31977R1070

No L 129 / 6 25 . 5 . 77 Official Journal of the European Communities

COUNCIL REGULATION (EEC) No 107;0/77

of 17 May 1977

fixing for the 1977/78 marketing year the monthly increases in the target and intervention prices for oil seeds

THE COUNCIL OF THE EUROPEAN Whereas, taking into account the aforesaid require­ COMMUNITIES , ments, the monthly increases for the 1977/78 marketing year should be fixed at the same level as Having regard to the Treaty establishing the European that for the preceding marketing year ; Economic Community, Whereas the experience gained during the 1976/77 Having regard to Council Regulation No 136/66/ EEC marketing year and harvest forecasts do not justify of 22 September 1966 on the establishment of a determining for the 1977/78 marketing year a number common organization of the market in oils and of monthly increases different frcim that laid down for fats ('), as last amended by Regulation (EEC) No the preceding marketing year, 1 707/73 (2), and in particular Article 25 thereof,

Having regard to the proposal from the Commission, HAS ADOPTED THIS REGULATION : Whereas, in accordance with Article 25 of Regulation No 136/66/ EEC, the amount by which the target and Article 1 intervention prices for colza, rape seed and sunflower 1 . For the 1977/78 marketing year, the amount of seed are increased monthly from the beginning of the the monthly increases applicable to colza and rape third month of the marketing year should be fixed for seed shall be 0-304 unit of account per 100 kilograms. the 1977/78 marketing year, and the number of months during which such increases are to be applied 2. These increases shall apply for seven months. should be determined ; whereas such amount must be the same for both prices ; Article 2 Whereas such increases must be the same for each 1 . For the 1977/78 marketing year, the amount of month and be fixed by reference to average storage the monthly increases applicable to sunflower seed and interest charges recorded in the Community ; shall be 0-355 unit of account per 100 kilograms. whereas average storage charges should be determined on the basis of the cost of storing the seed in suitable 2. These increases shall apply for five months. premises , and of the handling charges necessary to keep the seed in good condition ; whereas interest Article 3 charges may be calculated on the basis of the rate considered as normal for the production areas ; This Regulation shall enter into force on 1 July 1977.

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

Done at Brussels, 17 May 1977.

For the Council

The President

J. SILKIN

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