22.12.73 OfficialJournaloftheEuropeanCommunities NoL353/25
REGULATION (EEC)No3450/73OFTHECOUNCIL
of17December1973
amendingRegulation (EEC)No974/71asregardsthelevelofpricesforagricultural
productsinItalyfollowingdevelopments inthemonetarysituation
policy;andRegulation (EEC)No2959/73should
thereforeberepealed,asitsprovisionsarereplaced
byidenticalprovisionsinthisRegulationwitheffect
from1November1973;
WhereasArticle4(ib)ofRegulation (EEC)No974/
71providedfora1°/oincreaseinItalianpricesfor
themarketingyear1973/74andacorresponding
reductioninthemonetarycompensatory amounts;
whereastheeffectsofthesemeasuresshouldbein­
corporatedintothesystemnowapplicable,
HASADOPTEDTHISREGULATION :THECOUNCILOFTHEEUROPEAN
COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuro­
peanEconomicCommunity ,andinparticularAr­
ticles28,43,103and235thereof;
HavingregardtotheproposalfromtheCommission ;
HavingregardtotheOpinionoftheEuropeanPar­
liament(*);
WhereasCouncilRegulation (EEC)No2958/73(2)
of31October1973ontheexchangerateappliedin
agriculturefortheItalianlire,fixedarepresentative
exchangeratefortheItalianlirewitheffectfrom
1November1973,adifferentratebeingappliedas
from1January1974;whereastheapplicationof
thisratewouldleadtosomeincreaseintheprices
ofagriculturalproductsontheItalianmarket,where­
asitwouldappeardesirabletolessentheimpactof
thismeasureontheItalianeconomyasfaraspos­
sible;
Whereasinordertopreventthisriseinprices,Coun­
cilRegulation (EEC)No2959/73(3)of31October
1973,providingforcertainshort-termeconomicmea­
suresforsugarinItaly,followingdevelopments in
themonetarysituation,stipulatedthattheexisting
pricesforsugarinItalyat31October1973shouldbe
maintaineduntiltheendofthecurrentmarketing
year;whereasthisRegulationalsoprovidedforthis
measuretobetakenintoaccountinthefixingofthe
monetarycompensatory amountsintroducedby
CouncilRegulation (EEC)No974/71(4)of12May
1971,oncertainmeasuresofconjuncturalpolicyto
betakeninagriculturefollowingthetemporary
wideningofthemarginsoffluctuationforthecur­
renciesofcertainMemberStates,aslastamended
byRegulation (EEC)No1225/73(5);
Whereasthecircumstances thatledtotheadoption
ofRegulation (EEC)No2959/73alsoexistsforpro­
ductsotherthansugar,althoughinalessprominent
form;whereasasimilarsolutionisnowessentialin
ordertolimittheincreaseinpricesresultingfrom
therepresentative ratetobeappliedon1January
1974;whereasallthesearrangements shouldbeset
withintheframeworkofthecommonagriculturalArticle1
Article4(b)ofRegulation (EEC)No974/71shall
bereplacedbythefollowing :
'Article4(b)
1.Exceptfortheproductsreferredtointhe
followingparagraphs ,theinterventionandpur­
chasepricesapplicableinItalyshallbefixed,
untiltheendofthe1973/74marketingyear,at
thelevelresultingfrcrntheapplicationofthe
provisionsinforceon31December1973,ex­
pressedinItalianlire.
Theactivatingpriceforinterventionmeasures
asregardstablewineshallbemaintaineduntil
15December1974atitslevelof31December
1973,expressedinItalianlire.
Theinterventionpricesforsugarandthemini­
mumpricesforsugarbeetapplicableinItalyuntil
30June1974,shallbemaintainedattheirlevel
of31October1973,expressedinItalianlire.
2.Asregardseggs,poultrymeat,ovalbumin
andlactalbumin ,theeffectsofthemeasuresre­
ferredtoinparagraph 1shallbetakenintoac­
countuptotheexpiryofthe1973/74marketing
year.
3.AmountspayablebyItalyinaccordance
withtherulesonagriculturalmarketsfollowing
otherinterventions ontheinternalmarketshall')OJNoC105,4.12.1973,p.11.
*)OJNoL303,1.11.1973,p.1.
3)OJNoL303,1.11.1973,p.3.
4)OJNoL106,12.5.1971,p.1.
5)OJNoL125,11.5.1973,p.49.

NoL35316 OfficialJournaloftheEuropeanCommunities 22.12.73
befixedbyreferencetotheeffectsofthemea­
suresreferredtoinparagraph 1.
4.Forproductsinrespectofwhichcompensa­
toryamountsaretobeappliedunderArticle1,
theeffectsofthemeasuresreferredtoinpara­
graph1shallbetakenintoaccountwhenthe
compensatoryamountsarefixed.
5.Where,inapplyingtheregulationsonthe
commonorganization ofagriculturalmarkets,
pricesonItalianmarketsaretoberetained,theeffectsofthemeasuresreferredtoinparagraph1
shallbetakenintoaccount.'
Article2
ThisRegulationshallenterintoforceonthethird
dayfollowingitspublicationintheOfficialJournal
oftheEuropeanCommunities .Itshalltakeeffecton
1January1974;withregardtosugar,however,it
shalltakeeffecton1November1973.Fromthat
dateitshallreplaceRegulation (EEC)No2959/73
whichisherebyrepealed.
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,17December1973.
FortheCouncil
ThePresident
I.N0RGAARD