Article 3

1. Intervention intended to stabilise the agricultural markets, undertaken according to Community rules within the framework of the common organisation of agricultural markets, shall be financed under Article 1 (2) (b). 2. The Council, acting by a qualified majority on a proposal from the Commission, shall before 1 January 1972 lay down the general rules for financing such intervention which are necessary for the application of paragraph 1. 3. The provisions adopted in pursuance of Articles 5 and 6 of Regulation No 17/64/EEC, and those of Council Regulation (EEC) No 1600/68 (1) of 15 October 1968 on the financing by the European Agricultural Guidance and Guarantee Fund of the expenditure arising from the special measures taken by the Italian. Republic on the importation of feed grain, shall remain applicable in respect of such intervention up to and including 30 June 1972 at the latest. The Council, acting by a qualified majority on a proposal from the Commission before the end of 1970, shall amend those provisions to ensure that they are in agreement with the provisions of this Regulation and shall supplement them by provisions for their implementation.

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Source: EUR-Lex (Cellar) · retrieved 2026-11-10 · Text as adopted (Official Journal); later amendments are not incorporated in this text.