31974R2932

No L 311 / 10 Official Journal of the European Communities 22 . 11 . 74

REGULATION ( EEC ) No 2932/ 74 OF THE COUNCIL of 18 November 1974 on the grant and financing of a subsidy on sugar produced in excess of the maximum quota and on the financing of the subsidy on sugar imports

THE COUNCIL OF THE EUROPEAN HAS ADOPTED THIS REGULATION : COMMUNITIES , Article 1 Having regard to the Treaty establishing the European Economic Community, and in particular Article 43 1 . A decision may be taken to grant a subsidy in thereof ; respect of sugar produced in excess of the maximum quota in the Community during the 1973 / 74 and Having regard to the proposal from the Commission ; 1974/75 sugar years and which under Article 25 of Regulation No 1009 /67/ EEC , should be exported to Having regard to the Opinion of the European Parlia­ third countries . ment ; 2 . The introduction of the subsidy and detailed Whereas, under Article 16 of Council Regulation No rules for the application of this Article shall be 1009 /67/ EEC (') of 18 December 1967 on the adopted in accordance with the procedure laid down common organization of the market in sugar, as last in Article 40 of Regulation No 1009 / 67 / EEC . amended by Regulation ( EEC ) No 2476 /74 (-), a subsidy on imports of white and raw sugar was Article 2 decided on by Council Regulation ( EEC ) No 2931 / 74 ( 3 ); As regards the financing of the common agricultural policy, the subsidy : Whereas, in order to limit as far as possible the finan­ — granted on imports of sugar pursuant to Article 16 cial consequences of such imports and to uphold of Regulation No 1009 / 67 / EEC , or Community preference, the field of action of inte­ rested parties should be enlarged to include Commu­ — granted in respect of sugar produced in excess of nity sugar produced in excess of the maximum quota the maximum quota pursuant to Article I , which , under Article 25 of Regulation No 1009 / shall be regarded as intervention measures intended to 67 / EEC, should be exported to third countries ; regularize agricultural markets .

Whereas the financing of subsidies on sugar imports Article 3 under Regulation ( EEC) No 2931 / 74 , and under this Regulation is a task for the Community as a whole This Regulation shall enter into force on the third day within the framework of the regularization of agricul­ following its publication on the O/ficiiil Joimnil of tural markets, the Euro bean Communities.

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

Done at Brussels , IX December 1974 .

For the Council

The President

Ch . BONNET

(') Ol No 30X , IS . 12 . 1967, p. I. (') O) No L 264, 1 . 10 . 1 974, p. 70 . ( 3 ) Sec page H of this Official Journal .