2. 8.91 Official Journal of the European Communities No L 214/47 COMMISSION REGULATION (EEC) No 2350/91 of 31 July 1991 amending Regulation (EEC) No 1589/87 on the sale by tender of butter to intervention agencies and repealing Regulation (EEC) No 1982/87 issuing the standing invitation to tender provided for in Council Regulation (EEC) No 777/87 ‘ THE COMMISSION OF THE EUROPEAN COMMUNITIES, Having regard to the Treaty establishing the European Economic Community, Having regard to Council Regulation (EEC) No 804/68 of 27 June 1968 on the common organization of the market in milk and milk products (*), as last amended by Regula- tion (EEC) No 1630/91 (3, and in particular the first subparagraph of Article 7a (1) and (2) thereof, Whereas Council Regulation (EEC) No 777/87 of 16 March 1987 modifying the intervention arrangements for butter and skimmed-milk poweder (°), as last amended by Regulation (EEC) No 1634/91 (), lays down the criteria on the basis of which buying-in by tender of butter and skimmed-milk powder takes place and is suspended; whereas it is necessary therefore to amend Article 1 of Regulation (EEC) No 1589/87 (%), as last amended by Regulation (EEC) No 891/91 (¥); whereas consequently Regulation (EEC) No 1982/87 ('), as amended by Regula- tion (EEC) No 335/91 (¥), may be repealed ; Whereas Article 4 (1) of Regulation (EEC) No 1589/87 provides that tenderers must lodge a security of ECU 30 per tonne in order to guarantee, on the one hand, mainte- nance of tenders after the expiry of the final date for the submission of tenders and, on the other, delivery of the butter to the depot ; whereas the amount of that security has proved to be insufficient to ensure the fulfilment of the abovementioned primary requirements; whereas it should therefore be increased ; Whereas Article 7 (2) sets out a period of 14 days follo- wing the expiry of the final date for the submission of tenders within which the butter accepted for intervention is to be delivered ; whereas in some cases this period is too short and should therefore be extended ; Whereas Article 11 specifies that the conversion into national currency is to be made using the green rate () OJ No L 148, 28. 6. 1968, p. 13. () OJ No L 150, 15. 6. 1991, p. 19. () OJ No L 78, 20. 3. 1987, p. 10. () OJ No L 150, 15. 6. 1991, p. 26. () OJ No L 146, 6. 6. 1987, p. 27. (9 OJ No L 90, 11. 4. 1991, p. 23. ) OJ No L 187, 7. 7. 1987, p. 7. () OJ No L 39, 13. 2. 1991, p. 16. corresponding to the words ‘agricultural conversion rate’ ; whereas the words ‘representative rate’ should accordingly be replaced by ‘agricultural conversion rate’; Whereas the measures provided for in this Regulation are in accordance with the opinion of the Management Committees for Milk and Milk Products, HAS ADOPTED THIS REGULATION : Article 1 Regulation (EEC) No 1589/87 is hereby amended as follows : 1. The first paragraph of Article 1 is replaced by the following : Provided the Commission has not observed that the condition laid down in Article 1 (3) of Regulation (EEC) No 1547/87 is fulfilled, the intervention agen- cies concerned shall buy in butter in accordance with the provisions of this Regulation. A notice of invitation to tender is published in the Annex to this Regula- tion ; : 2. in Article 4, ‘ECU 30’ is replaced by ‘ECU 40’; 3. in Article 7 (2), ‘14 days’ is replaced by ‘21 days’; 4. in Article 11, the words ‘representative rate’ are replaced by ‘agricultural conversion rate’. Article 2 The Annex to this Regulation is hereby added to Regula- tion (EEC) No 1589/87. Article 3 Regulation (EEC) No 1982/87 is hereby repealed. Article 4 This Regulation shall enter into force on the third day following its publication in the Official Journal of the European Communities. '