Commission Regulation (EEC) No 1923/88 of 30 June 1988 fixing the accession compensatory amounts applicable to cereals for the 1988/89 marketing year and the coefficients to be used for calculating the amounts applicable to certain processed products

COMMISSION  REGULATION (EEC) No 1923/88
of 30 June 1988
fixing the accession compensatory amounts applicable to cereals for the 1988/89 marketing year and the coefficients to be used for calculating the amounts applicable to certain processed products
THE COMMISSION OF THE EUROPEAN COMMUNITIES
,
Having regard to the Treaty establishing the European Economic Community,
Having regard to the Act of Accession of Spain and Portugal,
Having regard to Council Regulation (EEC) No 467/86 of 25 February 1986 laying down general rules for the system of accession compensatory amounts for cereals on account of the accession of Spain (1), and in particular Article 7 thereof,
Whereas, in accordance with Article 72 (1) of the Act of Accession, accession compensatory amounts are to be equal to the difference between the prices fixed for Spain and the intervention prices applicable for the Community as constituted at 31 December 1985, which prices represent the guarantee given to producers; whereas those prices were fixed in the framework of the precautionary measures adopted by the Commission pending a final decision of the Council on prices for the 1988/89 marketing year; whereas, however, following the latest change in the intervention arrangements provided for in Council Regulation (EEC) No 2727/75 of 29 October 1975 on the common organization of the market in cereals (2), as last amended by Regulation (EEC) No 1097/88 (3), buying in is carried out at a level below the intervention price; whereas this level, which now represents the actual guarantee given to producers must, therefore, serve as a basis for calculating the accession compensatory amounts;
Whereas in accordance with Article 111 (3) of the Act of Accession, accession compensatory amounts applicable to processed products are to be derived from those applicable to the products to which they are related, using coefficients to be determined; whereas those coefficients must be fixed taking account, on the one hand, of the technical factors relating to processing and, on the other hand, of the fact that those compensatory amounts apply to imports, to exports and in trade between the Community as constituted at 31 December 1985 and Spain;
Whereas the Management Committee for Cereals has not delivered an opinion within the time limit set by its chairman,