# Commission Regulation (EC) No 331/2005 of 25 February 2005 determining the aid referred to in Council Regulation (EC) No 1255/1999 for the private storage of butter and cream and derogating from Regulation (EC) No 2771/1999, Article 1

Extent: E+W+S+N.I.

1. The aid referred to in Article 6(3) of Regulation (EC) No 1255/1999 shall be calculated per tonne of butter or butter equivalent for contracts concluded in 2005 on the basis of the following elements:
(a) for all contracts:
EUR 17,92 for fixed storage costs,
EUR 0,33 for the costs of cold storage for each day of contractual storage,
an amount per day of contractual storage, calculated on the basis of 90 % of the intervention price for butter in force on the day the contractual storage begins and on the basis of an annual interest rate of 2,25 %;
and
(b) EUR 102,60 for contracts which have been concluded on the basis of applications received by the intervention agency before 1 July 2005.
2. The intervention agency shall register the date of receipt of the applications to conclude a contract as referred to in Article 30(1) of Regulation (EC) No 2771/1999 as well as the corresponding quantities and dates of manufacture and the place at which the butter is stored.
The Member States shall inform the Commission no later than 12 noon (Brussels time) of each Tuesday of the quantities covered during the preceding week by such applications. Once it is communicated by the Commission to the Member States that the applications have reached 80 000 tonnes Member States shall inform the Commission each day before 12 noon (Brussels) of the quantities covered by applications of the preceding day.
3. The Commission will suspend the application of paragraphs 1(b) and 2 once it has observed that the applications referred to in paragraph 1(b) have reached 110 000 tonnes.

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Source: https://www.legislation.gov.uk/eur/2005/331/article/1 (the official version)
Page: https://openlegislation.uk/eu-regulation-2005-331/article-1
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.