Official Journal of the Eufopean Communities 30. 9. 86 . No L 279/46 COMMISSION DECISION of 5 September 1986 ‘ on the guidance programme in respect of the fishing fleet submitted by Spam b : for 1986 pursuant to Regulation (EEC) No 2908/83 (Only the Spanish text is authentic) (86/471/EEC) THE COMMISSION OF THE EUROPEAN COMMUNITIES, 'Having rtegard 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 restruct- uring, modernizing and developing the fishing industry and for developing aquaculture ('), as last amended by Regulation (EEC) No 3733/85 (3, and inparticular Article 5 thereof, Whereas on 12 April 1986 the Spamsh Govemment forwarded a programme within the meaning of Article 3 of Regulation (EEC) No 2908/83, hereinafter referred to as ‘the programme’ ; whereas on 30 April and 5 May 1986 it forwarded the latest additional information concerning the programme ; ‘Whereas the programme contains the information - referred to in Article 4 of Regulation (EEC) No 2508/83 ; whereas the time required for its execution is in accor- dance with the first paragraph of Article 3; Whereas the vessels in the Spanish fishing fleet are quite old and the fleet should be partially, renewed ; whereas, because of uncertainty as to the availability of fish stocks in Community waters and elsewhere, such renewal must involve an overall reduction in fishing capacity and pérmanent monitoring thereof on the basis of the rate of direct and indirect withdrawal of obsolete vessels still in service ; Whereas, having regard to production potential, measures for the conservation and management of fish stocks, demand for the products concerned and the guidelines of () OJ No L 290, 22. 10. 1983, p. 1. () OJ No L 361, 31. 12. 1985, p. 78. " the common fisheries policy, the programme may consti- tute a suitable framework for projects which may qualify for financial support from the Community in 1986 ; 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 in respect of the fishing fleet, applicable until 31 December 1986, forwarded by the Spanish Government on 12 April 1986, as last supple- mented on 30 Apr11 and 5 May 1986, the main features of which are set out in Annex I hereto, is hereby approved subject to the provisions set out in Annex II hereto. Article 2 i This Decision is addressed to the Kingdom of Spain. Done at Brussels, 5 September 1986. For the Commission Anténio CARDOSO E CUNHA Member of the Commission