CELEX: 31974R2682
Language: en
Date: 1974-10-21 00:00:00
Title: Regulation (EEC) No 2682/74 of the Council of 21 October 1974 altering the intervals at which the standard values are fixed to be used in calculating financial compensation in respect of fishery products

25 . 10 . 74                            Official Journal of the European Communities                          No L 288 / 3
                                REGULATION (EEC) No 2682/74 OF THE COUNCIL
                                                      of 21 October 1974
             altering the intervals at which the standard values are fixed to be used in calcu­
                            lating financial compensation in respect of fishery products
THE COUNCIL OF THE EUROPEAN                                       Whereas the prices of products withdrawn from the
COMMUNITIES,                                                       market and intended for purposes other than human
                                                                   consumption can therefore be expected to rise ;
Having regard to the Treaty establishing the European              whereas the standard value fixed solely at the begin­
Economic Community, and in particular Article 43                   ning of the fishing year is thus no longer adequate to
thereof ;                                                          take account of the actual market situation ; whereas
Having regard to the proposal from the Commission ;                provision should therefore be made for altering the
                                                                   standard value in the light of the market situation
Having regard to the Opinion of the European Parlia­               during the said fishing year,
ment ;
Whereas, under the second subparagraph of Article 10
(3) of Council Regulation ( EEC) No 2142/70 (') of 20              HAS ADOPTED THIS REGULATION :
October 1970 on the common organization of the
market in fishery products, as last amended by Regula­
                                                                                           Article 1
tion ( EEC) No 3159 /73 (2 ), the financial compensation
granted to producers' organizations is to be reduced
by the standard values, fixed at the beginning of the             The second subparagraph of Article 10 (3) of Regula­
fishing year, for products for purposes other than                 tion (EEC) No 2142/70 is replaced by the following :
human consumption , or by net receipts from sales of                   'This amount shall be reduced by the standard
products for human consumption obtained in accor­                      values of products intended for purposes other
dance with paragraph 2 of that Article ;                               than human consumption or by net receipts from
Whereas the fishing year covers the whole calendar                     sales of products for human consumption obtained
                                                                       in accordance with paragraph 2 . The aforesaid
year ;
                                                                       values shall be fixed at the beginning of the
Whereas a    marked increase has been            recorded on           fishing year ; they shall , however, be changed if
Community markets in the prices paid for products                      major and lasting price variations are recorded on
for purposes other than human consumption during                       Community markets .'
the last period for which a standard value was fixed ;
whereas this trend can be expected to continue ;
                                                                                           Article 2
Whereas it is unlikely that the Community shortage
of high-protein products , among which fish meal is               This Regulation shall enter into force on 1 January
an important product, will change in the near future ;             1 975 .
              This Regulation shall be binding in its entirety and directly applicable in all Member
              States .
              Done at Luxembourg, 21 October 1974.
                                                                                For the Council
                                                                                 The President
                                                                                 Ch . BONNET
(') 0 | No L 236 , 27 . 10 . 1970 , p. 5 .
(-) OJ No L 322 , 23 . 1 1 . 197 }, p. 4 .