CELEX: 31978Q0529
Language: en
Date: 1978-06-06 00:00:00
Title: Financial Regulation of 6 June 1978 concerning the Guarantee Section of the European Agricultural Guidance and Guarantee Fund for the 1967/68 to 1970 accounting periods

17. 6 . 78                               Official Journal of the European Communities                             No L 160/25
                                                  FINANCIAL REGULATION
                                                         of 6 June 1978
              concerning the Guarantee Section of the European Agricultural Guidance and Guarantee
                                       Fund for the 1967/68 to 1970 accounting periods
                                                          ( 78 /529/EEC)
 THE COUNCIL OF THE EUROPEAN COMMUNITIES,                             3 . The credit entry referred to in paragraph 2 shall be
                                                                      made in accordance with Article 3 ( 1 ).
Having regard to the Treaty establishing the European                                         Article 2
Economic Community, and in particular Articles 43 and
209 thereof,                                                          1 . For the purposes of clearing, authorizing payment
                                                                      of and paying the expenses relating to the Guarantee
                                                                     Section of the Fund, the Commission shall, on behalf of
Having regard to the proposal from the Commission,                    each Member State, keep an account for each account­
                                                                      ing period which shall be:
Having regard to the opinion of the European Parlia­                 — credited, pursuant to the decisions taken, with the
ment ( 1),                                                                amounts to be reimbursed to that Member State in
                                                                          accordance with Article 10 of Council Regulation
Whereas, in order to clear the accounts for the 1967/68                   No 17/64/EEC of 5 February 1964 on the con­
to 1970 accounting periods involving only the Member                      ditions for granting aid from the European Agricul­
States of the Community as originally constituted,                        tural Guidance and Guarantee Fund (4) and
movements of funds relating to these four periods                    — debited with the contributions of that Member State
should be limited to a single clearing,                                   calculated in accordance with the provisions in force
                                                                          during the accounting period in question and on the
                                                                          basis of the data available at the time of the
                                                                          decision.
HAS ADOPTED THIS FINANCIAL REGULATION :
                                                                     2 . The Commission shall inform each Member State of
                                                                     the balance of its account.
                           Article 1                                 3 . The accounts referred to in paragraph 1 shall be
                                                                     kept and closed in units of account.
1 . The financial contributions from Member States,
calculated in accordance with Article 11 of Council
Regulation No 130/66/EEC of 26 July 1966 on the                                               Article 3
financing of the common agricultural policy (2) and
with Articles 2 and 7 of Council Regulation (EEC) No                 1 . Member States in debit shall, within one month of
728 /70 of 21 April 1970 on additional provisions for                the date of notification of the balance, pay the amounts
the financing of the common agricultural policy (3),                 for which they are liable for the whole of the 1967/68
shall cover expenditure by the Guarantee Section of the              to 1970 periods . The payments shall be made in
European Agricultural Guidance and Guarantee Fund.                   national currency into the accounts referred to in
                                                                     Article 1 (2 ), on the basis of the parity in force on
                                                                     31 December 1970 .
2 . The financial contributions as expressed in units of
account shall be converted into national currency and
credited by each Member State to the account opened in               2. Member States in credit shall, within two months of
the Commission's name with the treasury or other body                the date of notification of the balance, receive from the
designated by the Member State.                                      Commission a payment for the whole of the 1967/68 to
                                                                     1970 periods, made in their national currency on the
                                                                     basis of the parity in force on 31 December 1970.
H OJ No C 131 , 5 . 6. 1978, p. 77.
(2) OJ No 165 , 21 . 9. 1966, p. 2965/66 .
(3) OJ No L 94, 28 . 4. 1970, p. 9.                                  (4) OJ No 34, 27. 2. 1964, p. 586/64.
 ---pagebreak--- No L 160/26                           Official Journal of the European Communities                              17 . 6 . 78
                         Article 4                              financing of the common agricultural policy (2), as last
                                                                 amended by Regulation (EEC) No 2788 /72 (3).
A detailed table on the closing of accounts for the
1967/68 to 1970 periods shall be published as an                                             Article 6
Annex to the Commission revenue and expenditure
account referred to in Article 73 of the Financial Regu­        The Financial Regulation of 5 February 1964 on the
lation of 21 December 1977 applicable to the general            European Agricultural Guidance and Guarantee
budget of the European Communities ( 1).                        Fund (4) and Article 3 (2 ) of Council Regulation (EEC)
                                                                No 2030/73 of 24 July 1973 on aid from the Guarantee
                                                                Section of European Agricultural Guidance and
                                                                Guarantee Fund for the 1967/68 to 1970 accounting
                         Article 5                              periods ( 5) are hereby repealed.
The expenditure chargeable in respect of the accounting                                      Article 7
periods for the second half of 1969 and for 1970 which
remains unpaid when the accounts for these periods are          This Financial Regulation shall enter into force on
closed shall be financed in accordance with Council             the third day following its publication in the Official
Regulation (EEC) No 729/70 of 21 April 1970 on the              Journal of the European Communities.
              This Financial Regulation shall be binding in its entirety and directly applicable in all
              Member States .
              Done at Luxembourg, 6 June 1978 .
                                                                                       For the Council
                                                                                        The President
                                                                                      K. B. ANDERSEN
                                                                (2)  OJ No L 94 , 28 . 4 . 1970 , p. 13 .
                                                                (3)  OJ No L 295 , 30 . 12 . 1972 , p. 1 .
                                                                (4)  OJ No 34 , 27. 2 . 1964, p . 599/64 ,
(^ OJ No L 356, 31 . 12. 1977, p. 1 .                           ( s) OJ No L 207, 28 . 7. 1973 , p. 1 .