17.6.78 OfficialJournaloftheEuropeanCommunities NoL160/25
FINANCIAL REGULATION
of6June1978
concerningtheGuaranteeSectionoftheEuropeanAgriculturalGuidanceandGuarantee
Fundforthe1967/68to1970accountingperiods
(78/529/EEC)
THECOUNCILOFTHEEUROPEANCOMMUNITIES ,3.Thecreditentryreferredtoinparagraph2shallbe
madeinaccordancewithArticle3(1).
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity,andinparticularArticles43and
209thereof,
HavingregardtotheproposalfromtheCommission ,
HavingregardtotheopinionoftheEuropeanParlia­
ment(1),
Whereas,inordertocleartheaccountsforthe1967/68
to1970accountingperiodsinvolvingonlytheMember
StatesoftheCommunityasoriginallyconstituted,
movementsoffundsrelatingtothesefourperiods
shouldbelimitedtoasingleclearing,Article2
1.Forthepurposesofclearing,authorizingpayment
ofandpayingtheexpensesrelatingtotheGuarantee
SectionoftheFund,theCommissionshall,onbehalfof
eachMemberState,keepanaccountforeachaccount­
ingperiodwhichshallbe:
—credited,pursuanttothedecisionstaken,withthe
amountstobereimbursedtothatMemberStatein
accordancewithArticle10ofCouncilRegulation
No17/64/EECof5February1964onthecon­
ditionsforgrantingaidfromtheEuropeanAgricul­
turalGuidanceandGuaranteeFund(4)and
—debitedwiththecontributions ofthatMemberState
calculatedinaccordancewiththeprovisionsinforce
duringtheaccountingperiodinquestionandonthe
basisofthedataavailableatthetimeofthe
decision.
2.TheCommission shallinformeachMemberStateof
thebalanceofitsaccount.
3.Theaccountsreferredtoinparagraph1shallbe
keptandclosedinunitsofaccount.HASADOPTEDTHISFINANCIAL REGULATION :
Article1
1.Thefinancialcontributions fromMemberStates,
calculatedinaccordancewithArticle11ofCouncil
RegulationNo130/66/EECof26July1966onthe
financingofthecommonagriculturalpolicy(2)and
withArticles2and7ofCouncilRegulation (EEC)No
728/70of21April1970onadditionalprovisionsfor
thefinancingofthecommonagriculturalpolicy(3),
shallcoverexpenditurebytheGuaranteeSectionofthe
EuropeanAgriculturalGuidanceandGuaranteeFund.
2.Thefinancialcontributionsasexpressedinunitsof
accountshallbeconvertedintonationalcurrencyand
creditedbyeachMemberStatetotheaccountopenedin
theCommission'snamewiththetreasuryorotherbody
designatedbytheMemberState.Article3
1.MemberStatesindebitshall,withinonemonthof
thedateofnotificationofthebalance,paytheamounts
forwhichtheyareliableforthewholeofthe1967/68
to1970periods.Thepaymentsshallbemadein
nationalcurrencyintotheaccountsreferredtoin
Article1(2),onthebasisoftheparityinforceon
31December1970.
2.MemberStatesincreditshall,withintwomonthsof
thedateofnotificationofthebalance,receivefromthe
Commissionapaymentforthewholeofthe1967/68to
1970periods,madeintheirnationalcurrencyonthe
basisoftheparityinforceon31December1970.
HOJNoC131 ,5.6.1978 ,p.77.
(2)OJNo165 ,21.9.1966 ,p.2965 /66.
(3)OJNoL94,28.4.1970 ,p.9. (4)OJNo34,27.2.1964 ,p.586/64.

NoL160/26 OfficialJournaloftheEuropeanCommunities17.6.78
Article4
Adetailedtableontheclosingofaccountsforthe
1967/68to1970periodsshallbepublishedasan
AnnextotheCommissionrevenueandexpenditure
accountreferredtoinArticle73oftheFinancialRegu­
lationof21December1977applicabletothegeneral
budgetoftheEuropeanCommunities (1).financingofthecommonagriculturalpolicy(2),aslast
amendedbyRegulation (EEC)No2788/72(3).
Article6
TheFinancialRegulationof5February1964onthe
EuropeanAgricultural GuidanceandGuarantee
Fund(4)andArticle3(2)ofCouncilRegulation (EEC)
No2030/73of24July1973onaidfromtheGuarantee
SectionofEuropeanAgriculturalGuidanceand
GuaranteeFundforthe1967/68to1970accounting
periods(5)areherebyrepealed. Article5
Theexpenditurechargeableinrespectoftheaccounting
periodsforthesecondhalfof1969andfor1970which
remainsunpaidwhentheaccountsfortheseperiodsare
closedshallbefinancedinaccordancewithCouncil
Regulation (EEC)No729/70of21April1970ontheArticle7
ThisFinancialRegulationshallenterintoforceon
thethirddayfollowingitspublicationintheOfficial
JournaloftheEuropeanCommunities .
ThisFinancialRegulationshallbebindinginitsentiretyanddirectlyapplicableinall
MemberStates.
DoneatLuxembourg ,6June1978.
FortheCouncil
ThePresident
K.B.ANDERSEN
(2)OJNoL94,28.4.1970,p.13.
(3)OJNoL295,30.12.1972,p.1.
(^OJNoL356,31.12.1977,p.1.(4)OJNo34,27.2.1964,p.599/64,
(s)OJNoL207,28.7.1973,p.1.