Commission Regulation (EC) No 796/95 of 7 April 1995 amending Regulation (EEC) No 1858/93 laying down detailed rules for applying Council Regulation (EEC) No 404/93 as regards the aid scheme to compensate for loss of income from marketing in the banana sector

COMMISSION REGULATION (EC) No 796/95 of 7 April 1995 amending Regulation (EEC) No 1858/93 laying  down detailed rules for applying Council Regulation (EEC) No 404/93 as regards the aid scheme to  compensate for loss of income from marketing in the banana sector
THE COMMISSION OF  THE EUROPEAN COMMUNITIES
,
Having regard to the Treaty establishing the European Community,
Having regard to Council Regulation (EEC) No 404/93 of 13 February 1993 on the common organization  of the market in bananas  (1), as last amended by Regulation (EC) No 3290/94  (2), and in  particular Articles 12 (8) and 14 thereof,
Having regard to Council Regulation (EEC) No 3813/92 of 28 December 1992 on the unit of account and  the conversion rates to be applied for the purposes of the common agricultural policy  (3), as last  amended by Regulation (EC) No 150/95  (4), and in particular Article 12 thereof,
Whereas Commission Regulation (EEC) No 1858/93  (5), as last amended by Regulation (EC) No 705/94   (6), laid down detailed rules for the application of the system of compensatory aid for loss of  income from the marketing of bananas;
Whereas, with effect from 1 February 1995, Article 13 (2) of Regulation (EEC) No 3813/92 amended  the value in ecus of certain prices and amounts in order to neutralize the effects of the abolition  of the correcting factor of 1,207509 applicable to the conversion rates used for agriculture until  31 January 1995; whereas the new values in ecus of the prices and amounts in question were  established with effect from 1 February 1995 in accordance with the rules laid down in Article 13  (2) of Regulation (EEC) No 3813/92 and Article 18 (1) of Commission Regulation (EEC) No 1068/93 of  30 April 1993 on detailed rules for determining and applying the agricultural conversion rates   (7), as last amended by Regulation (EC) No 157/95  (8);
Whereas, to avoid confusion and to facilitate the applicaton of the system of compensatory aid for  loss of income from marketing, the value in ecus of the flat-rate reference income fixed in Article  2 (2) of Regulation (EEC) No 1858/93 should be replaced with effect from the start of the marketing  period which covers the months of March and April 1995;
Whereas Regulation (EEC) No 1858/93 contains a number of transitional provisions for the  implementation of the system which are no longer applicable; whereas for the sake of clarity they  should be repealed; whereas, in the light of experience, the time limits for the submission of  applications for advances and for payment of the balance of the aid should be extended;
Whereas, in the interests of good management, provision should be made for the entry into force of  this Regulation without delay;
Whereas the measures provided for in this Regulation are in accordance with the opinion of the  Management Committee for Bananas,