31975R0537

3.3.75 Official Journal of the European Communities No L 56 /33

REGULATION (EEC) No 537/75 OF THE COMMISSION

of 28 February 1975

amending Regulation (EEC) No 2778/74 on the granting at a standard rate fixed in advance of private storage aid for beef

THE COMMISSION OF THE EUROPEAN absence of and pending adoption of such rules, by COMMUNITIES, the rules of the Member State concerned, in which the amount involved in the transaction becomes due Having regard to the Treaty establishing the Euro­ and payable ; pean Economic Community ; Whereas, in the case of private storage aid for beef, Having regard to Council Regulation (EEC) No 805/ the conversion rate to be used for the purpose of 68 i1 ) of 27 June 1968 on the common organization calculating the amount of such aid in the national of the market in beef and veal, as last amended by currency should be the rate obtaining at the time of Regulation (EEC) No 1855 /74 (2), and in particular the conclusion of the relevant contract for private Article 8 (2) theroef; storage ;

Whereas under the first subparagraph of Article 4 (2) Whereas the measures provided for in this Regulation of Commission Regulation (EEC) No 2778/74 (3) of are in accordance with the Opinion of the Manage­ 31 October 1974 on the granting at a standard rate ment Committee for Beef and Veal , fixed in advance of private storage aid for beef, as amended by Regulation (EEC) No 259/75 (4), meat HAS ADOPTED THIS REGULATION : withdrawn from store prior to termination of the storage period must be exported within five working Article 1 days of such withdrawal ; whereas experience has In the first subparagraph of Article 4 (2) of Regu­ shown that this is too short a period; whereas it lation (EEC) No 2778/74, the words 'within five should therefore be lengthened; working days' are replaced by 'within 10 working Whereas, under Article 4 (2) of Council Regulation days'. (EEC) No 1134/68 (5) of 30 July 1968 laying down rules for the implementation of Regulation (EEC) Article 2 No 653 /68 on conditions for alterations to the value of the unit of account used for the common agricul­ The following Article is inserted after Article 8 a of Regulation (EEC) No 2778 /74 : tural policy, for transactions carried out within the framework of the common agricultural policy, the sums owed by a Member State or a duly authorized 'Article 8b body, expressed in national currency and represen­ ting amounts fixed in units of account, are to be The event within the meaning of Article 6 of paid on the basis of the relationship between the Regulation (EEC) No 1134/68 giving entitlement unit of account and the national currency which to aid for private storage shall be regarded as occurring on the date on which the relevant obtained at the time when the transaction or part­ contract is concluded .' transaction was carried out ;

Whereas Article 6 of that Regulation provides that Article 3 the time when a transaction is carried out is to be considered as being the date on which occurs the This Regulation shall enter into force on 3 March event, as defined by Community rules or, in the 1975 . This Regulation shall be binding in its entirety and directly applicable in all Member States . Done at Brussels, 28 February 1975 . For the Commission P. J. LARD IN O IS Member of the Commission

(*) OJ No L 148, 28 . 6. 1968, p. 24. (2) OJ No L 195, 18 . 7. 1974, p. 14. (3) OJ No L 294, 1 . 11 . 1974, p. 73 . (4) OJ No L 27, 1 . 2. 1975, p. 38 . (5) OJ No L 188 , 18 . 1 . 1968, p. 1 .