Legal provisions of COM(1982)501 - - Main contents
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| dossier | COM(1982)501 - . |
|---|---|
| document | COM(1982)501  |
| date | January 1, 1945 |
COLLECTION RELIEE DES DOCUMENTS 'COM'
COM (82)501
Vol. 1982/0168
Disclaimer
Conformement au reglement (CEE, Euratom) n° 354/83 du Conseil du ler fevrier 1983 concernant I’ouverture au public des archives historiques de la Communaute economique europeenne et de la Communaute europeenne de I’energie atomique (JO L 43 du 15.2.1983, p. 1), tel que modifie par le reglement (CE, Euratom) n° 1700/2003 du 22 septembre 2003 (JO L 243 du 27.9.2003, p. 1), ce dossier est ouvert au public. Le cas echeant, les documents classifies presents dans ce dossier ont ete declassifies conformement a I’article 5 dudit reglement.
In accordance with Council Regulation (EEC, Euratom) No 354/83 of 1 February 1983 concerning the opening to the public of the historical archives of the European Economic Community and the European Atomic Energy Community (OJ L 43, 15.2.1983, p. 1), as amended by Regulation (EC, Euratom) No 1700/2003 of 22 September 2003 (OJ L 243, 27.9.2003, p. 1), this file is open to the public. Where necessary, classified documents in this file have been declassified in conformity with Article 5 of the aforementioned regulation.
In Obereinstimmung mit der Verordnung (EWG, Euratom) Nr. 354/83 des Rates vom 1. Februar 1983 uber die Freigabe der historischen Archive der Europaischen Wirtschaftsgemeinschaft und der Europaischen Atomgemeinschaft (ABI. L 43 vom 15.2.1983, S. 1), geandert durch die Verordnung (EG, Euratom) Nr. 1700/2003 vom 22. September 2003 (ABI. L 243 vom 27.9.2003, S. 1), ist diese Datei der Offentlichkeit zuganglich. Soweit erforderlich, wurden die Verschlusssachen in dieser Datei in Obereinstimmung mit Artikel 5 der genannten Verordnung freigegeben.
COM(82) 501 final Brussels, 30 July 1982
COMMISSION OF THE
EUROPEAN COMMUNITIES
FOR OFFICIAL USE ONLY
General Secretariat
COMMUNICATION FROM THE COMMISSION TO THE COUNCIL
Request for assent, pursuant to Article 56 2a) of the ECSC Treaty to the granting of a global loan to The Royal Bank of Scotland, United Kingdom
C0M(82) 501 final
COMMUNICATION FROM THE COMMISSION TO THE COUNCIL
Subject : Request for assent, pursuant to Article 56 2a) of the ECSC Treaty to the granting of a global loan to The Royal Bank of Scotland,
| United Kingdom. | |
| I. FINANCIAL INTERMEDIARY | No. 360 |
| App l icant | : The Royal Bank of Scotland |
| Registered Office | : Edinburgh |
| Shareholders | : Part of the Royal Bank of Scotland Group Ltd. |
| II. RECIPIENTS ' | : The Bank will pass on the loan in the form of sub-loans to small and medium size firms which are extending existing activities or creating new ones. X i |
| Field of Activity of recipients | • Industrial and service activities. |
III. THE PROJECT
Procedure : The Commission will make b 5 m (about 8.84 MioECU)
“ available to The Royal Bank of Scotland. The loan will
be paid in tranches over three years, as sub-loans are approved. Decisions to approve individual sub-loans will be taken by the Commission on the basis of the application criteria and objectives published by the Commission (OJ C 178, 27 July 1977 and OJ C82, 29 March 1979).
The Royal Bank of Scotland will report to the Commission annually on the use made of the global loan. Each year, it will also draw up a report on the re-employment of former ECSC workers in the firms financed from the global loan.
Total amount of
investment : at least b 10 m (about 17.68 MioECU)
IV. THE REGION
Project location ; These areas in Scotland where there have been coal and
steel closures in recent years.
Unemployment rate : As per February 11, 1982
Central 14.9 %
Dumfries and Galloway 14.7 %
Fife 13.7 %
Lothians 12.7 % ^
Strathclyde 17.7 & . ' ,
National aid status of .
project area : Assisted areas and steel conversion areas.
The ECSC industry has been and still is a major employer in the area
V. CONFORMITY WITH ARTICLE 56 OF THE ECSC TREATY
ECSC redundancies in
project area : Between 1970 and 1980 employment in coalmining in
Scotland fall by about 9,000 and in metal manufacture (of which iron and steel making is the major component)
. by about 15,000. The decline in iron and steel
employment has been particularly rapid in Strathclyde in the more recent period, and it is estimated that a fall of over 12,000 jobs has occurred in the region since 1976. In British Steel Corporation plants alone employment fell by 6,000 jobs between 1977 and 1980.
Some further job losses have occurred since this date and future prospects will be greatly influenced by the plans of BSC.
Jobs to be created
by the project
Training
At least 442 jobs suitable for former ECSC workers.
Through Manpower Services Commission and loan recipients.
The Commission considers that the application complies with Article 56 2a) of the ECSC Treaty,
VI, GLOBAL LOAN
; b 5 m
: The Commission has approved a loan
of b 5 m (about 8.84 MioECU)
or equivalent to the above mentioned institution in accordance with Art, 56 application 'criteria (0J C 82,
29 March 1979).
: 3 percentage points per year for five
years on 8.84 MioECU
: 442 jobs suitable for former ECSC
workers,' to whom they will be offered in priority.
Loan applied for Loan to be granted
Interest rebate
Job basis of interest rebate
VII. COUNCIL ASSENT
The Commission requests the Council to give its assent to the foregoing decision.