30.6.73 OfficialJournaloftheEuropeanCommunities NoL176/73
REGULATION (EEC)No1755/73OFTHECOMMISSION
of29June1973
fixingtheamountofthereimbursement andamountofthelevyforoffsetting
storagecostsforsugarforthe1973/74marketingyear
THECOMMISSION OFTHEEUROPEAN
COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity ;Whereas,pursuanttoArticle4ofRegulation(EEC)
No750/68,thequantityinstoretobetakeninto
consideration forthereimbursement ofonemonth's
storagecostsisequaltotheaveragequantitiesofsugar
heldinstoreatthebeginningandattheendofthe
monthinquestion;whereas,forthe1973/74
marketingyear,thequantitiesinstoreeachmonth
maybeestimatedonthebasisofanticipatedstocksat
thebeginningofthatyear,estimatedmonthlyproduc­
tion,thequantitieslikelytobeimportedinthe
monthunderconsiderationandthequantitieslikely
tobedisposedoffordomesticconsumption or
exportedduringthesamemonth;whereastotal
averagemonthlystocksduringthe1973/74marketing
yearcanbeestimatedatapproximately 52-1million
metrictonsofsugarexpressedaswhitesugar;whereas
totalreimbursement canthusbeestimatedatapproxi­
mately90-6millionunitsofaccountforthe1973/74
marketingyear;HavingregardtoCouncilRegulationNo1009/
67/EEC(1)of18December1967onthecommon
organizationofthemarketinsugar,aslastamended
byRegulation(EEC)No1014/73(2),andinparticular
Article8(3)thereof;
WhereasArticle8(1)ofRegulation1009/67/EEClays
downthatstoragecostsforsugarandcertainCommu­
nitysyrupsshallbereimbursedataflatratebythe
MemberStatesandthatMemberStatesshallchargea
levyoneachsugarmanufacturerperunitofweightof
sugardisposedof;whereas,inaccordancewiththe
sameparagraph,theamountofthereimbursement
andtheamountofthelevymustbethesame
throughouttheCommunity ;
WhereasArticle5ofCouncilRegulation (EEC)No
750/68(3)of18June1968layingdowngeneralrules
foroffsettingstoragecostsforsugar,aslastamended
byRegulation (EEC)No152/71(4),providesthatthe
amountofthereimbursement shallbefixedper
monthandperunitofweight,takingintoconsidera­
tionthecostsoffinancingandinsuranceandspecific
storagecosts;whereasArticle3ofCommissionRegu­
lation(EEC)No442/70(5)of9Marchlayingdown
detailedrulesfortheapplicationofthesystemof
offsettingstoragecostsforsugar,aslastamendedby
Regulation (EEC)No700/73(6),laysdownthatthe
reimbursement shallbefixedper100kilogrammesof
whitesugar;WhereasArticle9ofRegulation (EEC)No750/68
specifiesthattheamountofthelevyshallbecalcu­
latedbydividingtotalanticipatedreimbursements by
theanticipatedquantityofsugarwhichwillbe
disposedofduringthesugarmarketingyearinques­
tionandproducedwithinthemaximumquotas;
whereastotalanticipatedreimbursements aretobe
increasedordecreasedasthecasemaybebythe
amountscarriedforwardfromprecedingsugar
marketingyears;whereasthereisasurplusof
2352270unitsofaccountforthe1968/69to1971/72
marketingyears;whereastheanticipatedbalancefor
the1972/73marketingyearmaybeassessedasa
deficitof501000unitsofaccount;whereasArticle3
ofRegulation (EEC)No442/70laysdownthatthe
levyisfixedper100kgofwhitesugar;whereasthe
quantityofCommunitysugarwhichwillbedisposed
ofduringthe1973/74marketingyearforhome
consumption orforexportmaybeestimatedat
approximately 8-9millionmetrictonsofsugar
expressedaswhitesugar;whereastheamountofthe
levyshouldthereforebe0-994unitofaccountper100
kilogrammes ofwhitesugar;Whereasthefinancingcostsmay,atpresent,becalcu­
latedonthebasisofaninterestrateof7%peryear;
whereasinsurancecostsmaybeassessedatfrom1-5
to2perthousandperyear;whereasinsurancecosts
andspecificstoragecostsbeevaluatedat0-37unitof
accountpermetrictonandpermonth;
(')OJNo308.18.12.1967,p.1.
(/)OJNoL106,20.4.1973,p.1.Y)OJNoL137,21.6.1968,p.4.
C)OJNoL22,28.1.1971,p.1.
(5)OJNoL55,10.3.1970,p.10.
(o)OJNoL67,14.3.1973,p.12.WhereasthemeasuresprovidedforinthisRegulation
areinaccordancewiththeOpinionoftheManage­
mentCommitteeforSugar;

NoL176/74 OfficialJournaloftheEuropeanCommunities 30.6.73
HASADOPTEDTHISREGULATION :
Article12.Forthe1973/74marketingyear,theamountof
thelevyreferredtoinArticle8ofRegulationNo
1009/67/EECisherebyfixedat0-994unitofaccount
per100kilogrammesofwhitesugar.
1.Forthe1973/74marketingyear,theamountof
thereimbursement referredtoinArticle8ofRegula­
tionNo1009/67/EECisherebyfixedat0174unitof
accountper100kilogrammes ofwhitesugarper
month.Article2
ThisRegulationshallenterintoforceon1July1973.
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,29June1973.
FortheCommission
ThePresident
Francois-Xavier ORTOLI