31973R1347

28 . 5 . 73 Official Journal of the European Communities No L 141 /9

REGULATION (EEC) No 1347/73 OF THE COUNCIL of 15 May 1973 fixing cereal prices for the 1973 /74 marketing year

THE COUNCIL OF THE EUROPEAN COMMUNITIES, therefore be increased, taking the fullest possible account of these economic developments ; Having regard to the Treaty establishing the European Economic Community , and in particular Whereas it is desirable to allow for a stage in Article 43 thereof; anticipation of a return to market unity, once the rule on maintaining at any given moment a maximum spread between Member State currencies of 2-25 % Having regard to Council Regulation No for spot transactions is applied by all Member States ; 120/67/EEC H of 13 June 1967 on the common whereas this purpose is served by a 1 % price organization of the market in cereals, as last amended increase which is not reflected in price-levels by Regulation ( EEC ) No 1346/73 ( 2 ), and in particular expressed in terms of the national currencies of Article 2 (4) thereof; Member States whose currencies have increased in value in relation to the conversion rate used under the Common Agricultural Policy ; Having regard to the proposal from the Commission ;

Having regard to the Opinion of the European HAS ADOPTED THIS REGULATION : Parliament ;

Article 1 Whereas, when cereal prices are fixed, account should be taken of the objectives of the Common Agricultural Policy and of the contribution which the For the 1973 /74 marketing year, the target prices and Community desires to make to the harmonious basic intervention prices for cereals and the development of world trade ; whereas the objectives guaranteed minimum price for durum wheat shall be of the Common Agricultural Policy are in particular as follows : to ensure a fair standard of living for the agricultural community, to ensure that supplies are available and u.a./l 000 kg ( a ) Target price : that they reach consumers at reasonable prices; Common wheat 114-94 Whereas, moreover, cereals play a major part in the Rye 112-30 agricultural economy of the Community and the Barley 105-29 price of cereals affects the price of many agricultural products and therefore the income of persons Maize 102-77 engaged in agriculture ; Durum wheat 133-93

Whereas the target prices for the main cereals must ( b ) Basic intervention price : be fixed at rates which take account of the levels and Common wheat 105-80 intended trends of production, the uses made of those cereals and the improvement of farm incomes ; Barley 96-66

Whereas over recent years the target prices and ( c) Guaranteed minimum price for durum wheat : 155-33 intervention prices and the guaranteed minimum price have generally been adjusted, but to an extent which has proved insufficient in the light of economic Article 2 developments ; whereas the prices in question should

1 . Prices shall be increased by 1 % when all (!) OJ No 117, 19 . 6. 1967, p. 2269/67. Member States maintain at any given moment a (2) See p. 8 of this Official Journal. maximum spread of 2-25 % between their currencies.

No L 141 / 10 Official Journal of the European Communities 28 . 5 . 73

This provision shall be applicable as from the value in relation to the conversion rate used under 1973 /74 marketing year; the increase shall take effect the Common Agricultural Policy. on the first day of the month following the date determined in accordance with the first 3 . The Council, acting on a proposal from the subparagraph ; however, if the marketing year begins Commission in accordance with the voting procedure after that date, the increase shall take effect at the laid down in Article 43 (2) of the Treaty shall adopt beginning of that marketing year. the methods of implementation of this Article.

Article 3 2. This increase shall not be reflected in price levels expressed in terms of national currencies of This Regulation shall enter into force on 1 August Member States whose currencies have increased in 1973 .

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

Done at Brussels, 15 May 1973 .

For the Council The President

A. LAVENS