OfficialJournaloftheEuropeanCommunities 527
NoL312/4 OfficialJournaloftheEuropeanCommunities 12.12.69
REGULATION (EEC)No2464/69OFTHECOUNCIL
of9December1969
onmeasurestobetakeninagricultureasaresultoftherevaluationoftheGermanmark
HASADOPTED 'THISREGULATION :
Article1
1.AidgrantedtoGermanagriculturalproducers
undertheconditionssetoutbelowshallbe
consideredtobecompatiblewiththecommon
market.
2.Suchaidmaybegranteduptotheamountof
DM1700millionforeachbudgetaryyearfrom1970
to1973inclusive.TheCommunityshallcontributeto
thefinancingofsuchaidonadecreasingscaleas
providedbyArticle2.,
3.Aidmaybegrantedintheformofdirectaidsto
agriculturalproducersinsofarastheyarenot
calculatedonthebasisofthepriceorthequantityof
theproduct.
Aidmaybegrantedpartlyintheformofanadvance
totheagriculturalproducerwhenhesellshis
products,subjecttoamaximumof3%oftheselling
price,tobepaideitherbythebuyerorbyanagency
tobeappointedbythecompetentnational
authorities .
4.TheFederalRepublicofGermanyshalltake
appropriatestructuralorsocialmeasurestooffsetthe
decreasingfinancialsupportfromtheCommunity .
5.TheproceduralprovisionsofArticle93ofthe
Treatyshallapplytotheaidreferredtointhis
Article.THECOUNCILOFTHEEUROPEAN COMMUNITIES ,
HavingregardtotheTreatyestablishingthe
EuropeanEconomicCommunity,andinparticular
Articles42and43thereof;
HavingregardtotheproposalfromtheCommission ;
HavingregardtotheOpinionoftheEuropean
Parliament ;
Whereas,byvirtueofArticle2ofCouncilRegulation
No1291onthevalueoftheunitaccountandthe
exchangeratestobeappliedforthepurposesofthe
commonagriculturalpolicy,asamendedby
Regulation (EEC)No653/68,2therevaluationofthe
Germanmarkandthepresentunalteredvalueofthe
unitofaccountentailareductioninagricultural
pricesexpressedinGermanmarks,whicharefixedin
unitsofaccountunderthecommonagricultural
policy;whereas,asaresultoftransitionalmeasures,
thepricereductionshouldbecomefullyeffective
from1January1970;whereasGermanagriculture
willtherebysufferalossofincome;
Whereasonthebasisofcurrentdataonthevalueof
theunitofaccountandonthepricesandquantities
oftheagriculturalproductsinquestion,suchlossof
incomecanbeestimatedatDM1700millionayear;
WhereasprovisionshouldbemadefortheFederal
RepublicofGermanytograntaidbywayof
compensationforsuchlossesintheformofdirectaid
toagriculturalproducers;
Whereastheaidproposedmustbegrantedonly
duringaspecifiedperiod,itbeingpossibletoensure
thecontinuationofaidthroughmeasuresofsocialor
structuralpolicy;
WhereastheCommunityshould,throughthe
EAGGF,contributeonadecreasingscaletothe
financingoftheproposedaid;Article2
TheGuaranteeSectionoftheEAGGFshall
contributetothefinancingofthemeasuresreferred
toinArticle1bymakingthefollowingpaymentsto
theFederalRepublicofGermany:
90millionunitsofaccountunderthe1971budget;
60millionunitsofaccountunderthe1972budget.1OJNo106,30.10.1962,p.2553/62.
2OJNoL123,31.8.1968,p.4.

528 OfficialJournaloftheEuropeanCommunities
AfterexaminingthefinancialstateoftheGuarantee
SectionoftheEAGGF,theCommissionmaypropose
totheCouncilthatsuchmeasuresbefinancedunder
the1973budget,uptoamaximumamountof30
millionunitsofaccount.post-revaluation economictrendsinGerman
agricultureresultingfromthemeasurestakenbythe
GermanGovernment .
TheCouncilshall,inthelightofthedevelopmentof
thecommonagriculturalpolicy,decideon
appropriatemeasurestobetaken,inaccordancewith
theprocedurelaiddowninArticle43(2)ofthe
Treaty.Article3
Article4TheFederalRepublicofGermanyshallsubmitan
annualreporttotheCommissionontheeffectofthe
measurestakenonGermanagriculturalincome.
Beforetheendof1973theCouncilshallexamine,on
thebasisofareportfromtheCommission,ThisRegulationshallenterintoforceonthethird
dayfollowingitspublicationintheOfficialJournal
oftheEuropeanCommunities .
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,9December1969.
FortheCouncil
ThePresident
J.M.A.H.LUNS