31977R1160

No L 136/ 16 Official Journal of the European Communities 2 . 6 . 77

COUNCIL REGULATION ( EEC) No 1160/77 of 17 May 1977 fixing, for the 1977/78 marketing year, the monthly price increases for paddy rice and husked rice

THE COUNCIL OF THE EUROPEAN HAS ADOPTED THIS REGULATION : COMMUNITIES, Article 1 Having regard to the Treaty establishing the European Economic Community, 1 . For the 1977/78 marketing year, the amount of each of the monthly increases provided for in Article Having regard to Council Regulation (EEC) No 7 ( 1 ) of Regulation (EEC) No 1418/76 shall be as 1418/76 of 21 June 1976 on the common organiza­ follows : tion of the market in rice ( !), as amended by Regula­ tion (EEC) No 11 58/77 (2), and in particular Article 7 — 1-80 units of account per tonne for the interven­ (2) thereof, tion price , — 2-25 units of account per tonne for the target Having regard to the proposal from the Commission, price . Whereas, when fixing the number and amount of the 2. These monthly increases shall apply from 1 monthly increases and the first month during which these increases are to apply, account shall be taken of October 1977 to 1 July 1978 . The prices thus obtained for July 1978 shall remain valid until 31 the costs of storing and financing rice in the Commu­ » nity and of the need to ensure that the disposal of August 1978 . stocks of rice conforms to market requirements ; Article 2 Whereas, to take account of these criteria, the monthly increases adopted for the 1976/77 marketing This Regulation shall enter into force on 1 September i year should be increased , 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 L 166, 25 . 6 . 1976, p. 1 . (2) See page 13 of this Official Journal .