ECSC financial report for the year 1968

Abstract

This financial report relates to the calendar year 1968, the sixteenth year of the European Coal and Steel Community's financial operations. Since 1 July 1967, date of the entry into force of the Treaty establishing a single Council and a single Commission of the European Communities, the single Commission exercises the powers vested in the former High Authority by the Treaty of Paris, with each of the three Communities remaining a separate entity. Consequently, this report refers only to the "Commission" of the European Communities unless the name "High Authority" has to be used. During the year covered by this report, crude steel production has shown an appreciable increase from 89.8 million tons in 1967 to 98.6 million tons in 1968. At the same time, coal production continued its expected downward trend, decreasing from 184.6 million tons to 175.8 million tons.