Commission Regulation (EEC) No 3617/83 of 21 December 1983 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 3617/83
of 21 December 1983
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 1550/83 (2), and in particular Article 5 thereof,
Whereas the rules governing the common organizations of markets or Community invitations to tender governing the sale of agricultural products in public intervention may allow the purchaser of such products a period in which to remove them, once payment has been made;
Whereas the present system for calculating interest charges in respect of funds immobilized at national level is based on the average quantity of product in store per month;
Whereas the method for calculating interest charges should be altered to take account of such a removal period; whereas Commission Regulation (EEC) No 467/77 (3), as last amended by Regulation (EEC) No 2723/82 (4), should be amended accordingly;
Whereas the measures provided for in this Regulation are in accordance with the opinion of the Fund Committee,