11985I122

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Article 122

1 . Until the first move towards alignment of the prices referred to in Article 70 :

- the guide price applicable in Spain for white table wine shall be fixed at a level in such a way that the relationship between the purchase price for table wine to be delivered for compulsory distillation in that Member State and the guide price is 50 % ,

- the guide price applicable in Spain for red table wine shall be derived from the guide price for white table wine by applying the same relationship as that existing in the Community as at present constituted between the guide prices of table wines of types A I and R I ,

- the purchase price for the table wines referred to in the first indent shall be fixed at the level of the regulatory compulsory distillation price applied in Spain under the previous national arrangements over a representative period to be determined ,

- the guaranteed minimum price referred to in Article 3a of Regulation ( EEC ) No 337/79 shall be equal to 72 % of the guide price of each type of table wine ,

- the price of wine which undergoes the distillation referred to in Article 12a of Regulation ( EEC ) No 337/79 shall be equal to :

- 80 % of the guide price for white table wine ,

- 81,5 % of the guide price for red table wine .

2 . Article 70 shall apply to the guide price for table wines . During the 1986/87 to 1990/91 wine growing years :

- the relationship between the guide price and the prices referred to in the third , fourth and fifth indents of paragraph 1 applicable in Spain shall be aligned in stages , by equal instalments , on the relationship which exists between these prices in the Community as at present constituted ,

- without prejudice to the first indent of Article 41 ( 6 ) of Regulation ( EEC ) No 337/79 , as concerns the relationship between the guide price and the price referred to in the third indent of paragraph 1 , the level of the price corresponding to the 40 % referred to in the second indent of Article 41 ( 6 ) of Regulation ( EEC ) No 337/79 shall be attained in accordance with the rate referred to in the first indent of this paragraph .