AGREEMENT in the form of an Exchange of Letters concerning the provisional application of the Protocol establishing, for the period 1 June 1993 to 31 May 1996, the fishing rights and financial compensation provided for in the Agreement between the European Economic Community and the Government of the Democratic Republic of São Tomé e Principe on fishing off São Tomé e Principe

A. Letter from the Government of the Democratic Republic of São Tomé e Principe

Sir,

With reference to the Protocol initialled on 10 February 1993 establishing fishing rights and financial compensation for the period 1 June 1993 to 31 May 1996, I have the honour to inform you that the Government of the Democratic Republic of São Tomé e Principe is ready to apply this Protocol on a provisional basis, with effect from 1 June 1993, pending its entry into force in accordance with Article 7 of the said Protocol, provided that the European Economic Community is prepared to do the same.

This is on the understanding that a first instalment equal to one third of the financial compensation specified in Article 2 of the Protocol is paid by 31 October 1993.

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 Democratic Republic of São Tomé e Principe

B. Letter from the European Economic 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 10 February 1993 establishing fishing rights and financial compensation for the period 1 June 1993 to 31 May 1996, I have the honour to inform you that the Government of the Democratic Republic of São Tomé e Principe is ready to apply this Protocol on a provisional basis, with effect from 1 June 1993, pending its entry into force in accordance with Article 7 of the said Protocol, provided that the European Economic Community is prepared to do the same.

This is on the understanding that a first instalment equal to one third of the financial compensation specified in Article 2 of the Protocol is paid by 31 October 1993.

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