# Commission Regulation (EC) No 207/2007 of 27 February 2007 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 2007 on the basis of the following elements:
EUR 15,88 for fixed storage costs,
EUR 0,30 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 3,75 %;
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.
3. The Member States shall inform the Commission no later than 12 noon (Brussels time) on each Tuesday of the quantities covered during the preceding week by such applications.

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Source: https://www.legislation.gov.uk/eur/2007/207/article/1 (the official version)
Page: https://openlegislation.uk/eu-regulation-2007-207/article-1
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.