31974R2682

25 . 10 . 74 Official Journal of the European Communities No L 288 / 3

REGULATION ( EEC) No 2682 / 74 OF THE COUNCIL of 21 October 1974 altering the intervals at which the standard values are fixed to be used in calcu­ lating financial compensation in respect of fishery products

THE COUNCIL OF THE EUROPEAN Whereas the prices of products withdrawn from the COMMUNITIES , market and intended for purposes other than human consumption can therefore be expected to rise ; Having regard to the Treaty establishing the European whereas the standard value fixed solely at the begin­ Economic Community, and in particular Article 43 ning of the fishing year is thus no longer adequate to thereof ; take account of the actual market situation ; whereas Having regard to the proposal from the Commission ; provision should therefore be made for altering the standard value in the light of the market situation Having regard to the Opinion of the European Parlia­ during the said fishing year, ment ; Whereas, under the second subparagraph of Article 10 (3) of Council Regulation ( EEC) No 2142/70 (') of 20 HAS ADOPTED THIS REGULATION : October 1970 on the common organization of the market in fishery products , as last amended by Regula­ Article 1 tion ( EEC ) No 3159 / 73 ( 2 ), the financial compensation granted to producers' organizations is to be reduced The second subparagraph of Article 10 (3) of Regula­ by the standard values, fixed at the beginning of the tion ( EEC) No 2142/ 70 is replaced by the following : fishing year, for products for purposes other than human consumption , or by net receipts from sales of 'This amount shall be reduced by the standard products for human consumption obtained in accor­ values of products intended for purposes other dance with paragraph 2 of that Article ; than human consumption or by net receipts from sales of products for human consumption obtained Whereas the fishing year covers the whole calendar in accordance with paragraph 2 . The aforesaid year ; values shall be fixed at the beginning of the Whereas a marked increase has been recorded on fishing year ; they shall , however, be changed if Community markets in the prices paid for products major and lasting price variations are recorded on for purposes other than human consumption during Community markets .' the last period for which a standard value was fixed ; whereas this trend can be expected to continue ; Article 2 Whereas it is unlikely that the Community shortage of high-protein products , among which fish meal is This Regulation shall enter into force on 1 January an important product, will change in the near future ; 1 975 .

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

Done at Luxembourg, 21 October 1974 . For the Council

The President Ch . BONNET

(') 0 | No L 236 , 27 . 10 . 1970 , p. 5 . (-) OJ No L 322 , 23 . 1 1 . 197 }, p. 4 .