31976R0746

1 . 4. 76 Official Journal of the European Communities No L 86/45

COMMISSION REGULATION (EEC) No 746/76 of 31 March 1976 amending Regulation (EEC) No 677/76 laying down detailed rules (or the applica­ tion of the system for compulsory purchase of skimmed-milk powder

THE COMMISSION OF THE EUROPEAN Whereas the Management Committee for Oils and COMMUNITIES, Fats has not delivered an opinion within the time limit set by its Chairman, Having regard to the Treaty establishing the European Economic Community, Having regard to Council Regulation (EEC) No HAS ADOPTED THIS REGULATION : 563/76 of 15 March 1976 on the compulsory purchase of skimmed-milk powder held by intervention agen­ Article 1 cies for use in animal feedingstuffs ( l), and in parti­ cular Article 9 ( 1 ) thereof, There shall be added to Article 9 of Regulation (EEC) No 677/76 the following paragraph 5 : Having regard to Council Regulation No 129 on the value of the unit of account and the exchange rates to '5. The rate of the security and the amounts in be applied for the purposes of the common agricul­ the foregoing paragraphs shall be multiplied by tural policy (2), as last amended by Regulation (EEC) the following coefficients : No 2543/73 (3), and in particular Article 3 thereof, Member State of sale Coefficient Whereas Article 9 of Commission Regulation (EEC) Denmark 0-9000 No 677/76 of 26 March 1976 laying down detailed Belgium 0-8874 rules for the application of the system for compulsory purchase of skimmed-milk powder provided for in Germany 0-8325 Regulation (EEC) 563/76 (4), provides that the rate of United Kingdom 1 -0256 the security referred to in Articles 2 and 3 of Regula­ France 0-9368 tion (EEC) No 563/76 for each product shall be that Italy 1-0487 set out in the Annex to Regulation (EEC) No 677/76 ; Ireland 0-9909 Whereas, to avoid distortions of competition, the secu­ Luxembourg 0-8874 rities must be at the same level throughout the Netherlands 0-8874' Community, having regard to the real value of the currencies ; whereas this purpose can be achieved by multiplying the security by a coefficient reflecting the Article 2 rates recorded on the exchange markets ; This Regulation shall enter into force on 1 April Whereas the Monetary Committee will be consulted ; 1976 . whereas, in view of the urgency, the measures envis­ aged should be adopted in accordance with the condi­ At the request of any interested party, it shall apply tions laid down in Article 3 (2) of Regulation No 129 ; with effect from 19 March 1976 .

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

Done at Brussels, 31 March 1976 . For the Commission P.J. LARDINOIS Member of the Commission

( i ) OJ No L 67, 15. 3 . 1976, p . 18 . (2) OJ No 106, 30 . 10 . 1962, p. 2553/62. (3) OJ No L 263, 19 . 9 . 1973, p. 1 . 4) OJ No L 81 , 27. 3 . 1976, p. 23 .