TASK DEFINITION: In this task, you are provided with an article about the legal acts. Your task is to generate a headline for that article.
PROBLEM: In all cases where a loan is granted at a reduced rate of interest or where an interest rebate is not stated in advance to be a rebate of a specific number of percentage points, the amount of the reduction in the interest rate or of the rebate shall be calculated on the basis of a reference rate. The reference rates for the Member States mentioned below shall be as follows:Belgium : rate for loans of 10 years and over granted by the Société Nationale de Crédit à l Industrie;Denmark : rate for loans granted by the European Investment Bank increased by 1.5 percentage points;France : rate for loans for plant and machinery granted by the Crédit National;Italy : reference rate fixed by the State for the payment of interest rebates to credit institutions;Federal Republic of Germany : rate for 10-year loans (programme M I and M II) granted by the Kreditanstalt für Wiederaufbau;United Kingdom : rate of interest known as the 'broad commercial rate'. In each case the reference rate in force on the day of the decision to grant the interest rebate or the reduced interest loan shall be used. This rate shall be indicated in the request for assistance from the Fund. This Regulation shall enter into force on the fifth day following its publication in the Official Journal of the European Communities.This Regulation shall be binding in its entirety and directly applicable in all Member States.

SOLUTION: Regulation on the calculation of aids in the form of loans at reduced rates of interest or of interest rebates which are not specified in percentage points

PROBLEM: Article 3 (2) of Regulation (EEC) No 619/71 is replaced by the following:'2. For flax grown mainly for fibre, half of the aid shall be granted to the grower and the other half to any natural or legal person who has concluded with the grower before a date to be determined a contract by which it obtains property in the straw flax.However, the whole of the aid shall be granted to the grower when:    (a) the said contract has not been concluded before the abovementioned date, or(b) the grower as defined in Article 3 (a) (a) processes the straw flax or has it processed on his own account, or(c) the grower meets the conditions set out in Article 3 (a) (b).' Article 3 (a), as set out below, shall be added to Regulation (EEC) No 619/71:'Article 3 (a)For the purpose of this Regulation, a 'grower' shall mean any natural or legal person who:    (a) produces flax or hemp on his own holding, or(b) has concluded, before sowing, a contract with an owner or farmer for the production of flax grown mainly for fibre, under which the owner or farmer  (1)OJ No L 146, 4.7.1970, p. 1. (2)OJ No L 73, 27.3.1972, p. 14. (3)OJ No L 72, 26.3.1971, p. 2.      - renounces all rights of ownership in the harvest;- receives in return a fixed sum per hectare, determined at the time of concluding the contract.' This Regulation shall enter into force on the day following its publication in the Official Journal of the European Communities.It shall apply from the 1974/75 marketing year.This Regulation shall be binding in its entirety and directly applicable in all Member States.

SOLUTION: Regulation amending Regulation (EEC) No 619/71 laying down general rules for granting aid for flax and hemp

PROBLEM: 1. Exemption from turnover tax and excise duty on imports shall apply, as regards travel between third countries and the Community, to goods in travellers' personal luggage, if such imports have no commercial character and the total value of the goods does not exceed 25 units of account per person.2. Member States may reduce this exemption to 10 units of account for travellers under fifteen years old.3. Where the total value per person of several items exceeds 25 units of account or the amount fixed pursuant to paragraph 2, as the case may be, exemption up to these amounts shall be granted for such of the items as would, if imported separately, have been granted exemption, it being understood that the value of an individual item cannot be split up. 1. Exemption from turnover tax and excise duty on imports shall apply, as regards travel between Member States, to goods in travellers' personal luggage which fulfil the conditions laid down in Articles 9 and 10 of the Treaty, if such imports have no commercial character and the total value of the goods does not exceed 75 units of account per person. This exemption shall be granted also where  the travel includes transit through territory other than that of a Member State.2. Member States may reduce this exemption to 20 units of account for travellers under fifteen years old.3. Where the total value per person of several items exceeds 75 units of account or the amount fixed pursuant to paragraph 2, as the case may be, exemption up to these amounts shall be granted for such of the items as would, if imported separately, have been granted exemption, it being understood that the value of an individual item cannot be split up. For the purposes of this Directive: 1. The value of personal effects which are imported temporarily or are re-imported following their temporary export shall not be taken into consideration for determining the exemption referred to in Articles 1 and 2.2. Importations shall be regarded as having no commercial character if they:(a) take place occasionally, and(b) consist exclusively of goods for the personal or family use of the travellers, or of goods intended as presents ; the nature or quantity of such goods must not be such as might indicate that they are being imported for commercial reasons. 1. Without prejudice to national provisions applicable to travellers whose residence is outside Europe, each Member State shall set the following quantitative limits for exemptions from turnover tax and excise duty of the goods listed below: (a) Tobacco products:200 cigarettesor 100 cigarillos (cigars of a maximum weight of 3 grammes each)or 50 cigarsor 250 grammes of smoking tobacco(b) alcoholic beverages:- distilled beverages and spirits of an alcoholic strength exceeding 22ยบ : 1 standard bottle (0.70 to 1 litre)or- distilled beverages and spirits, and aperitifs with a wine or alcohol base of an alcoholic strength not exceeding 22ยบ ; sparkling wines, fortified wines : to a total of 2 litresand- still wines : to a total of 2 litres(c) Perfumes : 50 grammesandtoilet waters : 1/4 litre(d) Coffee : 500 grammesor coffee extracts and essences : 200 grammes(e) Tea : 100 grammesor tea extracts and essences : 40 grammes2. Exemption for the goods mentioned in paragraph 1 (a), (b) and (d) shall not be granted to travellers under fifteen years old.3. Within the quantitative limits set in paragraph 1 and taking account of the restrictions in paragraph 2, the value of the goods listed in paragraph 1 shall not be taken into consideration in determining the exemption referred to in Articles 1 and 2. 1. Member States may set lower limits as to value and/or quantity for the exemption of goods when they are imported- in frontier zone travel- by the crew of the means of transport used in international travel- by members of the armed forces of a Member State, including civilian personnel and spouses and dependent children, stationed in another Member State.2. Member States may exclude from exemption goods falling within headings Nos 71.07 and 71.08 of the Common Customs Tariff.3. Member States may reduce the quantities of the goods referred to in Article 4 (1) (a) and (d) for travellers coming from a third country who enter a Member State. Member States shall take appropriate measures to avoid remission of tax being granted for deliveries to travellers whose domicile, habitual residence or place of work is situated in a Member State and who benefit from the arrangements provided for in this Directive. Member States may round off the amount in national currency resulting from the conversion of the amounts in units of account stated in Articles 1 and 2. 1. Member States shall bring into force not later than 1 January 1970 the measures necessary to comply with this Directive.2. Each Member State shall inform the Commission of the measures which it adopts to implement this Directive.The Commission shall communicate such information to the other Member States. This Directive is addressed to the Member States.

SOLUTION:
Council Directive on the harmonisation of provisions laid down by Law, Regulation or Administrative Action relating to exemption from turnover tax and excise duty on imports in international travel