31972R0434

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( 1 ) OJ N L 94 , 28 . 4 . 1970 , P . 13 .

( 2 ) OJ N L 105 , 2 . 5 . 1969 , P . 1 .

( 3 ) OJ N L 232 , 21 . 10 . 1970 , P . 3 .

( 4 ) OJ N L 160 , 17 . 7 . 1971 , P . 1 .

REGULATION ( EEC ) N 434/72 OF THE COUNCIL

OF 29 FEBRUARY 1972

AMENDING REGULATION ( EEC ) N 786/69 ON THE FINANCING OF INTERVENTION EXPENDITURE IN RESPECT OF THE INTERNAL MARKET IN OILS AND FATS

THE COUNCIL OF THE EUROPEAN COMMUNITIES ,

HAVING REGARD TO THE TREATY ESTABLISHING THE EUROPEAN ECONOMIC COMMUNITY ;

HAVING REGARD TO COUNCIL REGULATION ( EEC ) N 729/70 ( 1 ) OF 21 APRIL 1970 ON THE FINANCING OF THE COMMON AGRICULTURAL POLICY , AND IN PARTICULAR ARTICLE 3 ( 2 ) THEREOF ;

HAVING REGARD TO THE PROPOSAL FROM THE COMMISSION ;

WHEREAS IN REGULATION ( EEC ) N 786/69 ( 2 ) , AS AMENDED BY REGULATION ( EEC ) N 2092/70 ( 3 ) , THE COUNCIL ADOPTED RULES FOR FINANCING INTERVENTION EXPENDITURE IN RESPECT OF THE INTERNAL MARKET IN OILS AND FATS ;

WHEREAS , SINCE THEN , REGULATION ( EEC ) N 1516/71 ( 4 ) HAS INTRODUCED A SYSTEM OF SUBSIDIES FOR COTTON SEEDS , WHICH INVOLVES EXPENDITURE ; WHEREAS THIS SUBSIDY CORRESPONDS TO THE CONCEPT OF INTERVENTION CONTAINED IN ARTICLE 3 ( 1 ) OF REGULATION ( EEC ) N 729/70 ;

WHEREAS COTTON SEEDS ARE OIL SEEDS COVERED BY THE COMMON ORGANIZATION OF THE MARKET IN OILS AND FATS ; WHEREAS THEREFORE REGULATION ( EEC ) N 786/69 SHOULD BE SUPPLEMENTED BY INSERTING PROVISIONS ON THE FINANCING OF SUBSIDIES GRANTED FOR THESE SEEDS ,

HAS ADOPTED THIS REGULATION :

ARTICLE 1

THE FOLLOWING SHALL BE ADDED TO ARTICLE 2 ( 1 ) OF REGULATION ( EEC ) N 786/69 :

" ( F ) SUBSIDIES FOR COTTON SEEDS GRANTED IN PURSUANCE OF ARTICLE 1 OF REGULATION ( EEC ) N 1516/71 " .

ARTICLE 2

THIS REGULATION SHALL ENTER INTO FORCE ON THE THIRD DAY FOLLOWING ITS PUBLICATION IN THE OFFICIAL JOURNAL OF THE EUROPEAN COMMUNITIES .

IT SHALL TAKE EFFECT ON 1 AUGUST 1971 .

THIS REGULATION SHALL BE BINDING IN ITS ENTIRETY AND DIRECTLY APPLICABLE IN ALL MEMBER STATES .

DONE AT BRUSSELS , 29 FEBRUARY 1972 .

FOR THE COUNCIL

THE PRESIDENT

J . P . BUCHLER