommended for this new interim credi t, the new E. had an excellent t inclined to grab meticulously under consideration all of the fresh new factors br ought t o their interest because of the t the guy Representative out of Iceland. Based on introduce we letter development, E. C.An effective. hoped and bel ieved t cap thi s special meantime credj t, i letter combinati.on wtth most other resour ces at di sposal away from

he Regulators off I celand, do prove adequate for the requi roentgen elizabeth myself nts. The latest E. , needless to say, stood ready constantly t o review, t ogether wi t h the newest Mana ging Bcard, one demand that mi ght go t o this new Panel in this connecti towards, regardless of if E. hoped it woul d not necessari t o unbl ock the fresh new quota. The new CO\JNCIL ( l

The brand new Affiliate towards Us mentioned that Age

U ) accompanied t he dra ft Council endment so you can section 4 prop osed of the t he J oint Trade a beneficial nd Payments Panel during the C(51)218.

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

The newest Ice1andic De1 e gation, without a doubt, appreci ated t the guy fri end1 y emotions out of Elizabeth