31974R2803

8 . 11 . 74 Official Journal of the European Communities No L 300/ 1

I

(Acts whose publication is obligatory)

REGULATION ( EEC) No 2803/ 74 OF THE COUNCIL of 7 November 1974 amending Regulation ( EEC) No 1967/74 with a view to authorizing certain Member States to grant an interest subsidy on loans advanced for the retention of young cattle on the farm

THE COUNCIL OF THE EUROPEAN , it seems unnecessary therefore to provide for the COMMUNITIES, granting of an interest subsidy in the areas where the system is applied ; Having regard to the Treaty establishing the European Economic Community ; Whereas the measure provided for in this Regulation will have no effect on financial charge to the Commu­ Having regard to Council Regulation (EEC) No nity as defined in Council Regulation ( EEC) No 805/ 68 ( l ) of 27 June 1968 on the common organiza­ 2504/74 (5) of 2 October 1974 relating to the tion of the market in beef and veal , as last amended financing of the system of premiums for the orderly by Regulation (EEC) No 1 855/74 (2), and in particular marketing of certain adult bovine animals for Article 22a (2) thereof ; slaughter, and for the retention of cattle,

Having regard to the proposal from the Commission ;

Whereas Regulation (EEC) No 1 967/74 (3), as HAS ADOPTED THIS REGULATION : amended by Regulation ( EEC) No 2502/74 (4), intro­ duced a system of premiums for the orderly marketing of adult bovine animals for slaughter ; Article 1 whereas this premium , which is intended to encourage producers to retain their animals for an additional period of time before slaughter, is only The following Article is added to Regulation (EEC) No 1967 / 74 : granted at the time of slaughter ;

Whereas, as a result of the high costs of animal food­ stuffs and of finance, small producers, in particular, ' Article 4a could experience difficulties . in delaying marketing with a view to benefiting from this premium ; whereas 1 . Member States which grant, under Article 1 , it seems appropriate therefore to provide for the a premium of an amount lower than the granting of an interest subsidy, within the present maximum amounts referred to in Article 2 and in system , intended to contribute towards achieving the which the market price of adult bovine animals, aims of Regulation ( EEC) No 1967/74 ; recorded pursuant to Article 10 ( 5) of Regulation ( EEC) No 805 / 68 and applicable to determine the Whereas the grant of the interest subsidy should be levies valid for the week beginning 4 November limited to producers whose farms are situated in a 1974, is lower than 60 units of account for 100 kg Member State in which the market price is at present live weight, are authorized to grant an interest at a particularly low level ; subsidy on loans advanced with the aim of retaining young cattle on the farm , using national Whereas the system of retention premiums for live funds up to the difference between the said cattle, as laid down by Article 2 of Regulation ( EEC) maximum amounts and the amounts actually paid . No 2502/ 74, does not raise these problems ; whereas 2 . The interest subsidy can be granted for no (') OJ No L 148 , 28 . 6 . 1968 , p. 24. more than 25 young cattle per farm . \2) OJ No L 195, 18 . 7. 1974, p. 14. (3) OJ No L 206, 27 . 7. 1 974, p. 1 . 4 OJ No L 268 , 3 . 10 . 1974, p. 12 . ( s ) 0 | No L 269 , 4 . 10 . 1974, p. 1 .

No L 300/2 Official Journal of the European Communities 8 . 11 . 74

The granting of the interest subsidy is dependant Article 2 upon the presentation, by the producer, of a request, accompanied by a written undertaking to retain on the farm managed when the request is lodged, for a period of at least three months from This Regulation shall enter into force on the day of its that date, the young cattle for which he requests publication in the Official Journal of the European Communities. the interest subsidy.'

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

Done at Brussels, 7 November 1974. For the Council The President

A. JARROT