31974R1861

19 . 7. 74 Official Journal of the European Communities No L 197/3

REGULATION ( EEC) No 1861 /74 OF THE COUNCIL of 15 July 1974 » amending Regulation No 121 /67/EEC as regards certain conditions for granting aid for private storage of pigmeat

THE COUNCIL OF THE EUROPEAN HAS ADOPTED THIS REGULATION : COMMUNITIES , Having regard to the Treaty establishing the European Article 1 Economic Community, and in particular Article 43 thereof ; The following subparagraph shall be added to Article Having regard to the proposal from the Commission ; 4 (2) of Regulation No 121 /67 / EEC :

Having regard to the Opinion of the European Parlia­ 'Where, however, the Community market price for ment ; pig carcases is at a level equal to or higher than 103 % and less than 105 % of the basic price, and Whereas Council Regulation No 121 /67/ EEC (') of 13 the price found in at least one representative June 1967 on the common organization of the market market, is below 94 % of the basic price, measures in pigmeat, as last amended by the Regulation (EEC) for aid for private storage may be decided upon in No 1 652/73 (2), set up a Community intervention the Member State concerned and in other Member system linked to the average price trend for pig States of the Community .' carcases on the representative markets of the Commu­ nity ; Article 2 Whereas to contribute towards the prevention of the development of a situation of abnormally low prices which might occur in certain representative markets, This Regulation shall enter into force on the third day the possibility should be envisaged of taking measures after its publication in the Official Journal of the apt to improve such a situation, and of taking preven­ Eu roped n Co m m u n ities. tive measures in particular ; whereby aid for private storage may constitute one such measure , It shall be valid until 31 October 1974 .

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

Done at Brussels , 15 July 1974 . For the Council

The President Christian BONNET

(•) OJ No 117, 19 . 6 . 1967, p . 2283/67 . (2 ) OJ No L 166, 23 . 6 . 1973 , p . 1 .