CELEX: 31972R1460
Language: en
Date: 1972-07-10 00:00:00
Title: Regulation (EEC) No 1460/72 of the Commission of 10 July 1972 amending Regulation (EEC) No 1493/71 as regards the calculation of the increases and reductions to be applied to the price of durum wheat and maize taken over by intervention agencies

670                                Official Journal of the European Communities
 No L 155 /34                       Official Journal of the European Communities                                11.7.72
                              REGULATION (EEC) No 1460/72 OF THE COMMISSION
                                                     of 10 July 1972
               amending Regulation (EEC) No 1493/71 as regards the calculation of the increases and
               reductions to be applied to the price of durum wheat and maize taken over by
                                                  intervention agencies
 THE    COMMISSION       OF     THE EUROPEAN       COM­         Whereas the measures provided for in this Regulation
 MUNITIES,                                                      are in accordance with the Opinion of the
                                                                Management Committee for Cereals ;
 Having regard to the Treaty           establishing the
 European Economic Community ;                                  HAS ADOPTED THIS REGULATION :
Having regard to Council Regulation No
                                                                                       Article 1
 120/67/EEC1 of 13 June 1967 on the common
 organization of the market in cereals, as last amended
by Regulation (EEC) No 796/72,2 and in particular               The following shall be substituted for Article 2 (2 ) of
Article 7 (5 ) thereof;                                         Regulation (EEC) No 1493/71 :
                                                                   '2. For durum wheat, the basic intervention
Whereas Article 2 ( 1 ) of Commission Regulation                   price shall be replaced by the target price valid at
 (EEC) No 1493 /713 of 13 July 1971 on price                       the beginning of the marketing year, less the
increases and reductions applicable to intervention in             difference between the target price and the basic
cereals provides that price increases and reductions               intervention price valid for common wheat at the
 are to be calculated by application of the percentages            beginning of the marketing year in question.
provided for in Articles 3 , 4 and 6 to the basic
 intervention price valid at the beginning of the                  For maize, the basic intervention price shall be
marketing year;                                                    replaced by the target price valid at the beginning
                                                                   of the marketing year, less the difference between
Whereas, in the case of durum wheat and maize, for                 the target price and the basic intervention price
which a basic intervention price is not fixed, there are           valid for barley at the beginning of the marketing
single intervention prices for the Community valid                 year in question. 5
for all the marketing centres determined for those
cereals ; whereas, therefore, a method for calculating                                 Article 2
the price increases and reductions to be applied to
durum wheat and maize at the time of taking over by             This Regulation shall enter into force on 1 August
intervention agencies should be laid down ;                     1972 .
              This Regulation shall be binding in its entirety and directly applicable in all Member
              States .
              Done at Brussels, 10 July 1972.
                                                                                   For the Commission
                                                                                       The President
                                                                                    S. L. MANSHOLT
1 OJ No 117, 19.6.1967, p. 2269/67.
2 OJ No L 94, 21.4.1972, p . 7.
3 OJ No L 157, 14.7.1971 , p . 21 .