stated in the marginal row for eaoh North African country

Ob'l.igations

the countries at the head of oolwnnstpm",)ceJlayments ,,:to,coun;'TiElsat the head oj,' raw,,}

'_"·,/,i.;

, "

-,^, ^, v: , , ' " ^,^'

" - -^.,.,-"..,.

r ^SLidan ^UAR ^{Li by,,-} ^Tunisia ^Algeria ^Mo1'occo ⁱ Mau.ri..: ,Export l

,

^tania i ^Balances

'3

^' "','" O! ' ,

Morocco 6

^, 411

252 738 22.838

^,,}4 24,-2-79

.",," "'I' "T ^.:

Source: ECA tabulations and UN Afrioan Trade StQ,tistics, Novembf''Ii 1962.

,-',-107. ThistabtEl

g~res

the,

bilate~al

balances arriv,ed at in the waydeseribed.

Fer instanoe t,hat Sudapwas, exporting $8,674,000 wOJ;'t,h of goods to'thl/,UAR, but was imJ;>o,rting $13, tl08,000 wor~h of goods from t~e UAR: 'On balance Sudan owes the UAR $5,134,000. This swn is elltered ill ce11(2,1) ofll'able 9. All the other entries in Table 10 are similarly to be explained. Table 10 also oontains a marginal oolumn ,giVing the total bilateral export balanoes of eaoh North African country to all North Africa and a marginal row giving the total bilateral import balanoes into each North Afrioan country from all the other North African oountries.

108. Table 11 shows the

intra-~orth

Afrioan bilateral balanoes derived in the way explaiued above. They are simply the total bilateral export balances stated in the marginal column minus tho total bilateral import balanoes

stated in the marginal row for eaoh North African country.

