NoL85/52 OfficialJournaloftheEuropeanCommunities 29.3.74
REGULATION (EEC)No663/74OFTHECOUNCIL
of28March1974
fixingthetargetpriceformilkandtheinterventionpricesforbutter,skimmed­
milkpowderandGranaPadanoandParmigianoReggianocheeseforthe
1974/75milkyear
THECOUNCILOFTHEEUROPEAN
COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity ,andinparticularArticle43
thereof;
HavingregardtotheTreaty(')concerningtheAcces­
sionofnewMemberStatestotheEuropeanEconomic
CommunityandtotheEuropeanAtomicEnergy
Community ,andinparticularArticle52(3)oftheAct
annexedthereto;
HavingregardtoCouncilRegulation (EEC)No
804/68(2)of27June1968onthecommonorganiza­
tionofthemarketinmilkandmilkproducts,aslast
amendedbyRegulation (EEC)No662/74(3),andin
particularArticles3(4)and5(1)thereof;
HavingregardtotheproposalfromtheCommission ;
HavingregardtotheOpinionoftheEuropeanParlia­
ment;
HavingregardtotheOpinionoftheEconomicand
SocialCommittee ;
Whereas,whenthetargetpriceformilkisfixed,
accountshouldbetakenbothoftheobjectivesofthe
commonagriculturalpolicyandofthecontribution
whichtheCommunitydesirestomaketotheharmon­
iousdevelopment ofworldtrade;whereastheobjec­
tivesofthecommonagriculturalpolicyareinparti­
culartoensureareasonablestandardoflivingforthe
agriculturalcommunity ,toensurethatsuppliesare
availableandthattheyreachconsumersatreasonable
prices;
Whereas,therefore,accountshouldbetakenofthe
importanceofmilktotheCommunity'sagricultural
economyandconsequently tofarmers'incomes;
whereas,moreover,theremustbeabalancedrelation­
shipbetweenthetargetpriceformilkandtheprices
ofotheragriculturalproductsandinparticularthatof
beefandveal,reflectingthedesiredmovement
towardsstock-breeding ;
Whereas,furthermore ,whenthetargetpriceisfixed,
theCommunity'sendeavourstoestablishalong-term
balancebetweensupplyanddemandonthemilk
market,takingintoaccountexternaltradeinmilkand
milkproducts,shouldbeborneinmind;Whereastheinterventionpricesforbutterandskim­
med-milkpowderareintendedtocontributetothe
achievement ofthetargetpriceformilk;whereas
theirlevelshouldbedeterminedinthelightbothof
thegeneralsituationofsupplyanddemandonthe
Communitymilkmarketandofthepossibilitiesfor
disposalofbutterandskimmed-milk powderonthe
Communityandworldmarkets;
Whereastheparticularsituationobtainingincertain
MemberStatesatpresentdoesnotpermittheapplica­
tionofauniforminterventionpriceforskimmed­
milkpowder;whereasitisthereforenecessaryto
applyacorrectivefactortotheaforesaidprice;
Whereasinordertoensurethatthiscorrectivefactor
affectsmarketpricesinthesaidMemberStates
withoutleadingtodistortionsofcompetitionitis
necessarytocompensateforpricedifferencesoccur­
ringintradeinskimmed-milk powder;
WhereastheinterventionpricesforGranaPadanoand
ParmigianoReggianocheesesmustbefixedatlevels
whichwillgivemilkproducersinareasofthe
Communitywheresuchcheeses,qualifyingtobear
thedesignationoforigin,areproducedthesamelong­
termsecurityasregardsmilkpricestoproducersas
thatprovidedbytheinterventionmeasuresinrespect
ofskimmedmilkandbutter;
Whereas,sincetheinterventionpricesforskimmed­
milkpowderinforceinthenewMemberStateswere
inlinewiththecommonpricesalreadyinthe
1972/73milkyear,onlytheinterventionpricefor
butterinforceinthenewMemberStatesmustbe
alignedinthe1974/75milkyearwiththecommon
priceinaccordancewithArticle52(2)(a)oftheActof
Accession ;andwhereastheeffectofthemodification
inpriceswouldbetodisrupttheprocessofthe
UnitedKingdom'sintegrationintheCommunity ;
whereasthereforeitisadvisabletolimitthealignment
oftheinterventionpriceforbutterobtaininginthat
MemberState,inaccordancewithArticle52(3)ofthe
aforesaidAct;
Whereasthepresentshort-termeconomicsituation,
whichishavingaparticularlyseriouseffectonthe
marketsformilkproductsandbeefandvealin
respectofwhichthenewmarketingyearnormally
commencesatthebeginningofApril,callsforthe(!)OJNoL73,27.3.1972,p.5.
(2)OJNoL148,28.6.1968,p.13.
(3)Seep.51ofthisOfficialJournal.

29.3.74 OfficialJournaloftheEuropeanCommunities NoL85/53
earliestpossibleapplicationofnewguaranteeprices
forproducers;
Whereastheadvantagesresultingfromtheincreasein
certaininterventionpricesshouldbeextendedto
buying-inoperationsintheframeworkofinterven­
tionscarriedoutbetween4Marchand31March1974
inclusive,
HASADOPTED THISREGULATION :
Article1ventionagenciesinBelgium,Germany,Luxembourg
andtheNetherlandsbuyinskimmed-milk powder
shallbetheinterventionpricelessacorrective
amountoftwounitsofaccountperhundredkilo­
grammes .
2.Thecorrectiveamountreferredtoinparagraph 1
shallbeappliedtotradeintheproductinquestion
betweeneachoftheMemberStatesreferredtoinpara­
graph1withtheotherMemberStatesandthirdcoun­
tries,theBeneluxcountriesbeingconsideredasone
MemberState.
Forthispurposetheamountscollectedonimporta­
tionandgrantedonexportationwithintheframework
ofthecommonagriculturalpolicyshallbereducedby
thecorrectiveamount.
3.DetailedrulesfortheapplicationofthisArticle
shallbeadoptedinaccordancewiththeprocedure
laiddowninArticle30ofRegulation (EEC)No
804/68.ThisRegulationshallapplyforthe1974/75milkyear.
Article2
Thetargetpriceformilkandtheinterventionprices
formilkproductsshallbeasfollows:
u.a.per100kg
(a)Targetpriceformilk 13-41
(b)Interventionprice:
Butter:
—inDenmark 172-40
—inIreland 163-40
—intheUnitedKingdom 104-89Article4
—intheotherMemberStates 176-00
Skimmed-milk powder 79-00
GranaPadanocheese:
—from30to60days 175-50Inthecaseofbuying-inoperationscarriedoutbythe
intervention bodiesbetween4Marchand31March
1974inclusive,thesebodiesshallpaytosellers,in
additiontothebuying-inpricefor1973/74,an
amountequaltothedifferencebetweenthisbuying-in
priceandthatforthemarketingyear1974/75.
Thecompensatory amountsfixedinpursuanceof
Regulation (EEC)No974/71(!)shallnotbeaffected
bytheforegoingparagraph .—inbatchesofanaverageage
ofsixmonths 206-60
ParmigianoReggianocheesein
batchesofanaverageageofsixmonths223-60
'Batchmeansamanufacturer'sproductionduring
theperiod1Aprilto11Novemberinagiven
year.
Article3Article5
1.BywayofderogationfromArticle7(1)ofRegu­
lation(EEC)No804/68thepriceatwhichtheinter­ThisRegulationshallenterintoforceon1April
1974.
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,28March1974.
FortheCouncil
ThePresident
J.ERTL
(»)OJNoL106,12.5.1971,p.1.