AGREEMENT in the form of an exchange of letters on the provisional application of the Protocol defining, for the period 3 May 1994 to 2 May 1996, the fishing opportunities and financial compensation provided for in the Agreement between the European Economic Community and the Government of the People's Republic of Angola on fishing off Angola

A. Letter from the Government of Angola

Brussels, . . . . . .

Sir,

With reference to the Protocol initialled on 24 March 1994 defining the fishing opportunities and financial compensation for the period 3 May 1994 to 2 May 1996, I have the honour to inform you that the Government of Angola is prepared to apply the Protocol on a provisional basis with effect from 3 May 1994, pending its entry into force in accordance with Article 7 thereof, provided that the European Community is disposed to do the same.

This is on the understanding that the first instalment on the financial compensation fixed in Article 2 of the Protocol is to paid before 30 September 1994.

I should be obliged if you would confirm the 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 Angola

B. Letter from the Community

Brussels, . . . . . .

Sir,

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

'With reference to the Protocol initialled on 24 March 1994 defining the fishing opportunities and financial compensation for the period 3 May 1994 to 2 May 1996, I have the honour to inform you that the Government of Angola is prepared to apply the Protocol on a provisional basis with effect from 3 May 1994, pending its entry into force in accordance with Article 7 thereof, provided that the European Community is disposed to do the same.

This is on the understanding that the first instalment of the financial compensation fixed in Article 2 of the Protocol is to be paid before 30 September 1994.

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

I have honour to confirm the 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 Union