CELEX: 31974R1672
Language: en
Date: 1974-06-28 00:00:00
Title: Regulation (EEC) No 1672/74 of the Commission of 28 June 1974 fixing the amount of the reimbursement and the amount of levy for offsetting storage costs for sugar for the 1974/75 marketing year

29 . 6 . 74                               Official Journal of the European Communities                            No L 175/73
                              REGULATION ( EEC) No 1672/74 OF THE COMMISSION
                                                          of 28 June 1974
               fixing the amount of the reimbursement and the amount of levy for offsetting
                                 storage costs for sugar for the 1974/75 marketing year
THE COMMISSION OF THE EUROPEAN                                       month and per unit of weight, taking into considera­
COMMUNITIES,                                                         tion the costs of financing and insurance and specific
                                                                     storage costs ; whereas Article 3 of Commission Regu­
Having regard to the Treaty establishing the European                lation (EEC) No 442/70 (7) of 9 March 1970 laying
Economic Community ;                                                 down detailed rules for the application of the system
Having regard to Council Regulation No 1009 /                        of offsetting storage costs for sugar, as last amended by
67/ EEC (') of 18 December 1967 on the common                        Regulation (EEC) No 700/73 (s), lays down that the
organization of the market in sugar, as last amended                 reimbursement shall be fixed per 100 kilogrammes of
by Regulation ( EEC) No 1 602/74 (2), and in particular             white sugar ;
Articles 8 (3) and 37 (2) thereof ;
                                                                    Whereas the financing costs may, at present, be calcu­
Whereas Article 8(1 ) of Regulation No 1009/67/ EEC                  lated on the basis of an interest rate of 8 % per year ;
lays down that storage costs for sugar and certain                   whereas insurance costs may be assessed at from 0-15
Community syrups shall be reimbursed at a flat rate                  to 0-2 % per year ; whereas insurance costs and
by the Member States and that Member States shall                    specific storage costs can be evaluated at 0-41 unit of
charge a levy on each sugar manufacturer per unit of                 account per metric ton and per month ;
weight of sugar disposed of ; whereas, in accordance
with the same paragraph , the amount of the reimburse­
ment and the amount of the levy must be the same                     Whereas, pursuant to Article 4 of Regulation (EEC)
throughout the' Community.                                           No 750/68 , the quantity in store to be taken into
                                                                     consideration for the reimbursement of one month 's
Whereas Commission Regulation (EEC) No 834/74 (3)                    storage costs is equal to the average quantities of sugar
of 5 April 1974 laying down requisite provisions to                  held in store at the beginning and at the end of the
prevent the sugar market being disturbed as a result of              month in question ; whereas, for the 1974/75
the price increase in this sector for the 1974/75 sugar              marketing year, the quantities in store each month
marketing year, amended . by Regulation (EEC) No                     may be estimated on the basis of anticipated stocks at
1495/74 (4 ), has amended , in Article 1 , the amount of             the beginning of that year, estimated monthly produc­
levy applicable for the period from 15 April 1974 to                 tion , the quantities likely to be imported in the
30 June. 1974 resulting in manufacturers incomes                     month under consideration and the quantities likely
from sugar sales being increased successively until the              to be disposed of for domestic consumption or
beginning of the subsequent sugar marketing year ;                   exported during the same month ; whereas total
whereas, to meet the objectives of Regulation (EEC)                  average monthly stocks during the 1974/75 marketing
No 834/74, it is necessary at the beginning of the                   year can be estimated at approximately 49-2 million
 1974/75 sugar marketing year, to fix the amount of                  metric tons of sugar expressed as white sugar ; whereas
levy in such a way, that the incomes will continue to                total reimbursement can thus be estimated at approxi­
increase successively ; whereas it is convenient to limit            mately 103 2 million units of account for the 1974/75
this period of adaptation to two months ; whereas,                   marketing ^ear ;
however, the production period and the marketing
period for sugar produced in the French overseas                     Whereas Article 9 of Regulation ( EEC) No 750/68
departments are completely different from the other                  specifies that the amount of the levy shall be calcu­
areas of the Community ; whereas, as a result thereof,               lated by dividing total anticipated reimbursement by
an appropriate system should be applicable for these                 the anticipated quantity of sugar which will be
departments ;
                                                                     disposed of during the sugar marketing year in ques­
Whereas Article 5 of Council Regulation (EEC) No                     tion and produced within the maximum quotas ;
750/68 (5 ) of 18 June 1968 laying down general rules                whereas total anticipated reimbursements arc to be
for offsetting storage costs for sugar, as last amended              increased or decreased as the case may be by the
by Regulation ( EEC) No 152/71 (6), provides that the                amount carried forward from preceding sugar
amount of the reimbursement shall be fixed per                       marketing years ;
(')  OJ  No 308 , 18 . 12. 1967, p. I.                               Whereas there is a surplus of 2 683 690 units of
(-') OJ  No L 172, 27 . 6 . 1974, p. 7 .
(3)  OJ  No L 99, 9 . 4. 1974, p. 15 .                               account for the 1968 /69 to 1972/73 marketing years ;
H    OJ  No L 15 «, 15 . 6 . 1974, p. 20 .
(5)  OJ  No L 137, 21 . 6 . 1968 , p. 4 .                            (7) OJ No L 55 , 10 . 1 1970 , p. 10 .
(b)  OJ  No L 22, 28 . 1 . 1971 , p. 1 .                             (s ) Ol No L 67 , 14 . 3 . 1973 , p. 12 .
 ---pagebreak--- No L 17.5/ 74                    Official Journal of the European Communities                            29 . 6 . 74
whereas the anticipated balance for the 1973/74             of Regulation No 1009/67/ EEC is hereby fixed at
marketing year may be assessed as a surplus of 9-6          0-21 unit of account per 100 kilogrammes of white
million units of account ; whereas the increase of the      sugar per month .
amount of levy applicable for the months of July and
August 1974 will result in increasing receipts of about     2. For the 1974/75 sugar marketing year the
3-5 million units of account ; whereas Article 3 of         amount of levy referred to in Article 8 of Regulation
Regulation ( EEC) No 442/70 lays down that the levy         No 1009/67/ EEC is hereby fixed per 100 kilo­
is fixed per 100 kg of white sugar ; whereas the quan­      grammes of white sugar at :
tity of Community sugar which will be disposed of
during the 1974/75 marketing year for home                  (a) 1-35 units of account for July 1974 ;
consumption or for export may be estimated at
approximately 8-7 million metric ions of sugar              (b) 1-20 units of account for August 1974 ;
expressed as white sugar ; whereas the amount of the        (c) one unit of account for the period from 1
levy should therefore be one unit of account per 100            September 1974 to 30 June 1975 .
kilogrammes of white sugar ;
Whereas the measures provided for in this Regulation        By way of derogation to the preceding subparagraph
are in accordance with the Opinion of the Manage­           the amount of levy per 100 kilogrammes of white
ment Committee for Sugar,                                   sugar applicable to the French overseas departments is
                                                            hereby fixed at one unit of account for the 1974/75
                                                            sugar marketing year.
HAS ADOPTED THIS REGULATION :
                       Article 1                                                    Article 2
1.    For the 1974/75 sugar marketing year, the
amount of the reimbursement referred to in , Article 8      This Regulation shall enter into force on 1 July 1974.
             This Regulation shall be binding in its entirety and directly applicable in all Member
             States .
             Done at Brussels, 28 June 1974.
                                                                     For the Commission
                                                                         The President
                                                                    Francois-Xavier ORTOLI