No L 205/46 Official Journal of the European Communities 29. 7. 86 COMMISSION DECISION of 4 July 1986 on the guidance programme for the fishing fleet submitted by Portugal for 1986 in accordance with Council Regulation (EEC) No 2908/83 (Only the Portuguese text is authentic) (86/351/EEC) THE COMMISSION OF THE EUROPEAN COMMUNITIES, Having regard to the Treaty establishing the European Economic Community, Having regard to Council Regulation (EEC) No 2908/83 of 4 October 1983 on a common measure for restruc- turing, modernizing and developing the fishing industry and for developing aquaculture ('), as amended by Regu- lation (EEC) No 3733/85 (%), and in particular Article § thereof, Whereas on 7 January 1986 the Portuguese Government submitted to the Commission a programme with the meaning of Article 3 of Regulation (EEC) No 2908/83, hereinafter referred to as ‘the programme’ ; whereas on 18 and 27 February 1986 it submitted the most recent supplementary information concerning the programme ; Whereas the period for implementing the programme is in accordance with the first paragraph of Article 3 of Regulation (EEC) No 2908/83; Whereas the programme contains the information referred to in Article 4 of Regulation (EEC) No 2908/83 ; Whereas the Portuguese fishing fleet comprises a majority of small inshore vessels and a small number of large distant-water vessels for fishing primarily in third-country waters ; whereas its degree of obsolescence is considerable, notably as regards the age of the hulls; Whereas this programme provides, in the short-term, for the stabilization of the existing global mainland fleet capacity, for a modest development of the capacity of the fleet in the Azores and in Madeira, for renewal of the fleet and to redeployment of the fishing effort towards deeper and less-exploited waters ; Whereas this overall programme should be accompanied by vessel withdrawal, particularly on the mainland, and its entry into force signifies merely a slight increase of the () OJ No L 290, 22. 10. 1983, p. 1. () OJ No L 361, 31. 12. 1985, p. 78. fleet’s total tonnage ; whereas it encourages the moderni- zation and diversification of fishing methods; Whereas in view of production prospects, the measures to conserve and manage fish stocks, the requirements of the products concerned and the guidelines of the common fisheries policy, the programme may constitute a frame- work for presenting projects which are liable to be eligible for Community financing ; Whereas the measures provided for in this Decision are in accordance with the opinion of the Standing Committee for the Fishing Industry, HAS ADOPTED THIS DECISION : Article 1 The guidance programme for the fishing fleet, applicable until 31 December 1986, submitted by the Portuguese Government on 7 January 1986 and supplemented most recently on 18 and 27 February 1986, and whose main points are set out in Annex I, is hereby approved subject to the provisions contained in Annex II. Article 2 This Decision is addressed to the Portuguese .Republic: Done at Brussels, 4 July 1986. For the Commission Antonio CARDOSO E CUNHA Member of the Commission