7. 5. 88 Official Journal of the European Communities No L 119/33 (Acts whose publication is not obligatory) COMMISSION COMMISSION DECISION of 17 November 1987 on aid for shlpbulldmg and ship repair in Italy — Article 10 of Law No 111 of 22 March 1985 (Only the Italian text is authentic) (88/281/EEC) THE COMMISSION OF THE EUROPEAN ,COMMUNITIES; Having regard to the Treaty establishing the European Economic Community, and in particular the first subparagraph of Article 93 (2) thereof, Having given the parties concerned notice to submit their comments as provided for in the said Article 93, and having regard to those comments, Whereas / On 20 August 1984, the Italian Government notified a scheme of aid for shipbuilding and ship repair covering the period from 1 July 1984 to 31 December 1985. The Commission decided on 10 October 1984 to open the procedure laid down in Article 93 (2) of the EEC Treaty. On 22 March 1985, the President of the Italian Republic promulgated Law No 111 introducing the notified aid. Article 12 of the Law provided that the President of the Italian Council of Ministers could amend by decree any elements not approved by the Commission so as to make them compatible with the common market. The promulgated law did, in fact, contain new elements, notably in its Article 10, which provided for additional aid for building up stocks. This aid forms the subject-matter of the present Decision. | By telex from the Ministry for Shipping dated 7 May 1985, the Italian Government officially informed the . Commission of these new elements in Law No 111. On 8 July 1985 the Commission decided to close the Article 93 (2) procedure. The decision authorized inter alia production aid for shipbuilding at the same level as that which prevailed when the previous scheme was first implemented (period from 1 January 1982 to 31 December 1983, extended until 30 June 1984) and production aid for ship repair, the minimum value of eligible contracts being fixed, however at Lit 200 million instead of Lit 100 million and the maximum rate being reduced by two points, i.e. 8 % instead of the 10 % (13 % instead of 15 % in the Mezzogornio) provided for in the Law. The total budget for all aid to the shipbuilding and ship repair 'sector, including investment aid, aid for research and development and demolition aid, was set at Lit 900 000 million for the duration of the scheme. As for the aid for building up stocks, on the other hand, to which a further Lit 60 000 million was devoted on top of the overall budget of Lit 900 000 million, the Conimission considered Article 10 of Law No 111 to be too imprecise, especially as the Italian Government had yet to decide how it would be 1mplemented The Commission therefore dec1ded to defer assessment of this provision..