Commission Regulation (EEC) No 1490/90 of 31 May 1990 amending Regulation (EEC) No 685/69 on detailed rules of application for intervention on the market in butter and cream

COMMISSION REGULATION (EEC) No 1490/90
of 31 May 1990
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 3879/89 (2), and in particular Article 6 (7) thereof,
Whereas as provided for in Commission Regulation (EEC) No 685/69 (3), as last amended by Regulation (EEC) No 569/90 (4), payment for butter bought in by the intervention agency is to be made within a period commencing the 90th day after the date on which the skimmed-milk powder was taken over; whereas payments are in fact made within shorter periods of time as a result of commercial transactions between individuals; whereas these periods should now be aligned and whereas the minimum period for payment following buying-in should be reduced accordingly to the 45th day after the date on which the skimmed-milk powder was taken over; whereas the maximum period for payment should be reduced at the same time;
Whereas the measures provided for in this Regulation are in accordance with the opinion of the Management Committee for Milk and Milk Products,