25. 7. 98 Official Journal of the European Communities L 209/33 COMMISSION REGULATION (EC) No 1617/98 of 24 July 1998 establishing the supply balance for the Azores and Madeira with products from the eggs and poultrymeat sectors and amending Regulation (EEC) No 1726/92 THE COMMISSION OF THE EUROPEAN COMMUNITIES, Having regard to the Treaty establishing the European Community, Having regard to Council Regulation (EEC) No 1600/92 of 15 June 1992 introducing specific measures for the Azores and Madeira concerning certain agricultural products ("), as last amended by Commission Regulation (EC) No 562/98 (%), and in particular Article 10 thereof, Whereas Commission Regulation (EEC) No 1726/92 (%), as last amended by Regulation (EC) No 1393/98 (¥), fixes for the period 1 July 1998 to 30 June 1999 the quantities of breeding material originating in the Community which benefit from an aid with a view to developing the poten- tial for production in the Azores and Madeira; whereas these quantities should be determined for the egg and poultrymeat sectors for the period 1 July 1998 to 30 June 1999, taking account of local production and traditional trade flows and ensuring that the proportion of products supplied from the Community is preserved; Whereas the fact that the Community aid is fixed in the light of the present situation on the market for the products in question and in particular of the prices for such products in the European part of the Community and on the world market results in the aid for the supply of egg and poultrymeat to the Azores and Madeira being fixed at the amounts given in the Annex; Whereas, in the light of the notifications made by the Portuguese authorities, the quantities of breeding material originating in the Community to be supplied to Madeira under the specific supply arrangements during the current period running from 1 July 1998 to 30 June 1999 should be reduced; whereas Part 2 of the Annex to Regulation (EEC) No 1726/92 should therefore be replaced with effect from 1 July 1998; Whereas the measures provided for in this Regulation are in accordance with the opinion of the Management Committee for Eggs and Poultrymeat, HAS ADOPTED THIS REGULATION: Article 1 Part 2 of the Annex to Regulation (EEC) No 1726/92 is hereby replaced by the Annex to this Regulation. Article 2 This Regulation shall enter into force on the day of its publication in the Official Journal of the European Communities. It shall apply with effect from 1 July 1998. This Regulation shall be binding in its entirety and directly applicable in all Member States. Done at Brussels, 24 July 1998. () OJ L 173, 27. 6. 1992, p. 1. () OJ L 76, 13. 3. 1998, p. 6. () OJ L 1 (HOJ L1 79, 1. 7. 1992, p. 99. ) 9 87, 1. 7. 1998, p. 35. For the Commission Franz FISCHLER Member of the Commission