31990R1247

No L 121 /22 Official Journal of the European Communities 12. 5. 90

COMMISSION REGULATION (EEC) No 1247/90 of 11 May 1990 on transitional measures concerning the application of certain monetary compensatory amounts

THE COMMISSION OF THE EUROPEAN COMMUNITIES, of the specific conditions governing the marketing of such products ; Having regard to the Treaty establishing the European Economic Community, Whereas the measures provided for in this Regulation are in accordance with the opinion of the relevant manage­ Having regard to Commission Regulation (EEC) No ment committees, 3156/85 of 11 November 1985 on transitional measures concerning the application of monetary compensatory HAS ADOPTED THIS REGULATION : amounts ('), as amended by Regulation (EEC) No 3521 /88 (2), and in particular Article 11 thereof, Article 1

Whereas Regulation (EEC) No 3156/85 lays down a Regulation (EEC) No 3156/85 shall apply from 14 May framework for measures intended to prevent artificial 1990 under the following conditions : traffic at the time of changes in the monetary compensa­ (a) the date of the changes shall be 14 May 1990 ; tory amounts ; (b) the initial date shall be 1 April 1990 ; Whereas Council Regulation (EEC) No 1 179/90 (3) fixes (c) the products and the periods indicated in Annex I to the new agricultural conversion rates taking effect at the Regulation (EEC) No 3156/85 shall be those indi­ beginning of the 1990/91 marketing year for milk and cated in Annex I hereto ; milk products and for beef and veal ; (d) application of Annex II to Regulation (EEC) No Whereas those new rates have resulted in a considerable 3156/85 shall be extended to Part A thereof ; the movements and the products affected shall be those change in the scale of monetary compensatory amounts indicated in Annex II hereto. applicable in particular in Greece and the United Kingdom ; However, where the market rate used for the calculation of the monetary compensatory amounts referred to in Whereas, in view of this situation, speculative movements Article 3a of Regulation (EEC) No 3152/85 (4) is more, are likely to occur and deflect trade ; whereas, however, the trend in the market rate used for the calculation of during at least three consecutive weeks, than : the MCAs may substantially reduce such risks of deflec­ ECU 1 » £ 0,889146 tion ; whereas the application of the transitional measures ECU 1 = Dr 253,939 should accordingly be suspended where the monetary Regulation (EEC) No 3156/85 shall no longer apply to gaps applicable remain within certain limits ; the milk and milk products sector and the Member State concerned from the Monday following the said three- Whereas, in order to prevent such deflections, for week period. products likely to be subject to such speculation, provi­ sion should be made for the monetary compensatory Article 2 amounts applicable to the products concerned before those new rates are fixed to remain applicable for a This Regulation shall enter into force on the day of its limited period beyond that date ; whereas the dates and publication in the Official Journal of the European the products in question must be determined in the light Communities.

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

Done at Brussels, 11 May 1990 .

For the Commission Ray MAC SHARRY Member of the Commission

O OJ No L 310, 21 . 11 . 1985, p. 27. (2) OJ No L 307, 12. 11 . 1988, p. 28 . O OJ No L 119, 11 . 5. 1990, p. 1 . O OJ No L 310, 21 . 11 . 1985, p. 1 .

12. 5 . 90 Official Journal of the European Communities No L 121 /23

ANNEX I

Products concerned Applicable (CN code) until

A. Milk and milk products : 0402 0403 0404 90 14 October 1990 0405 0406 2309 Of a milk products content by weight of not less than 50 % r

B. Beef and veal : 0201 23 May 1990 ' 0202 1602 50 10 ► 17 June 1990 1602 90 61

ANNEX II

A

1 2 3 Exports from Products concerned Destinations Greece Products listed in Annex I To the other Member States and third United Kingdom countries