and the revenue relating thereto, the revenue and expenditure of the European  Economic Community, and the revenue and expenditure of the European  Atomic Energy Community, with the exception of that of the supply Agency  and the Joint Undertakings, shall be shown in the budget of the European  Communities in accordance with the appropriate provisions of the Treaties  establishing the three Communities. This budget, which shall be in balance as  to revenue and expenditure shall take the place of the administrative budget  of the European Coal and Steel Community, the budget of the European  Community and the operating budget and research and investment budget of  the European Atomic Energy Community( * ).

( * ) Paragraph 1 as amended by Article 10 of the Treaty amending Certain  Budgetary Provisions.

2.The portion of the expenditure covered by the levies provided for in Article  49 of the Treaty establishing the European Coal and Steel Community shall be  fixed at 18 million units of account.

As from the financial year beginning 1 January 1967, the Commission shall  Submit annually to the Council a report on the basis of which the Council shall  Examine whether there is reason to adjust this figure to changes in the budget of  The Communities. The Council shall act by the majority laid down in the first  sentence of the fourth paragraph of Article 28 of the Treaty establishing the  European Coal and Steel Community. The adjustment shall be made on the  basis of an assessment of developments in expenditure arising from the  application of the Treaty establishing the European Coal and Steel Community.

3.The portion of the levies assigned to cover expenditure under the budget of  the Communities shall be allocated by the Commission for the  implementation of that budget in accordance with the timetable provided for  in the financial regulations adopted pursuant to Article 209(b) of the Treaty  establishing the European Economic Community and Article 183(b) of the  Treaty establishing the European Atomic Energy Community relating to the  methods and procedure whereby the contributions of the Member States shall  be made available.

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