31973R1406

No L 139 / 30 Official Journal of the European Communities 26 . 5 . 73

REGULATION (EEC) No 1406/73 OF THE COUNCIL

of 25 May 1973

fixing a carry-over payment for stocks of common wheat, rye of breadmaking quality and maize remaining at the end of the 1972/73 marketing year

THE COUNCIL OF THE EUROPEAN 1973 , since in this case no cost increases have been COMMUNITIES , incurred as a result of storage ; whereas, since the carry-over payment is linked to the intervention Having regard to the Treaty establishing the Euro­ system, that payment should be made only in respect pean Economic Community ; of cereals of fair, sound and merchantable quality as defined by the rules adopted pursuant to Article 7 (5 ) of Regulation No 120/67/EEC ; Having regard to Council Regulation No 120/67/ EEC (*) of 13 June 1967 on the common organiza­ Whereas, when applied in the new Member States, tion of the market in cereals, as last amended by the carry-over payment must be adjusted in relation Regulation ( EEC ) No 1346/73 ( 2 ), and in particular to their price levels, which still differ from prices in Article 9 (1 ) and (5 ) thereof ; the Community as originally constituted ; whereas, in order to make such adjustment, the basis for Having regard to the proposal from the Commis­ calculation of the payment should be, not the target sion ; price, but the target price reduced by the 'accession' compensatory amount applicable to each cereal and Whereas the carry-over payment provided for in for each of the new Member States concerned ; Article 9 ( 1 ) of Regulation No 120/67/EEC is de­ whereas the carry-over payment must therefore be signed, in particular, to avoid large-scale transfers reduced in the new Member States by the difference of cereals to intervention agencies when the monthly between the 'accession' compensatory amount appli­ increases in intervention prices come to an end, when cable for 1972/73 and that applicable for 1973 /74 ; a large proportion of the stocks of cereals could be whereas, should this reduction give a negative figure, sold directly on the market before the new harvest ; the Community carry-over payment should be re­ whereas the position of stocks of common wheat duced to zero when applied in the new Member throughout the Community and of stocks of rye of States concerned : breadmaking quality in certain regions of the Com­ munity is such that the carry-over payment should be granted for such cereals ;

HAS ADOPTED THIS REGULATION : Whereas there is a risk of certain quantities of maize being offered to intervention agencies in particular Article 1 regions despite the general shortage throughout the Community ; whereas it is therefore desirable that a carry-over payment also be fixed for that cereal ; 1 . A carry-over payment shall be granted in respect whereas, since the marketing of a given harvest nor­ of stocks of common wheat and rye of breadmaking mally extends beyond the end of the marketing year, quality remaining in the Community at the end of the grant of a carry-over payment would prevent the 1972/73 marketing year. substantial quantities, which in the normal way would still be held in stock at the end of the market­ The amount of this payment shall be 9·56 units of ing year, from reaching the market only during the account per metric ton in respect of common wheat last few months of that year ; and 1·79 units of account per metric ton in respect of rye of breadmaking quality. Whereas the amount of the carry-over payment should be defined as the difference between the target 2 . In the new Member States the payment in res­ prices fixed for the 1973/74 marketing year and those pect of common wheat and of rye of breadmaking applicable for the last month of the present marketing quality shall be as follows : year ; Rye of breadmaking Whereas the carry-over payment cannot be granted Common wheat quality in respect of cereals harvested in the Community in Denmark 7·98 1·79

Ireland 8·37 (!) OJ No 117, 19 . 6 . 1967 , p . 2269/67 . United Kingdom 3·35 (2) OJ No L 141 , 28 . 5 . 1972 , p . 8 .

26 . 5 . 73 Official Journal of the European Communities No L 139 /31

Article 2 the 1973 harvest nor in respect of cereals which are not of the minimum quality required for intervention The amount of the carry-over payment to be granted buying. Moreover, as regards rye of breadmaking in accordance with Article 9 (2) of Regulation No quality which does not satisfy the conditions laid 120/67/EEC in respect of stocks of maize remaining down for price increases in accordance with Article in the surplus production areas at the end of the 7 (5 ) of Regulation No 120/67/EEC, the carry-over 1972/73 marketing year shall be 5·78 units of account payment shall not be granted. per metric ton .

Article 4 Article 3 This Regulation shall enter into force on the day The carry-over payments provided for in Articles 1 following its publication in the Official Journal of and 2 shall not be granted in respect of cereals of the European Communities.

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

Done at Brussels , 25 May 1973 .

For the Council

The President

A. LAVENS