31974R1686

30 . 6 . 74 Official Journal of the European Communities No L 176/ 3

REGULATION ( EEC) No 1686 / 74 OF THE COUNCIL of 27 June 1974 fixing for the 1974/ 75 marketing year the monthly increase in the target and intervention prices for oil seeds

THE COUNCIL OF THE EUROPEAN Whereas, takirfg into account the aforesaid require­ COMMUNITIES , ments , the monthly increases for the 1974/ 75 marketing year should be fixed at a level higher than Having regard to the Treaty establishing the European that of the preceding marketing year ; Economic Community ; Whereas the experience gained during the 1973/74 Having regard to Council Regulation No 136/ marketing year and harvest forecasts do not justify, for 66/ EEC (') of 22 September 1966 on the establish­ the 1974/ 75 marketing year, the determination of a ment of a common organization of the market in oils number of monthly increases different from that laid and fats , as last amended by Regulation ( EEC) No down for the preceding marketing year, 1 707/73 (-), and in particular Article 25 thereof ;

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

Whereas, in accordance with Article 25 of Regulation Article 1 No 136 / 66 / EEC , the amount by which the target and , intervention prices for colza , rape seed and sunflower 1 . For the 1974/75 marketing year, the amount of seeds are increased monthly from the beginning of the monthly increases applicable to colza and rape the third month of the marketing year should be fixed seed shall be 0-230 unit of account per 100 kilo­ for the 1974/ 75 marketing year, and the number of grammes . months during which such increases are to be applied should be determined ; whereas such amount must be 2. These increases shall apply for seven months . the same for both prices ; Article 2 Whereas such increases must be the same for each ' month and be fixed by reference to average storage 1 . For the 1974/75 marketing year, the amount of and interest charges , recorded in the Community ; the monthly increases applicable for sunflower seed whereas average storage charges should be determined shall be 0-270 unit of account per 100 kilogrammes. on the basis of the cost of storing the seed in suitable 2 . These increases shall apply for five months . places and of the handling charges necessary to keep the seixl in good condition ; whereas interest charges Article 3 may be calculated on the basis of the rate considered as normal for the production areas ; 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 Luxembourg, 27 June 1974 .

For, the Council

The President

K. GSCHEIDLE

(') OJ No rj . U ). 4 . p. ,M)2V66 . (-) Oj No I. r \ 24 . 6 . I 1)-.?, p. 5 .