31976R1426

No L 166/28 Official Journal of the European Communities 25 . 6 . 76

COUNCIL REGULATION (EEC) No 1426/76 of 21 June 1976

fixing, for the 1975/76 marketing year, the monthly price increases for paddy rice and husked rice

THE COUNCIL OF THE EUROPEAN COMMUNITIES , HAS ADOPTED THIS REGULATION :

Having regard to the Treaty establishing the Article 1 European Economic Community, 1 . For the 1975/76 marketing year, the amount of each of the monthly increases provided for in Articles Having regard to Council Regulation (EEC) 7 ( 1 ) and 14 (2) of Regulation (EEC) No 1418/76 No 1418/76 of 21 June 1976 on the common shall be : organization of the market in rice (*), and in particular Article 7 (2) thereof, — 1-72 units of account per metric ton of paddy rice, — 2-15 units of account per metric ton of husked Having regard to the proposal from the Commission, rice .

2. These monthly increases shall apply from Whereas, in fixing the number and the amount of 1 October 1975 to 1 July 1976. The prices thus the monthly increases and deciding on the first month obtained for the month of July 1976 shall remain in which the increases are to apply, both the costs of valid until 31 August 1976. storing and financing rice in die Community and the need to ensure that the disposal of stocks of rice Article 2 conforms to market requirements should be taken into account ; 1 . Council Regulation (EEC) No 1893/75 of 22 July 1975 fixing, for the 1975/76 marketing year, the Whereas, to take account of these requirements, for monthly price increases for paddy rice and husked the 1975/76 marketing year, the start of monthly rice (2) is hereby repealed. increases should be fixed at 1 October, their number being 10, and these increases should be fixed for 2. References to the Regulation repealed by para­ paddy rice at a level equal to the storage costs now graph 1 shall be construed as references to this prevalent in the rice-producing regions of the Com­ Regulation. munity, the amount being expressed in round figures, and for husked rice at a level which takes account Article 3 of the increases for paddy rice and the ratio between the two stages in question, This Regulation shall enter into force on 1 July 1976.

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

Done at Luxembourg, 21 June 1976.

For the Council

The President

J. HAMILIUS

(*) See page 1 of this Official Journal. (2) OJ No L 193 , 25. 7. 1975 , p. 4.