11.2.78 OfficialJournaloftheEuropeanCommunities NoL41/25
COMMISSION REGULATION (EEC)No283/78
of10February1978
onthemonetarycompensatory amountsandthedifferentialamountsappli­
cableinrespectofmovementsintheFrenchfranc
THECOMMISSION OFTHEEUROPEAN
COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity ,
HavingregardtoCouncilRegulationNo136/66/EEC
of22September1966ontheestablishment ofa
commonorganizationofthemarketinoilsand
fats(1),aslastamendedbyRegulation(EEC)No
1707/73(2),
HavingregardtoCouncilRegulation (EEC)No
974/71of12May1971oncertainmeasuresof
conjuncturalpolicytobetakeninagriculture
followingthetemporarywideningofthemarginsof
fluctuationforthecurrenciesofcertainMember
States(3),aslastamendedbyRegulation(EEC)No
557/76(4),andinparticularArticle6thereof,
HavingregardtoCouncilRegulation (EEC)No
1569/72of20July1972layingdownspecial
measuresforcolzaandrapeseed(5),aslastamended
byRegulation(EEC)No3477/73(6),andinparticular
Articles2(2)and7thereof,
Whereasthemonetarycompensatory amountsintro­
ducedbyRegulation(EEC)No974/71werefixedby
CommissionRegulation(EEC)No938/77of29April
1977(7),aslastamendedbyRegulation(EEC)No
281/78(8);whereasthecomponentsusedtocalculate
thedifferentialamountswerefixedbyCommission
Regulation(EEC)No1423/77of29June1977(9),as
lastamendedbyRegulation(EEC)No216/78(10);
Whereasduringthereferenceperiodlaiddownin
Article2ofCommission Regulation (EEC)No
1380/75of29May1975layingdowndetailedrules
fortheapplicationofmonetarycompensatory
amounts(u),aslastamendedbyRegulation(EEC)No2505/77(12),andinArticle3ofCommissionRegula­
tion(EEC)No2300/73of23August1973ondetailed
rulesforapplyingthedifferentialamountsforcolza
andrapeseed(u),aslastamendedbyRegulation
(EEC)No632/75(H),namelytheperiodwhichbegan
on1February1978,theFrenchfrancunderwent
speculativemovements ;whereas,forthatreason,the
ratesrecordedduringtheperiodinquestioncannot
beconsideredasrepresentative ;whereas,furthermore
arecoveryoftheratesmaybeexpectedfollowing
measurestakenbytheFrenchGovernment ;whereas
itisthereforeappropriatetotakenoaccountofthe
ratesrecordedandtomakenoamendment forthe
presenttothemonetarycompensatory amountsand
thedifferentialamountsrelatingtothecurrencyin
question;
Whereastherelevantmanagementcommitteeshave
notdeliveredinopinionwithinthetimelimitsetby
theirchairmen,
HASADOPTEDTHISREGULATION :
Article1
BywayofderogationfromArticle3ofRegulation
(EEC)No2300/73andfromArticle2ofRegulation
(EEC)No1380/75,thecomponentsusedtocalculate
thedifferentialamountsandthemonetarycompensa­
toryamountsrelatingtomovementsintheFrench
francandapplicablewitheffectfrom1February1978
shallcontinuetoapplyduringtheperiodbeginning
13February1978.
Article2
ThisRegulationshallenterintoforceon13February
1978.
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,10February1978.
FortheCommission
FinnGUNDELACH
Vice-President
(!)OJNo172,30.9.1966,p.3025/66.
(2)OJNoL175,29.6.1973,p.5.
(3)OJNoL106,12.5.1971,p.1.
(4)OJNoL67,15.3.1976,p.1.
(5)OJNoL167,25.7.1972,p.9.
(6)OJNoL357,28.12.1973,p.6.
OOJNoL110,30.4.1977,p.6.
(8)Seepage21ofthisOfficialJournal.
OOJNoL160,30.6.1977,p.33.
(10)OJNoL31,2.2.1978,p.14.
(u)OJNoL139,30.5.1975,p.37.(»)OJNoL291,15.11.1977,p.15.
(>3)OJNoL236,24.8.1973,p.28.HOJNoL66,13.3.1975,p.11.