Commission Regulation (EC) No 1519/1999 of 12 July 1999 fixing depreciation percentages to be applied when agricultural products are bought in, for the 2000 financial year
Date: 1999-07-12
Institutions: European Commission
Subjects: agricultural product, devaluation, intervention buying, purchase price, ratio, selling price

L 177/8

EN

Official Journal of the European Communities

13. 7. 1999

COMMISSION REGULATION (EC) No 1519/1999

of 12 July 1999

fixing depreciation percentages to be applied when agricultural products are bought in, for the
2000 financial year

THE COMMISSION OF THE EUROPEAN COMMUNITIES,

Having regard to the Treaty establishing the European
Community,

Having regard to Council Regulation (EEC) No 1883/78 of 2
August 1978 laying down general rules for the financing of
interventions by the European Agricultural Guidance and Guar-
antee Fund, Guarantee Section (1), as last amended by Regula-
tion (EC) No 1259/96 (2), and in particular Article 8 thereof,

(1) Whereas, pursuant to Article 8 of Regulation (EEC) No
1883/78, systematic depreciation of public intervention
agricultural products must take place when they are
bought in; whereas accordingly the Commission deter-
mines the depreciation percentage for each product
concerned before the beginning of each year; whereas
such percentage shall not exceed the difference between
the buying(cid:246)in price and the foreseeable disposal price
for each of these products;

(2) Whereas, pursuant to Article 8(3) of Regulation (EEC)
No 1883/78, the Commission may, at its discretion,
the time of buying in to a
restrict depreciation at
proportion of
this depreciation percentage, but such
proportion may not be less than 70 %; whereas, coeffi-
cients to be applied also for the 2000 financial year by
the intervention agencies to the monthly buying(cid:246)in
values of products should be fixed, to enable the agen-
cies to establish the depreciation amounts;

(3) Whereas the measures provided for in this Regulation
the EAGGF

are in accordance with the opinion of
Committee,

HAS ADOPTED THIS REGULATION:

Article 1

In respect of the products listed in the Annex, which, having
been bought in by public intervention have entered store or
been taken over by the intervention agencies between 1
October 1999 and 30 September 2000, the authorities shall
depreciate their value to account for the difference between the
buying(cid:246)in prices and the foreseeable selling prices of the rele-
vant products.

Article 2

To establish the amount of the depreciation, the intervention
agencies shall apply to the values of the products bought in
every month the coefficients set out in the Annex.

The expenditure amounts determined in this way shall be
notified to the Commission under the declarations established
pursuant to Commission Regulation (EC) No 296/96 (3).

Article 3

This Regulation shall enter into force on the seventh day
following its publication in the Official Journal of the European
Communities.

It shall apply from 1 October 1999 onwards.

This Regulation shall be binding in its entirety and directly applicable in all Member States.

Done at Brussels, 12 July 1999.

For the Commission

Franz FISCHLER

Member of the Commission

(1) OJ L 216, 5.8.1978, p. 1.
(2) OJ L 163, 2.7.1996, p. 10.

(3) OJ L 39, 17.2.1996, p. 5.

13. 7. 1999

EN

Official Journal of the European Communities

L 177/9

‘k' coefficients (Article 8(3) of Regulation (EEC) No 1883/78) to be applied to the monthly buying-in values

ANNEX

Products

Breadmaking common wheat

Durum wheat

Barley

Rye

Maize

Sorghum

Paddy rice

Butter

Skimmed-milk powder

Beef

Alcohol as referred to in Article 40(1) of Regulation (EEC) No 822/87 (1)

(1) OJ L 84 of 27.3.1987, p. 1.

‘k'

0,15

0,00

0,30

0,35

0,20

0,20

0,25

0,50

0,45

0,60

0,70