31975R1959

No L 200/4 Official Journal of the European Communities 31 . 7 . 75

REGULATION ( EEC) No 1959/ 75 OF THE COUNCIL

of 28 July 1975

on the granting of aid for the private storage of skimmed-milk powder

THE COUNCIL OF THE EUROPEAN HAS ADOPTED THIS REGULATION : COMMUNITIES , Article 1 Having regard to the Treaty establishing the European During the period from 1 August to 30 September Economic Community ; 1975, private storage aid contracts for skimmed-milk powder may be concluded with the intervention Having regard to Council Regulation ( EEC) No agency of the Member State on the territory of which 804/ 68 (') of 27 June 1968 on the common organiza­ is situated the warehouse in which the product will be tion of the market in milk and milk products as last stored . amended by Regulation ( EEC) No 740/75 (2 ), and in particular Article 7 (4) thereof ; The intervention agency shall conclude contracts with any party fulfilling the conditions to be laid down . Having regard to the proposal from the Commission ; The granting of aid shall be limited to a maximum

period of three months. Whereas Article 7 (3) of Regulation ( EEC) No 804/68 lays down that aid may be granted for the storage of Article 2 first-quality skimmed-milk powder produced in the A flat rate amount of aid shall be fixed in advance, Community, if it complies with certain conditions ; taking into account storage costs, the cost of finance and the market situation . Whereas the state of the Community market in skim­ med-milk powder is marked by the existence of abnor­ Article 3 mally large public stocks ; whereas, in view of the high costs which result from prolonged public storage The storage contract shall include provisions relating and in order to achieve a better balance between in particular to :

public and private stocks, private storage should be (a) the quantity of skimmed-milk powder ; encouraged so as to allow operators to postpone (b) the amount of aid ; putting stocks on the market until better market (c) the dates for the performance of the contract ; opportunities are likely to occur ; whereas the granting (d) supervision measures which must relate in parti­ of aid for the private storage of skimmed-milk powder cular to the nature of the stocks and to ensuring may provide the required incentive ; that the quantities stored correspond to those declared . Whereas it is therefore necessary to lay down the rules governing the granting of that aid and the criteria for Article 4 the fixing thereof, particular account being taken of This Regulation shall enter into force on the day of its the storage costs ; whereas, in order to ensure equal publication in the Ofjcidl Journal of the European opportunity for those concerned , provision should be Communities. made for a storage contract drawn up in accordance with Community rules, It shall apply as from 1 August 1975 .

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

Done at Athens, 28 July 1975 .

For the Council

The President

M. RUMOR

(') OJ No L 148 , 28 . 6 . 1968 , p . 13 . (-') OJ No L 74, 22. 3 . 1975 , p . 1 .