No C 152/8 Official Journal of the European Communities 10. 6. 88 
3. (a) The Commission shall adopt the intended measures when they are in accordance 
with the Committee's opinion. 
(b) Where the intended measures are not in accordance with the opinion of the 
Committee, or in the absence of any opinion, the Commission shall forthwith 
submit to the Council a proposal relating to the measures to be taken. The Council 
shall act by a qualified majority. 
If, on the expiry of three months from the date on which the matter was referred to 
it, the Council has not acted, the proposed measures shall be adopted by the 
Commission.' 
Proposal for a Council Regulation (EEC) amending Regulation (EEC) No 729/70 on the 
financing of the common agricultural policy 
COM(88) 230 final 
(Submitted by the Commission on 27 April 1988) 
(88/C 152/11) 
THE COUNCIL OF THE EUROPEAN COMMUNITIES, 
Having regard to the Treaty establishing the European 
Economic Community, and in particular Article 43 
thereof, 
Having regard to the proposal from the Commission, 
In cooperation with the European Parliament, 
Whereas by Regulation (EEC) No 3183 ('), the Council 
adapted its Regulation (EEC) No 729/70 of 21 April on 
the financing of the common agricultural policy (2) with 
a view to enabling the Community to ensure the 
financing of the expenditure provided for in the various 
Regulations on the common market organizations in 
situations where relevant available appropriations are 
exhausted; whereas the adaptation consists essentially in 
a two-month delay between fundings by the Member 
States from their own financial resources and the 
booking of such expenditure by the advance payments 
made to the Member States by the Community; 
Whereas, with a view to ensuring continuity of the 
payments provided for by the various marked organiz­
ations, the two-month delay introduced by Regulation 
(EEC) No 3183/87 should be extended to two-and-
a-half months, 
HAS ADOPTED THIS REGULATION: 
Article 1 
Regulation (EEC) No 729/70 is hereby amended as 
follows: 1. The following words in the last subparagraph of 
Article 4 (2) are deleted: 
'and until the adoption of final arrangements in 
conjunction with the decisions concerning the future 
financing of the Community.' 
2. The last subparagraph of Article 5 (2) (a) is replaced 
by the following: 
'From January 1988, the Commission shall decide 
solely on monthly advances against booking of expen­
diture effected from the financial resources referred 
to in the third subparagraph of Article 4 (2). Expen­
diture for October shall be attached to October if it is 
effected from 1 to 15 October and to November if it 
is effected from 16 to 31 October. Advance payments 
shall be made before the 20th of the second month 
following that in which the expenditure is disbursed 
by the paying agencies. However, advance payments 
against booking of expenditure effected from 16 
October to 30 November shall be paid not later than 
the third working day in January.' 
Article 2 
This Regulation shall enter into force on the third day 
following its publication in the Official Journal of the 
European Communities. 
This Regulation shall apply for the first time to expen­
diture for October 1988. 
This Regulation shall be binding in its entirety and 
directly applicable in all Member States. 
(") OJ No L 304, 27. 10. 1987, p. 1. 
(2) OJ No L 94, 28. 4. 1970, p. 13.