CELEX: 31973R0367
Language: en
Date: 1973-01-31 00:00:00
Title: Regulation (EEC) No 367/73 of the Commission of 31 January 1973 amending, as regards its application in the new Member States, Regulation (EEC) No 1493/71 on price increases and reductions applicable to intervention in cereals

12 . 2 . 73                               Official Journal of the European Communities                            No L 39 /27
                                REGULATION (EEC) No 367/73 OF THE COMMISSION
                                                       of 31 January 1973
               amending, as regards its application in the new Member States, Regulation (EEC) No
                   1493/71 on price increases and reductions applicable to intervention in cereals
THE COMMISSION OF THE EUROPEAN                                       prices ruling in the new Member States ; whereas to
COMMUNITIES ,                                                        this end a price equal to the basic intervention price
                                                                     reduced by the compensatory amount applicable to
                                                                     each of the cereals in question should be adopted as
                                                                     the basis for calculation ;
Having regard to the Treaty establishing the European
Economic Community ;
                                                                     Whereas the measures provided for in this Regulation
                                                                     are in accordance with the Opinion of the Manage­
Having regard to Council Regulation No 120/67/                       ment Committee for Cereals ;
EEC ( 1 ) of 13 June 1967 on the common organization
of the market in cereals, as last amended by the                     HAS ADOPTED THIS REGULATION :
Act ( 2) annexed to the Treaty ( 3) concerning the Acces­
sion of new Member States to the European Econo­                                               Article 1
mic Community and the European Atomic Energy
Community, signed at Brussels on 22 January 1972,                    The following subparagraph shall be added to
and in particular Article 7 (5 ) thereof;                            Article 2 ( 1 ) of Regulation (EEC) No 1493/71 :
                                                                         'However for the application in the new Member
Whereas, pursuant to Article 57 of the Act, in fixing                    States until the 31 December 1977 of the provision
the level of the various elements of the price and in­                   specified in the preceding paragraph, the basic
tervention system, except for intervention prices, ac­                   intervention price shall be reduced by the com­
count is to be taken, to the extent necessary for the                    pensatory amount applicable, as regards each
proper functioning of Community rules, of the differ­                    Member State, to trade in the cereal in question
ence in prices expressed by the compensatory amount;                     with the Community as originally constituted. '
Whereas Article 2 of Commission Regulation (EEC)                                               Article 2
No 1493/71 (4) of 13 July 1971 on price increases and
reductions applicable to intervention in cereals,                    This Regulation shall enter into force on the day of
adopted the basic intervention price as the basis for                its publication in the Official Journal of the European
                                                                      Communities .
calculating the percentages provided for ; whereas this
price must be adjusted by reference to reduction
corresponding to that applied to derived intervention                This Regulation shall apply from 1 February 1973 .
               This Regulation shall be binding in its entirety and directly applicable in all Member
               States .
               Done at Brussels , 31 January 1973 .
                                                                                      For the Commission
                                                                                           The President
                                                                                     Francois-Xavier ORTOLI
 (*) OJ   No 117, 19. 6. 1967, p . 2269/67.
 (2) OJ   No L 73 , 27. 3 . 1972, p. 14.
 (3) OJ   No L 73 , 27. 3 . 1972, p. 5.
 (4) OJ   No L 157, 14. 7. 1971 , p. 21 .