NoL172/54 OfficialJournaloftheEuropeanCommunities1.7.76
COMMISSION REGULATION (EEC)No1575/76
of30June1976
fixingforthe1976/77marketingyeartheamountsofthereimbursement and
levyinconnectionwiththeoffsettingofstoragecostsforsugar
THECOMMISSION OFTHEEUROPEAN
COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity ,Whereas,pursuanttoArticle4ofRegulation(EEC)
No750/68,thequantityinstoretobetakeninto
consideration forthereimbursement ofonemonth's
storagecostsisequaltotheaveragequantitiesofsugar
heldinstoreatthebeginningandattheendofthe
monthinquestion;whereas,forthe1976/77
marketingyear,thequantitiesinstoreeachmonth
maybeestimatedonthebasisofanticipatedstocksat
thebeginningofthatmarketingyear,estimated
monthlyproduction,thequantitieslikelytobe
importedinthemonthunderconsiderationandthe
quantitieslikelytobedisposedoffordomestic
consumptionorexportedduringthesamemonth;
whereastotalaveragemonthlystocksduringthe
1976/77marketingyearcanbeestimatedatapproxi­
mately591millionmetrictonsofsugarexpressedas
whitesugar;whereasthetotalreimbursement can
thusbeestimatedatapproximately 159-6million
unitsofaccountforthe1976/77marketingyear;HavingregardtoCouncilRegulation (EEC)No
3330/74of19December1974onthecommonorgani­
zationofthemarketinsugar(^aslastamendedby
Regulation(EEC)No1487/76(2),andinparticularthe
lastsubparagraph ofArticle8(2)thereof,
WhereasArticle8(1)ofRegulation(EEC)No3330/74
providesthatstoragecostsforsugarandforcertain
Communitysyrupsshallbereimbursedataflatrate
bytheMemberStatesandthatMemberStatesshall
chargealevyoneachsugarmanufacturerperunitof
weightofsugarmarketed;whereasthatparagraphalso
providesthattheamountofthereimbursement andof
thelevymustbethesamethroughouttheCommu­
nity;
WhereasArticle5ofCouncilRegulation(EEC)No
750/68of18June1968layingdowngeneralrulesfor
offsettingstoragecostsforsugar(3),aslastamendedby
Regulation(EEC)No152/71(4),providedthatthe
amountofthereimbursement shallbefixedper
monthandperunitofweight,takingintoaccount
costsinrespectoffinancing,insuranceandspecific
storage;whereasArticle3ofCommissionRegulation
(EEC)No442/70of9March1970layingdown
detailedrulesfortheapplicationofthesystemof
offsettingstoragecostsforsugar(5),aslastamendedby
Regulation(EEC)No1688/74(6),laysdownthatthe
reimbursement shallbefixedper100kgofwhite
sugar;WhereasArticle9ofRegulation (EEC)No750/68
specifiedthattheamountofthelevyshallbecalcu­
latedbydividingtotalanticipatedreimbursements by
theanticipatedquantityofsugarwhichwillbe
disposedofduringthesugarmarketingyearinques­
tionandproducedwithinthemaximumquotas;
whereastotalanticipatedreimbursements aretobe
increasedordecreasedasthecasemaybebythe
amountscarriedforwardfromprecedingsugar
marketingyears;whereasthereisasurplusof17-1
millionunitsofaccountforthemarketingyears
1968/69to1974/75;whereastheanticipatedbalance
forthe1975/76marketingyearmaybeassessedasa
deficitof46-3millionunitsofaccount;whereas
Article3ofRegulation(EEC)No442/70providesthat
thelevyistobefixedper100kgofwhitesugar;
whereasthequantityofCommunitysugarwhichwill
bedisposedofduringthe1976/77marketingyearfor
homeconsumptionorforexportmaybeestimatedat
approximately 10*8millionmetrictonsofsugar
expressedaswhitesugar;whereastheamountofthe
levyshouldthereforebe1-76unitsofaccountper100
kgofwhitesugar;Whereasthefinancingcostsmayatpresentbecalcu­
latedonthebasisofaninterestrateof8%peryear;
whereasinsurancecostsmaybeassessedatfrom1-5
to2permilleperyear;whereasinsurancecostsand
specificstoragecostsmaybetogetherevaluatedat
0-49unitofaccountpermetrictonandpermonth;
(•)OJNoL359,31.12.1974,p.1.
(2)OJNoL167,26.6.1976,p.9.
(3)OJNoL137,21.6.1968,p.4.
(4)OJNoL22,28.1.1971,p.1.WhereastheManagementCommitteeforSugarhas
notdeliveredanopinionwithinthetimelimitsetby
itsChairman,(5)OJNoL55,10.3.1970,p.10.
(<>)OJNoL176,30.6.1974,p.5.

1.7.76 OfficialJournaloftheEuropeanCommunities NoL172/55
HASADOPTEDTHISREGULATION :
Article1
1.Forthe1976/77marketingyear,theamountof
thereimbursement referredtoinArticle8ofRegula­
tion(EEC)No3330/74isherebyfixedat0-27unitof
accountper100kgofwhitesugarpermonth.2.Forthe1976/77marketingyear,theamountof
thelevyreferredtoinArticle8ofRegulation(EEC)
No3330/74isherebyfixedat1-76unitsofaccount
per100kgofwhitesugar.
Article2
ThisRegulationshallenterintoforceon1July1976.
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,30June1976.
FortheCommission
P.J.LARDINOIS
MemberoftheCommission