31971R2451

954 Official Journal of the European Communities 0

No L 253 / 12 Official Journal of the European Communities 16.11.71

REGULATION (EEC) No 2451/71 OF THE COMMISSION of 15 November 1971

on calculating the financial compensation for certain fishery products

THE COMMISSION OF THE EUROPEAN COM­ whereas under these conditions it should be specified MUNITIES, that the withdrawal price used for the purpose of calculating the value of the financial compensation should be that fixed on the basis of the commercial Having regard to the Treaty establishing the characteristics of the product in question ; European Economic Community ; Whereas the Management Committee for Fishery Having regard to Council Regulation (EEC) No Products has not delivered an Opinion within the 2142/701 of 20 October 1970 on the common time limit set by its Chairman ; organisation of the market in fishery products, and in particular Article 10 (5 ) thereof;

HAS ADOPTED THIS REGULATION : Whereas, under the provisions of Article 10 (3 ) of Regulation (EEC) No 2142/70, the withdrawal price is one of the factors taken into consideration when Article 1 the value of the financial compensation to be granted to producers' organisations which intervene in respect The withdrawal price referred to in Article 10 (3 ) of of certain fishery products is being calculated ; Regulation ( EEC ) No 2142/70 shall be that fixed pursuant to Article 10 (5 ) of that Regulation on the Whereas one of the aims of the producers' basis of the commercial characteristics of the product organisations is to improve the quality of products in question . provided by their members and marketed through these organisations ; whereas the achievement of this Article 2 aim can be encouraged by providing for a system of compensation involving, as a general rule, financial participation by the Community in a decreasing ratio This Regulation shall enter into force on the third to the withdrawal price, as and when the quality of day following its publication in the Official Journal the product' withdrawn from the market falls ; of the European Communities.

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

Done at Brussels, 15 November 1971 .

For the Commission

The President Franco M. MALFATTI

1 OJ No L 236, 27.10.1970, p . 5 .