31974R1765

No L 185/8 Official Journal of the European Communities 9 . 7 . 74

REGULATION ( EEC) No 1765 /74 OF THE COMMISSION of 8 July 1974 amending Regulation (EEC) No 1493/71 as regards the calculation of price increases and reductions applicable to intervention in durum wheat, barley, maize and rye

THE COMMISSION OF THE EUROPEAN Price increases and reductions applicable to COMMUNITIES, common wheat shall be calculated by application of the percentages provided for in Articles 3, 4 and Having regard to the Treaty establishing the European 6 to the basic intervention price valid at the begin­ Economic Community ; ning of the marketing year. Derived intervention Having regard to Council Regulation No 120/ prices shall be increased or reduced by the amount 67/EEC ( 1 ) of 13 June 1967 on the common organiza­ of the price increases or reductions thus calcu­ tion of the market in cereals, as last amended by Regu­ lated'. lation (EEC) No 11 25/74 (2), and in particular Article 7 (5) thereof ; Whereas Commission Regulation (EEC) No Article 2 1493/71 (3) of 13 July 1971 on price increases and reductions applicable to intervention in cereals, as last amended by Regulation (EEC) No 2070/73 (4), The text of Article 2 (2) of Regulation (EEC) No provides in Article 2 ( 1 ) that price increases and reduc­ 1493/71 is replaced by the following : tions shall be calculated by applying the percentages provided for in Articles 3, 4 and 6 to the basic inter­ 'Price increases and reductions applicable to vention price valid at the beginning of the marketing durum wheat, barley, maize and rye shall be calcu­ year ; lated by application of the percentages provided for in Articles 3, 4 and 6 to the single intervention Whereas in the cases of durum wheat, barley, maize price valid for each of these cereals at the begin­ and rye, cereals for which a basic intervention price ning of the marketing year. has not been provided, a single intervention price for each of those cereals, valid in all the marketing However for the application in the new Member centres appointed for those cereals has been fixed for States until the 31 December 1977 of the provi­ the Community ; whereas it is thus advisable to fix for sions of the previous paragraph , the single inter­ these cereals a method of calculating, by reference to vention price shall be reduced by the accession the single intervention price the price increases and compensatory amount applicable, as regards each reductions applicable to intervention ; - Member State, to trade in the cereal in question Whereas the measures provided for in this Regulation with the Community as originally constituted'. are in accordance with the Opinion of the Manage­ ment Committee for Cereals,

HAS ADOPTED THIS REGULATION : Article 3

Article 1 This Regulation shall enter into force on the day The text of the first paragraph of Article 2 ( 1 ) of Regu­ following its publication in the Official Journal of lation (EEC) No 1493/71 is replaced by the following : the European Communities.

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

Done at Brussels, 8 July 1974. For the Commission The President Francois-Xavier ORTOL1

(>) OJ No 117, 19 . 6. 1967, p . 2269/ 67 . (2) OJ No L 128 , 10 . 5 . 1974, p . 12 . (3 ) OJ No L 157, 14. 7. 1971 , p. 21 . (4) OJ No L 210, 31 . 7 . 1973 , p. 29 .