![‘Record of a Meeting Between the Prime Minister [Harold Wilson], and the Foreign Secretary [George Brown] and the Acting Vice-President [Albert Coppé] and Other Members of the High Authority of the European Coal and Steel Community at the British Embassy, Luxembourg, on 8th March 1967’, PRO, PREM 13/1495.](https://images.tandf.co.uk/common/jackets/crclarge/978131509/9781315096544.jpg "‘Record of a Meeting Between the Prime Minister [Harold Wilson], and the Foreign Secretary [George Brown] and the Acting Vice-President [Albert Coppé] and Other Members of the High Authority of the European Coal and Steel Community at the British Embassy, Luxembourg, on 8th March 1967’, PRO, PREM 13/1495.")
ABSTRACT
We would remember that the mandate given to the High Authority by the Council of Ministers had led to their taking as their base rate the 14 per cent recognised as the Community's legal tariff when they had obtained a waiver in GATT. The British Delegation in particular had reminded them of the actual level of the Community's harmonised tariff, which was of the order of 6.8 per cent, and had objected to the use of 14 per cent as a base rate. The American Delegation had then suggested the idea of a target rate and discussions were proceeding upon this basis. But he understood, from the latest reports he had had from Geneva, that there was still resistance on the part of the British Delegation to this idea. There was some discussion of the Community's Guarantee Fund, which had originally been financed by levies on steel production.
