CELEX: 31976R1575
Language: en
Date: 1976-06-30 00:00:00
Title: Commission Regulation (EEC) No 1575/76 of 30 June 1976 fixing for the 1976/77 marketing year the amounts of the reimbursement and levy in connection with the offsetting of storage costs for sugar

No L 172/54                              Official Journal of the European Communities                               1 . 7. 76
                                    COMMISSION REGULATION (EEC) No 1575/76
                                                         of 30 June 1976
              fixing for the 1976/77 marketing year the amounts of the reimbursement and
                         levy in connection with the offsetting of storage costs for sugar
THE COMMISSION OF THE EUROPEAN                                     Whereas, pursuant to Article 4 of Regulation (EEC)
COMMUNITIES,                                                        No 750/68, the quantity in store to be taken into
                                                                    consideration for the reimbursement of one month's
                                                                   storage costs is equal to the average quantities of sugar
Having regard to the Treaty establishing the European               held in store at the beginning and at the end of the
Economic Community,                                                 month in question ; whereas, for the 1976/77
                                                                    marketing year, the quantities in store each month
                                                                    may be estimated on the basis of anticipated stocks at
Having regard to Council Regulation (EEC) No                        the beginning of that marketing year, estimated
3330/74 of 19 December 1974 on the common organi­                   monthly production, the quantities likely to be
zation of the market in sugar (^ as last amended by                 imported in the month under consideration and the
Regulation (EEC) No 1487/76 (2), and in particular the              quantities likely to be disposed of for domestic
last subparagraph of Article 8 (2) thereof,                         consumption or exported during the same month ;
                                                                    whereas total average monthly stocks during the
                                                                    1976/77 marketing year can be estimated at approxi­
Whereas Article 8 ( 1 ) of Regulation (EEC) No 3330/74              mately 591 million metric tons of sugar expressed as
provides that storage costs for sugar and for certain               white sugar ; whereas the total reimbursement can
Community syrups shall be reimbursed at a flat rate                 thus be estimated at approximately 159-6 million
by the Member States and that Member States shall                   units of account for the 1976/77 marketing year ;
charge a levy on each sugar manufacturer per unit of
weight of sugar marketed ; whereas that paragraph also
provides that the amount of the reimbursement and of
the levy must be the same throughout the Commu­
nity ;                                                              Whereas Article 9 of Regulation (EEC) No 750/68
                                                                    specified that the amount of the levy shall be calcu­
                                                                    lated by dividing total anticipated reimbursements by
Whereas Article 5 of Council Regulation (EEC) No                    the anticipated quantity of sugar which will be
750/68 of 18 June 1968 laying down general rules for                disposed of during the sugar marketing year in ques­
offsetting storage costs for sugar (3), as last amended by          tion and produced within the maximum quotas ;
Regulation (EEC) No 152/71 (4), provided that the                   whereas total anticipated reimbursements are to be
amount of the reimbursement shall be fixed per                      increased or decreased as the case may be by the
month and per unit of weight, taking into account                   amounts carried forward from preceding sugar
costs in respect of financing, insurance and specific               marketing years ; whereas there is a surplus of 17-1
storage ; whereas Article 3 of Commission Regulation                million units of account for the marketing years
(EEC) No 442/70 of 9 March 1970 laying down                          1968/69 to 1974/75 ; whereas the anticipated balance
detailed rules for the application of the system of                  for the 1975/76 marketing year may be assessed as a
offsetting storage costs for sugar (5), as last amended by          deficit of 46-3 million units of account ; whereas
Regulation (EEC) No 1 688/74 (6), lays down that the                Article 3 of Regulation (EEC) No 442/70 provides that
reimbursement shall be fixed per 100 kg of white                    the levy is to be fixed per 1 00 kg of white sugar ;
sugar ;                                                             whereas the quantity of Community sugar which will
                                                                     be disposed of during the 1976/77 marketing year for
                                                                     home consumption or for export may be estimated at
Whereas the financing costs may at present be calcu­                 approximately 1 0*8 million metric tons of sugar
lated on the basis of an interest rate of 8 % per year ;             expressed as white sugar ; whereas the amount of the
whereas insurance costs may be assessed at from 1-5                  levy should therefore be 1 -76 units of account per 100
 to 2 per mille per year ; whereas insurance costs and               kg of white sugar ;
specific storage costs may be together evaluated at
0-49 unit of account per metric ton and per month ;
(•)  OJ No  L 359, 31 . 12. 1974, p. 1 .
(2)  OJ No L  167, 26. 6. 1976, p. 9.
(3)  OJ No L  137, 21 . 6. 1968, p. 4.
(4)  OJ No L  22, 28 . 1 . 1971 , p. 1 .                             Whereas the Management Committee for Sugar has
(5)  OJ No  L 55, 10. 3. 1970, p. 10.                                not delivered an opinion within the time limit set by
(<>) OJ No  L 176, 30. 6. 1974, p. 5.                                its Chairman,
 ---pagebreak--- 1 . 7. 76                       Official Journal of the European Communities                        No L 172/ 55
HAS ADOPTED THIS REGULATION :                              2.   For the 1976/77 marketing year, the amount of
                                                           the levy referred to in Article 8 of Regulation (EEC)
                     Article 1                             No  3330/74 is hereby fixed at 1 -76 units of account
                                                           per 100 kg of white sugar.
1 . For the 1976/77 marketing year, the amount of
the reimbursement referred to in Article 8 of Regula­                             Article 2
tion (EEC) No 3330/74 is hereby fixed at 0-27 unit of
account per 100 kg of white sugar per month.               This Regulation shall enter into force on 1 July 1976.
            This Regulation shall be binding in its entirety and directly applicable in all Member
            States.
            Done at Brussels, 30 June 1976.
                                                                    For the Commission
                                                                      P. J. LARDINOIS
                                                                Member of the Commission