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( 1 ) OJ NO 106 , 30 . 10 . 1962 , P . 2553/62 .

( 2 ) OJ NO L 263 , 19 . 9 . 1973 , P . 1 .

( 3 ) OJ NO L 106 , 29 . 4 . 1977 , P . 27 .

( 4 ) OJ NO L 89 , 9 . 4 . 1979 , P . 1 .

COUNCIL REGULATION ( EEC ) NO 1266/79

OF 25 JUNE 1979

AMENDING , WITH RESPECT TO THE POUND STERLING AND THE FRENCH FRANC , REGULATION ( EEC ) NO 878/77 ON THE EXCHANGE RATES TO BE APPLIED IN AGRICULTURE

THE COUNCIL OF THE EUROPEAN

COMMUNITIES ,

HAVING REGARD TO THE TREATY ESTABLISHING THE EUROPEAN ECONOMIC COMMUNITY ,

HAVING REGARD TO COUNCIL REGULATION NO 129 ON THE VALUE OF THE UNIT OF ACCOUNT AND THE EXCHANGE RATES TO BE APPLIED FOR THE PURPOSES OF THE COMMON AGRICULTURAL POLICY ( 1 ), AS LAST AMENDED BY REGULATION ( EEC ) NO 2543/73 ( 2 ), AND IN PARTICULAR ARTICLE 3 THEREOF ,

HAVING REGARD TO THE PROPOSAL FROM THE COMMISSION ,

WHEREAS THE REPRESENTATIVE RATES CURRENTLY APPLICABLE WERE FIXED BY COUNCIL REGULATION ( EEC ) NO 878/77 OF 26 APRIL 1977 ON THE EXCHANGE RATES TO BE APPLIED IN AGRICULTURE ( 3 ), AS LAST AMENDED BY REGULATION ( EEC ) NO 705/79 ( 4 ); WHEREAS A REPRESENTATIVE RATE CLOSER TO ECONOMIC REALITY SHOULD BE FIXED FOR THE FRENCH FRANC AND THE POUND STERLING ;

WHEREAS THE ADJUSTMENT OF THESE RATES SHOULD TAKE ACCOUNT OF ITS EFFECTS IN PARTICULAR ON PRICES AND ALSO OF THE SITUATION OBTAINING IN THE MEMBER STATES CONCERNED ; WHEREAS FOR THIS REASON IN PARTICULAR THE NEW RATES SHOULD GENERALLY BE APPLIED WITHIN A REASONABLE PERIOD , COINCIDING IF POSSIBLE WITH THE BEGINNING OF THE MARKETING YEAR OR WITH A CHANGE IN PRICES , ALTHOUGH IMMEDIATE IMPLEMENTATION SHOULD NOT BE RULED OUT IN CERTAIN CASES ;

WHEREAS , TO AVOID DIFFERENT TREATMENT FOR INTERDEPENDENT PRODUCTS , IT SEEMS NECESSARY TO STIPULATE THAT THE NEW RATES SHALL APPLY TO SUGAR AND ISOGLUCOSE FROM THE SAME DATE ; WHEREAS FOR THE SAME REASONS THERE SHOULD BE A SINGLE DATE FOR THE APPLICATION OF THE NEW RATES IN THE CEREALS SECTOR AND THE EGGS , POULTRY , OVALBUMIN AND LACTALBUMIN SECTOR ;

WHEREAS THE MONETARY COMMITTEE WILL BE CONSULTED ; WHEREAS , IN VIEW OF THE URGENCY INVOLVED , THE MEASURES ENVISAGED SHOULD BE ADOPTED IN ACCORDANCE WITH THE CONDITIONS LAID DOWN IN ARTICLE 3 ( 2 ) OF REGULATION NO 129 ,

HAS ADOPTED THIS REGULATION :

ARTICLE 1

1 . ARTICLE 2A ( 3 ) ( A ) OF REGULATION ( EEC ) NO 878/77 SHALL BE REPLACED BY THE FOLLOWING TEXT :

' 3 . ( A ) THE REPRESENTATIVE RATE OF ONE FRENCH FRANC À 0.181501 ECU SHALL APPLY WITH EFFECT FROM :

- 1 JULY 1979 FOR THE ISOGLUCOSE SECTOR ,

- 1 AUGUST 1979 FOR THE EGGS , POULTRY , OVALBUMIN AND LACTALBUMIN SECTOR ,

- 16 DECEMBER 1979 FOR THE WINE SECTOR ; OTHER DATES MAY , HOWEVER , BE LAID DOWN FOR DISTILLATION OPERATIONS ,

- 1 JANUARY 1980 FOR THE FISHERY PRODUCTS SECTOR ,

- THE DATE OF THE FIXING OF THE AMOUNT OF AID TO PRODUCERS IN RESPECT OF THE 1978 CROP FOR THE HOPS SECTOR ,

- THE BEGINNING OF THE 1979/80 MARKETING YEAR FOR OTHER PRODUCTS FOR WHICH THE MARKETING YEAR HAS NOT YET COMMENCED ON THE DATE OF ENTRY INTO FORCE OF REGULATION ( EEC ) NO 1266/79 ,

- 2 JULY 1979 IN ALL OTHER CASES . '

2 . ARTICLE 2A ( 5 ) OF REGULATION ( EEC ) NO 878/77 SHALL BE REPLACED BY THE FOLLOWING :

' 5 . BY WAY OF DEROGATION FROM PARAGRAPH 2 , AS REGARDS THE POUND STERLING , THE REPRESENTATIVE RATE OF ONE POUND STERLING À 1.72039 ECU SHALL APPLY WITH EFFECT FROM :

- 1 JULY 1979 FOR THE ISOGLUCOSE SECTOR ,

- 1 AUGUST 1979 FOR THE EGGS , POULTRY , OVALBUMIN AND LACTALBUMIN SECTOR ,

- 16 DECEMBER 1979 FOR THE WINE SECTOR ; OTHER DATES MAY , HOWEVER , BE LAID DOWN FOR DISTILLATION OPERATIONS ,

- 1 JANUARY 1980 FOR THE FISHERY PRODUCTS SECTOR ,

- THE DATE OF THE FIXING OF THE AMOUNT OF AID TO PRODUCERS IN RESPECT OF THE 1978 CROP FOR THE HOPS SECTOR ,

- THE BEGINNING OF THE 1979/80 MARKETING YEAR FOR OTHER PRODUCTS IN RESPECT OF WHICH THE MARKETING YEAR HAS NOT YET BEGUN AT THE DATE OF ENTRY INTO FORCE OF REGULATION ( EEC ) NO 1266/79 ,

- 2 JULY 1979 FOR THE PIGMEAT SECTOR AND ALL OTHER CASES . '

ARTICLE 2

THIS REGULATION SHALL ENTER INTO FORCE ON THE DAY OF ITS PUBLICATION IN THE OFFICIAL JOURNAL OF THE EUROPEAN COMMUNITIES .

THIS REGULATION SHALL BE BINDING IN ITS ENTIRETY AND DIRECTLY APPLICABLE IN ALL MEMBER STATES .

DONE AT LUXEMBOURG , 25 JUNE 1979 .

FOR THE COUNCIL

THE PRESIDENT

J . LE THEULE