'I>

~~~::it:AX~ "

Annex Page 39

TABLE 11

Intra-No~thAfrican Balances ~"

( in US $'000),

Exports. Impcrta Intra_North Afrioan Balances

Mcrocco 24,279 / 39li\'~:

,.~,=,-=-",-~ ..,_. _. . ~.__._. \---- . ... _"._._ ...! ' - -"-""-'-"i"'''-.'-' '_".c·.., ..."·~"."... ...__.'.___

Mauritania \ ;;,

;.\-..,l"

³⁴

_.,..._-'_._...._ ..__._.__\~,,_,.-'

r ,..._--:;:;

"_...'. 'L - -r', ...__.•_"-:-::::::.,... .....'.':".,~.~, ·;·.,·,,'cx...·;".^,.~~..,',^~- ..._._"-- '-;':-, ,"-...

Sum of po.l,i

t1~;ii:lan~es'

⁺ ^36,

602it-;-;-T! '

Sum of neg\t:r.#',f;alances, 36,602.

\, . ';....^,....

~,'-'_.('i- ;

109. The sum of\the thre-!(positive items is +36,602 and the sum of the three

. . .\_"".,~\"' "'~"""'~'_'_"'_'^" ^' ⁰ ^' ^" ^{. .}""~^{. . .} "'.~', " "

negative items is '-36,602. \ Hence these "\If..t,rp.-li\orthAf'rican .ba.Lance s , if,

~- ... ...- \. ..

added up, amount t'? zero. If a North African clearfng union 'Ii thout clearing ,():I;'!>dit existed, the, countr,ie.s:,,~ith,",•.n.egat;eve intra-North.Afrie&R.be,lane-eo, ....

~ould

have to make payments to "the clearing union, While the countries_,KI" _{:,' ':} _{__} _{.,,_.,} _,

~Hh

a positive intra~Nortlit~trlcanbalance ~ouldreceivepayments from the , olearing

unioll.:This

wou.l<!"'be muTfiIa:terai compenaata on;

110. No~ we will explain Table 12whiohsho~s one of several possibl£'oompen-, J'..al;..ionpossibl£'oompen-, .schem espossibl£'oompen-,"called

:i~r

No;i;h Afrioacou14

compenaat Lon scnema.A, whichAhe--,oompensat·ion agent

" . . _ ' . :', ...__ ,,--,;: ..,-~,,--'0' - .

suggest to the seven North African countries.

.. '."·....'"·"w,~~...'

>-.

•

·:;:~:·:\~"_c ~

;,",

~g~: i4~:~j{~);;;\\,· ;,,,

Annex Page 40

TABLE

12

;·".·i;'

• i.: ') "- ;

in US$l,OOO

~ ,.'~,.., -"" --' -_.. ...-_.... ..--..

-

^. ^.~.

'J'.

417 252

\ 2

4

Al.p:~w~~.·_.J _,_{-- . • ,}

..

Morocoo

Li:bya-- . ]_ .

Tunisia

UAR

Sudan

..-.-'

. ^,...- .

,,'.: ".', ;.,; 0..:'.'-1

~,-M.,

..

tJ,,·;'

:j' ;.';,"",'.-, )~.' ..'? :c'.';C:'-"' i'; .. ..ir,f .'i' _.;..J" ;',; : .•'-'S"nr. ··'r

===__

⁼ ~=_==_==

__

=_============~======_~_= ==== === ====b ~===~==~ === =========== = ==~

E/CN.14¥.W: 2!4 Ei/ CN. 14/AMAfi2

Annex Page

41

> .,'.',:))e10.w.is given a complete list of the meanings· of thesymbol:(used' as:they'. will be needed again for Table l4r,artd"shou:1d"aIso be ofgei'tlilfaf"

use, if· any of the readers .should be" oalled .upbn "to draw up bilat'ei'ii''lC'''' .,.

compensation schemes. .::1 end 'of ro:';,,?

\ci

soineb'ther 'count;y A figure in a rectangle, e,g.,

5,1'.34

.is the q:t;i,ginll).; bi~'!ot,,?ral:.c,la~

;..~flr :".:.:"_(:)~\' .0""",1;"'. ",:' c:,'. -. , , : - : : . ' . =,.U;-,' ":"', ",' ...-.

