CELEX: 31974R1897
Language: en
Date: 1974-07-15 00:00:00
Title: Regulation (EEC) No 1897/74 of the Council of 15 July 1974 fixing the monthly increases in the market target price, the intervention price and the threshold price for olive oil for the 1974/75 marketing year

No L 201 /2                                Official Journal of the European Communities                            . 23 . 7. 74
                                REGULATION (EEC) No 1897/74 OF THE COUNCIL
                                                           of 15 July 1974
               fixing the monthly increases in the market target price, the intervention price
                       and the threshold price for olive oil for the 1974/75 marketing year
THE COUNCIL OF THE EUROPEAN                                           storage costs should be established on the basis of the
COMMUNITIES,                                                          cost of storing oil in the appropriate premises and of
                                                                      the handling required for preserving the oil in good
Having regard to the Treaty establishing the European                 condition ; whereas the interest charges can be calcu­
Economic Community ;                                                  lated with reference to the average price of olive oil
Having regard to Council Regulation No 136/                           valid in production areas,
66/ EEC (') of 22 September 1966 on the establish­
ment of a common organization of the market in oils
                                                                      HAS ADOPTED THIS REGULATION :
and fats, as last amended by Regulation (EEC) No
1707/73 (2 ), and in particular Article 9 thereof ;
                                                                                              Article 1
Having regard to the proposal froih the Commission ;
Whereas under Article 9 of Regulation No 136/                         For the 1974/75 marketing year the amount of the
66/ EEC the market target price, the intervention price               monthly increases referred to in Article 9 of Regula­
and the threshold price for olive oil must be increased               tion No 136/66/ EEC and applicable with effect from
each month for a period of 10 months beginning on 1                   1 January 1975 shall be 0*75 unit of account per 100
January 1975 ; whereas these increases must be the                    kilogrammes .
same for all three prices ;
                                                                                              Article 2
Whereas in fixing these increases the same for each of
the 10 months, account being taken of average storage                 This Regulation shall enter into force on 1 November
costs and interest charges in the Community, the                       1974 .
               This Regulation shall be binding in its entirety and directly applicable in all Member
               States .
               Done at Brussels, 15 July 1974.
                                                                                  For the Council
                                                                                    The President
                                                                                 Christian BONNET
(') O ! No 172, 30 . 9 . 1966 , p . 3025/ 66 .
 -') O ) No L 175 , 29 . 6 . 1973 , p . 5 .