CELEX: 31976R0778
Language: en
Date: 1976-04-05 00:00:00
Title: Commission Regulation (EEC) No 778/76 of 5 April 1976 amending Regulation (EEC) No 685/69 on detailed rules of application for intervention on the market in butter and cream

No L 91 / 14                         Official Journal of the European Communities                              6. 4. 76
                                   COMMISSION REGULATION (EEC) No 778/76
                                                       of 5 April 1976
               amending Regulation (EEC) No 685/69 on detailed rules of application for inter­
                                      vention on the market in butter and cream
 THE COMMISSION OF THE EUROPEAN                                  (b) the amount '0-25 unit of account under (b) is
 COMMUNITIES,                                                        hereby replaced by '0-275 unit of account' ;
 Having regard to the Treaty establishing the European           (c) the rate of interest * 10-5 % ' under (c) is hereby
  Economic Community,                                                replaced by '9 % '.
 Having regard to Council Regulation (EEC) No
 804/68 of 27 June 1968 on the common organization                                       Article 2
 of the market in milk and milk products ('), as last
 amended by Regulation (EEC) No 559/76 (2), and in               In Article 24 ( 1 ) of Regulation (EEC) No 685/69 :
 particular Article 6 (7) thereof,
                                                                 — the provisions under (a), (b) and (c) are hereby
 Whereas Articles 6 and 24 of Commission Regulation                  replaced by the following :
 (EEC) No 685/69 of 14 April 1969 on detailed rules of
                                                                     '(a) 14-50 units of account for fixed costs ;
 application for intervention on the market in butter
 and cream (3), as last amended by Regulation (EEC)                   (b) 0-275 unit of account per day for costs of
 No 1610/75 (4), specify the various amounts to be                        storage in coldstore ;
 allowed in respect of storage charges and the rate of                (c) an amount per day of storage calculated on
 interest for finance costs ; whereas the amount of                       the basis of the buying-in price for butter
 these items should be altered to take account of                         applied by the intervention agency in the
 changing costs and of the state of the market in butter                  Member State concerned on the day on which
 in the Community ;                                                       the contract is concluded, and of rate of
 Whereas the measures provided for in this Regulation                     interest of 9 % per annum .'
 are in accordance with the opinion of the Manage­               — the amount '30 units of account' under (d) is
 ment Committee for Milk and Milk Products,
                                                                     hereby replaced by '28 units of account'.
 HAS ADOPTED THIS REGULATION :
                                                                                         Article 3
                          Article 1                              This Regulation shall enter into force on the day of its
 In Article 6 (2) of Regulation (EEC) No 685/69 :
                                                                 publication in the Official Journal of the European
                                                                 Communities.
 (a) the amount ' 13 units of account' under (a) is hereby
      replaced by ' 14-50 units of account';                     It shall apply with effect from 1 April 1976.
               This Regulation shall be binding in its entirety and directly applicable in all Member
               States .
               Done at Brussels, 5 April 1976.
                                                                           For the Commission
                                                                              P.J. LARDINOIS
                                                                       Member of the ' Commission
(») OJ No L 148 , 28 . 6. 1968 , p. 13.
0 OJ No L 67, 15. 3. 1976, p. 9.
$ OJ No L 90, 15. 4. 1969, p. 12.
(4) OJ No L 164, 27. 6. 1975, p. 16.