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( 1 ) OJ NO L 94 , 28 . 4 . 1970 , P . 13 .

( 2 ) OJ NO L 295 , 30 . 12 . 1972 , P . 1 .

( 3 ) OJ NO L 105 , 2 . 5 . 1969 , P . 4 .

( 4 ) OJ NO L 66 , 12 . 3 . 1977 , P . 3 .

COUNCIL REGULATION ( EEC ) NO 354/78

OF 20 FEBRUARY 1978

AMENDING COUNCIL REGULATION ( EEC ) NO 787/69 ON THE FINANCING OF INTERVENTION EXPENDITURE IN RESPECT OF THE INTERNAL MARKET IN CEREALS AND RICE

THE COUNCIL OF THE EUROPEAN

COMMUNITIES ,

HAVING REGARD TO THE TREATY ESTABLISHING THE EUROPEAN ECONOMIC COMMUNITY ,

HAVING REGARD TO COUNCIL REGULATION ( EEC ) NO 729/70 OF 21 APRIL 1970 ON THE FINANCING OF THE COMMON AGRICULTURAL POLICY ( 1 ), AS LAST AMENDED BY REGULATION ( EEC ) NO 2788/72 ( 2 ), AND IN PARTICULAR ARTICLE 3 ( 2 ) THEREOF ,

HAVING REGARD TO THE PROPOSAL FROM THE COMMISSION ,

WHEREAS , WITH EFFECT FROM THE 1977/78 MARKETING YEAR , WHEAT OF BREAD-MAKING QUALITY CAN BE BOUGHT IN AT THE REFERENCE PRICE ; WHEREAS FOR THAT REASON THE PROVISIONS OF COUNCIL REGULATION ( EEC ) NO 787/69 OF 22 APRIL 1969 ON THE FINANCING OF INTERVENTION EXPENDITURE IN RESPECT OF THE INTERNAL MARKET IN CEREALS AND RICE ( 3 ), AS LAST AMENDED BY REGULATION ( EEC ) NO 496/77 ( 4 ), WHICH CONCERN THE ACCOUNTS TO BE DRAWN UP IN ORDER TO DETERMINE THE NET LOSS OF THE INTERVENTION AGENCIES SHOULD BE ADAPTED ;

WHEREAS , FOLLOWING TECHNICAL DEVELOPMENTS , ALTERNATIVE PROCESSES TO THE DRYING REFERRED TO IN ARTICLE 4 ( 1 ) OF REGULATION ( EEC ) NO 787/69 HAVE BEEN APPLIED FOR SOME TIME FOR THE PURPOSE OF CONSERVING PRODUCTS IN GOOD CONDITION ; WHEREAS , THEREFORE , THE ARTICLE IN QUESTION SHOULD ALSO COVER SPECIAL COOLING AND HOMOGENIZATION PROCESSES ;

WHEREAS UNDER REGULATION ( EEC ) NO 496/77 A SUBPARAGRAPH ( H ) WAS ADDED TO ARTICLE 4 ( 1 ) OF REGULATION ( EEC ) NO 787/69 ; WHEREAS , SINCE A SUBPARAGRAPH ( H ) ALREADY EXISTS IN REGULATION ( EEC ) NO 787/69 , THE SUBPARAGRAPH ADDED SHOULD BECOME SUBPARAGRAPH ( I ),

HAS ADOPTED THIS REGULATION :

ARTICLE 1

THE WORDS ' OR A REFERENCE PRICE ' SHALL BE ADDED TO THE FIRST SUBPARAGRAPH OF ARTICLE 3 ( 1 ) OF REGULATION ( EEC ) NO 787/69 FOLLOWING THE WORDS ' INTERVENTION PRICE ' .

ARTICLE 2

IN ARTICLE 4 OF REGULATION ( EEC ) NO 787/69 , THE FOLLOWING SHALL BE ADDED TO PARAGRAPH 1 ( A ) AND TO PARAGRAPH 2 ( B ):

' IF A REFERENCE PRICE IS FIXED FOR A GIVEN QUALITY , THE VALUE OF THE QUANTITIES IN STOCK SHALL BE CALCULATED BY MULTIPLYING SUCH QUANTITIES BY THE REFERENCE PRICE VALID ON THE FIRST DAY OF THE CALENDAR YEAR IN QUESTION ; ' .

ARTICLE 3

THE WORDS ' OR WHERE APPROPRIATE THE REFERENCE PRICE ' SHALL BE ADDED TO THE FIRST SUBPARAGRAPH OF ARTICLE 4 ( 2 ) ( C ) OF REGULATION ( EEC ) NO 787/69 FOLLOWING THE WORDS ' BASIC INTERVENTION PRICE ' .

ARTICLE 4

THE FOLLOWING SHALL BE ADDED TO ARTICLE 4 ( 1 ) ( D ) OF REGULATION ( EEC ) NO 787/69 :

' THE SPECIAL COOLING AND HOMOGENIZATION PROCESSES ARE ASSIMILATED TO DRYING ; ' .

ARTICLE 5

IN ARTICLE 4 ( 1 ) OF REGULATION ( EEC ) NO 787/69 SUBPARAGRAPH ( H ) ADDED BY REGULATION ( EEC ) NO 496/77 SHALL BECOME SUBPARAGRAPH ( I ).

ARTICLE 6

THIS REGULATION SHALL ENTER INTO FORCE ON THE THIRD DAY FOLLOWING ITS PUBLICATION IN THE OFFICIAL JOURNAL OF THE EUROPEAN COMMUNITIES .

IT SHALL APPLY WITH EFFECT FROM THE 1977 FINANCIAL YEAR , EXCEPT AS REGARDS ARTICLE 4 , WHICH SHALL APPLY FROM 1 JANUARY 1978 .

THIS REGULATION SHALL BE BINDING IN ITS ENTIRETY AND DIRECTLY APPLICABLE IN ALL MEMBER STATES .

DONE AT BRUSSELS , 20 FEBRUARY 1978 .

FOR THE COUNCIL

THE PRESIDENT

PER HAEKKERUP