CELEX: 31971R2722
Language: en
Date: 1971-12-20 00:00:00
Title: Regulation (EEC) No 2722/71 of the Council of 20 December 1971 amending Council Regulation (EEC) No 816/70 as regards the conclusion of long-term storage contracts for table wines

1004                                Official Journal of the European Communities
 23.12.71                            Official Journal of the European Communities                            No L 282/ 1
                               REGULATION (EEC) No 2722/71 OF THE COUNCIL
                                                   of 20 December 1971
              amending Council Regulation (EEC) No 816/70 as regards the conclusion of long-term
                                             storage contracts for table wines
THE COUNCIL OF THE EUROPEAN COMMUNITIES ,                        of the risks inherent in such contracts when the
                                                                 amount of aid is being fixed;
Having regard to the Treaty establishing the
 European Economic Community, and in particular
                                                                 HAS ADOPTED THIS REGULATION :
 Article 43 thereof;
 Having regard to the proposal from the Commission ;                                     Article 1
 Having regard to the Opinion of the European                    Article 5 of Regulation (EEC) No 816/70 shall be
 Parliament;                                                     amended as follows :
Whereas, despite the exceptional harvest in the                       In paragraph 1 , the words 'four months' shall be
 1970/71    wine-growing year,      the   procedure . for             substituted for the words 'five months'.
long-term private storage contracts which are
provided for within the framework of the'                                                 Article 2
intervention measures set out in Title I of Council
Regulation (EEC) No 816/701 of 28 April 1970 laying­             The following sentence shall be added to Article
down additional provisions for the common                        6 (3 ) of Regulation (EEC) No 816/70 :
 organisation of the market in wine, as last amended
by Regulation (EEC) No 2504/71 ,2 has not been able                 . 'However, for long-term- storage contracts, the
to operate because the information in the forward                     amount thus determined may be increased by not
estimates did not show that the quantity of table                     more than 20% to take account of the risks
wine available at the beginning of the wine-growing                   inherent in such contracts .'
year would exceed total foreseeable requirements by
more than five months' consumption ; whereas this                                         Article 3
period should therefore be reduced to four months ;
                                                                 This Regulation shall enter into force on the day of
Whereas, in order to promote the conclusion of                   its publication in the Official Journal of the
long-term storage contracts, account should be taken             European Communities.
              This Regulation shall be - binding in its entirety and dire.ctly applicable , in all Member
              States .
              Done at Brussels, 20 December 1971 .
                                                                                        For the Council
                                                                                         The President
                                                                                          M. PEDINI
1 OJ No L 99, 5.5.1970, p. 1 .
2 OJ No L 261 , 26.11.1971, p . 1 ,