26.11.74 OfficialJournaloftheEuropeanCommunities NoL316/5
REGULATION (EEC)No2966/74OFTHECOMMISSION
of25November 1974
introducingtemporarymeasuresinrespectofmonetarycompensatory amounts
followingsuspensionoftheapplicationofArticle4a(2)ofRegulation (EEC)No
974/71
WhereastheprovisionsprovidedforinthisRegula­
tionareinaccordancewiththeOpinionsofthe
ManagementCommitteesforCereals,EggsandPoul­
trymeat,Pigmeat,MilkandMilkProducts,andSugar,
HASADOPTED THISREGULATION :
Article1
MemberStatesareherebyauthorized,wheresuspen­
sionoftheapplicationofArticle4a(2)ofRegulation
(EEC)No974/71providedforbyRegulation (EEC)
No2497/74resultsinmonetarycompensatory
amountsbeingappliedorincreased,nottocharge,at
theirdiscretionandsubjecttotheconditionssetout
below,themonetarycompensatory amountorthe
proportionoftheamountwhichcorrespondstothe
increase.THECOMMISSION OFTHEEUROPEAN
COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity ;
HavingregardtoCouncilRegulation (EEC)No
974/71(')of12May1971oncertainmeasuresof
conjunctural policytobetakeninagriculture
followingthetemporarywideningofthemarginsof
fluctuation forthecurrenciesofcertainMember
States,aslastamendedbyRegulation (EEC)No
2497/74(2),andinparticularArticle6(1)thereof;
WhereasRegulation (EEC)No974/71instituted
monetarycompensatory amountstobeappliedin
tradebetweenMemberStatesandwiththirdcountries
tocounteracttheeffectsofmonetarymeasureswhich
mightotherwisehaveaffectedtheproperfunctioning
ofthecommonagriculturalpolicy;
WhereasArticle4a(2)ofthatRegulationprovidesthat
intradebetweenMemberStatesandthirdcountries,
thecompensatory amountsapplicableowingtothe
decreaseinvalueofthecurrencyconcernedmaynot
behigherthanthechargeonproductsimportedfrom
thirdcountries;whereastheapplicationofthisprovi­
sionhas,incertainsectors,hadtheeffectofreducing
oreliminatingmonetarycompensatory amounts;
WhereasCouncilRegulation (EEC)No2497/74of2
October1974,whichsupplemented Regulation(EEC)
No974/71,suspendedtheapplicationofthatArticle
asfrom21October1974;
Whereas,fortraderswho,beforetheadoptionofthat
Regulation ,enteredintocontractscontainingset
conditionsthesuspensionofthatprovisionhassome­
timesresultedinchargeswhichcouldnothavebeen
takenintoaccountwhenthecontractswereentered
intobeingleviedonexports;
Whereas,inordertoobviatethelevyofsuchcharge,
whichtraderscouldnothaveforeseen,itappearsdesir­
abletoauthorizetheMemberStatesincertaincases
nottochangethecompensatory amountorthe
proportionofthisamountwhichcorrespondstothe
increaseinthemonetarycompensatory amount;Article2
1.Article1shallapplyonlytoexportstoMember
Statesorthirdcountrieseffectedinperformanceof
bindingcontractsenteredintobefore20September
1974.
2.Theauthorization referredtoinArticle 1shall
beusedonlyattherequestoftheinterestedparty,
whichshallbelodgedwithin10daysfromthedateof
entryintoforceofthisRegulation ,andifsuchparty
furnishesproof,atthetimeoflodgingtherequest,
thatifthereimposedorincreasedmonetarycompensa­
toryamountwerecharged,thiswouldrepresentfor
theexporterofthepartywithwhomhehas
contractedanexcessiveadditionalburdenwhichcould
notbeavoidedbytheexerciseofallnecessaryand
normalcare.
3.Theauthorization referredtoinArticle 1shall
beusedonly
—inthecaseoftradewiththirdcountrieswherean
exportcertificateisrequired:forexportscarried
outduringtheperiodofvalidityofthecertificate
thathasbeendelivered .
(')OJNoL106,12.5.1971,p.1.
(2)OJNoL268,3.10.1974,p.5.inothercases:fortransactions carriedoutwithin
aperiodofthreemonthsfrom20September1974.

NoL316/6 OfficialJournaloftheEuropeanCommunities 26.11.74
Article4 Article3
MemberStatesshallinformtheCommission ofthe
criteriawhichtheyintendtoadoptinapplyingthe
authorization referredtoinArticle1.
Inaddition,MemberStatesshallnotifytothe
Commissioneverythreemonthsthecasesinrespect
ofwhichtheyhavemadepracticaluseoftheauthori­
zation.ThisRegulationshallenterintoforceonthethirdday
followingitspublicationintheOfficialJournalof
theEuropeanCommunities .Itshallapplytoexports
carriedoutfrom21October1974onwards.
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,25November1975.
FortheCommission
ThePresident
Francois-Xavier ORTOLI