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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 C 81 , 1 . 4 . 1980 , P . 3 .

( 4 ) OJ NO C 97 , 21 . 4 . 1980 , P . 44 .

( 5 ) OJ NO L 84 , 4 . 4 . 1979 , P . 1 .

( 6 ) OJ NO L 161 , 29 . 6 . 1979 , P . 1 .

COUNCIL REGULATION ( EEC ) NO 1011/80

OF 23 APRIL 1980

AMENDING REGULATION ( EEC ) NO 652/79 ON THE IMPACT OF THE EUROPEAN MONETARY SYSTEM ON THE COMMON AGRICULTURAL POLICY

THE COUNCIL OF THE EUROPEAN

COMMUNITIES ,

HAVING REGARD TO THE TREATY ESTABLISHING THE EUROPEAN ECONOMIC COMMUNITY , AND IN PARTICULAR ARTICLES 28 , 43 AND 235 THEREOF ,

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 TO ARTICLE 3 THEREOF ,

HAVING REGARD TO THE PROPOSAL FROM THE COMMISSION ( 3 ),

HAVING REGARD TO THE OPINION OF THE EUROPEAN PARLIAMENT ( 4 ),

WHEREAS REGULATION ( EEC ) NO 652/79 ( 5 ), AS LAST AMENDED BY REGULATION ( EEC ) NO 1264/79 ( 6 ), INTRODUCED THE EUROPEAN MONETARY SYSTEM INTO THE COMMON AGRICULTURAL POLICY FOR A PERIOD ENDING 31 MARCH 1980 ;

WHEREAS THE EXPERIENCE GAINED FROM THE APPLICATION OF THAT REGULATION UNTIL 31 MARCH 1980 IS SUCH THAT THE REGULATION MAY BE EXTENDED UNTIL 30 JUNE 1980 ;

WHEREAS , HOWEVER , ON THIS OCCASION A MORE HOMOGENOUS SYSTEM SHOULD BE INTRODUCED WITH REGARD TO THE FRANCHISES ADOPTED FOR CALCULATING THE MONETARY COMPENSATORY AMOUNTS ,

HAS ADOPTED THIS REGULATION :

ARTICLE 1

WITH EFFECT FROM 1 APRIL 1980 THE DATE ' 31 MARCH 1980 ' APPEARING IN THE SECOND SUBPARAGRAPH OF ARTICLE 5 OF REGULATION ( EEC ) NO 652/79 , SHALL BE REPLACED BY ' 30 JUNE 1980 ' , WITHOUT THE INDIVIDUAL RIGHTS ACQUIRED BY OPERATORS BEING THEREBY AFFECTED .

ARTICLE 2

WITH EFFECT FROM 28 APRIL 1980 , POINT ( B ) OF ARTICLE 3 OF REGULATION ( EEC ) NO 652/79 SHALL BE REPLACED BY THE FOLLOWING :

' ( B ) IN ARTICLE 2 , THE FOLLOWING PARAGRAPH SHALL BE INSERTED :

' ' 1A . HOWEVER :

( A ) THE PERCENTAGE OR THE AVERAGE OF THE PERCENTAGES REFERRED TO IN PARAGRAPH 1 SHALL BE REDUCED :

- BY 1.50 POINTS IN THE CASE OF MEMBER STATES APPLYING MONETARY COMPENSATORY AMOUNTS LEVIED ON EXPORT AND GRANTED ON IMPORT ,

- BY ONE POINT IN THE CASE OF MEMBER STATES APPLYING MONETARY COMPENSATORY AMOUNTS LEVIED ON IMPORT AND GRANTED ON EXPORT . WITH REGARD TO MEMBER STATES WHICH MAINTAIN THEIR CURRENCIES WITHIN A MAXIMUM RANGE AT ANY GIVEN MOMENT OF 2.25 % OF ONE ANOTHER , THE ONE POINT REDUCTION SHALL APPLY ONLY AS FROM THE TIME WHEN THE CURRENCY CONCERNED IS REVALUED AFTER THE ENTRY INTO FORCE OF REGULATION ( EEC ) NO 652/79 ; IT SHALL BE LIMITED TO THE EFFECT OF THE REVALUATION ;

( B ) THE PERCENTAGE OF ONE SHALL BE APPLIED AS LONG AS , AFTER THE DEDUCTION OF ONE OR OF 1.50 POINTS , AS THE CASE MAY BE , THE RESULT OBTAINED IS LESS THAN 1.1 AND MORE THAN 0 ' ' . '

ARTICLE 3

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 BRUSSELS , 23 APRIL 1980 .

FOR THE COUNCIL

THE PRESIDENT

G . MARCORA