31973R3208

No L 327/ 14 Official Journal of the European Communities 28 . 11 . 73

REGULATION EEC No 2308 / 73 OF THE COUNCIL of 27 November 1973 fixing the monthly increases in the market target price, the intervention price and the threshold price for olive oil for the 1973/74 marketing year

THE COUNCIL OF THE EUROPEAN and interest charges in the Community, the storage COMMUNITIES, costs should be established on the basis of the cost of storing oil in the appropriate premises and of the Having regard to the Treaty establishing the European handling required for preserving the oil in good condi­ Economic Community ; tion ; whereas the interest charges can be calculated Having regard to Council Regulation No 136/ on the average price of olive oil in production areas, 66/ EEC (') of 22 September 1966 on the establish­ ment of a common organization of the market in oils HAS ADOPTED THIS REGULATION : and fats, as last amended by Regulation (EEC) No 1707/73 (2), and in particular Article 9 thereof ; Article 1 Having regard to the proposal from the Commission ; For the 1973/74 marketing year the amount of the Whereas under Article 9 of Regulation No 136/ monthly increases referred to in Article 9 of Regula­ 66/ EEC the market price, the intervention price and tion No 136/66/EEC and applicable with effect from the threshold price for olive oil must be increased 1 January 1974 shall be 0-75 unit of account per 100 each month for a period of 10 months beginning on 1 kilogrammes . January 1974 ; whereas these increases must be the same for all three prices ; Article 2

Whereas in fixing these increases the same for each This Regulation shall enter into force on 1 January month, account being taken of average storage costs 1974 .

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

Done at Brussels, 27 November 1973 .

For the Council

The President lb FREDERIKSEN

(») OJ No 172, 30 . 9 . 1966, p. 3025/66 . (2) OJ No L 175, 29 . 6 . 1973 , p . 5.