CELEX: 31967Q0640
Language: en
Date: 1967-10-24 00:00:00
Title: 67/640/EEC: Financial Regulation of the Council of 24 October 1967 amending the Financial Regulation on the European Agricultural Guidance and Guarantee Fund

28                                       Official Journal of the European Communities
25.10.67                        OFFICIAL JOURNAL OF THE EUROPEAN COMMUNITIES                                          No 258/1 1
                                      FINANCIAL REGULATION OF THE COUNCIL
                                                       of 24 October 1967
              amending the Financial Regulation on the European Agricultural Guidance and Guarantee
                                                              Fund
                                                          (67/640/EEC)
THE COUNCIL OF THE EUROPEAN COMMUNITIES.                                  ods 1967/68 and 1968/69, the assets of the Guaran­
                                                                          tee Section shall be entered in the Budget of the first
Having regard to the Treaty establishing the European                     financial year following the opening of each of the
Economic Community, and in particular Article 209                         Fund's accounting periods.'
thereof:
Having regard to the proposal from the Commission:                  2. The following shall be substituted for Article
                                                                    4 (2) (a):
Having regard to the Opinion of the European                            '(a) as regards the Guarantee Section, to reimburse to
Parliament1;                                                                   Member States the expenditure eligible in re­
                                                                               spects of the accounting period concerned.'
Whereas the procedure laid down in Articles 8, 9 and 10
of Regulation No 17/64/EEC2 has been amended by
Regulation No 741/67/EEC 3 in order to hasten the tak­
                                                                                                Article 2
ing over of responsibility by the Fund for expenditure in
the Guarantee Section :                                             From the 1964/65 " accounting period, the following
                                                                    shall be substituted for Article 10 of the Financial
Whereas for the same purpose the provisions of Articles             Regulation :
4 and 10 of the Financial Regulation4 on the European
                                                                        ' 1 . For the purposes of settling accounts, granting
Agricultural Guidance and Guarantee Fund should be
                                                                          authority to pay . and payment of expenditure relat­
adapted to the new procedure;
                                                                       . ing to the Guarantee Section, the Commission shall
                                                                          keep an account for each Member State in respect of
Whereas, if the financial operations relating to the Guar­                each accounting period. Such account shall be :
antee Section of the Fund are to take place smoothly,
dates must be fixed for notification of the debit or credit                 - credited with the amounts to be reimbursed to
balances of the accounts kept by the Commission in the                        that Member State pursuant to the decisions tak­
names of Member States .                                                      en in accordance with Article 10 of Regulation
                                                                              No 17/64/EEC ;
HAS ADOPTED THIS REGULATION :
                                                                            - debited with the contributions of that Member
                                                                              State, calculated according to the provisions ap­
                            Article 1                                         plying to the accounting period in question , on
                                                                              the basis of the information available at the time
 1 . The following shall be substituted for the first sub­                    of the decision .
paragraph of Article 4( 1 ) of the Financial Regulation on
the European Agricultural Guidance and Guarantee                         ,2 . On the final dates laid down in Article 10 of
Fund :                                                                    Regulation No 17/64/EEC, the Commission shall
                                                                          notify each Member State^ of the debit or credit
     1 . Assets shall be entered in the Budget of the first               balance of its account.
     financial year following the end of each of the                      3. The accounts provided for in paragraph 1 above
     Fund's accounting periods for the Guarantee and                       shall be kept and balanced in units of accounts.'
     Guidance Sections ; however, for the accounting peri­
1 OJ No 192, 11 . 8. 1967. p. 10                                                                Article 3
2 OJ No 34, 27.2.1964. p. 586/64.
3 OJ No 258. 25.10. 1967. p. 2                                       After the words ' in Article 7 ( 1) of Regulation No 25' in
4 OJ No 34, 27.2.1964, p. 599/64.                                    Article 6, the following shall be inserted :
 ---pagebreak---                                        Official Journal of the European Communities                              29
    \ . . .and in Articles 3 and 1 1 of Regulation No 130/        Done at Luxembourg, 24 October 1967.
   66/EEC;
                          Article 4
                                                                                                 For the Council
This Regulation shall enter into force on the day of its
publication in the Official Journal of the European                                               The President
Communities.                                                                                      K. SCHILLER