*****

AGREEMENT

in the form of an Exchange of Letters concerning the provisional application of the Protocol establishing for the period from 1 July 1990 to 30 June 1993 the fishing rights and financial compensation provided for in the Agreement between the European Economic Community and the Government of the Republic of the Gambia on fishing off the Gambia

A. Letter from the Republic of the Gambia

Sir,

With reference to the Protocol initialled on 20 April 1990 establishing fishing rights and financial compensation for the period from 1 July 1990 to 30 June 1993, I have the honour to inform you that the Government of the Republic of the Gambia is ready to apply this Protocol on a provisional basis, with effect from 1 July 1990, pending its entry into force in accordance with Article 8 of the said Protocol, provided that the European Economic Community is disposed to do the same.

This is on the understanding that a first instalment equal to one third of the financial compensation specified in Article 3 of the Protocol is paid by 30 September 1990.

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

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

For the Government of

the Republic of the Gambia

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 initalled on 20 April 1990 establishing fishing rights and financial compensation for the period from 1 July 1990 to 30 June 1993, I have the honour to inform you that the Government of the Republic of the Gambia is ready to apply this Protocol on a provisional basis, with effect from 1 July 1990, pending its entry into force in accordance with Article 8 of the said Protocol, provided that the European Economic Community is disposed to do the same.

This is on the understanding that a first instalment equal to one third of the financial compensation specified in Article 3 of the Protocol is paid by 30 September 1990.

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

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

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

On behalf of the Council

of the European Communities