31974R1672

29 . 6 . 74 Official Journal of the European Communities No L 175/73

REGULATION ( EEC) No 1672/74 OF THE COMMISSION of 28 June 1974 fixing the amount of the reimbursement and the amount of levy for offsetting storage costs for sugar for the 1974/75 marketing year

THE COMMISSION OF THE EUROPEAN month and per unit of weight, taking into considera­ COMMUNITIES , tion the costs of financing and insurance and specific storage costs ; whereas Article 3 of Commission Regu­ Having regard to the Treaty establishing the European lation (EEC) No 442/70 (7) of 9 March 1970 laying Economic Community ; down detailed rules for the application of the system of offsetting storage costs for sugar, as last amended by Having regard to Council Regulation No 1009 / Regulation (EEC) No 700/73 (s), lays down that the 67/ EEC (') of 18 December 1967 on the common reimbursement shall be fixed per 100 kilogrammes of organization of the market in sugar, as last amended white sugar ; by Regulation ( EEC) No 1 602/74 (2), and in particular Articles 8 (3) and 37 (2) thereof ; Whereas the financing costs may, at present, be calcu­ Whereas Article 8(1 ) of Regulation No 1009/67/ EEC lated on the basis of an interest rate of 8 % per year ; lays down that storage costs for sugar and certain whereas insurance costs may be assessed at from 0-15 Community syrups shall be reimbursed at a flat rate to 0-2 % per year ; whereas insurance costs and by the Member States and that Member States shall specific storage costs can be evaluated at 0-41 unit of charge a levy on each sugar manufacturer per unit of account per metric ton and per month ; weight of sugar disposed of ; whereas, in accordance with the same paragraph , the amount of the reimburse­ ment and the amount of the levy must be the same Whereas, pursuant to Article 4 of Regulation (EEC) No 750/68 , the quantity in store to be taken into throughout the' Community. consideration for the reimbursement of one month 's Whereas Commission Regulation (EEC) No 834/74 (3) storage costs is equal to the average quantities of sugar of 5 April 1974 laying down requisite provisions to held in store at the beginning and at the end of the prevent the sugar market being disturbed as a result of month in question ; whereas, for the 1974/75 the price increase in this sector for the 1974/75 sugar marketing year, the quantities in store each month marketing year, amended . by Regulation (EEC) No may be estimated on the basis of anticipated stocks at 1495/74 (4 ), has amended , in Article 1 , the amount of the beginning of that year, estimated monthly produc­ levy applicable for the period from 15 April 1974 to tion , the quantities likely to be imported in the 30 June. 1974 resulting in manufacturers incomes month under consideration and the quantities likely from sugar sales being increased successively until the to be disposed of for domestic consumption or beginning of the subsequent sugar marketing year ; exported during the same month ; whereas total whereas, to meet the objectives of Regulation (EEC) average monthly stocks during the 1974/75 marketing No 834/74, it is necessary at the beginning of the year can be estimated at approximately 49-2 million 1974/75 sugar marketing year, to fix the amount of metric tons of sugar expressed as white sugar ; whereas levy in such a way, that the incomes will continue to total reimbursement can thus be estimated at approxi­ increase successively ; whereas it is convenient to limit mately 103 2 million units of account for the 1974/75 this period of adaptation to two months ; whereas, marketing ^ear ; however, the production period and the marketing period for sugar produced in the French overseas Whereas Article 9 of Regulation ( EEC) No 750/68 departments are completely different from the other specifies that the amount of the levy shall be calcu­ areas of the Community ; whereas, as a result thereof, lated by dividing total anticipated reimbursement by an appropriate system should be applicable for these the anticipated quantity of sugar which will be departments ; disposed of during the sugar marketing year in ques­ Whereas Article 5 of Council Regulation (EEC) No tion and produced within the maximum quotas ; 750/68 (5 ) of 18 June 1968 laying down general rules whereas total anticipated reimbursements arc to be for offsetting storage costs for sugar, as last amended increased or decreased as the case may be by the by Regulation ( EEC) No 152/71 (6), provides that the amount carried forward from preceding sugar marketing years ; amount of the reimbursement shall be fixed per

(') OJ No 308 , 18 . 12 . 1967, p. I. Whereas there is a surplus of 2 683 690 units of (-') OJ No L 172, 27 . 6 . 1974, p. 7 . account for the 1968 /69 to 1972/73 marketing years ; (3) OJ No L 99, 9 . 4. 1974, p. 15 . H OJ No L 15 «, 15 . 6 . 1974, p. 20 . (5) OJ No L 137, 21 . 6 . 1968 , p. 4 . (7) OJ No L 55 , 10 . 1 1970 , p. 10 . (b) OJ No L 22, 28 . 1 . 1971 , p. 1 . (s ) Ol No L 67 , 14 . 3 . 1973 , p. 12 .

No L 17.5/ 74 Official Journal of the European Communities 29 . 6 . 74

whereas the anticipated balance for the 1973/74 of Regulation No 1009/67/ EEC is hereby fixed at marketing year may be assessed as a surplus of 9-6 0-21 unit of account per 100 kilogrammes of white million units of account ; whereas the increase of the sugar per month . amount of levy applicable for the months of July and August 1974 will result in increasing receipts of about 2. For the 1974/75 sugar marketing year the 3-5 million units of account ; whereas Article 3 of amount of levy referred to in Article 8 of Regulation Regulation ( EEC) No 442/70 lays down that the levy No 1009/67/ EEC is hereby fixed per 100 kilo­ is fixed per 100 kg of white sugar ; whereas the quan­ grammes of white sugar at : tity of Community sugar which will be disposed of during the 1974/75 marketing year for home (a) 1-35 units of account for July 1974 ; consumption or for export may be estimated at (b) 1-20 units of account for August 1974 ; approximately 8-7 million metric ions of sugar expressed as white sugar ; whereas the amount of the (c) one unit of account for the period from 1 levy should therefore be one unit of account per 100 September 1974 to 30 June 1975 . kilogrammes of white sugar ; Whereas the measures provided for in this Regulation By way of derogation to the preceding subparagraph are in accordance with the Opinion of the Manage­ the amount of levy per 100 kilogrammes of white ment Committee for Sugar, sugar applicable to the French overseas departments is hereby fixed at one unit of account for the 1974/75 sugar marketing year. HAS ADOPTED THIS REGULATION :

Article 1 Article 2 1 . For the 1974/75 sugar marketing year, the amount of the reimbursement referred to in , Article 8 This Regulation shall enter into force on 1 July 1974.

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

Done at Brussels, 28 June 1974.

For the Commission

The President Francois-Xavier ORTOLI