Commission Regulation (EEC) No 400/85 of 15 February 1985 amending Regulation (EEC) No 467/77 on the method and the rate of interest to be used for calculating the costs of financing intervention measures comprising buying in, storage and disposal

COMMISSION  REGULATION (EEC) No 400/85
of 15 February 1985
amending Regulation (EEC) No 467/77 on the method and the rate of interest to be used for calculating the costs of financing intervention measures comprising buying in, storage and disposal
THE COMMISSION OF THE EUROPEAN
COMMUNITIES
,
Having regard to the Treaty establishing the European Economic Community,
Having regard to Council Regulation (EEC) No 1883/78 of 2 August 1978 laying down 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 1716/84 (2), and in particular Article 5 thereof,
Whereas, by reason of the exceptionally high level of butter in intervention storage, provision has been made in Article 4 of Commission Regulation (EEC) No 2268/84 of 31 July 1984 on special sales of intervention butter for export to various destinations (3), as last amended by Regulation (EEC) No 2955/84 (4), for a period in which payment may be made after the purchaser has removed the product from store; whereas a similar period is provided for in Article 16 of Commission Regulation (EEC) No 2956/84 of 18 October 1984 on the disposal of butter at a reduced price (5), as amended by Regulation (EEC) No 3073/84 (6);
Whereas the present system for calculating interest charges in respect of funds immobilized at national level is based on the average quantity of products in store per month;
Whereas it is appropriate, by way of derogation, to adjust the method of calculation of interest charges for the sales concerned, in order to take account of such a period for payment; whereas Commission Regulation (EEC) No 467/77 (7), as last amended by Regulation (EEC) No 3617/83 (8), should be amended accordingly;
Whereas the measures provided for in this Regulation are in accordance with the opinion of the Fund Committee,