AGREEMENT

in the form of an exchange of letters on the provisional application of the protocol defining, for the period 21 May 1992 to 20 May 1995, the fishing opportunities and the financial contribution provided for by the Agreement between the European Community and the Government of the Democratic Republic of Madagascar on fishing off Madagascar

A. Letter from the Government of Madagascar

Sir . . .,

With reference to the Protocol, initialled on 14 May 1992, defining the fishing opportunities and the financial contribution for the period 21 May 1992 to 20 May 1995, I have the honour to inform you that the Government of Madagascar is willing to apply the Protocol provisionally from 21 May 1992 pending its entry into force in accordance with Article 6 thereof, provided that the European Community is prepared to do likewise.

This is on the understanding that the first instalment, equal to one third of the financial compensation laid down by Article 2 of the Protocol, must be paid before 30 November 1992.

I should be grateful if you would confirm the agreement of the European Community to such a provisional application.

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

For the Government

of the Democratic Republic of Madagascar

B. Letter from the Community

Sir . . .,

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

'With reference to the Protocol, initialled on 14 May 1992, defining the fishing opportunities and the financial contribution for the period 21 May 1992 to 20 May 1995, I have the honour to inform you that the Government of Madagascar is willing to apply the Protocol provisionally from 21 May 1992 pending its entry into force in accordance with Article 6 thereof, provided that the European Community is prepared to do likewise.

This is on the understanding that the first instalment, equal to one third of the financial compensation laid down by Article 2 of the Protocol, must be paid before 30 November 1992.

I should be grateful if you would confirm the agreement of the European Community to such a provisional application.`

I am pleased to confirm the agreement of the European Community to a provisional application.

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

For the Council

of the European Communities