31966R0155

Official Journal of the European Communities 3

3277/66 OFFICIAL JOURNAL OF THE EUROPEAN COMMUNITIES 27.10.66

REGULATION No 155/66/EEC OF THE COUNCIL of 25 October 1966 on the financing of intervention expenditure in respect of the internal market in rice

THE COUNCIL OF THE EUROPEAN ECONOMIC HAS ADOPTED THIS REGULATION : v COMMUNITY,

Article 1 Having regard to the Treaty^ establishing the European Economic Community ; 1 . Losses suffered or expenditure borne during the tran­ sition from one marketing year to the next on stocks of Having regard to Council Regulation No 25 1 on the home-produced paddy rice which has been the subject of financing of the common agricultural policy ; intervention by producer Member States in accordance with Article 18(2) of Regulation No 16/64/EEC shall Having regard to Council Regulation No 17/64/EEC 2 be eligible for aid from the European Agricultural Guid­ on the conditions for granting aid from the European ance and Guarantee Fund, pursuant to Article 6(1 ) of Agricultural Guidance and Guarantee Fund, and in par­ Regulation No 17/64/EEC . ticular Article 6 thereof;

2 . In each Member State the quantities of home-pro­ Having regard to the proposal from the Commission ; duced paddy rice in storage on the last day of the mar­ Whereas the conditions for granting aid from the Euro­ keting year, other than paddy rice from the new crop, shall be taken into account : pean Agricultural Guidance and Guarantee Fund should be determined for Community financing of intervention (a) as regards paddy rice taken into storage as the result expenditure in each sector of the common organization of compulsory action, in respect of the whole ; of the markets ; whereas the intervention system for rice <b) as regards paddy rice taken into storage under action is laid down in Article 18 of Council Regulation No 16/ intended to avoid, compulsory action, after deduction 64/EEC 3; of a quantity, corresponding to one-twelfth of the industry's total annual consumption for internal re­ Whereas, due to the existence of a graded price system, quirements . the storage of home-produced paddy rice which has been the subject of intervention in accordance with Article The volume of such consumption shall be established in 18(2) of Regulation No 16/64/EEC may when the tran­ accordance with the procedure laid down in Article 7 of sition is made from one season to the next give rise to Regulation No 17/64/EEC. losses or expenditure which meet the conditions laid down in Article 6(1 ) of Regulation No 17/64/EEC ; 3 . Losses suffered or expenditure borne shall be calcu­ Whereas , in the absence of a common price level for rice, lated in each producer Member State on the basis of the the basis taken should be the different price levels be­ difference between : tween one Member State and another, and the price the intervention price valid for the last month of the ratios existing within each Member State ; marketing season in the area having the greatest sur­ plus in respect of 100 kilogrammes of paddy rice, plus Whereas the prices for the area having the greatest sur­ the amount indicated below, and plus in each producer Member State must be taken as the - the target price valid in the same area for the first basis for calculation, since intervention is carried out' month of the following marketing year, in respect of mainly in surplus areas ; the quantity of husked rice corresponding to such 100 Whereas standard criteria should be used so as to elimi­ kilogrammes of paddy rice, adjusted on the basis of the conversion scale, milling costs and value of by­ nate all differences other than the difference resulting products, determined in accordance with Article 7(c) from price levels and ratios in Member States, and (d) of Regulation No 16/64/EEC .

1 OJ No 30, 20. 4. 1962, p.991/62. 2 OJ No 34, 27. 2 . 1964, p.586/64. The amount by which the intervention price shall be in­ 3 OJ No 34, 27. 2. 1964, p.5 74/64. creased shall be equal to ;

4 Official Journal of the European Communities

- two and a half monthly increases of the intervention months to which the grading of prices in Member State price in respect of quantities resulting from compul­ concerned applies for the last marketing year. sory action, 4. Security stocks set up in the absence of a decision by - two monthly increases of the intervention price in res­ the Community shall not be financed by the Fund. pect of quantities resulting from action intended to avoid, wholly or in part, compulsory action. Article 2 The Fund's contribution to expenditure by a Member Each such monthly increase shall be equal to the average State shall not exceed that part of such Member State's of the increases fixed in respect of the eight consecutive actual expenditure which is eligible.

This Regulation shall be binding in its entirety and directly applicable in all Member States .

Done at Brussels, 25 October 1966 .

For the Council The President . B.W. BIESHEUVEL ,