++++

( 1 ) OJ N 117 , 19 . 6 . 1967 , P . 2269/67 .

( 2 ) OJ N L 11 , 16 . 1 . 1975 , P . 1 .

( 3 ) OJ N L 201 , 21 . 7 . 1973 , P . 10 .

( 4 ) OJ N L 11 , 16 . 1 . 1975 , P . 2 .

( 5 ) OJ N L 319 , 20 . 11 . 1973 , P . 10 .

REGULATION ( EEC ) N 278/75 OF THE COMMISSION

OF 4 FEBRUARY 1975

AMENDING REGULATION ( EEC ) N 3130/73 AS REGARDS THE SECURITY TO BE LODGED WHEN TENDERING FOR THE EXPORT LEVY FOR CEREALS

THE COMMISSION OF THE EUROPEAN COMMUNITIES ,

HAVING REGARD TO THE TREATY ESTABLISHING THE EUROPEAN ECONOMIC COMMUNITY ;

HAVING REGARD TO COUNCIL REGULATION N 120/67/EEC ( 1 ) OF 13 JUNE 1967 ON THE COMMON ORGANIZATION OF THE MARKET IN CEREALS , AS LAST AMENDED BY REGULATION ( EEC ) N 85/75 ( 2 ) ;

HAVING REGARD TO COUNCIL REGULATION ( EEC ) N 1968/73 ( 3 ) OF 19 JULY 1973 LAYING DOWN GENERAL RULES TO BE APPLIED IN THE EVENT OF THE CEREALS MARKET BEING DISTURBED , AS LAST AMENDED BY REGULATION ( EEC ) N 86/75 ( 4 ) , AND IN PARTICULAR ARTICLE 4 THEREOF ;

WHEREAS ARTICLE 3 OF COMMISSION REGULATION ( EEC ) N 3130/73 ( 5 ) OF 16 NOVEMBER 1973 ESTABLISHING THE CONDITIONS FOR THE APPLICATION OF THE SYSTEM OF TENDERING FOR EXPORT LEVIES FOR CEREALS PROVIDES THAT SECURITY SHALL BE LODGED IN AN AMOUNT EQUAL TO 30 % OF THE EXPORT LEVY PROPOSED BY THE TENDERER CONCERNED SUCH AMOUNT NOT HOWEVER TO BE LESS THAN THREE UNITS OF ACCOUNT PER METRIC TON ;

WHEREAS THIS PROVISION SHOULD BE REPLACED BY A MORE FLEXIBLE ARRANGEMENT ;

WHEREAS THE MEASURES PROVIDED FOR IN THIS REGULATION ARE IN ACCORDANCE WITH THE OPINION OF THE MANAGEMENT COMMITTEE FOR CEREALS ,

HAS ADOPTED THIS REGULATION :

ARTICLE 1

ARTICLE 3 ( 1 ) OF REGULATION ( EEC ) N 3130/73 IS REPLACED BY THE FOLLOWING :

" 1 . NO TENDER SHALL BE CONSIDERED UNLESS APPROPRIATE SECURITY IS LODGED .

THE AMOUNT OF THIS SECURITY SHALL BE FIXED IN THE REGULATION RELATING TO THE OPENING OF THE RELEVANT INVITATION TO TENDER . "

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 , 4 FEBRUARY 1975 .

FOR THE COMMISSION

P . J . LARDINOIS

MEMBER OF THE COMMISSION