L 183/22 Official Journal of the European Communities 26. 6. 98 COMMISSION REGULATION (EC) No 1319/98 of 25 June 1998 establishing a forecast balance and fixing the amount of aid for the supply to the Canary Islands of beef and veal sector products THE COMMISSION OF THE EUROPEAN COMMUNITIES, Having regard to the Treaty establishing the European Community, Having regard to Council Regulation (EEC) No 1601/92 of 15 June 1992 concerning specific measures for the Canary Islands with regard to certain agricultural products ('), as last amended by Regulation (EC) No 2348/96 (%), and in particular Articles 3(4) and 4(4) thereof, Whereas, pursuant to Regulation (EEC) No 1601/92, the quantities of the forecast supply balances for the beef and veal sector should be determined for the period 1 July 1998 to 30 June 1999 for supplies to the Canary Islands of beef and veal and pure-bred breeding bovines; Whereas the quantities of the forecast supply balance for those products are fixed in Commission Regulation (EC) No 1328/96 (%), as last amended by Regulation (EC) No 1264/97 (%), for the period 1 July 1997 to 30 June 1998; whereas, in order to continue to satisfy requirements for beef and veal products, the abovementioned quantities should be fixed for the period 1 July 1998 to 30 June 1999; Whereas application of the criteria for fixing the amount of Community aid to the current market situation in the sector in question and, in particular, to the exchange rates and prices for those products in the European part of the Community and on the world market, gives rise to aid for the supply of the Canary Islands with beef and veal sector products at the amounts fixed in the Annex hereto; Whereas, in application of Regulation (EEC) No 1601/92, the supply arrangements will apply from 1 July; whereas the provisions of this Regulation should therefore apply immediately; Whereas the measures provided for in this Regulation are in accordance with the opinion of the Management Committee for Beef and Veal, HAS ADOPTED THIS REGULATION: Article 1 For the purposes of Articles 2, 3 and 4 of Regulation (EEC) No 1601/92, the quantities of the forecast supply balance in the beef and veal sector benefiting, as appro- priate, from exemption from import duties for products from third countries or for Community aid for products from the Community market shall be as set out in Annex I hereto. Article 2 The amount of the aid granted to the products referred to in Annex I and coming from the Community market shall be as set out in Annexes II and III hereto. Article 3 This Regulation shall enter into force on the day fol- lowing its publication in the Official Journal of the European Communities. It shall apply from 1 July 1998. This Regulation shall be binding in its entirety and directly applicable in all Member States. Done at Brussels, 25 June 1998. () () () ) OJ L 173, 27. 6. 1992, p. 13. OJ L 320, 11. 12. 1996, p. 1. OJ L 171, 10. 7. 1996, p. 9. OJ L 174, 2. 7. 1997, p. 21. For the Commission Franz FISCHLER Member of the Commission