Council Regulation (EEC) No 1703/72 of 3 August amending Regulation (EEC) No 2052/69 on the Community financing of expenditure arising from the implementation of the 1967 Food-Aid Convention and laying down rules for the Community financing of expenditure arising from the implementation of the 1971 Food-Aid Convention

REGULATION (EEC) No 1703/72 OF THE COUNCIL of 3 August 1972 amending Regulation (EEC) No 2052/69 on the Community financing of expenditure arising from the implementation of the Food Aid Convention of 1967, and laying down rules for the Community financing of expenditure arising from the implementation of the Food Aid Convention of 1971
THE COUNCIL OF THE EUROPEAN COMMUNITIES.
Having regard to the Treaty establishing the European Economic Community, and In particular Articles 43 and 209 thereof;
Having regard to the proposal from the Commission;
Having regard to the Opinion of the European Parliament;
Whereas, on account of the Decision of 21 April 19701 on the replacement of financial contributions from Member States by the Communities' own resources, on account of certain special measures of food aid taken by the Community and on account of administrative delays in the financing of expenditure under the Food Aid Convention of 1967, various provisions of Council Regulation (EEC) No 2052/692  of 17 October 1969 on the Community financing of expenditure arising from the implementation of the Food Aid Convention should be amended;
Whereas, since the above Regulation covers only the financing of expenditure under the Food Aid Convention of 1967, provision should be made for the financing of expenditure under the 1971 Convention in the light of the commitments entered into by the Community and the experience gained by the Community in the field of food aid;
Whereas a method of financing by means of advances to the value of the goods, based on that employed by the Guarantee Section of the European Agricultural Guidance and Guarantee Fund, should be introduced in order to facilitate Community food aid measures ; whereas special provisions are also needed to cover agreements concluded with the organizations responsible for administering the aid,