31975R2965

No L 295/2 14.. 11 . 75 Official Journal of the European Communities

REGULATION (EEC) No 2965/75 OF THE COUNCIL of 10 November 1975 fixing the monthly increases in the market target price, the intervention price and the threshold price for olive oil for the 1975/76 triarketing year

THE COUNCIL OF THE EUROPEAN storage costs should be established on the basis of the COMMUNITIES, cost of storing oil in the appropriate premises and of the handling required for preserving the oil in good Having regard to the Treaty establishing the European condition ; whereas the interest charges can be calcu­ Economic Community ; lated with reference to the average price of olive oil Having regard to Council Regulation No 136/ valid in production areas, 66/EEC ( 1 ) of 22 September 1966 on the establish­ ment of a common organization of the market in oils HAS ADOPTED THIS REGULATION : and fats, as last amended by Regulation (EEC) No 1 707/73 (2), and in particular Article 9 thereof ; Article 1 Having regard to the proposal from the Commission ; For the 1975/76 marketing year the amount of the Whereas under Article 9 of Regulation No 136/ monthly increases referred to in Article 9 of Regula­ 66/ EEC the market target price, the intervention price tion No 136/66/EEC and applicable with effect from and the threshold price for olive oil must be increased 1 January 1976 shall be 110 units of account per 100 each month for a period of 10 months beginning on 1 kilogrammes. January 1976 ; whereas these increases must be the same for all three prices ; Article 2 Whereas in fixing these increases the same for each of This Regulation shall enter into force on the day the 10 months, account being taken of average storage following its publication in the Official Journal of costs and interest charges in the Community, the the European Communities.

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

Done at Brussels, 10 November 1975 . For the Council The President G. MARCORA

(') OJ No 172, 30 . 9 . 1966, p. 3025/66. (2) OJ No L 175, 29 . 6. 1973, p. 5.