Commission Regulation (EEC) No 419/93 of 25 February 1993 amending Regulation (EEC) No 685/69 on detailed rules of application for intervention of the market in butter and cream

COMMISSION REGULATION (EEC) No 419/93 of 25 February 1993 amending Regulation (EEC) No 685/69 on detailed rules of application for intervention on the market in butter and cream
THE COMMISSION OF THE EUROPEAN COMMUNITIES
,
Having regard to the Treaty establishing the European Economic Community,
Having regard to Council Regulation (EEC) No 804/68 of 27 June 1968 on the common organization of the market in milk and milk products (1), as last amended by Regulation (EEC) No 2071/92 (2), and in particular Articles 6 (7) and 7a (1) and (3) thereof,
Whereas Title III of Commission Regulation (EEC) No 685/69 (3), as last amended by Regulation (EEC) No 3346/92 (4), lays down the detailed rules on the granting of aid for private storage of butter and cream; whereas Article 24 (3) (c) fixes  compensation per day of contractual storage calculated by reference to 92 % of the intervention price for butter and to interest rates;
Whereas the maximum buying-in price determined by tender in accordance with Commission Regulation (EEC) No 1589/87 (5), as last amended by Regulation (EEC) No 3591/92 (6), has for a long time been fixed at 90 % of the intervention price; whereas the  percentage of 92 % on the basis of which compensation for interest is calculated should be amended to bring it into line with the maximum buying-in-price;
Whereas the measures provided for in this Regulation are in accordance with the opinion of the Management Committee for Milk and Milk Products,