31975R0087

16 . 1 . 75 Official Journal of the European Communities No L 11 /3

REGULATION ( EEC) No 87 /75 OF THE COUNCIL of 13 January 1975 amending Regulation No 139/67 / EEC on the fixing of export refunds on cereals

THE COUNCIL OF THE EUROPEAN HAS ADOPTED THIS REGULATION : COMMUNITIES , Having regard to the Treaty establishing the European Article 1 Economic Community ; Having regard to Council Regulation No 120 / The following Article shall be added to Regulation No 139 / 67/ EEC : 67/ EECC ) of 13 June 1967 on the common organiza­ tion of the market in cereals, as last amended by Regu­ ' Article 4a lation ( EEC) No 85/ 75 ('), and in particular Article 16 ( 5) thereof ; 1 . The refund for the products referred to in Article 1 (a) and (b) of Regulation No 120 /67/ EEC Having regard to the proposal from the Commission ; may be fixed, where appropriate, by means of tenders . These tenders shall relate to the amount Whereas Regulation No 139/67/ EEC (3 ) of 21 June of the refund . 1967 laid down general rules for export refunds on cereals ; whereas the refund constitutes an instrument 2. The detailed rules for the application of para­ for permitting the continuation of export of cereals graph 1 shall be adopted in accordance with the products towards third countries ; whereas these procedure laid down in Article 26 of Regulation exports could be achieved hitherto by using the No 120 / 67/ EEC .' refund without any quantitative restriction ; whereas it is however important in certain situations, and particu­ larly in periods of uncertainty or of large price fluctua­ Article 2 tions on the world market, to ensure more precise management of exports ; whereas the fixing of the This Regulation shall enter into force on the third day refund by means of tenders seems to be a suitable following its publication in the Official Journal of method for attaining this objective , the European Communities.

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

Done at Brussels , 13 January 1975 . For the Council

The President

M. A. CLINTON

(') OJ No 117 , 19 . 6 . 1967 , p. 2269 / 67 . (-) Sec p. I of this Official Journal . (3) OJ No 125, 26. 6. 1 967," p. 2453/67 .