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AGREEMENT

in the form of an exchange of letters concerning an interim extension of the Protocol annexed to the Agreement between the Government of the Republic of Guinea Bissau and the European Economic Community on fishing off the coast of Guinea Bissau

A. Letter from the Community

Sir,

I have the honour to confirm that we have agreed on the following interim arrangements to ensure the continued application of the Agreement on fishing between the Government of the Republic of Guinea Bissau and the European Economic Community pending the completion of the negotiations on the Protocol to that Agreement to be concluded for its third year of application.

1. The arrangements applicable during the first two years shall be extended for a period of three months commencing on 1 March 1982.

The financial compensation paid by the Community under the interim arrangements shall amount pro rata temporis to that provided for in Article 2 of the Protocol to the Agreement.

2. Licences shall be granted during the interim period subject to payment of the fees which correspond pro rata temporis to those laid down at point A.1 of Annex I to the Agreement.

3. The financial compensation paid pursuant to point 1 and the fishing rights (licences) actually granted pursuant to point 2 shall be covered by the provisions of the Protocol applicable as from the third year of the Agreement.

I should be obliged if you would acknowledge receipt of this letter.

Please accept, Sir, the assurance of my highest consideration.

On behalf of

the Council of the European Communities

B. Letter from the Government of the Republic of Guinea Bissau

Sir,

I have the honour to acknowledge receipt of your letter of today's date, which reads as follows:

'I have the honour to confirm that we have agreed on the following interim arrangements to ensure the continued application of the Agreement on fishing between the Government of the Republic of Guinea Bissau and the European Economic Community pending the completion of the negotiations on the Protocol to that Agreement to be concluded for its third year of application.

1. The arrangements applicable during the first two years shall be extended for a period of three months commencing on 1 March 1982.

The financial compensation paid by the Community under the interim arrangements shall amount pro rata temporis to that provided for in Article 2 of the Protocol to the Agreement.

2. Licences shall be granted during the interim period subject to payment of the fees which correspond pro rata temporis to those laid down at point A.1 of Annex I to the Agreement.

3. The financial compensation paid pursuant to point 1 and the fishing rights (licences) actually granted pursuant to point 2 shall be covered by the provisions of the Protocol applicable as from the third year of the Agreement.

I should be obliged if you would acknowledge receipt of this letter.'

Please accept, Sir, the assurance of my highest consideration.

For the Government

of the Republic of Guinea Bissau