Commission Regulation (EC) No 2785/95 of 1 December 1995 fixing depreciation percentages to be applied when agricultural products are bought in for the 1996 financial year

COMMISSION REGULATION (EC) No 2785/95 of 1 December 1995 fixing depreciation percentages to be  applied when agricultural products are bought in for the 1996 financial year
THE  COMMISSION OF THE EUROPEAN COMMUNITIES
,
Having regard to the Treaty establishing the European Community,
Having regard to Council Regulation (EEC) No 1883/78 of 2 August 1978 laying down the general rules  for the financing of interventions by the European Agricultural Guidance and Guarantee Fund,  Guarantee Section  (1), as last amended by Regulation (EEC) No 1571/93  (2), and in particular  Article 8 thereof,
Whereas, pursuant to Article 8 of Regulation (EEC) No 1883/78, systematic depreciation of public  intervention agricultural products must take place when they are bought in; whereas accordingly the  Commission determines the depreciation percentage for each product concerned before the beginning  of each year; whereas such percentage shall not exceed the difference between the buying-in price  and the foreseeable disposal price for each of these products;
Whereas, pursuant to Article 8 (3) of Regulation (EEC) No 1883/78, the Commission may, at its  discretion, restrict depreciation at the time of buying in to a proportion of this depreciation  percentage, but such proportion may not be less than 70  %; whereas, coefficients to be applied  also for the 1996 financial year by the intervention agencies to the monthly buying-in values of  products should be fixed, to enable the agencies to establish the depreciation amounts;
Whereas the measures provided for in this Regulation are in accordance with the opinion of the  EAGGF Committee,