31977R2472

GB 0930 11 U L

10. 11 . 77 Official Journal of the European Communities No L 286/23

COMMISSION REGULATION (EEC) No 2472/77 of 9 November 1977 terminating the conclusion of short-term private storage contracts in respect of table wine of type A I and table wines in close economic relationship to that type of wine

THE COMMISSION OF THE EUROPEAN Whereas Commission Regulation (EEC) No 847/77 of COMMUNITIES, 9 April 1 974 (3) on private storage aid for table wine of type A I provides for the grant of private storage aid Having regard to the Treaty establishing the European from 10 April 1974 for table wine of type A I ; Economic Community, Whereas Commission Regulation (EEC) No 1221 /74 Having regard to Council Regulation (EEC) No of 1 5 May 1 974 (4) enabled short-term private storage 816/70 of 28 April 1970 laying down additional provi­ contracts to be concluded from 1 May 1974 in respect sions for the common organization of the market in of table wines closely related economically to the A I wine (*), as last amended by Regulation (EEC) No type of table wine ; 221 1 /77 (2), and in particular Article 5 (7) thereof, Whereas Article 5 ( 1 ) of the said Regulation intro­ Whereas it has been established that the weighted ducing a system of aid for the private storage of table average price for table wine of type A I during the wine lays down that the granting of such aid is to be past two weeks has been higher than the activating subject to the conclusion of short-term or long-term price ; storage contracts ; whereas the first subparagraph of paragraph 2 of the said Article lays down that short­ Whereas the conditions set out in Article 5 (2) of Regulation (EEC) No .816/70 are therefore fulfilled, term storage contracts may be entered into when the weighted average price of a type of table wine remains below the activating price for two consecutive weeks and that such contracts may no longer be entered into HAS ADOPTED THIS REGULATION : when the weighted average price of that type of wine is above the activating price for two consecutive Article 1 weeks ; whereas, moreover, the second subparagraph of the said paragraph 2 lays down that a decision may From 10 November 1977, no short-term private be taken to allow short-term contracts to be storage contracts may be entered into in respect of concluded also in respect of table wines other than table wine of type A I or table wines closely related those of the type for which this possibility has been economically to that type of wine. made available, where such wines are closely related economically to that type of table wine ; whereas short-term contracts may no longer be entered into in Article 2 respect of these wines when they are not permissible in respect of table wine to which they are closely This Regulation shall enter into force on 10 related economically ; November 1977.

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

Done at Brussels, 9 November 1977 . For the Commission Finn GUNDELACH Vice-President

(') OJ No L 99, 5. 5. 1970, p. 1 . (3) OJ No L 100, 10 . 4. 1974, p. 11 . I2 ) OJ No L 256, 7. 10 . 1977, p. 1 . h) OJ No L 133, 16. 5. 1974, p. 20.