Introductory text

THE COMMISSION OF THE EUROPEAN COMMUNITIES,

Having regard to the Treaty establishing the European Economic Community;

Having regard to Council Regulation No 120/67/EEC^f1 of 13 June 1967 on the common organization of the market in cereals, as last amended by Regulation (EEC) No 665/75^f2, and in particular Article 15 (3) thereof;

Having regard to Council Regulation No 359/67/EEC^f3 of 25 July 1967 on the common organization of the market in rice, as last amended by Regulation (EEC) No 668/75^f4, and in particular Article 13 (3) thereof;

Having regard to Council Regulation (EEC) No 1052/68^f5 of 23 July 1968 on the import and export system for products processed from cereals and from rice, as last amended by Regulation (EEC) No 980/75^f6 and in particular Articles 2 (2) and 5 thereof;

Whereas Article 3 (1) of Commission Regulation (EEC) No 1579/74^f7 of 24 June 1974 on the procedure for calculating the import levy on products processed from cereals and from rice and for the advance fixing of this levy for these products and for compound feedingstuffs manufactured from cereals, as last amended by Regulation (EEC) No 3103/74^f8, provides that when the import levy on starch products is fixed in advance it is adjusted only when the level of the so-called ‘supply’ prices changes; whereas Council Regulation (EEC) No 1955/75^f9 of 22 July 1975 on production refunds in the cereals and rice sector no longer refers to the so-called ‘supply’ prices; whereas provision should therefore be made for an adjustment having an identical economic effect as the adjustment at present provided for;

Whereas the measures provided for in this Regulation are in accordance with the Opinion of the Management Committee for Cereals,

HAS ADOPTED THIS REGULATION: