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AGREEMENT

in the form of an Exchange of Letters on the provisional application of the Protocol defining, for the period from 1 May 1990 to 30 April 1992, the fishing rights and financial compensation provided for in the Agreement between the Government of the Republic of Senegal and the European Economic Community on fishing off the coast of Senegal

A. Letter from the Republic of Senegal

Sir,

With reference to the Protocol initialled on 19 April 1990 defining the fishing rights and financial compensation for the period from 1 May 1990 to 30 April 1992, I have the honour to inform you that the Government of the Republic of Senegal is prepared to apply the Protocol on a provisional basis with effect from 1 May 1990, pending its entry into force in accordance with Article 8 thereof, provided that the European Economic Community is disposed to do the same.

This is on the understanding that payment of a first instalment equivalent to 50 % of the financial compensation set in Article 2 of the Protocol and to 50 % of the amount intended for the fisheries research programme provided for in Article 4 of the Protocol is made before 30 September 1990.

I should be obliged if you would confirm the European Economic Community's agreement to such provisional application of the Protocol.

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

For the

Government of the Republic of Senegal

B. Letter from the Community

Sir,

I am in receipt of your letter of today's date, which reads as follows:

'With reference to the Protocol initialled on 19 April 1990 defining the fishing rights and financial compensation for the period from 1 May 1990 to 30 April 1992, I have the honour to inform you that the Government of the Republic of Senegal is prepared to apply the Protocol on a provisional basis with effect from 1 May 1990, pending its entry into force in accordance with Article 8 thereof, provided that the European Economic Community is disposed to do the same.

This is on the understanding that payment of a first instalment equivalent to 50 % of the financial compensation set in Article 2 of the Protocol and to 50 % of the amount intended for the fisheries research programme provided for in Article 4 of the Protocol is made before 30 September 1990.

I should be obliged if you would confirm the European Economic Community's agreement to such provisional application of the Protocol.'

I have the honour to confirm the European Economic Community's agreement to such provisional application of the Protocol.

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

On behalf of

the Council of the European Communities