31973R0698

No L 67/ 10 Official Journal of the European Communities 14 . 3 . 73

REGULATION (EEC) No 698/73 OF THE COMMISSION of 5 March 1973 amending Regulation (EEC) No 741/72 on the method and rate of interest to be used for calculating financing costs in connection with interventions on the internal markets in beef and veal and milk and milk products

THE COMMISSION OF THE EUROPEAN Whereas it is desirable that the two calculations COMMUNITIES , should' be based on the same principles and effected as uniformly as possible in tlhe different sectors of Having regard to the Treaty establishing the Euro­ the common organization of the markets ; pean Economic Community ; Whereas Article 2 (3 ) of Regulation (EEC) No Having regard to Council Regulation No 741 /72 concerning the calculating of average stock 17/64/EEC <( 1) of 5 February 1964 on the conditions should, therefore, be amended ; for granting aid from the European Agricultural Guidance and Guarantee Fund, as last amended by Whereas the measures provided for in this Regula­ Regulation (EEC) No 847/72 (2 ) ; tion are in accordance with the Opinion of the Committee of the Fund ; Having regard to Council Regulation (EEC ) No 729/ 70 (3) of 21 April 1970 on the financing of the common agricultural policy, as last amended by HAS ADOPTED THIS REGULATION : Regulation ( EEC) No 2788 /72 (4 ) ; Having regand to Council Regulation (EEC) No Article 1 2305/70 (5) of 10 November 1970 on the financing of intervention expenditure on the internal market Article 2 (3 ) of Regulation ( EEC ) No 741 /72 is in beef and veal, and in particular Article 3 ( 1 ) ( g) replaced by the following : thereof ; '3 . The average stock for the period shall be Having regard to Council Regulation (EEC) No calculated by adding together the sum of the 2306/70 (6) of 10 November 1970 on the financing stocks at the beginning of each month and the of intervention expenditure on the internal market sum of the stocks at the end of each month, and . in milk and milk products, as last amended by dividing the total so obtained by a number Council Regulation ( EEC) No 2681 /72 (7), and in equal to twice the number of months in the particular Articles 4, 5 and 6 ( 1 ) (g) thereof ; period .' Whereas, pursuant to Article 3 ( 1 ) (g) of Regulation Article 2 (EEC) No 2305/70 and to Articles 4, 5 and 6 ( 1 ) (g) of Regulation (EEC) No 2306/70, the Commission, This Regulation shall enter into force on the third by Regulation ( EEC) No 741 /72 (8), laid down a day following its publication in the Official Journal method and rate of interest to be used for calcu­ of the European Communities . lating costs in connection with interventions involving buying-in and storage costs ; It shall apply as from the period 1968/ 1969 .

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

Done at Brussels, 5 March 1973 . For the Commission The President Francois-Xavier ORTOLI

(*) OJ No 34, 27. 2. 1964, p . 586/64. (■) OJ No L 100, 27. 4. 1972, p. 4. (8) OJ No L 94, 28 . 4 . 1970, p. 13 . ( 4) OJ No L 295 , 30. 12. 1972 , p. 1 . (s) OJ No L 249, 17. 11 . 1970, p. 1 . (•) OJ No L 249, 17. 11 . 1970, p. 4. ( 7) OJ No L 289, 27 . 12 . 1972, p. 12 . (8 ) OJ No L 87, 13 . 4 . 1972, p. 12 .