31977R1073

No L 129 / 10 Official Journal of the European Communities 25 . 5 . 77

COUNCIL REGULATION ( EEC) No 1073 /77

of 17 May 1977

fixing the amount of aid for cotton seeds for the 1977/78 marketing year

THE COUNCIL OF THE EUROPEAN Whereas Article 1 of Regulation ( EEC) No 1516/71 COMMUNITIES , provides that the amount of aid be fixed annually for cotton seeds produced within the Community so as to Having regard to the Treaty establishing the European ensure a fair income for the producer, taking account Economic Community, and in particular Article 43 of the market situation and foreseeable market trends ; thereof, Whereas application of these criteria entails fixing the Having regard to Council Regulation (EEC) No amount of aid at a level higher than that adopted for 1516/71 of 12 July 1971 introducing a system of the preceding marketing year, subsidies for cotton seeds ('), and in particular Article 1 (3) thereof, HAS ADOPTED THIS REGULATION : Having regard to the proposal from the Commission , Sole Article Having regard to the opinion of the European Parlia­ For the 1977/78 marketing year, the amount of the ment (2 ), aid for cotton seeds as provided for in Article 1 of Having regard to the opinion of the Economic and Regulation ( EEC) No 1516/71 shall be 104-52 units of Social Committee (3 ), account per hectare .

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 L 160 , 17 . 7 . 1971 , p . 1 . '/) OJ No C 93 , 18 : 4 . 1977, p . II . (-1 ) OJ No C 77, 30 . 3 . 1977 , p . 15 .