31976R2599

28 . 10 . 76 Official Journal of the European Communities No L 297 / 3

COUNCIL REGULATION ( EEC) No 2599/76 of 25 October 1976 fixing the threshold price for olive oil for the 1976/77 marketing year

THE COUNCIL OF THE EUROPEAN whereas, when the costs currently incurred by the COMMUNITIES, importer from the cif stage are taken into account, the level of the threshold price should be fixed at three Having regard to the Treaty establishing the European units of account below the level of the market target Economic Community, price, Having regard to Council Regulation No 136/66/EEC of 22 September 1966 on the establishment of a HAS ADOPTED THIS REGULATION : common organization of the market in oils and fats ('), as last amended by Regulation (EEC) No Article 1 1707/73 (2), and in particular the second paragraph of Article 4 thereof, The threshold price for olive oil for the 1976/77 Having regard to the proposal from the Commission, marketing year shall be 141-89 units of account per 100 kilogrammes. Whereas the threshold price must be fixed in such a way as to enable the selling price of the imported Article 2 product, at the frontier crossing point referred to in Article 13 (2) of Regulation No 136/66/EEC, to be This Regulation shall enter into force on 1 November maintained at the level of the market target price ; 1976 .

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

Done at Luxembourg, 25 October 1976.

For the Council The President

A. P. L. M. M. van der STEE

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