COMMISSION REGULATION (EC) No 2042/97 of 17 October 1997 amending Regulation (EC) No 1261/96 establishing the forecast supply balance for the Canary Islands as regards wine products qualifying under the specific arrangements provided for in Articles 2 to 5 of Council Regulation (EEC) No 1601/92

THE COMMISSION OF THE EUROPEAN COMMUNITIES,

Having regard to the Treaty establishing the European Community,

Having regard to Council Regulation (EEC) No 1601/92 of 15 June 1992 concerning specific measures for the Canary Islands with regard to certain agricultural products (1), as last amended by Regulation (EC) No 2348/96 (2), and in particular Articles 2, 3 (4) and 4 (4) thereof,

Whereas Commission Regulation (EC) No 1261/96 (3), as last amended by Regulation (EC) No 1366/97 (4), fixes the quantities of the forecast supply balance for wine products qualifying for Community aid for the period 1 July 1997 to 30 June 1998;

Whereas the aid for the supply to the Canary Islands should be adjusted to take account of changes in quotations and prices for the said wine products in the European part of the Community and on the world market;

Whereas the measures provided for in this Regulation are in accordance with the opinion of the Management Committee for Wine,

HAS ADOPTED THIS REGULATION:

Article 1

Annex II to Regulation (EC) No 1261/96 is hereby replaced by the Annex hereto.

Article 2

This Regulation shall enter into force on the day of 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, 17 October 1997.

For the Commission

Franz FISCHLER

Member of the Commission

(1) OJ L 173, 27. 6. 1992, p. 13.

(2) OJ L 320, 11. 12. 1996, p. 1.

(3) OJ L 163, 2. 7. 1996, p. 15.

(4) OJ L 188, 17. 7. 1997, p. 8.

ANNEX

'ANNEX II

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