Council Regulation (EEC) No 788/89 of 20 March 1989 amending Regulation (EEC) No 3247/81 on the financing by the European Agricultural Guidance and Guarantee Fund, Guarantee Section, of certain intervention measures, particularly those involving the buying-in, storage and sale of agricultural products by intervention agencies

COUNCIL  REGULATION (EEC) No 788/89
of 20 March 1989
amending Regulation (EEC) No 3247/81 on the financing by the European Agricultural Guidance and Guarantee Fund, Guarantee Section, of certain intervention measures, particularly those involving the buying-in, storage and sale of agricultural products by intervention agencies
THE COUNCIL 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 787/89 (2), and in particular Article 4 (3) thereof,
Having regard to the proposal from the Commission,
Whereas, as a result of the amendment, made by Regulation (EEC) No 2050/80 (3), of Article 8 of Regulation (EEC) No 1883/78, which provides for depreciation of the purchase value of products bought into public intervention, the carry-over prices specified in Article 4 (3) of Regulation (EEC) No 3247/81 (4), as last amended by Regulation (EEC) No 2632/85 (5), no longer correspond to the prices to be repaid to the EAGGF Guarantee Section should the product taken into storage have deteriorated or been destroyed; whereas a new price reference applicable in such cases must be determined;
Whereas the Annex to Regulation (EEC) No 3247/81 should also be adapted to take account of the financing, according to the system of standard amounts, of special measures to guarantee the utilization and/or destination of products held by intervention agencies for given purposes, pursuant to Article 6 of Regulation (EEC) No 1883/78,