31973R1755

30 . 6 . 73 Official Journal of the European Communities No L 176/73

REGULATION (EEC) No 1755 /73 OF THE COMMISSION of 29 June 1973 fixing the amount of the reimbursement and amount of the levy for offsetting storage costs for sugar for the 1973/74 marketing year

THE COMMISSION OF THE EUROPEAN Whereas, pursuant to Article 4 of Regulation (EEC) COMMUNITIES, No 750/68, the quantity in store to be taken into consideration for the reimbursement of one month's storage costs is equal to the average quantities of sugar Having regard to the Treaty establishing the European held in store at the beginning and at the end of the Economic Community ; month in question ; whereas, for the 1973/74 marketing year, the quantities in store each month may be estimated on the basis of anticipated stocks at the beginning of that year, estimated monthly produc­ Having regard to Council Regulation No 1009/ tion, the quantities likely to be imported in the 67/ EEC ( 1 ) of 18 December 1967 on the common month under consideration and the quantities likely organization of the market in sugar, as last amended to be disposed of for domestic consumption or by Regulation (EEC) No 1014/73 (2), and in particular exported during the same month ; whereas total Article 8 (3) thereof ; average monthly stocks during the 1973/74 marketing year can be estimated at approximately 52-1 million metric tons of sugar expressed as white sugar ; whereas Whereas Article 8(1 ) of Regulation 1009/67/ EEC lays total reimbursement can thus be estimated at approxi­ down that storage costs for sugar and certain Commu­ mately 90-6 million units of account for the 1973/74 nity syrups shall be reimbursed at a flat rate by the marketing year ; Member States and that Member States shall charge a levy on each sugar manufacturer per unit of weight of sugar disposed of ; whereas, in accordance with the same paragraph, the amount of the reimbursement and the amount of the levy must be the same throughout the Community ; Whereas Article 9 of Regulation (EEC) No 750/68 specifies that the amount of the levy shall be calcu­ lated by dividing total anticipated reimbursements by Whereas Article 5 of Council Regulation (EEC) No the anticipated quantity of sugar which will be 750/68 (3) of 18 June 1968 laying down general rules disposed of during the sugar marketing year in ques­ for offsetting storage costs for sugar, as last amended tion and produced within the maximum quotas ; by Regulation (EEC) No 152/71 (4), provides that the whereas total anticipated reimbursements are to be amount of the reimbursement shall be fixed per increased or decreased as the case may be by the month and per unit of weight, taking into considera­ amounts carried forward from preceding sugar tion the costs of financing and insurance and specific marketing years ; whereas there is a surplus of storage costs ; whereas Article 3 of Commission Regu­ 2 352 270 units of account for the 1968 / 69 to 1971 /72 lation (EEC) No 442/70 (5) of 9 March laying down marketing years ; whereas the anticipated balance for detailed rules for the application of the system of the 1972/73 marketing year may be assessed as a offsetting storage costs for sugar, as last amended by deficit of 501 000 units of account ; whereas Article 3 Regulation (EEC) No 700/73 (6), lays down that the of Regulation ( EEC) No 442/70 lays down that the reimbursement shall be fixed per 100 kilogrammes of levy is fixed per 100 kg of white sugar ; whereas the white sugar ; quantity of Community sugar which will be disposed of during the 1973 /74 marketing year for home consumption or for export may be estimated at Whereas the financing costs may, at present, be calcu­ approximately 8-9 million metric tons of sugar lated on the basis of an interest rate of 7 % per year ; expressed as white sugar ; whereas the amount of the whereas insurance costs may be assessed at from 1 -5 levy should therefore be 0-994 unit of account per 100 to 2 per thousand per year ; whereas insurance costs kilogrammes of white sugar ; and specific storage costs be evaluated at 0-37 unit of account per metric ton and per month ;

(') OJ No 308 . 18 . 12. 1967, p . 1 . (/) OJ No L 106, 20 . 4 . 1973 , p . 1 . Y) OJ No L 137, 21 . 6. 1968, p. 4. Whereas the measures provided for in this Regulation C ) OJ No L 22, 28 . 1 . 1971 , p . 1 . (5) OJ No L 55 , 10. 3 . 1970 , p . 10 . are in accordance with the Opinion of the Manage­ (o) OJ No L 67, 14. 3 . 1973, p. 12. ment Committee for Sugar ;

No L 176/74 30 . 6 . 73 Official Journal of the European Communities

HAS ADOPTED THIS REGULATION : 2. For the 1973/74 marketing year, the amount of the levy referred to in Article 8 of Regulation No Article 1 1009/67/EEC is hereby fixed at 0-994 unit of account per 100 kilogrammes of white sugar. 1 . For the 1973/74 marketing year, the amount of the reimbursement referred to in Article 8 of Regula­ tion No 1009/67/EEC is hereby fixed at 01 74 unit of Article 2 account per 100 kilogrammes of white sugar per month . This Regulation shall enter into force on 1 July 1973.

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

Done at Brussels, 29 June 1973 . For the Commission The President

Francois-Xavier ORTOLI