50 OfficialJournaloftheEuropeanCommunities
NoL113/2 OfficialJournaloftheEuropeanCommunities 15.5.72
COMMISSION REGULATION (EEC)No979/72
of12May1972
fixingthecompensatory amountsprovidedforinRegulation (EEC)No974/71on
certainmeasuresofconjuncturalpolicytobetakeninagriculturefollowingthe
temporarywideningofthemarginsoffluctuationforthecurrenciesofcertain
MemberStates
THECOMMISSION OFTHEEUROPEAN
COMMUNITIES ,
HavingregardtotheTreatyestablishingthe
EuropeanEconomicCommunity,
HavingregardtoCouncilRegulation (EEC)No974/
71of12May1971oncertainmeasures .of
conjunctura'lpolicyto'betakeninagriculture
followingthetemporarywideningofthemarginsof
fluctuationforthecurrenciesofcertainMember
States(*),andinparticularArticle6thereof,
WhereasArticle1ofRegulation (EEC)No974/71
authorizesMemberStates,withtheexceptionof
Italy,tochargecompensatory amountsonimports
fromotherMemberStatesandthirdcountriesand
tograntcompensatory amountsonexportsto
MemberStatesandthirdcountries;
WhereasArticle2ofthatRegulationspecifiesthat
thecompensatory amountsfortheproductscovered
byinterventionarrangements areequaltothe
amountsobtainedbyapplyingtothepricesthe
percentagedifferencebetween:
—theparityofthecurrencyoftheMemberState
concerneddeclaredtoandrecognizedbythe
InternationalMonetaryFund,ontheonehand,subjectofaspecificarrangementunderArticle235
oftheTreaty,thecompensatory amountsareequal
totheincidence,onthepricesoftheproduct
concerned,oftheapplicationofthecompensatory
amounttothepricesoftheproductsreferredtoin
theprecedingrecital,onwhichtheydepend;
Whereaspursuanttothesecondsubparagraph of
Article1(2)ofRegulation (EEC)No974/71the
optionreferredtoinArticle1isexercisedonlywhere
applicationofthemonetarymeasuresinquestion
wouldleadtodisturbancesintradeinagricultural
products;whereas,moreover,Artie1e4(2)ofthat
Regulationspecifiesthatnocompensatory amount
isfixedforproductsforwhichtheamountcalculated
inaccordancewithArticle2isnegligibleinrelation
totheiraveragevalue;
WhereastheCommission ,byRegulation (EEC)No
1013/71of17May1971(2),aslastamendedby
Regulation (EEC)No978/72(3),adopteddetailed
rulesfortheapplicationofRegulation (EEC)No
974/71;
Whereasitfollowsfromapplyingtheabovecriteria,
accountbeingtakenpursuanttoArticle1(2)of
Regulation (EEC)No1013/71ofthespotmarket
ratesrecordedon4,5,8and9May1972,the
compensatoryamountsshouldbefixedatthelevels
specifiedintheAnnextothisRegulation :
Whereas,asfarastradebetweentwoMember
Statesisconcerned,thecompensatory amount
applicabletoagivenproductinoneMemberState
isreducedbythecompensatory amountappliedto
thatproductintheother;
WhereasthemeasuresprovidedforinthisRegulation
areinaccordancewiththeopinionsoftheand
—thearithmetic -meanofthespotmarketratesof
thiscurrencyagainsttheUSdollarduringa
periodtobedetermined;
WhereasthesameArtidestipulatesthatforproducts
whosepricedependsonthe-priceoftheproducts"
referredtoaboveandwhicharegovernedbythe
commonorganizationofthemarketsorarethe
(2)OJNoL110,18.5.1971,p.8.
(3)OJNoL113,15.5.1972,p.1. HOJNoL106,12.5.1971,p.1.

OfficialJournaloftheEuropeanCommunities 51
Article2 ManagementCommitteesforWine,forCereals,for
Pigmeat,forPoultrymeatandEggs,forSugar,for
MilkandMilkProducts,forBeefandVeal,for
ProductsProcessedfromFruitandVegetablesand
forFisheries,1.ThisRegulationsha'1'1enterintoforceontheday
ofitspublicationintheOfficialJournalofthe
EuropeanCommunities .
HASADOPTEDTHISREGULATION :
Article12.Itshalltakeeffect:
—from9May,inrespectofcereals,Thecompensatory amountsreferredtoinArticle1
ofRegulation (EEC)No974/71arefixedinthe
Annexes.—fromadatetobefixedbytheCommission ,in
respectofotherproducts.
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,12May1972.
FortheCommission
ThePresident
S.L.MANSHOLT
TheAnnexestothisRegulationarenotreproducedinthiseditionastheywererepealedby
CommissionRegulation (EEC)No2705/72andreplacedbytheAnnexestothatRegulation
whichappearsonpage65ofthisOfficialJournal.