A Dictionary of the European Economic Community by John Paxton

By John Paxton

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Centre Europeen de Documentation et d'InJormation, Documentation and Information Centre. E. Commission economique pour ['Europe, Economic Commission for Europe, Communaute economique europeenne, European Economic Community and Comunidade Economica Europeia, European Economic Community (Portuguese ). A. P. Centre Europeene de ['Enterprise Publique, European Centre for Public Enterprises. C. Conseil Europeen des Federations de I'Industrie Chimique, European Council of Chemical Industry Federations.

The figures contained in the 1976 budget are estimates of future revenues and expenditures. 1 unit of account = Danish kroners 7'50 3'66 Deutsche Mark Belgian/Luxembourg francs 50'00 Dutch guilders 3"62 French Francs 5'55419 Italian Lira 625'00 Pound sterling 0'41667 The taxation on staff salaries is included. 24 budget Years ended 31st Dec_ Expenses Parliament Council Commission Administrative expenses Research and investment European Social Fund and Regional Fund European Agricultural Guidance and Guarantee Fund---Gurantee Section European Agricultural Guidance and Guarantee Fund---Guidance Section Cooperation with the Developing Countries 1971 1 11-0 16-7 1972 1 1973 1 1974 1 1975 2 Budget 1976 3 (millions of units of account) 32-0 41-6 14-9 22-8 27-9 36-6 50-5 23-1 52-I 64-5 240-9 65-0 313-0 75-1 447-3 69-1 612-3 82-8 710-7 101-2 881-0 135-2 56-5 97-5 269-2 290-7 516-2 741-0 1,883-6 2,302-7 3,593-8 3,389-9 4,336-3 5,160-3 174-9 175-1 261-4 262-5 325-0 13-2 69-7 30-1 324-1 249-0 206-6 Total Commission Court of Justice 2,259-2 2-5 3,032-9 3-5 4,584-6 5-7 4,961-2 6-9 6,166-9 9-3 7,449-1 11-2 Total Expenses 2,289-4 3,074-4 4,641-0 5,036-7 6,268-3 7,576-9 1 2 3 Final.

It shall endeavour to achieve the highest possible degree of liberalisation. Where the action taken in application of the preceding paragraph does not permit the abolition of discrepancies between the exchange rules of member states and where such discrepancies should lead persons resident in one of the member states to make use of the transfer facilities within the Community, as provided for under Article 67, in order to evade the rules of one of the member states in regard to third countries, that state may, after consulting the other member states and the Commission, take appropriate measures to overcome these difficulties ...

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