31972R1460

670 Official Journal of the European Communities

No L 155 /34 Official Journal of the European Communities 11.7.72

REGULATION (EEC) No 1460/72 OF THE COMMISSION

of 10 July 1972 amending Regulation (EEC) No 1493/71 as regards the calculation of the increases and reductions to be applied to the price of durum wheat and maize taken over by intervention agencies

THE COMMISSION OF THE EUROPEAN COM­ Whereas the measures provided for in this Regulation MUNITIES, are in accordance with the Opinion of the Management Committee for Cereals ; Having regard to the Treaty establishing the European Economic Community ; HAS ADOPTED THIS REGULATION :

Having regard to Council Regulation No Article 1 120/67/EEC1 of 13 June 1967 on the common organization of the market in cereals, as last amended The following shall be substituted for Article 2 (2 ) of by Regulation (EEC) No 796/72,2 and in particular Regulation (EEC) No 1493/71 : Article 7 (5 ) thereof; '2. For durum wheat, the basic intervention Whereas Article 2 ( 1 ) of Commission Regulation price shall be replaced by the target price valid at (EEC) No 1493 /713 of 13 July 1971 on price the beginning of the marketing year, less the increases and reductions applicable to intervention in difference between the target price and the basic cereals provides that price increases and reductions intervention price valid for common wheat at the are to be calculated by application of the percentages beginning of the marketing year in question. provided for in Articles 3 , 4 and 6 to the basic For maize, the basic intervention price shall be intervention price valid at the beginning of the replaced by the target price valid at the beginning marketing year; of the marketing year, less the difference between Whereas, in the case of durum wheat and maize, for the target price and the basic intervention price which a basic intervention price is not fixed, there are valid for barley at the beginning of the marketing single intervention prices for the Community valid year in question . 5 for all the marketing centres determined for those cereals ; whereas, therefore, a method for calculating Article 2 the price increases and reductions to be applied to durum wheat and maize at the time of taking over by This Regulation shall enter into force on 1 August intervention agencies should be laid down ; 1972 .

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

Done at Brussels, 10 July 1972. For the Commission The President S. L. MANSHOLT

1 OJ No 117, 19.6.1967, p. 2269/67. 2 OJ No L 94, 21.4.1972, p . 7. 3 OJ No L 157, 14.7.1971 , p . 21 .