31.12. 93 Official Journal of the European Communities No L 341/75 COUNCIL REGULATION (EC) No 3685/93 of 20 December 1993 allocating, for 1994, catch quotas between Member States for vessels fishing in Estonian : waters THE COUNCIL OF THE EUROPEAN UNION, \ Having regard to the Treaty establishing the European Community, Having regard to Council Regulation (EEC) No 3760/92 of 20 December 1992 establishing a Community system for fisheries and aquaculture (1), and in particular Article 8 (4) thereof, Having regard to the proposal from the Commission, Whereas, in accordance with the procedure provided for in the Agreement on fisheries relations between the European Economic Community and the Republic of Estonia (2), and in particular Articles 3 and 6 thereof, the Community and. Estonia have held- consultations concerning their mutual fishing rights for 1994 and the management of common living resources; Whereas, in the course of these consultations, the delegations agreed to recommend to their respective _authorities that certain catch quotas for 1994 should be fixed for the vessels of the other Party; Whereas the necessary measures should be taken to implement, for 1994, the results of the consultations held between the delegations of the Community and Estonia; Whereas to ensure efficiént management of the catch possibilities available in Latvian waters, they should be allocated among the Member States as quotas in accordance with Article 8 of Regulation (EEC) No 3760/92; Whereas the fishing activities covered by this Regulation are subject to the relevant control measures provided for by Council Regulation (EEC) No 2847/93 of 12 October 1993 establishing a control system applicable to the common fisheries policy (3), HAS ADOPTED THIS REGULATION: Article 1 From 1 January to 31 December 1994 vessels flying the flag of a Member State are hereby authorized to make catches within the quota limits set out in the Annex in waters falling within the fisheries jurisdiction of Estonia. Article 2 1. The financial contribution provided for in Article 7 of the Agreement shall be set for the period referred to in Article 1 at ECU 343 614, payable to an account designated by Estonia. 2. The finanical contribution provided for in Article 8 of the Agreement shall be set for the period referred to in Article 1 at ECU 35000, payable to an account designated by Estonia. Article 3 This Regulation shall enter into force on the 1 January -1994. This Regulation shall be binding in its entirety and directly applicable in all Member . States. Done at Brussels, 20 December 1993. (1) OJ No L 389, 31. 12. 1992, p. 1. " (2) O] No L 56, 9. 3. 1993, p. 1. For the Council The President A. BOURGEOIS (3) OJ No L 261, 20. 10. 1993, p. 1.