31972R2322

Official Journal of the European Communities 23

4.11.72 Official Journal of the European Communities No L 249/3

REGULATION (EEC) No 2322/72 OF THE COUNCIL of 31 October 1972 \fixing the threshold price for olive oil for the 1972/73 marketing year

THE COUNCIL OF THE EUROPEAN COMMUNI­ the c.i.f. stage are taken into account, the TIES , level of the threshold price should be main­ tained at 1-40 units of account below the Having regard to the Treaty establishing the level of the market target price; European Economic Community; Having regard to Council Regulation No 136/66/EEC1 of 22 September 1966 on the establishment of a common organisation of the HAS ADOPTED THIS REGULATION : market in oils and fats , as last amended by Regulation (EEC) No 1547/72,2 and in par­ ticular the second paragraph of Article 4 Article 1 thereof; Having regard to the proposal from the Com­ The threshold price for olive oil for the 1972/73 mission ; marketing year shall be 78-20 units of account per 100 kilogrammes . Whereas the threshold price must be fixed in such a way as to enable the selling price of the imported product, at the frontier crossing point referred to in Article 13 (2) of Regulation Article 2 No 136/66/EEC , to be maintained at the level of the market target price; whereas, when the This Regulation shall enter into force on present costs incurred by the importer from 1 November 1972 .

This Regulation shall be binding in its entirety and directly applicable in all Member States . Done at Luxembourg, 31 October 1972 . For the Council

The President P. LARDINOIS

1 OJ No 172, 30.9.1966, p. 3025/66. 2 OJ No L 165, 21.7.1972, p . 1 .