Regulation (EEC) No 1610/75 of the Commission of 26 June 1975 amending Regulation (EEC) No 685/69 on detailed rules of application for intervention on the market in butter and cream

REGULATION (EEC) No 1610/75 OF THE COMMISSION  of 26 June 1975  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 (1) of 27 June 1968 on the common organization of the market in milk and milk products, as last amended by Regulation (EEC) No 740/75 (2), and in particular Article 6 (7) thereof;
Whereas Article 24 (2) of Commission Regulation (EEC) No 685/69 (3) of 14 April 1969 on detailed rules of application for intervention on the market in butter and cream, as last amended by Regulation (EEC) No 837/75 (4), provides that aid for private storage of butter may be paid in instalments ; whereas Article 29 of Regulation (EEC) No 685/69 provides that aid for private storage may be varied in the event of a change in the buying-in price for butter by the intervention agencies ; whereas Council Regulation (EEC) No 469/75 (5) of 27 February 1975 fixing the target price for milk and the intervention prices for butter, skimmed-milk powder and Grana padano and Parmigiano Reggiano cheeses for the 1975/76 milk year raises the intervention price for butter with effect from 16 September 1975;
Whereas it has proved necessary, in the interests of clarity and in order to ensure that the rules are applied in uniform manner by all the intervention agencies, to provide expressly that in such cases account must be taken on payment of an instalment of any change in the intervention price that has occurred during the current period of storage or at the beginning of the following period for removal from storage ; whereas it nevertheless seems fair, owing to the lack of precision in the existing provisions, that this rule should not be applied during the current storage period;
Whereas, as a result of the operation of Article 29 of Regulation (EEC) No 685/69, the intervention agency may be obliged to claim back instalments of aid already paid ; whereas it would therefore be advisable to make payment of any instalment conditional on the provision of equivalent security;
Whereas the measures provided for in this Regulation are in accordance with the Opinion of the Management Committee for Milk and Milk Products,