NECESSARY THAT THE MEMBER STATE APPROVE PROJECTS TO BE FINANCED BY THE FUND AND ALSO CONTRIBUTE TOWARDS THEIR FINANCING ;
WHEREAS , IN ORDER TO ENSURE THAT BENEFICIARIES COMPLY WITH THE CONDITIONS IMPOSED AT THE TIME AID FROM THE FUND IS GRANTED , A PROCEDURE SHOULD BE LAID DOWN FOR AN EFFECTIVE CHECK AND FOR THE POSSIBILITY OF SUSPENDING , REDUCING OR DISCONTINUING AID FROM THE FUND ;
WHEREAS AID FROM THE FUND IN THE FORM OF A CAPITAL GRANT OF NOT MORE THAN 50 % OF THE AMOUNT OF THE INVESTMENT CONSTITUTES AN APPROPRIATE CONTRIBUTION TO THE IMPLEMENTATION THEREOF ;
WHEREAS AID FROM THE FUND MUST NOT AFFECT OR BE OF SUCH A KIND AS TO AFFECT CONDITIONS OF COMPETITION IN A MANNER INCOMPATIBLE WITH THE PRINCIPLES OF THE TREATY ; WHEREAS , FOR THIS PURPOSE IN PARTICULAR , IT MUST NEITHER REINFORCE NOR CREATE A DOMINANT POSITION IN THE COMMON MARKET OR IN A SUBSTANTIAL PART THEREOF , SAVE WHERE THIS PROVES NECESSARY FOR ATTAINING THE AIMS OF THIS REGULATION ;
WHEREAS AID FROM THE FUND OVER A PERIOD OF FOUR YEARS AMOUNTING TO AN ESTIMATED SIX MILLION ECU MAY PERMIT THE OBJECTIVE PURSUED BY THE COMMON MEASURE TO BE ATTAINED ;
WHEREAS , FOR THE APPROVAL OF PROJECTS , A PROCEDURE SHOULD BE LAID DOWN ENSURING CLOSE COOPERATION BETWEEN MEMBER STATES AND THE COMMISSION WITHIN THE STANDING COMMITTEE ON AGRICULTURAL STRUCTURES , SET UP BY ARTICLE 1 OF THE COUNCIL DECISION OF 4 DECEMBER 1962 ON THE COORDINATION OF AGRICULTURAL STRUCTURAL POLICIES ( 5 ) ; WHEREAS PROVISION SHOULD ALSO BE MADE FOR THE FUND COMMITTEE REFERRED TO IN ARTICLE 11 OF REGULATION ( EEC ) NO 729/70 TO BE CONSULTED ,
HAS ADOPTED THIS REGULATION :
ARTICLE 1
1 . IN ORDER TO IMPROVE THE STRUCTURAL SITUATION OF FARMS DEPENDING ON ANIMAL FEED IN NORTHERN IRELAND , A COMMON MEASURE IS HEREBY INTRODUCED FOR THE PURPOSE OF BRINGING ABOUT THE MODERNIZATION AND RATIONALIZATION OF ENTERPRISES DEALING WITH TREATMENT , PROCESSING AND MARKETING IN THE ANIMAL FEED SECTOR .
2 . ALL THE MEASURES PROVIDED FOR IN THIS REGULATION SHALL CONSTITUTE A COMMON MEASURE WITHIN THE MEANING OF ARTICLE 6 ( 1 ) OF REGULATION ( EEC ) NO 729/70 .
3 . IN ACCORDANCE WITH THE PROVISIONS OF TITLES II AND III , THE COMMISSION MAY GRANT AID FOR THE COMMON MEASURE BY FINANCING PROJECTS WHICH SATISFY THE CONDITIONS OF TITLE I THROUGH THE EUROPEAN AGRICULTURAL GUIDANCE AND GUARANTEE FUND , GUIDANCE SECTION , HEREINAFTER REFERRED TO AS " THE FUND " .
TITLE I
PROJECTS
ARTICLE 2
1 . WITHIN THE MEANING OF THIS REGULATION , " PROJECT " MEANS ANY PROJECT INVOLVING PUBLIC , SEMI-PUBLIC OR PRIVATE MATERIAL INVESTMENT RELATING WHOLLY OR IN PART TO BUILDINGS AND / OR EQUIPMENT INTENDED IN PARTICULAR FOR :
( A ) RATIONALIZING OR DEVELOPING FACILITIES FOR STORING , TREATMENT OR PROCESSING OF THE PRODUCTS OF THE SECTOR REFERRED TO IN ARTICLE 1 ( 1 ) , INCLUDING