CELEX: 31971R1708
Language: en
Date: 1971-07-26 00:00:00
Title: Regulation (EEC) No 1708/71 of the Council of 26 July 1971 on the financing of intervention expenditure in respect of the market in flax and hemp

644                                 Official Journal of the European Communities
No L 176/8                          Official Jo.urnal of the European Communities                                 5.8.71
                                 REGULATION (EEC) No 1708/71 OF THE COUNCIL
                                                     of 26 July 1971
               on the financing of intervention expenditure in respect of the market in flax and hemp
THE COUNCIL OF THE EUROPEAN COMMUNITIES ,                       6 ( 1 ) of Regulation No 17/64/EEC and Article 3 ( 1 )
                                                                of Regulation (EEC) No 729/70 ;
Having regard to the Treaty establishing the
European Economic Community;                                    HAS ADOPTED THIS REGULATION :
Having regard to Council Regulation No                                                  Article 1
17/64/EEC1 of 5 February 1964 on the conditions for
granting aid from the European Agricultural                     1.     In pursuance of Article 6 ( 1 ) of Regulation No
Guidance and Guarantee Fund, as last amended by                 17/64/EEC and Article 3 of Regulation (EEC) No
Regulation (EEC) No 2591/70,2 and in particular                 729/70, expenditure resulting from the following
Article 6 (2) thereof;                                          measures in the market in flax and hemp shall be
                                                                financed by the Guarantee Section of the Fund, under
Having regard to Council Regulation (EEC) No                    the conditions laid down in this Regulation :
729/703 of 21 April 1970 on the financing of the
common agricultural policy, and in particular Article           (a) aid pursuant to Article 4 of Regulation (EEC) No
3 (2) thereof;                                                        1308/70 for flax and hemp produced in the
                                                                      Community;
Having regard to the proposal from the Commission ;             (b) interventions in the internal market for flax and
                                                                     hemp fibre of Community origin, carried out
Whereas it is necessary to determine the conditions                  pursuant to Article 5 of Regulation (EEC) No
for granting aid from the Guarantee Section of the                    1308/70 in the form of aid to private storage.
European Agricultural Guidance and Guarantee Fund
(hereinafter called the 'Fund') for Community                   2. Expenditure within the meaning of paragraph 1
financing of intervention expenditure in each sector            shall correspond to the amounts paid pursuant to
of the common organisation of the markets ;                     Articles 4 and 5 of Regulation (EEC) No 1308/70.
Whereas the aid granted under Article 4 of Council                                      Article 2
Regulation (EEC) No 1308/704 on the common
organisation of the market in flax and hemp, and the            This Regulation shall enter into force on the third
aid for private storage granted under Article 5 of that         day following its publication in the Official Journal
Regulation, entail expenditure ; whereas such aid               of the European Communities. It shall take effect on
corresponds to the concept of intervention in Article           1 August 1970.
              This Regulation shall be binding in its entirety and directly applicable in all Member
              States.
              Done at Brussels, 26 July 1971 .
                                                                                      For the Council
                                                                                       The President
                                                                                         A. MORO
1 OJ No  34, 27.2.1964, p. 586/64.
2 OJ No  L 280, 26.12.1970, p. 63 .
3  OJ No L 94, 28.4.1970, p. 13 .
4  OJ No L 146, 4.7.1970, p. 1 .