Council Regulation (EEC) No 3139/76 of 21 December 1976 amending Regulation (EEC) No 2306/70 on the financing of intervention expenditure in respect of the domestic market in milk and milk products
3139/76 • 31976R3139
Legal Acts - Regulations
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Council Regulation (EEC) No 3139/76 of 21 December 1976 amending Regulation (EEC) No 2306/70 on the financing of intervention expenditure in respect of the domestic market in milk and milk products Official Journal L 354 , 24/12/1976 P. 0003 - 0003 Greek special edition: Chapter 03 Volume 16 P. 0201
++++ COUNCIL REGULATION ( EEC ) NO 3139/76 OF 21 DECEMBER 1976 AMENDING REGULATION ( EEC ) NO 2306/70 ON THE FINANCING OF INTERVENTION EXPENDITURE IN RESPECT OF THE DOMESTIC MARKET IN MILK AND MILK PRODUCTS THE COUNCIL OF THE EUROPEAN COMMUNITIES , HAVING REGARD TO THE TREATY ESTABLISHING THE EUROPEAN ECONOMIC COMMUNITY , HAVING REGARD TO COUNCIL REGULATION ( EEC ) NO 729/70 OF 21 APRIL 1970 ON THE FINANCING OF THE COMMON AGRICULTURAL POLICY ( 1 ) , AS LAST AMENDED BY REGULATION ( EEC ) NO 2788/72 ( 2 ) , AND IN PARTICULAR ARTICLE 3 ( 2 ) THEREOF , HAVING REGARD TO THE PROPOSAL FROM THE COMMISSION , WHEREAS COUNCIL REGULATION ( EEC ) NO 2306/70 OF 10 NOVEMBER 1970 ON THE FINANCING OF INTERVENTION EXPENDITURE IN RESPECT OF THE DOMESTIC MARKET IN MILK AND MILK PRODUCTS ( 3 ) , AS LAST AMENDED BY REGULATION ( EEC ) NO 1444/76 ( 4 ) , PROVIDES THAT THE INTERVENTION EXPENDITURE ARISING FROM THE BUYING-IN , STORING AND RESELLING OF THE PRODUCTS CONCERNED SHALL BE DETERMINED BY MEANS OF THE ANNUAL ACCOUNTS ; WHEREAS ONE OF THE FACTORS OF THESE ACCOUNTS IS THE INDICATION OF THE VALUE OF THE STOCKS TO BE CARRIED OVER TO THE FOLLOWING YEAR ; WHEREAS THE SAID REGULATION LAYS DOWN THAT , FOR SKIMMED-MILK POWDER , THE AFOREMENTIONED VALUE SHOULD BE BASED ON THE INTERVENTION PRICE ; WHEREAS , IN VIEW OF THE PRESENT STOCK POSITION , SUCH VALUE MUST ALLOW FOR SOME DEPRECIATION IN THE VALUE OF POWDER IN STORAGE BEFORE 1 JANUARY 1976 , HAS ADOPTED THIS REGULATION : ARTICLE 1 THE FOLLOWING SUBPARAGRAPH SHALL BE ADDED TO ARTICLE 5 ( 1 ) ( A ) AND 5 ( 2 ) ( B ) OF REGULATION ( EEC ) NO 2306/70 : " HOWEVER , STARTING WITH THE ACCOUNTS TO BE DRAWN UP AT 31 DECEMBER 1976 , THE VALUE CALCULATED SHALL , IN RESPECT OF ANY QUANTITIES OF POWDER BOUGHT BEFORE 1 JANUARY 1976 , BE MULTIPLIED BY A COEFFICIENT OF 0,70 . " ARTICLE 2 THIS REGULATION SHALL ENTER INTO FORCE ON THE THIRD DAY FOLLOWING ITS PUBLICATION IN THE OFFICIAL JOURNAL OF THE EUROPEAN COMMUNITIES . THIS REGULATION SHALL BE BINDING IN ITS ENTIRETY AND DIRECTLY APPLICABLE IN ALL MEMBER STATES . DONE AT BRUSSELS , 21 DECEMBER 1976 . FOR THE COUNCIL THE PRESIDENT A . P . L . M . M . VAN DER STEE ( 1 ) OJ NO L 94 , 28 . 4 . 1970 , P . 13 . ( 2 ) OJ NO L 295 , 30 . 12 . 1972 , P . 1 . ( 3 ) OJ NO L 249 , 17 . 11 . 1970 , P . 4 . ( 4 ) OJ NO L 204 , 30 . 7 . 1976 , P . 1 .
