31976R1575

No L 172/54 1 . 7. 76 Official Journal of the European Communities

COMMISSION REGULATION (EEC) No 1575/76

of 30 June 1976

fixing for the 1976/77 marketing year the amounts of the reimbursement and levy in connection with the offsetting of storage costs for sugar

THE COMMISSION OF THE EUROPEAN Whereas, pursuant to Article 4 of Regulation (EEC) COMMUNITIES, No 750/68, the quantity in store to be taken into consideration for the reimbursement of one month's storage costs is equal to the average quantities of sugar Having regard to the Treaty establishing the European held in store at the beginning and at the end of the Economic Community, month in question ; whereas, for the 1976/77 marketing year, the quantities in store each month may be estimated on the basis of anticipated stocks at the beginning of that marketing year, estimated Having regard to Council Regulation (EEC) No monthly production, the quantities likely to be 3330/74 of 19 December 1974 on the common organi­ imported in the month under consideration and the zation of the market in sugar (^ as last amended by quantities likely to be disposed of for domestic Regulation (EEC) No 1487/76 (2), and in particular the consumption or exported during the same month ; last subparagraph of Article 8 (2) thereof, whereas total average monthly stocks during the 1976/77 marketing year can be estimated at approxi­ mately 591 million metric tons of sugar expressed as Whereas Article 8 ( 1 ) of Regulation (EEC) No 3330/74 white sugar ; whereas the total reimbursement can provides that storage costs for sugar and for certain thus be estimated at approximately 159-6 million Community syrups shall be reimbursed at a flat rate units of account for the 1976/77 marketing year ; by the Member States and that Member States shall charge a levy on each sugar manufacturer per unit of weight of sugar marketed ; whereas that paragraph also provides that the amount of the reimbursement and of the levy must be the same throughout the Commu­ nity ; Whereas Article 9 of Regulation (EEC) No 750/68 specified that the amount of the levy shall be calcu­ lated by dividing total anticipated reimbursements by Whereas Article 5 of Council Regulation (EEC) No the anticipated quantity of sugar which will be 750/68 of 18 June 1968 laying down general rules for disposed of during the sugar marketing year in ques­ offsetting storage costs for sugar (3), as last amended by tion and produced within the maximum quotas ; Regulation (EEC) No 152/71 (4), provided that the whereas total anticipated reimbursements are to be amount of the reimbursement shall be fixed per increased or decreased as the case may be by the month and per unit of weight, taking into account amounts carried forward from preceding sugar costs in respect of financing, insurance and specific marketing years ; whereas there is a surplus of 17-1 storage ; whereas Article 3 of Commission Regulation million units of account for the marketing years (EEC) No 442/70 of 9 March 1970 laying down 1968/69 to 1974/75 ; whereas the anticipated balance detailed rules for the application of the system of for the 1975/76 marketing year may be assessed as a offsetting storage costs for sugar (5), as last amended by deficit of 46-3 million units of account ; whereas Regulation (EEC) No 1 688/74 (6), lays down that the Article 3 of Regulation (EEC) No 442/70 provides that reimbursement shall be fixed per 100 kg of white the levy is to be fixed per 1 00 kg of white sugar ; sugar ; whereas the quantity of Community sugar which will be disposed of during the 1976/77 marketing year for home consumption or for export may be estimated at Whereas the financing costs may at present be calcu­ approximately 1 0*8 million metric tons of sugar lated on the basis of an interest rate of 8 % per year ; expressed as white sugar ; whereas the amount of the whereas insurance costs may be assessed at from 1-5 levy should therefore be 1 -76 units of account per 100 to 2 per mille per year ; whereas insurance costs and kg of white sugar ; specific storage costs may be together evaluated at 0-49 unit of account per metric ton and per month ;

(•) OJ No L 359, 31 . 12. 1974, p. 1 . (2) OJ No L 167, 26. 6. 1976, p. 9. (3) OJ No L 137, 21 . 6. 1968 , p. 4. Whereas the Management Committee for Sugar has (4) OJ No L 22, 28 . 1 . 1971 , p. 1 . (5) OJ No L 55, 10. 3. 1970, p. 10 . not delivered an opinion within the time limit set by (<>) OJ No L 176, 30 . 6. 1974, p. 5. its Chairman,

1 . 7. 76 No L 172/ 55 Official Journal of the European Communities

HAS ADOPTED THIS REGULATION : 2. For the 1976/77 marketing year, the amount of the levy referred to in Article 8 of Regulation (EEC) Article 1 No 3330/74 is hereby fixed at 1 -76 units of account per 100 kg of white sugar. 1 . For the 1976/77 marketing year, the amount of the reimbursement referred to in Article 8 of Regula­ Article 2 tion (EEC) No 3330/74 is hereby fixed at 0-27 unit of account per 100 kg of white sugar per month. 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 Brussels, 30 June 1976.

For the Commission

P. J. LARDINOIS

Member of the Commission