31976R1039

5 . 5 . 76 Official Journal of the European Communities No L 118 / 11

COMMISSION REGULATION ( EEC) No 1039/76 of 4 May 1976 excluding application of monetary compensatory amounts on the transfer to the Italian intervention agency of common wheat held by the French intervention agency

THE COMMISSION OF THE EUROPEAN Whereas the measures provided for in this Regulation COMMUNITIES, are in accordance with the opinion of the Manage­ ment Committee for Cereals, Having regard to the Treaty establishing the European Economic Community, Having regard to Council Regulation (EEC) No HAS ADOPTED THIS REGULATION : 974/71 of 12 May 1971 on certain measures of conjunctural policy to be taken in agriculture Article 1 following the temporary widening of the margins of fluctuation for the currencies of certain Member No monetary compensatory amounts shall be levied States ( !), as last amended by Regulation (EEC) No or granted in respect of common wheat transferred 557/76 (2), and in particular Article 6 thereof, between the French and Italian intervention agencies pursuant to Regulation (EEC) No 873/76. Whereas Council Regulation (EEC) No 873/76 of 13 April 1976 (3) provides for the transfer to the Italian intervention agency of 100 000 metric tons of Article 2 common wheat held by the French intervention agency ; whereas there is no need to apply monetary This Regulation shall enter into force on the day of its compensatory amounts to such transfer since their publication in the Official Journal of the European absence cannot give rise to trade disturbances ; Communities.

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

Done at Brussels, 4 May 1976 . For the Commission P.J. LARDINOIS Member of the Commission

(') OJ No L 106, 12. 5. 1971 , p. 1 . (2) OJ No L 67, 15. 3. 1976, p. 1 . (3) OJ No L 101 , 15. 4. 1976, p. 1 .