CELEX: 51973PC1683
Language: en
Date: 1973-10-09
Title: PROPOSAL FOR A REGULATION (EEC) OF THE COUNCIL fixing the monthly increases in the market target price, the intervention price and the treshold price for olive oil for the 1973/1974 marketing year (submitted to the Council by the Commission)

ARCHIVES HISTORIQUES
DE LA COMMISSION
COLLECTION RELIEE DES
DOCUMENTS "COM"
COM (73) 1683
Vol. 1973/0285
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In accordance with Council Regulation (EEC, Euratom) No 354/83 of 1 February 1983
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Community and the European Atomic Energy Community (OJ L 43, 15.2.1983, p. 1), as
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In Übereinstimmung mit der Verordnung (EWG, Euratom) Nr. 354/83 des Rates vom 1.
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 ---pagebreak--- COMMISSION OF THE EUS.OPEAN COMMUMTIE
                                       COM(73)1683 final
                                       Brussels , 9 October 1973
                              PROPOSAL FOR A
                     REGULATION ( EEC ) OF THE COUNCIL
             fixing the monthly increases in the market
             target price , the intervention price and the
             treshold price for olive oil for the 1973/1974
             marketing year
             ( submitted to the Council by the Commission )
   COM ( 73 ) 1683 final
 ---pagebreak---                              EXPLANATORY MEMORAtlDlPI
1 * Article 9     Regulation Ho 136/66/EEC provides that each year the Council
    is to fix the amount Tjy which the market target price , the intervention
    price and the threshold price for olive oil are to "be increased each month
    during the tenmonth period beginning 1 January of each year } the amount is
    to "be the same for all three prioes ,
2 , The amount of the monthly increases must take account f>t the storage costs
    and of interest charges wHbi. apply to the value of the oil stored.
    Examination of these two factors shows that storage costs and the value of
    the oil have increased as compared with the factors taken into consideration
    when the present monthly increases were fi::ed . The Commission believes that
    these rises incosts can "be adequately offset by raising the monthly increases
    from 0,67 to 0,80 u«a«/lOO kg.
 ---pagebreak---                                    PROPOSAL FOR A
                       REGULATION ( EEC ) OP THE COUNCIL
fixing the monthly increases In the market target price » the intervention price
and the threshold price for olive oil for the 1973A974 marketing .year *
THE C0U1TCIL CP THE EUROPEAN COIEIU1HTIES ,
Having regard to the Treaty establishing the European Economic Community ,-§■
Having regard to Council Regulation ITo 136/66/eEC ^^ of 22 September 1966, on
the establishment of a common organisation of the market in oils' and fats , as
                         ( 2)
last amended by the Act x 'on the Conditions of Accession and the .Adjustments
to the Treaties ; and in particular Arbiole 9 thereof ;
Having regard to the proposal from the Commission;
Whereas under Article 9 of Regulation No 136/66/EEO the market target price }
the intervention price and the threshold price for olive oil must be increased
each month for a period of ten months beginning on 1 January 1974? whereas the­
se inoreases must be the same for all three prices ;
Whereas in fixing these increases , the same for each month , account being $aken
of average storage costs and interest charges in the Community , the storage
costs should be established on the basis of the cost of storing oil in the
appropriate premises and of the handling required for preserving the oil in
good condition; whereas the interest charges can be calculated on the average
price of olive oil in production areas ;
HAS ADOPTED THIS REGULATION :
(l ) 0J No 172 , 30.9.1966 , p» 3025/66.
(2) OJ No L 73 , 27.3.1972 , P. 14.
 ---pagebreak---                                   .Artide 1
For the . 1973/1974 marketing year the amount' of the monthly increases referred
to in Arfciole 9 of Regulation-No 136/66/ESC and applicable with effect from
1 January 1974 shall be fixed at 0,75 v . units of account per 100 kilogrammes .
                                  Article 2
This Regulation shall enter into foroe on the third day following its publica­
tion in the Official Journal tbfl the European Communities .
Kiis Regulation shall be binding in its entirety and directly applicable in
all Member States .
Done at                                                       For the Council
                                                              The President .