CELEX: 31974R2803
Language: en
Date: 1974-11-07 00:00:00
Title: Regulation (EEC) No 2803/74 of the Council of 7 November 1974 amending Regulation (EEC) No 1967/74 with a view to authorizing certain Member States to grant an interest subsidy on loans advanced for the retention of young cattle on the farm

8 . 11 . 74                            Official Journal of the European Communities                             No L 300/ 1
                                                               I
                                            (Acts whose publication is obligatory)
                              REGULATION (EEC) No 2803/74 OF THE COUNCIL
                                                    of 7 November 1974
               amending Regulation ( EEC) No 1967/74 with a view to authorizing certain
                Member States to grant an interest subsidy on loans advanced for the retention
                                                of young cattle on the farm
THE COUNCIL OF THE EUROPEAN ,                                     it seems unnecessary therefore to provide for the
COMMUNITIES,                                                      granting of an interest subsidy in the areas where the
                                                                  system is applied ;
Having regard to the Treaty establishing the European
Economic Community ;                                              Whereas the measure provided for in this Regulation
                                                                  will have no effect on financial charge to the Commu­
Having regard to Council Regulation (EEC) No                      nity as defined in Council Regulation (EEC) No
805/68 ( l ) of 27 June 1968 on the common organiza­              2504/74 (5) of 2 October 1974 relating to the
tion of the market in beef and veal , as last amended             financing of the system of premiums for the orderly
by Regulation (EEC) No 1 855/74 (2), and in particular            marketing of certain adult bovine animals for
Article 22a (2) thereof ;                                         slaughter, and for the retention of cattle,
Having regard to the proposal from the Commission ;
Whereas Regulation (EEC) No 1 967/74 (3), as                      HAS ADOPTED THIS REGULATION :
amended by Regulation (EEC) No 2502/74 (4), intro­
duced a system of premiums for the orderly
marketing of adult bovine animals for slaughter ;                                               Article 1
whereas this premium , which is intended to
encourage producers to retain their animals for an
additional period of time before slaughter, is only               The following Article is added to Regulation (EEC)
granted at the time of slaughter ;                                No 1967/ 74 :
Whereas, as a result of the high costs of animal food­
stuffs and of finance, small producers, in particular,                   ' Article 4a
could experience difficulties . in delaying marketing
with a view to benefiting from this premium ; whereas                     1.    Member States which grant, under Article 1 ,
 it seems appropriate therefore to provide for the                       a premium of an amount lower than the
granting of an interest subsidy, within the present                      maximum amounts referred to in Article 2 and in
system , intended to contribute towards achieving the                    which the market price of adult bovine animals,
aims of Regulation (EEC) No 1967/74 ;                                     recorded pursuant to Article 10 (5) of Regulation
                                                                         ( EEC) No 805/ 68 and applicable to determine the
Whereas the grant of the interest subsidy should be                      levies valid for the week beginning 4 November
 limited to producers whose farms are situated in a                       1974, is lower than 60 units of account for 100 kg
Member State in which the market price is at present                     live weight, are authorized to grant an interest
at a particularly low level ;                                            subsidy on loans advanced with the aim of
                                                                          retaining young cattle on the farm , using national
Whereas the system of retention premiums for live                         funds up to the difference between the said
cattle, as laid down by Article 2 of Regulation ( EEC)                    maximum amounts and the amounts actually paid .
 No 2502/74, does not raise these problems ; whereas
                                                                          2.    The interest subsidy can be granted for no
(') OJ No L 148 , 28 . 6 . 1968 , p. 24.                                  more than 25 young cattle per farm .
\2) OJ No L 195, 18. 7. 1974, p. 14.
(3) OJ No L 206, 27 . 7. 1 974, p. 1 .
  4 OJ No L 268 , 3 . 10 . 1974, p. 12 .                          ( s ) 0 | No L 269 , 4 . 10 . 1974, p. 1 .
 ---pagebreak--- No L 300/2                      Official Journal of the European Communities                             8 . 11 . 74
  The granting of the interest subsidy is dependant                               Article 2
  upon the presentation, by the producer, of a
  request, accompanied by a written undertaking to
  retain on the farm managed when the request is
  lodged, for a period of at least three months from       This Regulation shall enter into force on the day of its
  that date, the young cattle for which he requests        publication in the Official Journal of the European
  the interest subsidy.'                                   Communities.
            This Regulation shall be binding in its entirety and directly applicable in all Member
            States .
            Done at Brussels, 7 November 1974.
                                                                      For the Council
                                                                        The President
                                                                         A. JARROT