of tpeexporting oountry at the row head ( " left..,~.::/):''':'''''' , ' , , ' . ' :". :,.-.: -" - ,'-,- ; " -. . ',J-" ,and..,I ~".,.,.".;Q.;t; a,rp,w: " " •.• ' ;

Lpn

- the impor,:ting ^countr-y at the. head of a column. ·'fiS""·;.;.cJ' s.!:'., ..,

~. ^-; ^'. ^{: \ (,}^',J. ^{' : ' \}

.' .:' y'.":,'::.: ,,'

A fie;i.u'e

.i~~'::[1

e.lJipf!cJ.S,

,e'.g. ,39,

exp;o#ing count~y;·~tt.her'ow haadi{leift

,~;;\:~J o:r _~i."'.',J,;: ^''<'f;]

A

figure underlined once, e.g. ~ is a transferred payment made to the exporting cpuntry at ther•.Owhead (:Lef't..;;end bfthe row) by"some othe~L,

oO!fntry.

;r~ebutt _,',

of tr8.ll""fer·,'Ol""Hi1k:.·arro;w:.indioate.s t'li:Il"houI'ce of

th~ "'T

,.'.^.'

pa;}']Ilent.. This 'scur ce is·..".·..pe;l,1; the row head of which in:Q.icate's' the

t;^{F.',.' ,}

transfer.o" and .the,.coltunn~heal;l,.;ofwhie'p. indicates'·theul~timate payer."":'

•.. A Hgm.eundei'lined hice, .

e~~;'4!669;'ii~'

^{a direct}

pa.hn~;t

^{by the.} ^{, f}

. ..,:' ~; :'~,-:.

country at the column head to the country at the row head.

," .' __'i"~' ~.,~"~",,(.,;:,, ^:':. .~'~J ~;,;-'-i' ,,,~-:L

11. 'fun

line link arrow' shows the' transfer of a olaim from the source oell a't the ^but

t of the";\'H~~ :t6.' thedi~tig~nijn

oell' a.t the head of.the

o.'. :). ",~;j".'..\i,;" .'

arrow.

'" A

broken line

Hl'ilc

arr8j!,.

~h6~~'!the

Bh6rt-oirodit' transf'er of a claim freJiltl1e ultimate pii:jer to th;§ii1tirriate

r~ciipien't.

:pquble cross bars through the shaft of an arrow indioate that.,the . " ,

":~:~;:-2~.~.,:,;.:,

trallsfer in question, being circuitous, has been canoelled

_: :",' -, -,., -. ',- 0':' '~.r~~__h~') i.' ;;:-:,~',' .."! "',':" .'

"replaced by a short-cireuit 'trimsf'er indi cat ed by a broken

",:J,:; :",..., .xr...' ,1..

and been

line link .arrow.

4,.'3 ..,:'::1: :':'~:~,,;

l:l:,:)'p The b"sieenvies of Ta.ble l2areidenticElil with those of Table

"io}

The.y are jilstthe',bilateral baLarices 'within Nc5"t'tl:l.'Afrioa.In ord<i£''iB'''';'''''''

~:iJiiplify

i.heexposi honailil figures

are"ghf~n

'inih6usarts .of dolla:£dp'hus'

inst"aJ"of"sa:yil}g$39~iOOO

we. simply say

'3~Y~

iHst"':M6f"saying $5,

134~ 60'0; .

we simply say 5,134.

E!CN.14!WP.2/4J

E/ CN.,14!1JM:/

12 Annex

Page 42,

112.

TheS\ic1an'is er\.titledto recef'v'e39,

3~1h1d'39i

:fromL:i:1fyi.,"'iVnisia andM6r'oeco(respecti've1.y;"ki's i

st'a:tiEid

"iJ!troW'1: of Ta:b:Ce"12'btf-f'

n'~s

^to'

dt~ke':

payn\~i:liF8t!5

,;134'1;0, the

tJAIi.'

'Pffe'<d6JiipEih'sll.tiori';£geh't! 6'8,h^J

Jil gge'$t

^that

Li1lYa,':rj,lJ:lJ,sia and, ,Morocco make their payments to UA,Rcm_, _'>' _, _.-

b~li'af'f :~tSti.d:an,

whereupon Sudan wi.n only have to make a payment",~!~4.6,6.\;l+ ')'h:\oljlr'~CIi'ans,:t;!3'li"

of claims is

