31974R2523

No L 270/72 Official Journal of the European Communities 5 . 10 . 74

REGULATION (EEC) No 2523/74 OF THE COMMISSION of 4 October 1974 amending Regulation (EEC) No 711/74 authorizing the United Kingdom to grant a national supplementary consumer subsidy for butter

THE COMMISSION OF THE EUROPEAN this supplementary subsidy must be adjusted in line COMMUNITIES, with the price increases taking effect on 7 October 1974 and the simultaneous adjustment of the Having regard to the Treaty (x) concerning the representative rate of the pound; accession of new Member States to the European Economic Community and to the European Atomic Whereas the measures provided for in this Regulation Energy Community, and in particular Article 63 of are in accordance with the Opinion of the the Act annexed thereto ; Management Committee for Milk and Milk Products,

Whereas Commission Regulation (EEC) No 711 /74 (2) HAS ADOPTED THIS REGULATION : of 29 March 1974 authorizes the United Kingdom, as a transitional measure, to grant a national consumer subsidy for butter over and above the subsidy provided Article 1 for in Council Regulation (EEC) No 1191/73 (3) of 8 May 1973 ; whereas the maximum amount of this In Article 1 of Regulation (EEC) No 711/74, the national subsidy was fixed at a level which would amount ' 17 units of account' is replaced by the cover the increase in intervention prices at the amount '26-50 units of account'. beginning of the 1974/75 milk year, thereby allowing an adequate reduction in the retail price of butter; Article 2 Whereas, since the economic situation in the United Kingdom remains unchanged and to prevent further This Regulation shall enter into force on 7 October serious difficulties arising, the maximum amount of 1974 .

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

Done at Brussels, 4 October 1974.

For the Commission

The President

Francois-Xavier ORTOLI

(*) OJ No L 73 , 27. 3. 1972, p. 5 . (2) OJ No L 88 , 1 . 4 . 1974, p. 13 . (8) OJ No L 122, 9 . 5.1973 , p. 5 .