No L 1/8 Official Journal of the European Communities 1. 1. 81 COUNCIL REGULATION (EEC) No 5/81 of 1 January 1981 laying down the general rules for the system of accession compensatory amounts for olive oil THE COUNCIL OF THE EUROPEAN COMMUNITIES, Having regard to the Treaty establishing the European Economic Community, Having regard to the 1979 Act of Accession, and in particular Article 61 (5) and Article 72 (1) thereof, Having regard to the proposal from the Commission, Whereas Articles 58 and 59 of the said Act provide for fixing prices for Greece at a level which may be different from the common price levels; whereas, pursuant to Article 61 of the Act, these differences in price are to be compensated for by a system of acces- sion compensatory amounts ; Whereas, in the olive oil sector, Articles 58, 59 and 61 of the Act apply to the intervention price ; Whereas, purusant to Article 11 of Council Regulation No 136/66/EEC of 22 September 1966 on the estab- lishment of a common organization of the market in oils and fats (1), as last amended by Regulation (EEC) No 1917/80 (?), a consumption aid is granted for oil produced and marketed within the Community; whereas, pursuant to Article 79 (1) of the Act, the accession compensatory amount referred to above is to be corrected, as appropriate, by the effect of the differ- ence between the Community consumption aid applic- able in the Community of Nine and in Greece; Whereas, in respect of products containing olive oil, the applicable compensatory amount must take account of the oil content of the said products; Whereas, by virtue of the first subparagraph of Article 61 (5) of the Act, the accession compensatory amount may not exceed the total amount levied on imports from third countries; whereas, in view of the consumption aid system for olive oil, application of that rule would result in distortions of competition ; whereas a derogation from that rule should therefore be provided, () OJ No 172, 30. 9. 1966, p. 3025/66. () O] No L 186, 19. 7. 1980, p. 1. HAS ADOPTED THIS REGULATION : Article 1 For the purposes of this Regulation — ‘Community of Nine’ means the Community as constituted before accession of Greece, — ‘accession compensatory amounts means the compensatory amounts applicable in trade between the Community of Nine and Greece and between Greece and third countries. Article 2 1. The accession compensatory amount applicable in trade between the Community of Nine and Greece for olive oil falling within subheading 15.07 A of the Common Customs Tariff, with the exception of the oils referred to in paragraph 2, shall be equal to the difference between the intervention price fixed for the Community of Nine and the intervention price fixed for Greece. However, for olive oil falling within subheading 15.07 A 11, the said difference shall be corrected by the co- efficient specified in the Annex. 2. The accession compensatory amount applicable in trade between the Community of Nine and Greece for olive oil falling within subheading 15.07 A I a) and 1507 A II which is prepared for market in accordance with the conditions laid down for the granting of consumption aid shall be the amount referred to in paragraph 1 corrected by the difference between the consumption aid applicable in the Community of Nine and in Greece. If the difference between the consumption aid applic- able in the Community of Nine and in Greece exceeds the amount referred to in paragraph 1, the resultant difference shall be applied. 3. The compensatory amount applicable in Greek trade with third countries for olive oil falling within subheading 1507 A of the Common Customs Tariff shall be the amount given in paragraph 2. However, the compensatory amount shall not apply to Greek exports of the olive oil referred to in paragraph 1 to third countries.