No L 216/12 Official Journal of the European Communities 13. 8. 85 (Acts whose publication is not obligatory) COMMISSION COMMISSION DECISION of 19 December 1984 on the French system of assistance to industry comprising special investment loans, subsidized loans to enterprises, additional refinancing loans and FIM (Industrial Modernization Fund) loans (Only the French text is authentic) (85/378/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 notice to the parties concerned to submit their comments, Whereas : After repeated requests to do so, the French Govern- ment informed the Commission by telexes sent on 1 April 1982 (ref. SG(82)A/3230), 17 January (SG(83)A/487) and 8 February 1983 (SG(83)A/1412) and letters dated 28 October 1983 (930/1V(83)14555), 15 February 1984 (IV/10833) and 2 April 1984 (IV(84)11764) of the introduction of four special loan schemes for industry, viz.: — special investment loans (préts spéciaux pour 'investissement), — subsidized loans to enterprises (préts aidés aux entreprises), — additional refinancing loans (préts supplémentaires de refinancement), and — FIM (Fonds Industriel de Modernisation — Indus- trial Modernization Fund) loans. Special investment loans are currently granted at 9,25 % interest. Where the loans exceeds FF 2 million, 'if falls into two parts: — a long-term loan at the concessionary rate with a grace period for principal repayments of two ot three years on loans of up to 12 years and over 12 years respectively ; — medium-term bank loans at market rates over a maximum of seven years. The maturities of the loans and the proportions of the two elements in the package are decided by the lending establishment in the light of the nature of the investment, its pay-off period and its profitability. The total package of medium and long-term loans may cover up to 70 % of the cost of the new investment excluding tax. The loans are available to firms which commit them- selves to investment projects which create or maintain jobs and which involve either conservation of energy