31985R1503

10 . 6 . 85 Official Journal of the European Communities No L 151 / 29

COUNCIL REGULATION ( EEC) No 1503 / 85 of 23 May 1985 fixing the monthly increases in the representative market price, the intervention price and the threshold price for olive oil for the 1985 / 86 marketing year

THE COUNCIL OF THE EUROPEAN COMMUNITIES , charges can be calculated with reference to the average price of olive oil valid in production areas; Having regard to the Treaty establishing the European Economic Community , Whereas , to ensure orderly marketing of the production , in view of the prospects for production and consumption , it is sufficient to provide for seven increases for olive oil , Having regard to Council Regulation No 136 / 66 / EEC of 22 September 1966 on the establishment of a common organization of the market in oils and fats ( 1 ), as last HAS ADOPTED THIS REGULATION : amended by Regulation ( EEC ) No 231 / 85 ( 2), and in particular Article 10 thereof, Article 1 Having regard to the proposal from the Commission ( 3 ), For the 1985 / 86 marketing year , the amount of the Whereas , under Article 10 of Regulation No 136 / 66 / EEC, monthly increases referred to in Article 10 of Regulation the representative market price , the intervention price and No 136 / 66 / EEC and applicable for seven months with the threshold price for olive oil must be increased each month effect from 1 January 1986 shall be 1,79 ECU per for a period of at least five months beginning on 1 January 100 kilograms . 1986 , whereas these increases must be the same for all three prices ; Article 2 Whereas , in fixing these increases the same for each of these months , account being taken of average storage costs and This Regulation shall enter into force On the third day interest charges in the Community , the average storage costs following its publication in the Official Journal of the should be established on the basis of the cost of storing oil in European Communities . the appropriate premises and of the handling required for preserving the oil in good condition ; whereas the interest It shall apply from 1 November 1985 .

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

Done at Brussels , 23 May 1985 .

For the Council The President C. SIGNORILE

(') OJ No 172 , 30 . 9 . 1 966 , p . 3025 / 66 . ( 2 ) OJ No L 26 , 31 . 1 . 1985 , p. 12 . ( 3 ) OJ No C 67 , 14 . 3 . 1985 , p. 15 .