31977R1583

15 . 7 . 77 Official Journal of the European Communities No L 175/ 17

COMMISSION REGULATION ( EEC) No 1583/77 of 14 July 1977 amending Regulation (EEC) No 937/77 as regards sugar exported under certain tendering arrangements

THE COMMISSION OF THE EUROPEAN on the basis of the intervention price plus the amount COMMUNITIES , of the levy charged on sugar of Community origin under the system for compensating storage costs ; Having regard to the Treaty establishing the European whereas, as a result of this new method of calculation , Economic Community, it is necessary to adjust the amount of the compensa­ Having regard to Council Regulation (EEC) No tion fixed by Article 2 of Regulation (EEC) No 937/ 77 ; 878/77 of 26 April 1977 on the exchange rates to be applied in agriculture ('), and in particular Article 5 Whereas the measures provided for in this Regulation thereof, are in accordance with the opinion of the Manage­ Whereas Article 4 of Regulation (EEC) No 878 /77 ment Committee for Sugar, provides, in the event of alterations in the representa­ tive rate disadvantageous to the party concerned, for the application of Council Regulation (EEC) No HAS ADOPTED THIS REGULATION : 1134/68 of 30 July 1968 laying down rules for the implementation of Regulation (EEC) No 653/68 on Article 1 conditions for alterations to the value of the unit of account used for the common agricultural policy (2 ) ; In Annex I to Regulation ( EEC) No 937/77 the whereas, however, under the said Article 4, the disad­ amount ' DM 2-33' shown in respect of compensation vantage may be offset by an appropriate measure ; is replaced by ' DM 1-87'. Whereas , in the sugar sector, the compensation was fixed by Article 2 of Commission Regulation ( EEC) Article 2 No 937/77 of 29 April 1977 laying down detailed rules for the application of Council Regulation ( EEC) This Regulation shall enter into force on the day of its No 878 /77 on the exchange rates to be applied in agri­ publication in the Official Journal of the European Communities. culture (3 ), as amended by Regulation ( EEC) No 1 372/ 77 (4) ; It shall apply only to export operations in respect of Whereas, with effect from 1 July 1977, the compensa­ which the customs export formalities are completed tory amounts in the sugar sector have been calculated on or after its entry into force .

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

Done at Brussels , 14 July 1977 .

For the Commission Finn GUNDELACH Vice-President

(') OJ No L 106 , 29 . 4 . 1977 , p. 27 . ( 2 ) OJ No L 188 , 1 . 8 . 1968 , p. 1 . (3 ) OJ No L I 10 , 30 . 4 . 1977 , p. 1 . (4 ) OJ No L 156, 25 . 6 . 1977 , p. 33 .