31973R1355

28 . 5 . 73 Official Journal of the European Communities No L 141 /27

REGULATION (EEC) No 1355 /73 OF THE COUNCIL of 15 May 1973

fixing the production target price for olive oil for the 1973 /74 marketing year

THE COUNCIL OF THE EUROPEAN COMMUNITIES , Whereas the target price referred to above must be fixed in accordance with the criteria laid down in Articles 4 and 5 of Regulation No 136/66/EEC for a Having regard to the Treaty establishing the determined standard quality ; European Economic Community, and in particular Article 43 thereof; Whereas the reasons which led to the determination of the standard quality for the preceding marketing Having regard to Council Regulation No year are still valid ; whereas that standard quality 136/66/EEC (*) of 22 September 1966 on the should therefore remain the same ; common organization of the market in oils and fats, as last amended by the Act (2) concerning the Whereas application of those criteria entails fixing Conditions of Accession and the Adjustments to the the production target price at a higher level than that Treaties, and in particular Article 4 ( 1 ) thereof; adopted for the preceding marketing year;

Having regard to the proposal from the Commission ; HAS ADOPTED THIS REGULATION :

Having regard to the Opinion of the European Article 1 Parliament; For the 1973/74 marketing year, the production Whereas, when the production target price for olive target price for olive oil shall be 137-17 units of oil is fixed, account should be taken of the objectives account per 100 kilogrammes. of the Common Agricultural Policy and of the contribution which the Community desires to make Article 2 to the harmonious development of world trade; whereas the objectives of the Common Agricultural Policy are in particular to ensure a fair standard of The price referred to in Article 1 relates to semi-fine living for the agricultural community, to ensure that virgin olive oil with a free fatty acid content, supplies are available and that they reach consumers expressed as oleic acid, of 3 grammes per 100 at reasonable prices ; grammes .

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

(!) OJ No 172, 30. 9 . 1966, p. 3025/66. (2) OJ No L 73 , 27. 3 . 1972, p. 14.