CELEX: 31973R0698
Language: en
Date: 1973-03-05 00:00:00
Title: Regulation (EEC) No 698/73 of the Commission of 5 March 1973 amending Regulation (EEC) No 741/72 on the method and rate of interest to be used for calculating financing costs in connection with interventions on the internal markets in beef and veal and milk and milk products

No L 67/ 10                                Official Journal of the European Communities                              14 . 3 . 73
                                  REGULATION (EEC) No 698/73 OF THE COMMISSION
                                                           of 5 March 1973
               amending Regulation (EEC) No 741/72 on the method and rate of interest to be used
               for calculating financing costs in connection with interventions on the internal markets
                                            in beef and veal and milk and milk products
THE COMMISSION OF THE EUROPEAN                                        Whereas it is desirable that the two calculations
COMMUNITIES ,                                                         should' be based on the same principles and effected
                                                                      as uniformly as possible in tlhe different sectors of
Having regard to the Treaty establishing the Euro­                    the common organization of the markets ;
pean Economic Community ;
Having regard to Council Regulation No                                Whereas Article 2 (3 ) of Regulation (EEC) No
17/64/EEC <( 1) of 5 February 1964 on the conditions                  741 /72 concerning the calculating of average stock
                                                                      should, therefore, be amended ;
for granting aid from the European Agricultural
Guidance and Guarantee Fund, as last amended by                       Whereas the measures provided for in this Regula­
Regulation (EEC) No 847/72 (2 ) ;                                     tion are in accordance with the Opinion of the
Having regard to Council Regulation (EEC ) No 729/                    Committee of the Fund ;
70 (3) of 21 April 1970 on the financing of the
common agricultural policy, as last amended by                        HAS ADOPTED THIS REGULATION :
Regulation (EEC) No 2788/72 (4) ;
Having regand to Council Regulation (EEC) No                                                   Article 1
2305/70 (5) of 10 November 1970 on the financing
of intervention expenditure on the internal market                    Article 2 (3 ) of Regulation ( EEC ) No 741 /72 is
in beef and veal, and in particular Article 3 ( 1 ) ( g)              replaced by the following :
thereof ;
                                                                          '3 . The average stock for the period shall be
Having regard to Council Regulation (EEC) No                              calculated by adding together the sum of the
2306/70 (6) of 10 November 1970 on the financing                           stocks at the beginning of each month and the
of intervention expenditure on the internal market                        sum of the stocks at the end of each month, and .
in milk and milk products, as last amended by                             dividing the total so obtained by a number
Council Regulation ( EEC) No 2681 /72 (7), and in                         equal to twice the number of months in the
particular Articles 4, 5 and 6 ( 1 ) (g) thereof ;                        period .'
Whereas, pursuant to Article 3 ( 1 ) (g) of Regulation                                         Article 2
(EEC) No 2305/70 and to Articles 4, 5 and 6 ( 1 ) (g)
of Regulation (EEC) No 2306/70, the Commission,                       This Regulation shall enter into force on the third
by Regulation (EEC) No 741 /72 (8), laid down a                        day following its publication in the Official Journal
method and rate of interest to be used for calcu­                     of the European Communities.
lating    costs   in     connection        with    interventions
involving buying-in and storage costs ;                               It shall apply as from the period 1968/ 1969 .
                This Regulation shall be binding in its entirety and directly applicable in all Member
               States .
               Done at Brussels, 5 March 1973 .
                                                                                For the Commission
                                                                                    The President
                                                                               Francois-Xavier ORTOLI
(*)  OJ No   34, 27. 2. 1964, p . 586/64.
(■)  OJ No   L 100, 27. 4. 1972, p. 4.
(8)  OJ No   L 94, 28 . 4 . 1970, p. 13 .
( 4) OJ No   L 295 , 30. 12. 1972 , p. 1 .
(s)  OJ No   L 249, 17. 11 . 1970, p. 1 .
(•)  OJ No   L 249, 17. 11 . 1970, p. 4.
( 7) OJ No   L 289, 27 . 12 . 1972, p. 12 .
(8 ) OJ No   L 87, 13 . 4 . 1972, p. 12 .