s~ownby'means,ofa~r9ws

^indioating

t~~, fi~al'destin~tion

^of

",J. _.:';:',~ '.._~:-j: _':, .':,'1:::' '~J ·:;~:.::\i:_.';.., '>,;:;-_::']' ~r;:_',' : 4<"["'::' ,,.-;- L.' .. ··',U" .. -;: l, "-.

the pavme'!ts.Theto~"l,d,Ej,bi,t ofS:,-daD.toU.fl,RiS5Jl.?4.at1di~b<ii:lt6ed, J,h "^r

" '.,\')'':', Ii I:-,'.1. :~'.' .L.-::,·· ,.. _.,.J, -", ':.... ) •.,_.l.) .... "., ..a- .. ". , .. ^,,1-,.,.- "..., .•,',' .,

to show that this ,total paymenti:"uo longeF m!';deby Slldantq U,A~., Xhstf'fld

. • :._":'.. '," .. ..' .,)~..~'"" '-;',"_; J 10.,:>: , ..,;' ., _.5", -"1,' • , .."

Sudan pays only :J;hedifference between~,l34and the assil\'~"d pa-vments from LibjaI,Tiihisi1i:and' MoroccoamoUritingto 465';

~hi;fih~~:~'4, 669'. :Iflif~}

^payment,

is'shoWhih the6el1( 2,

1')" ,,ind.'{!i' ,,{nder:l.iriedtwlb.?iij;'cilcat:i.Hg 'tbi'li'!'r't

isa payment to be made in

aooo'r'~ahc'¥::with

^tht'

nieart!{~"Wf'tli!e,

oef&.( 2, l)',"Jiamely

,'..

I'l.:). "!n"the''i;hHd 06i1

bf

rdw':.2":\.!s s'hcifb. 't':Jiittbe'iJAR is en.tf't'ika"1iit "'"

redii~e

1;5bOfr'b\u'

Li'b;\ia/;;t'o1Jri{fi:'2/:ho'we{;:"~'!);t:ii6ws

that'i.r.ifu

'b't~s 5'ifVtb"eJ

Tunisra: ancfitfT to

Mbrd26o'."

'Thit

dbihPef.[s'~tJ.i~-h8;1gerit

,{,{ti'ild';"i>i'6tosit'tb'[4;"';

Libya-male,?; ati' assigned'

'paymeh'C='6f

'.J'i';'t'olftu1lsi1r;

'iRd' '41

Y"'t"o'ijBI1

o'ri~i,f)

^E;^{IT!, T'}

whichlea;~,s

^fa.

(doublyp,nd,§r;;L;in~~i,

- -,-~._.~---"\i,ire,l)t3

P{l:Y@~~,,-!?:fr..:!..504!,:f!,om!'

'- ^' - -.-

^L:i.:bya

^{,to UAR} as shown in the "e1,1 _,(~J,,'.?i

)"",,:

')'2 ',e:'" . , ! ~';:9Lj ^{: . , '} ^,:,J^'0:'

l,M~" Th,,' fifth cell ofr!",'\{ ~,;F#.OMB~; tMtJl,lg"ria,!:'1"~to;jj]al<t~lLi':_R,!J.yJne.ntof It9'UJl,R. It is, a dire\lct p,?-.Y1llenet':J'T4tha.,J;l;j th,e meaD:ing ofce,l,lu{2,,5)and::fis:

iB'~~U~lY undeh:i.A~ci; ,

ll~",,: 'fiew', 3i.P~if,\';f:esT;tp@.tJ ,Libya :j..s","l1t4"j;-.l~g. ~t(>, r,eceive9i~.i:,~E;9ID kigeria.

The compensation agent C?:lil'?llggestt]'l.?:t'A;Lgeria . pay this':--J;jUnE;tO .Tunisia::'bn behalf of Libya. Thus Libya's ,debit to TtJ.hillia. wEI be redl1o!:,d,fr,qm 1,491 to

1:;'4.38":';'" -.

.'iC·",::·." :.:1:""' ,;~·-_;.'-.i~~'::·L;:":: . ,,;j- .n.g:J~r~_,·:::.'_:.,) .'::'::::::.::._.,' ',;'" .~.:L_S..-:,-:..:..'.: ....

"'-"",'.':,:J; '::.~:;\ .;:-..-:.u.J.} :-,- ;.1'--,_,.- +~"3·.t;:J~'.

,+;L?,!,;

TJHl~s:i,!l-' is

'?-t'i

⁰ epti.tled"lj-!',A-Jild;j.ga[\;,!:'fl.,}nj :F9,w,(4)"J;O,J7"cEjiv,e'j,;!/,J6 from Algeria. But column 4 shows that Tunisia has to make two payments, one of

3~

on:behalf' of SiJ.<iLah,Tto UAR and another' 0'f;138d'irectiy to Morocco;

Thil

compEiiisaMoh agentMn' suggest that Algei'±ll,l!ii;i"kea'

paSirianiLf'

'35 '"

to Tunisia and

738[;tbMbrocco"bhrbeha1fof't'~,Aisia. "As

