COMMUNITY BUDGET
ON TUESDAY, CHANCELLOR OF THE DUCHY OF LANCASTER GEOFFREY
RIPPON, IN CHARGE OF BRITAIN'S NEGOTIATIONS WITH THE MARKET, WILL
BE PUTTING FORWARD FURTHER PROPOSALS ON THE ISSUE OF
CONTRIBUTIONS TO THE COMMUNITY BUDGET.
THE BRITISH HOPE IS THAT THE SIX DO NOT ARRIVE AT A RIGID
POSITION AT THEIR OWN MEETING BUT ARE IN A POSITION TO GIVE FULL
WEIGHT AND CONSIDERATION TO THE BRITISH PROPOSALS
AS BRITAIN SEES IT, A SOLUTION CAN BE REACHED WHICH WOULD NOT
REQUIRE ANY CHANGE TO BE MADE IN THE COMMUNITY'S SYSTEM,
THIS
WOULD GIVE BRITAIN THE FIVE-YEAR TRANSITIONAL PERIOD THAT THE SIX
ALLOWED THEMSELVES, PLUS THE SAME ADDITIONAL THREE YEARS DURING
WHICH THE UNITED KINGDOM CONTRIBUTION WOULD BE KEPT WITHIN AGREED LIMITS
THE ADDITIONAL EFFECT ON BRITAIN'S BALANCE OF PAYMENTS OF A
SWITCH FROM COMMONWEALTH TO COMMUNITY PREFERENCES, PLUS THE HIGHER
BILL FOR IMPORTED FOODS, HIGHLIGHT THE NEED FOR HER BUDGETARY
PAYMENTS TO RISE GRADUALLY IF DRITAIN IS NOT TO LOSE THE CONCURRENT
BENEFITS OF MEMBERSHIP,
THIS IS WHY BRITAIN PROPOSES A FIVE-YEAR BUILD-UP TO A
CONTRIBUTION OF THIRTEEN TO FIFTEEN PERCENT OF THE COMMUNITY'S
BUDGET. DURING THE SUCCEEDING THREE YEARS, THE CONTRIBUTION COULD
REMAIN AT THAT RATE, SUBJECT TO A VARIATION OF UP TO TVO PERCENT
PER YEAR.
DYNAMIC EFFECTS.
AT THE END OF THE EIGHT YEARS, THE DYNAMIC EFFECTS WHICH ARE
EXPECTED TO FOLLOW ENLARGEMENT SHOULD HAVE DEVELOPED SUFFICIENTLY
TO ENACLE BRITAIN TO ACCEPT THE COMMUNITY'S DIRECT INCOME SYSTEM,
WHEREBY KHITEYLTY PERCENT OF CUSTOMS DUTIES AND OF LEVIES ON
ACRICULTURAL PRODUCTS, PLUS UP TO ONE PERCENT OF THE PRODUCT OF A
VALUE ADDED TAX, ARE AUTOMATICALLY PAID OVER INTO THE COMPURITY'S
/ IN GREKING
PUNDS.
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