29.6.74 OfficialJournaloftheEuropeanCommunities NoL175/73
REGULATION (EEC)No1672/74OFTHECOMMISSION
of28June1974
fixingtheamountofthereimbursement andtheamountoflevyforoffsetting
storagecostsforsugarforthe1974/75marketingyear
THECOMMISSION OFTHEEUROPEAN
COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity ;
HavingregardtoCouncilRegulationNo1009/
67/EEC(')of18December1967onthecommon
organizationofthemarketinsugar,aslastamended
byRegulation(EEC)No1602/74(2),andinparticular
Articles8(3)and37(2)thereof;
WhereasArticle8(1)ofRegulationNo1009/67/EEC
laysdownthatstoragecostsforsugarandcertain
Communitysyrupsshallbereimbursedataflatrate
bytheMemberStatesandthatMemberStatesshall
chargealevyoneachsugarmanufacturerperunitof
weightofsugardisposedof;whereas,inaccordance
withthesameparagraph,theamountofthereimburse­
mentandtheamountofthelevymustbethesame
throughoutthe'Community .
WhereasCommissionRegulation (EEC)No834/74(3)
of5April1974layingdownrequisiteprovisionsto
preventthesugarmarketbeingdisturbedasaresultof
thepriceincreaseinthissectorforthe1974/75sugar
marketingyear,amended .byRegulation (EEC)No
1495/74(4),hasamended,inArticle1,theamountof
levyapplicablefortheperiodfrom15April1974to
30June.1974resultinginmanufacturers incomes
fromsugarsalesbeingincreasedsuccessivelyuntilthe
beginningofthesubsequentsugarmarketingyear;
whereas,tomeettheobjectivesofRegulation (EEC)
No834/74,itisnecessaryatthebeginningofthe
1974/75sugarmarketingyear,tofixtheamountof
levyinsuchaway,thattheincomeswillcontinueto
increasesuccessively ;whereasitisconvenienttolimit
thisperiodofadaptationtotwomonths;whereas,
however,theproductionperiodandthemarketing
periodforsugarproducedintheFrenchoverseas
departmentsarecompletelydifferentfromtheother
areasoftheCommunity ;whereas,asaresultthereof,
anappropriatesystemshouldbeapplicableforthese
departments ;
WhereasArticle5ofCouncilRegulation (EEC)No
750/68(5)of18June1968layingdowngeneralrules
foroffsettingstoragecostsforsugar,aslastamended
byRegulation (EEC)No152/71(6),providesthatthe
amountofthereimbursement shallbefixedpermonthandperunitofweight,takingintoconsidera­
tionthecostsoffinancingandinsuranceandspecific
storagecosts;whereasArticle3ofCommissionRegu­
lation(EEC)No442/70(7)of9March1970laying
downdetailedrulesfortheapplicationofthesystem
ofoffsettingstoragecostsforsugar,aslastamendedby
Regulation (EEC)No700/73(s),laysdownthatthe
reimbursement shallbefixedper100kilogrammesof
whitesugar;
Whereasthefinancingcostsmay,atpresent,becalcu­
latedonthebasisofaninterestrateof8%peryear;
whereasinsurancecostsmaybeassessedatfrom0-15
to0-2%peryear;whereasinsurancecostsand
specificstoragecostscanbeevaluatedat0-41unitof
accountpermetrictonandpermonth;
Whereas,pursuanttoArticle4ofRegulation (EEC)
No750/68,thequantityinstoretobetakeninto
consideration forthereimbursement ofonemonth's
storagecostsisequaltotheaveragequantitiesofsugar
heldinstoreatthebeginningandattheendofthe
monthinquestion;whereas,forthe1974/75
marketingyear,thequantitiesinstoreeachmonth
maybeestimatedonthebasisofanticipatedstocksat
thebeginningofthatyear,estimatedmonthlyproduc­
tion,thequantitieslikelytobeimportedinthe
monthunderconsiderationandthequantitieslikely
tobedisposedoffordomesticconsumption or
exportedduringthesamemonth;whereastotal
averagemonthlystocksduringthe1974/75marketing
yearcanbeestimatedatapproximately 49-2million
metrictonsofsugarexpressedaswhitesugar;whereas
totalreimbursement canthusbeestimatedatapproxi­
mately1032millionunitsofaccountforthe1974/75
marketing^ear;
WhereasArticle9ofRegulation (EEC)No750/68
specifiesthattheamountofthelevyshallbecalcu­
latedbydividingtotalanticipatedreimbursement by
theanticipatedquantityofsugarwhichwillbe
disposedofduringthesugarmarketingyearinques­
tionandproducedwithinthemaximumquotas;
whereastotalanticipatedreimbursements arctobe
increasedordecreasedasthecasemaybebythe
amountcarriedforwardfromprecedingsugar
marketingyears;
Whereasthereisasurplusof2683690unitsof
accountforthe1968/69to1972/73marketingyears;(')OJNo308,18.12.1967,p.I.
(-')OJNoL172,27.6.1974,p.7.
(3)OJNoL99,9.4.1974,p.15.
HOJNoL15«,15.6.1974,p.20.
(5)OJNoL137,21.6.1968,p.4.
(b)OJNoL22,28.1.1971,p.1.(7)OJNoL55,10.11970,p.10.
(s)OlNoL67,14.3.1973,p.12.

NoL17.5/74 OfficialJournaloftheEuropeanCommunities 29.6.74
ofRegulationNo1009/67/EECisherebyfixedat
0-21unitofaccountper100kilogrammesofwhite
sugarpermonth.
2.Forthe1974/75sugarmarketingyearthe
amountoflevyreferredtoinArticle8ofRegulation
No1009/67/EECisherebyfixedper100kilo­
grammesofwhitesugarat:
(a)1-35unitsofaccountforJuly1974;
(b)1-20unitsofaccountforAugust1974;
(c)oneunitofaccountfortheperiodfrom1
September1974to30June1975.
Bywayofderogationtotheprecedingsubparagraph
theamountoflevyper100kilogrammes ofwhite
sugarapplicabletotheFrenchoverseasdepartmentsis
herebyfixedatoneunitofaccountforthe1974/75
sugarmarketingyear.whereastheanticipatedbalanceforthe1973/74
marketingyearmaybeassessedasasurplusof9-6
millionunitsofaccount;whereastheincreaseofthe
amountoflevyapplicableforthemonthsofJulyand
August1974willresultinincreasingreceiptsofabout
3-5millionunitsofaccount;whereasArticle3of
Regulation (EEC)No442/70laysdownthatthelevy
isfixedper100kgofwhitesugar;whereasthequan­
tityofCommunitysugarwhichwillbedisposedof
duringthe1974/75marketingyearforhome
consumption orforexportmaybeestimatedat
approximately 8-7millionmetricionsofsugar
expressedaswhitesugar;whereastheamountofthe
levyshouldthereforebeoneunitofaccountper100
kilogrammesofwhitesugar;
WhereasthemeasuresprovidedforinthisRegulation
areinaccordancewiththeOpinionoftheManage­
mentCommitteeforSugar,
HASADOPTEDTHISREGULATION :
Article1
1.Forthe1974/75sugarmarketingyear,the
amountofthereimbursement referredtoin,Article8Article2
ThisRegulationshallenterintoforceon1July1974.
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,28June1974.
FortheCommission
ThePresident
Francois-Xavier ORTOLI