ARCHIVES HISTORIQUES
DELACOMMISSION
COLLECTION RELIEEDES
DOCUMENTS "COM"
COM(76)146
Vol.1976/0043

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COMMISSION OFTHEEUROPEAN COMMUNITIES
COM(76 )146final
Brussels ,2April 1976
Proposai for a
COUNCIL REGULATION (EEC )
onthe transfer tothe Italian intervention agency
ofcommon wheat held bythe French intervention
agency , <
(submitted totheCouncil bytheCommission )
C0M(76 )146 final

EXPLANATORY NOTE
Re:DraftCouncilRegulation'onthetransfertotheItalianintervention agency
ofcommonwheatheldbytheFrenchintervention agency.
TheItalianauthorities haverequested permission touse100000tofcommon
wheatinintervention intheCommunity inordertomeetsupplydifficulties .
ThemarketpriceforcommonwheatinItalyiswellabovetheintervention price.
Thisisdueontheonehandtothestructural deficitincommonwheatproduction in
Italyandontheotherhandtothespeculative withholdingofstocks,causedby
thedepreciation oftheliraontheexchange markets.Thislatterfactorhasbeen
anobstacle toimportsfromnon-member countries andfromtheCommunity ,
Inordertostabilize themarket,theItalianauthorities ,havetherefore put
partoftheintervention stocks(100000t)outfortenderandtheremaining quan­
titieswillbeputupforsale,butthesemayproveinsufficient .
Inviewofthesupplies available totheFrenchandGermanintervention agencies
itwillbepossibletoput100000tofcommonwheatatthedisposal oftheItalian
intervention agency.
/
Giventhatatthepresenttimearefundof30u,a,/t,isgrantedfortheex­
portofthiscerealandthatmarketpricesinItalyaxe25/30$abovetheintervention
price,thereexistsaprofitmarginfortheEAGGFwhichwouldmakeitpossibleto
coverthetransport costsarisingfromthisoperation withoutanylosstothe
EAGGF.
Thiscalculation isvalidiftransport costsarelimitedbetweenFranceand
Italy,

COUNCIL REGULATION (EEC)
onthetransfertotheItalianintervention agencyofcommonwheatheldby
theFrenchintervention agency
THECOUNCIL OPTHEEUROPEAN COMJNITIES ,
HavingregardtotheTreatyestablishing theEuropean Economic Community ,
HavingregardtoCouncilRegulation (EEC)No2727/75of29October1975on"th0
commonorganization ofthemarketincereals aslastamendedbyRegulation
(EEC)Ho/76andinparticular Article7(4)thereof,
HavingregardtoCouncilRegulation (EEC)No729/70of21April1970onthe
financing ofthecommonagricultural policy aslastamendedbyRegulation
(EEC)No2788/72andinparticular Article3(2)*thereof,
HavingregardtoCouncilRegulation (EEC)Ho2738/75of29Ootober1975 -laying
5downgeneralrulesforintervention onthemarketincereals K/,andinparticu­
larArticle4thereof,
WhereastheItalianmarketforcommonwheatisexperiencing supplydifficulties
andiscurrently characterised byfairlyhighpricelevels;whereasseveral
factorshavegivenrisetothissituation ;theseaxethestructural production
deficitinItaly,speculative retention causedbythedepreciation oftheItalian
Liraontheexchanges andthedecreaseinimportswhichhavebeenmademore
difficult asaresultofthesemonetary events;
Whereasinresponsetothissituation theItalianauthorities haveofferedfor
salepartoftheexistingintervention stocks;whereastheofferforsaleof
thequantity remaining mayturnouttoheinsufficient torestorethesupply
situation tonormal;
(1)OJNoL281,.1.11.1975 ,P.1
(2)OJNoL 1976,p.
(3)OJNoL94,28.4.1970,p.13(4)OJNoL275,30.12.1972 ,p.1
(5)OJNoL281,1.11.1975 ,P.49

