18.10.75 OfficialJournaloftheEuropeanCommunities NoL269/1
I
(Actswhosepublication isobligatory)
REGULATION (EEC)No2638/75OFTHECOUNCIL
of16October 1975
amending Regulation (EEC)No475/75withregardtotherateofexchange tobe
appliedinagriculture fortheIrishpoundandthepoundsterling
layingdownrulesfortheimplementation ofRegula­
tion(EEC)No653/68onconditions foralterations to
thevalueoftheunitofaccountusedforthecommon
agricultural policy;whereasthoseprovisions refer
onlytoalterations intheparityofacurrency ;whereas
theapplication ofthoseprovisions isalsojustifiedin
thepresentcaseofachangeintherepresentative
rate;
WhereastheMonetaryCommittee willbeconsulted
onthefixingofthenewrepresentative rates;whereas,
inviewoftheurgencyofthematter,themeasures
shouldbeadoptedinaccordance withtheconditions
laiddowninArticle3(2)ofRegulation No129,
HASADOPTED THISREGULATION :THECOUNCIL OFTHEEUROPEAN
COMMUNITIES ,
HavingregardtotheTreatyestablishing theEuropean
Economic Community ;
HavingregardtoCouncilRegulation No129(l)on
thevalueoftheunitofaccountandtheexchange
ratestobeappliedforthepurposesofthecommon
agricultural policy,aslastamended byRegulation
(EEC)No2543/73(2),andinparticular Article3
thereof;
HavingregardtotheproposalfromtheCommission ;
WhereasCouncilRegulation (EEC)No475/75(3)of
27February1975ontheexchangeratestobeapplied
inagriculture ,asamendedbyRegulation (EEC)No
1925/75(4),fixed,forthecurrencies oftheMember
States,andinparticular fortheIrishpoundandthe
poundsterling,therepresentative exchangeratetobe
usedinagriculture ;
WhereasitisintheinterestsoftheCommunity to
reverttousingapricesystem;whereasthataimmay
moreeasilybeattainedbyfixing,foreachofthe
currencies inquestion ,anewrepresentative rate
whichisclosertotherealeconomic situation ;
whereas,inapplyingthoserates,anyparticular diffi­
cultieswhichmayariseincertainsectorsshouldbe
takenintoaccount ;
Whereastheproblemspresented bythealteration of
therelationship betweentheunitofaccountanda
nationalcurrencyhaveresultedintheadoptionof
Regulations inthatsphere,andinparticularCouncil
Regulation (EEC)No1134/68(5)of30July1968Article 1
InArticle 1(2)ofRegulation (EEC)No475/75,the
representative ratesreferredtoin(e)and(h)shallbe
replacedbythefollowingrates:
(e)fortheIrishpound:£1Irish=1-72914unitsof
account ;
(h)forthepoundsterling :£1sterling=1-75560
unitsofaccount .
Article2
Theprovisions ofRegulation (EEC)No1134/68
relatingtothealterationoftherelationship between
theparityofthecurrencyofaMemberStateandthe
valueoftheunitofaccountshallapplyinrespectof
thechangeintherepresentative ratefortheIrish
poundandthepoundsterling.(•)OJNo106,30.10.1962,p.2553/62.
(2)OJNoL263,19.9.1973,p.1.
(3)OJNoL52,28.2.1975,p.28.
(4)OJNoL195,26.7.1975,p.35.
(5)OJNoL188,1.8.1968,p.1.

NoL269/2 OfficialJournaloftheEuropeanCommunities 18.10.75
Article3
1.ThisRegulation shallenterintoforceontheday
ofitspublication intheOfficialJournaloftheEuro­
peanCommunities .
2.Thenewrepresentative ratesshalltakeeffect
from27October1975,Article2ofRegulation (EEC)
No475/75toremainapplicable fortheproductsfor
whichthe1975/76marketing yearhasnotyetbegun
onthatdateorforwhichthepricesfor1975/76are
notyetapplicable onthatdate.
However :
—inrespectofthecerealssector,thenewrepresen­
tativeratesshalltakeeffectfrom3November1975,exceptfortheamountsreferredtointhe
secondindent,
—inrespectoftheamountsfixedinunitsofaccount
referringtocommonwheat,theneivrepresenta­
tiveratesshalltakeeffectfrom1July1976,
—inrespectofbeefandveal,thenewrepresentative
ratesshalltakeeffectfrom5January1976,except
fortheamountreferredtointhefollowingindent,
—inrespectoftheamountofthepremiumreferred
toinArticle 1(1),secondsubparagraph ,of
CouncilRegulation (EEC)No464/75(!)of27
February1975establishing systemsofpremiums
forproducers ofbovineanimals,therepresentative
ratesfortheperiodofapplication ofthisRegula­
tionshallbethosevalidbefore4August1975.
ThisRegulation shallbebindinginitsentiretyanddirectlyapplicable inallMember
States.
DoneatLuxembourg ,16October1975.
FortheCouncil
ThePresident
M.PEDINI
(')OJNoL52,28.2.1975,p.5.