31968R1115

Official Journal of the European Communities 7

No LI 86/4 Official Journal of the European Communities 30.7.68

REGULATION (EEC) No 1 1 15/68 OF THE COUNCIL of 29 July 1968 amending Regulation No 1S5/66/EEC on the financing of intervention expenditure in res­ pect of the internal market in rice as regards the transition from the 1966/67 to the 1967/68 marketing year

THE COUNCIL OF THE EUROPEAN COMMUNITIES, sary to determine the amount which shall during the first month of the 1967/68 marketing year replace the target Having regard to the Treaty establishing the European price valid in the area having the greatest surplus in res­ Economic Community ; pect of the quantity of husked rice corresponding to 100 kilogrammes of paddy rice, adjusted oil the basis of the Having regard to Council Regulation No 17/64/EEC 1 conversion scale, milling costs and value of by-products ; of 5 February 1964 on the conditions for granting aid from the European Agricultural Guidance and Guaran­ tee Fund, and in particular Article 6 thereof; Whereas the amount to be determined may be obtained by applying the rule laid down in the first subparagraph Having regard to the proposal from the Commission ; of Article 4(3) of Regulation No 359/67/EEC for cal­ culating the intervention price for the area having the Whereas the conditions for granting aid from the Euro­ greatest surplus in each of the two Member States con­ pean Agricultural Guidance and Guarantee Fund should cerned on the basis of a single target price for the Com­ be determined for Community financing of intervention munity ; whereas an amount equal to 100/96 of the inter­ expenditure in rice when the transition is made from the vention prices valid in Aries and Vercelli in September 1966/67 marketing year to the 1967/68 marketing year, 1967 can thus be fixed, the latter being the first marketing year subject to the common price system ; HAS ADOPTED THIS REGULATION :

Whereas Article 1(3) of Council Regulation No 155/66/ EEC 2 of 25 October 1966 on the financing of interven­ tion expenditure in respect of the internal market in rice Sole Article laid down the method for calculating losses suffered or The following subparagraph shall be inserted after the expenditure borne by each producer Member State when the transition is made from one marketing year to the second indent of Article 1(3) of Regulation 155/66/ EEC : next ; 'For the transition from the 1966/67 to the 1967/68 Whereas Council Regulation No 359/67/EEC 3 of 25 marketing year, 12*81 units of account per 100 kilo­ July 1967 on the common organization of the market in grammes of paddy rice shall be substituted for the rice did not lay down a derived target price; whereas to target price referred to above for France and 12-50 apply Regulation No 155/66/EEC it is therefore neces­ units of account for Italy .'

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

Done at Brussels , 29 July 1968 .

For the Council The President G. BOSCO

1 OJ No 34, 27.2.1964, p.586/64. 2 OJ No 192, 27.10.1966 p.3277/66 . 3 OJ No 174, 31.7.1967, p.l .