31975R1597

No L 163 / 24 26 . 6 . 75 Official Journal of the European Communities

REGULATION ( EEC) No 1597 / 75 OF THE COUNCIL of 24 June 1975 fixing the threshold price for olive oil for the 1975 /76 marketing year applicable from 27 June 1975

THE COUNCIL OF THE EUROPEAN Whereas the offer price for oils on the world market COMMUNITIES, is currently higher than the threshold price in force, but lower than that fixed by this Regulation for the Having regard to the Treaty establishing the European 1975/76 marketing year ; whereas, in order to ensure Economic Community ; that this fact does not further aggravate the situation Having regard to Council Regulation No 136/ on the Community market, it is necessary to bring 66/ EEC ( 1 ) of 22 September 1966 on the establish­ forward to 27 June 1975 the entry into force of the ment of a common organization of the market in oils threshold price valid for the 1975/76 marketing year, and fats, as last amended by Regulation ( EEC) No 1707/73 (2), and in particular the second paragraph of HAS ADOPTED THIS REGULATION : Article 4 and Article 36 thereof ; Article 1 Having regard to the proposal from the Commission ; The threshold price for olive oil for the 1975/76 Whereas the threshold price must be fixed in such a marketing year shall be 146*96 units of account per way as to enable the selling price of the imported 100 kilogrammes . product, at the frontier crossing point referred to in Article 13 (2) of Regulation No 136/66/EEC, to be Article 2 maintained at the level of the market target price ; whereas, when the costs currently incurred by the By way of derogation from the third paragraph of importer from the cif stage are taken into account, the Article 4 of Regulation No 136/66/ EEC, the threshold level of the threshold price should be fixed at three price for olive oil for the 1975/76 marketing year shall units of account below the level of the market target enter into force on 27 June 1975 . price ; Article 3 Whereas pursuant to the third paragraph of Article 4 of Regulation No 136/66/EEC, the threshold price This Regulation shall enter into force on the day of its enters into force on 1 November of each marketing publication in the Official Journal of the European Communities. year ;

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

Done at Luxembourg, 24 June 1975 . For the Council

The President

M. A. CLINTON

(') OJ No 172, 30 . 9 . 1966, p . 3025/66 . (-') OJ No L 175, 29 . 6 . 1973 , p . 5 .