ille'full '11iJ.ii':t:i'nk arrow,shows; the'paymlmtbf':35

gl:i~s',from'Hglir'ta

to TU1'lisfaaiiil.fi'oIl;'J'"

E/ C)'J. _J4/W~:~/4 '

E/eN•14/ mil?,

Annex Page 43

..

Tunisia to the UAR.

Insti3ad.:"5'ri;'jt'kr~!

'cirouitous route, the

35

could go st'r';"igllt flrrqrnj-A,J,S:,eil;i a to the_._~_. . c " , _ .' r ._," '.

qA!l;,

aO,eho1ill','

bythe'lo;r9~§£"l,:j,XW,"'';P9W

^• ^{Thi s} connactsoell

(4';-5) wiill;~e;J.I((?i,ith':_C@§!EiqugnJ+Y,

the oirouitoue route

from .cell

{4,55

cellCl;4)~d,

,Jrolniihisq::i.l to.(2,1),m\:J,\3f1i&crossed out. The arrows have

the~ef~re b~en o~n.celle~~y dO~ble c;~~s

-- ;'T >,"',.:" ^bars.

117 .,I~O;rOCC9,

^{as row}

⁶

dis-cip-<?:es,is

entitl",ql'to-rece,iy~417frorn

^Libya

inoi;~~tly,

^{252 from}

Libya\iir~~tly,

⁷³⁸

fro~ Tunisiai~directly

^and ^22,838

. _' .",. _ ;;"",:-"".-':'.:\~,';;,::'''•.. ,\:'i ","':~' ,' ..-",-,,, ... '.',....,.;." 0 , ' .:...-.• " ; : , - .:'.;.-, ... ,. . . .:" , . . . .',. - ' : ' . , . ' ,•••. - . "'".-.<',. __.;u"''''_ ,_ c.:,c ::,.--.;.... ...-.: .'

.! f:Poln Algeria-diI:'eotly. Th,,' Compensation agen,"_, _; couLd propos<;>that'A;'lgeria..,_, _. _{, , c .} _{_} ,~,

:1i~Y '39J.-t{'-thelrAR,~r.;"'b~halfjof-Suda~;

^this

is: show~j

^by

means"~f~-'-'

i" :: -. _',~, _ , : : : " , ;'! • C/:h-_.:::·' _'~i "_'''''',

' j^ul l n ;n e lint: ,

'f"'i

ows '"l"adif.\g

f+:8111,,,,,11 ,( 6, 5)

i;o:?~J,.:),.L)",6)~_i;.n<l"fJi~~:l;i,.~;f:e,.

to oeil

(2,1)

.':!iut again this is a oireuitous

p~J11TI'e~t

ii.ha.the ooritriensatig,J]J"

~en t- ooUid":Pro~os~th",t

^,.

AIg;;i;,;~a.k~

sh~ii;;;;;~rcuit'pa.:;;~;t"~f~"'"

. . . . ; ( '.

[_j2;Lstr#ghi;i;0:V~R,'ifom c~il ^{(6,5 )..} .to~e'li'{~,~).[

Thie is shewn by

mk,~s

qf a

broke~1;':;linJ

^link

arrow;;r""--~-'--ci-'-"

^",.

'.i;; .•,._..~... ,.,., ••• , .,-,,/:

" " " '..".,

i.\:'"; ... '.•

"":",, "

EI...

CN.

1.4 ... IWP.. .2/.4

E!

^c.

N~. f4{lIMAfI2..,

ne:xc"" . Page

4 4 "

·:o··~ , .. TABLE,I}

., NOI'th Ai'rica, FinaLFaymel'rts Oliligatiolls Ar{siJ;l.g Under

· L

Comp€ih:~;t{6:ri SGh~Ill~4i,;"i?60,'r '

• • - , ' , . ' ,; .L_.

(dbhgatitll1~

^t;>;f

^OQiuml1

^head.

~bUhth~~ tq"iQ"k;e

paym",nts tOI'owhead countrles)

-0.; ,j:). . .

, ,

(in US $'000)

, '!r;'nisi;"V Algeria

I·'

····4·'·

, " , . . '

.

.^"

""F, 427 '"

··(1+3,5+

³⁹^{1 )}

_-+-,,-~

+-

4 ' - ' - ~ _ ~

: Libya

5 34'23,888

~1auritania

7 I

..._.,

Payments ^·

I

128,67

0 '.

I

Debtors

! 4,669 3,229 34 36,602

'I ".1 ~ .. ^.

__

^.~^..

.^, , i ...

The entrieljl in tlle c<ii;l.ls are the direot payments to be made by the countries st",te\'l. at,' the head. of the colwnn to the countries stated at the

Dans le document Conf6rence of Governors of African Central Banks (Page 147-153)