****

( 1 ) OJ NO 172 , 30 . 9 . 1966 , P . 3025/66 .

( 2 ) OJ NO L 303 , 28 . 11 . 1977 , P . 1 .

( 3 ) OJ NO L 133 , 10 . 6 . 1972 , P . 1 .

( 4 ) OJ NO L 23 , 28 . 1 . 1978 , P . 27 .

( 5 ) OJ NO L 222 , 2 . 10 . 1971 , P . 2 .

( 6 ) OJ NO L 116 , 28 . 4 . 1978 , P . 4 .

COMMISSION REGULATION ( EEC ) NO 1270/78

OF 13 JUNE 1978

AMENDING REGULATION ( EEC ) NO 1204/72 LAYING DOWN DETAILED RULES FOR THE APPLICATION OF THE SUBSIDY SYSTEM FOR OIL SEEDS

THE COMMISSION OF THE EUROPEAN

COMMUNITIES ,

HAVING REGARD TO THE TREATY ESTABLISHING THE EUROPEAN ECONOMIC COMMUNITY ,

HAVING REGARD TO COUNCIL REGULATION NO 136/66/EEC OF 22 SEPTEMBER 1966 ON THE ESTABLISHMENT OF A COMMON ORGANIZATION OF THE MARKETS IN OILS AND FATS ( 1 ), AS LAST AMENDED BY REGULATION ( EEC ) NO 2560/77 ( 2 ), AND IN PARTICULAR ARTICLE 27 ( 5 ) THEREOF ,

WHEREAS ARTICLE 21 ( 1 ) OF COMMISSION REGULATION ( EEC ) NO 1204/72 OF 7 JUNE 1972 LAYING DOWN DETAILED RULES FOR THE APPLICATION OF THE SUBSIDY SYSTEM FOR OIL SEEDS ( 3 ), AS LAST AMENDED BY REGULATION ( EEC ) NO 156/78 ( 4 ), FIXED THE AMOUNT OF THE SECURITY REFERRED TO IN ARTICLE 5 OF COUNCIL REGULATION ( EEC ) NO 2114/71 OF 28 SEPTEMBER 1971 ON THE SUBSIDY FOR OIL SEEDS ( 5 ), AS LAST AMENDED BY REGULATION ( EEC ) NO 851/78 ( 6 ); WHEREAS , HAVING REGARD TO THE FORESEEABLE TREND OF PRICES ON THE WORLD MARKET AND TO THE LEVEL OF SUBSIDY TO BE FIXED IN THE COMING MONTHS , THE AMOUNT OF THE SAID SECURITY SHOULD BE REDUCED ;

WHEREAS THE AMOUNT OF THIS SECURITY REPRESENTS A HEAVY BURDEN ON TRADES ; WHEREAS , CONSEQUENTLY , IT WOULD APPEAR APPROPRIATE TO MAKE THE REDUCTION RETROACTIVE , GIVEN THAT ECONOMICALLY THIS WOULD POSE NO DIFFICULTIES ;

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

HAS ADOPTED THIS REGULATION :

ARTICLE 1

IN ARTICLE 21 ( 1 ) OF REGULATION ( EEC ) NO 1204/72 , THE EXPRESSION ' 6 UNITS OF ACCOUNT ' IS REPLACED BY ' 4 UNITS OF ACCOUNT ' .

ARTICLE 2

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

IT SHALL APPLY , IF THE PARTY CONCERNED SO REQUESTS BEFORE 30 JUNE 1978 , TO THE AMOUNTS LODGED BY WAY OF SECURITY IN RESPECT OF THE QUANTITIES OF SEED LISTED , BUT FOR WHICH THERE ARE NO ENTRIES , ON THE NO 1 COPY OF THE AP PART OF THE CERTIFICATE SUBMITTED IN ACCORDANCE WITH ARTICLE 22 OF REGULATION ( EEC ) NO 1204/72 .

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

DONE AT BRUSSELS , 13 JUNE 1978 .

FOR THE COMMISSION

FINN GUNDELACH

VICE-PRESIDENT