Council Regulation (EEC) No 203/90 of 22 January 1990 amending Regulation (EEC) No 727/70 on the common organization of the market in raw tobacco

COUNCIL  REGULATION (EEC) No 203/90
of 22 January 1990
amending Regulation (EEC) No 727/70 on the common organization of the market in raw tobacco
THE COUNCIL OF THE EUROPEAN COMMUNITIES
,
Having regard to the Treaty establishing the European Economic Community, and in particular Article 43 thereof,
Having regard to the proposal from the Commission (1),
Having regard to the opinion of the European Parliament (2),
Having regard to the opinion of the Economic and Social Committee (3),
Whereas, pursuant to Article 12a of Regulation (EEC) No 727/70 (4), as last amended by Regulation (EEC) No 1251/89 (5), the intervention price is to be reduced for undertakings offering for intervention for a period of three consecutive years quantities of tobacco exceeding a given percentage of the overall quantity treated by the undertaking concerned; whereas, for the sake of legal certainty, it should be specified that the period of three years is to run from 1 January 1989 and that only harvests from the 1989 harvest are to be taken into account; whereas it should also be specified that that percentage relates to the equivalent of quantities of leaf tobacco;
Whereas Regulation (EEC) No 727/70 should be amended accordingly,