Whereasinordertoattainthisobjective partofthequantity ofcommonwheat
whichisstillavailable inintervention intherestoftheCommunity should "be
madeavailable totheItalianintervention agency;whereasacertainamountof
commonwheatisstillheldby,interalia,theFrenchintervention agency;
Whereasdetailedrulesfortakingoverthewheatandforthetransfer ofrespon­
sibility shouldbelaiddownj
Whereasprovision shouldbemadeforthisoperation tobeintegrated intothe
arrangements containedinCouncilRegulation (EEC)Wo787/6922April1969
onthefinancing ofintervention expenditive inrespectofthedomestic market
incerealsandinrice^\aslastamendedbyRegulation (EEC)No330/74^^;
Whereasthisoperation involves .theGuarantee SectionoftheEuropean Agricul­
turalGuidance andGuarantee Fundassuring responsibility fortransport costsj
whereasitisalsoclearthattheCommunity'smonetary Regulations donotapply
tothisoperation ; '
HASADOPTED THISREGULATION :
Article 1 .
TheFrenchintervention agencyshall,-until31May-197",hold100000metric
tonsofcommonwheatatthedisposal oftheItalianintervention agencywhich
maytakedelivery ofitundertheconditions specified inArticle
Article 2
1.TheItalianintervention agencyshalltakedelivery ofthewheatatthe
placeinwhichitisstoredandshallthereupon assumeresponsibility forit.
2.Thedeliveryoperations referredtoin.paragraph 1shallbeassigned by
tender.Suchoperations shallrefertothesupplyofwheatinstockat
thedeparture pointdelivered tothestoreintheItalianportsdesigna-..
tedbytheItalianintervention agency.
Thesuccessful tenderer shallbethetenderer ortenderers whoofferthe
bestterms.
6)OJNoL105,2.5.1969,p.4
7/OJNoL37,9.2.1974,p.5

3.Thetender shall becarried outbytheItalian intervention agency .
TheItalian intervention agency shall determine theclauses andconditions
oftheinvitation totender insofarasthey arecompatible with thepro­
visions ofthis Regulation .They mayprovide for,inparticular ,thelodging
ofasecurity toguarantee thefulfilment oftheobligations under the
tender .They shall also ensure equality ofaccess andtreatment for
allinterested parties wherever they mayheestablished intheCommunity .
4.Tenders must bemade inItalian Lira totheItalian intervention agency .
5.TheItalian authorities shall keep theCommission informed ofthe
operation oftheinvitation totender .
Article 3
1.TheFrench intervention agency shall show thequantity ofcommon wheat
transferred under Article 1asazero debit inthe account referred to
inArticle N3(l)ofRegulation (EEC)Kb787/69-
2.TheItalian intervention agency shall show wheat taken over byitunder
Article 1asazero credit intheaccount referred toinparagraph 1*
Article 4
Thecosts provided forintheinvitation totender referred toinArticle 2
for thequantity ofcommon wheat specified inArticle 1shall beentered in
theaccount referred toinArticle 3(l)ofRegulation (EEC)No787/69*
Article 5
1.TheItalian Republic shall take allnecessary steps toensure that ,when
resold ,thecommon wheat referred toinArticle 1isused exclusively for
themanufacture offoodstuffs tobesupplied tothepopulation .
2.Commission Regulation (EEC)No376/70of27February 1970 laying down the
procedure andconditions forthedisposal ofcereals held byintervention
agencies aslast amended byRegulation (EEC)No129/73 shall
apply tothecommon wheat referred toinArticle 1.
(8)OJNoL47,28.2.1970 ,p.49
(9)OJNoL17,20.1.1973 ,p.17••o//•••

Article 6
ThisRegulation shallenterintoforceon
ThisRegulation shall "be"bindinginitsentirety anddirectlyapplicable
inallMemberStates.
DoneatBrussels , FortheCouncil
ThePrésident

FINANCIAL STATEMENTAr.naxtoDoc.
Date19-3.1976
1,LineofthaBtidgetconcemed:6015
2.ntleoftheaction:p____ ^»Serantf™L^OUnCHfie«ulatit»>on««transfertotheItalianventIonIZcJf^°°™'°n"h6ath8ldtythe*™nohtot"-
3.LégalbasisRégulations 2727/75
729/70
2738/75
».Objectivesofthe«tle»Transferof100000tofcommonwheatheldbytheFrench
intervention agencytotheItalianintervention agency.
5.0Costofthaactiondurir.gthecaspalon carrentexercise[76)Ifollo*lngexerdsef77]
chargetotheECBudget-1.75 -1.75
5.1E.stiiatedcosts Year Year Year
none
5.2Methodofcalculation
1•Currentpossibility Torthe
exportsaleofintervention
stocksinPranceand.Germany.
Netreceiptsafterdeduction
ofrefundsandMCA's:90u.a./t<L»estimateasauemItalymAugust1976atthe
intervention price
3.Estimated savingonthesale
(132.5-90 )=42.5χ100000=
4.Transport costs
25u.a./tx100000 t
5.Estimated saving132.50u.a./t
-4.25million
u.à.
+2.5million u»a
-1.75niillionula
6.1PossiblefinancingbycreditsBrittenintotherelativechapterofthecurrentBudget
Ye* Abe
PossTbTrfrrenct mLbytransfersbetweenchaptersjxf_ihe -correntBudget
Yes No x "––^6#3^eces$fty^or~a~*suppl enentaryBudget
Creditstobe■rittenintofuturebudgets No
"ents:(1)Withouttakingaccountoftheeffectofthedoubleratewhich,
withthetransferat"zero"price,increases theestimated saving.