8.11.74 OfficialJournaloftheEuropeanCommunities NoL300/1
I
(Actswhosepublicationisobligatory)
REGULATION (EEC)No2803/74OFTHECOUNCIL
of7November 1974
amendingRegulation (EEC)No1967/74withaviewtoauthorizingcertain
MemberStatestograntaninterestsubsidyonloansadvancedfortheretention
ofyoungcattleonthefarm
itseemsunnecessarythereforetoprovideforthe
grantingofaninterestsubsidyintheareaswherethe
systemisapplied;
WhereasthemeasureprovidedforinthisRegulation
willhavenoeffectonfinancialchargetotheCommu­
nityasdefinedinCouncilRegulation (EEC)No
2504/74(5)of2October1974relatingtothe
financingofthesystemofpremiumsfortheorderly
marketingofcertainadultbovineanimalsfor
slaughter,andfortheretentionofcattle,
HASADOPTED THISREGULATION :
Article1
ThefollowingArticleisaddedtoRegulation (EEC)
No1967/74:THECOUNCILOFTHEEUROPEAN ,
COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity ;
HavingregardtoCouncilRegulation (EEC)No
805/68(l)of27June1968onthecommonorganiza­
tionofthemarketinbeefandveal,aslastamended
byRegulation (EEC)No1855/74(2),andinparticular
Article22a(2)thereof;
HavingregardtotheproposalfromtheCommission ;
WhereasRegulation (EEC)No1967/74(3),as
amendedbyRegulation (EEC)No2502/74(4),intro­
ducedasystemofpremiumsfortheorderly
marketingofadultbovineanimalsforslaughter;
whereasthispremium,whichisintendedto
encourageproducerstoretaintheiranimalsforan
additionalperiodoftimebeforeslaughter,isonly
grantedatthetimeofslaughter;
Whereas,asaresultofthehighcostsofanimalfood­
stuffsandoffinance,smallproducers,inparticular,
couldexperiencedifficulties .indelayingmarketing
withaviewtobenefitingfromthispremium;whereas
itseemsappropriatethereforetoprovideforthe
grantingofaninterestsubsidy,withinthepresent
system,intendedtocontributetowardsachievingthe
aimsofRegulation (EEC)No1967/74;
Whereasthegrantoftheinterestsubsidyshouldbe
limitedtoproducerswhosefarmsaresituatedina
MemberStateinwhichthemarketpriceisatpresent
ataparticularlylowlevel;
Whereasthesystemofretentionpremiumsforlive
cattle,aslaiddownbyArticle2ofRegulation (EEC)
No2502/74,doesnotraisetheseproblems ;whereas'Article4a
1.MemberStateswhichgrant,underArticle1,
apremiumofanamountlowerthanthe
maximumamountsreferredtoinArticle2andin
whichthemarketpriceofadultbovineanimals,
recordedpursuanttoArticle10(5)ofRegulation
(EEC)No805/68andapplicabletodeterminethe
leviesvalidfortheweekbeginning4November
1974,islowerthan60unitsofaccountfor100kg
liveweight,areauthorizedtograntaninterest
subsidyonloansadvancedwiththeaimof
retainingyoungcattleonthefarm,usingnational
fundsuptothedifferencebetweenthesaid
maximumamountsandtheamountsactuallypaid.
2.Theinterestsubsidycanbegrantedforno
morethan25youngcattleperfarm.(')OJNoL148,28.6.1968,p.24.
\2)OJNoL195,18.7.1974,p.14.
(3)OJNoL206,27.7.1974,p.1.
4OJNoL268,3.10.1974,p.12. (s)0|NoL269,4.10.1974,p.1.

NoL300/2 OfficialJournaloftheEuropeanCommunities 8.11.74
Article2 Thegrantingoftheinterestsubsidyisdependant
uponthepresentation ,bytheproducer,ofa
request,accompaniedbyawrittenundertakingto
retainonthefarmmanagedwhentherequestis
lodged,foraperiodofatleastthreemonthsfrom
thatdate,theyoungcattleforwhichherequests
theinterestsubsidy.'ThisRegulationshallenterintoforceonthedayofits
publicationintheOfficialJournaloftheEuropean
Communities .
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,7November1974.
FortheCouncil
ThePresident
A.JARROT