No L 181/26 Official Journal of the European Communities 21. 7. 77 COMMISSION REGULATION (EEC) No 1629/77 of 20 July 1977 laying down detailed rules of application for special intervention measures to support the development of the market in common wheat of bread-making quality THE COMMISSION OF THE EUROPEAN COMMUNITIES, Having regard to the Treaty establishing the European Economic Community, Having regard to Council Regulation (EEC) No 2727/75 of 29 October 1975 on the common organiza- tion of the market in cereals (1), as last amended by Regulation (EEC) No 1386/77 (%), and in particular Article 8 (4) thereof, Whereas Article 8 (4) of Regulation (EEC) No 2727/75 provides that the nature and application of the special intervention measures are to be decided by the Commission in accordance with the procedure laid down in Article 26 thereof ; whereas in order as far as possible to avoid disturbing the market in common wheat of bread-making quality, the conditions under which the special intervention measures are to be applied and the range of these measures should be determined in advance ; whereas, moreover, provision must be made so that these measures can be applied quickly ; Whereas the special intervention measures must all, depending on the state of the cereals market, support the price of common wheat of bread-making quality on the said market at the level of the reference price; Whereas, in order to do this, the special measures should be graduated to reflect the seriousness of the market situation by providing first for flexible measures and then for more specific support measures leading ultimately to actual buying in; Whereas the measures provided for in this Regulation are in accordance with the opinion of the Manage- ment Committee for Cereals, HAS ADOPTED THIS REGULATION : Article 1 The special intervention measures referred to in Article 8 (2) of Regulation (EEC) No 2727/75 shall be adopted in accordance with the following Articles. () OJ No L 281, 1. 11. 1975, p. 1. () OJ No L 158, 29. 6. 1977, p. 1. Article 2 The special measures shall be decided upon in the light of the following criteria : — the situation and the prospects regarding the availa- bilities of cereals on the Community market, — the import prospects for cereals and the export prospects for common wheat, — the trend in the price quotations of common wheat of bread-making quality at the most repre- sentative centres in the Community. Article 3 The special intervention measures shall be adopted on the initiative of the Commission or at the request of Member States. They shall specify in particular : — the quality and quantity of the cereals involved, — the geographical scope of the measure and any duration thereof. Article 4 Depending on the market situation, the Commission shall adopt in accordance with the procedure laid down in Article 26 of Regulation (EEC) No 2727/75 one or more of the following special intervention measures for common wheat of bread-making quality : 1. The conclusion of a storage contract between an intervention agency and a holder at a daily charge to be determined. 2. The conclusion of a storage contract identical to that provided for under 1 above, but giving the intervention agency the right to purchase on the expiry of the contract all or part of the quantity involved at the reference price adjusted where appropriate upwards or downwards as provided for in Article 5 (3) to (5). The intervention agency shall be authorized to exer- cise the said right in accordance with the proce- dure laid down in Article 26 of Regulation (EEC) No 2727/75.