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COUNCIL REGULATION ( EEC ) NO 3139/76
OF 21 DECEMBER 1976
AMENDING REGULATION ( EEC ) NO 2306/70 ON THE FINANCING OF INTERVENTION EXPENDITURE IN RESPECT OF THE DOMESTIC MARKET IN MILK AND MILK PRODUCTS
THE COUNCIL OF THE EUROPEAN COMMUNITIES ,
HAVING REGARD TO THE TREATY ESTABLISHING THE EUROPEAN ECONOMIC COMMUNITY ,
HAVING REGARD TO COUNCIL REGULATION ( EEC ) NO 729/70 OF 21 APRIL 1970 ON THE FINANCING OF THE COMMON AGRICULTURAL POLICY ( 1 ) , AS LAST AMENDED BY REGULATION ( EEC ) NO 2788/72 ( 2 ) , AND IN PARTICULAR ARTICLE 3 ( 2 ) THEREOF ,
HAVING REGARD TO THE PROPOSAL FROM THE COMMISSION ,
WHEREAS COUNCIL REGULATION ( EEC ) NO 2306/70 OF 10 NOVEMBER 1970 ON THE FINANCING OF INTERVENTION EXPENDITURE IN RESPECT OF THE DOMESTIC MARKET IN MILK AND MILK PRODUCTS ( 3 ) , AS LAST AMENDED BY REGULATION ( EEC ) NO 1444/76 ( 4 ) , PROVIDES THAT THE INTERVENTION EXPENDITURE ARISING FROM THE BUYING-IN , STORING AND RESELLING OF THE PRODUCTS CONCERNED SHALL BE DETERMINED BY MEANS OF THE ANNUAL ACCOUNTS ; WHEREAS ONE OF THE FACTORS OF THESE ACCOUNTS IS THE INDICATION OF THE VALUE OF THE STOCKS TO BE CARRIED OVER TO THE FOLLOWING YEAR ;
WHEREAS THE SAID REGULATION LAYS DOWN THAT , FOR SKIMMED-MILK POWDER , THE AFOREMENTIONED VALUE SHOULD BE BASED ON THE INTERVENTION PRICE ; WHEREAS , IN VIEW OF THE PRESENT STOCK POSITION , SUCH VALUE MUST ALLOW FOR SOME DEPRECIATION IN THE VALUE OF POWDER IN STORAGE BEFORE 1 JANUARY 1976 ,
HAS ADOPTED THIS REGULATION :
ARTICLE 1
THE FOLLOWING SUBPARAGRAPH SHALL BE ADDED TO ARTICLE 5 ( 1 ) ( A ) AND 5 ( 2 ) ( B ) OF REGULATION ( EEC ) NO 2306/70 :
" HOWEVER , STARTING WITH THE ACCOUNTS TO BE DRAWN UP AT 31 DECEMBER 1976 , THE VALUE CALCULATED SHALL , IN RESPECT OF ANY QUANTITIES OF POWDER BOUGHT BEFORE 1 JANUARY 1976 , BE MULTIPLIED BY A COEFFICIENT OF 0,70 . "
ARTICLE 2
THIS REGULATION SHALL ENTER INTO FORCE ON THE THIRD DAY FOLLOWING ITS PUBLICATION IN THE OFFICIAL JOURNAL OF THE EUROPEAN COMMUNITIES .
THIS REGULATION SHALL BE BINDING IN ITS ENTIRETY AND DIRECTLY APPLICABLE IN ALL MEMBER STATES .
DONE AT BRUSSELS , 21 DECEMBER 1976 .
FOR THE COUNCIL
THE PRESIDENT
A . P . L . M . M . VAN DER STEE
( 1 ) OJ NO L 94 , 28 . 4 . 1970 , P . 13 .
( 2 ) OJ NO L 295 , 30 . 12 . 1972 , P . 1 .
( 3 ) OJ NO L 249 , 17 . 11 . 1970 , P . 4 .
( 4 ) OJ NO L 204 , 30 . 7 . 1976 , P . 1 .