64 OfficialJournaloftheEuropeanCommunities
NoL291/148^OfficialJournaloftheEuropeanCommunities 28.12.72
REGULATION (EEC)No2746/72OFTHECOUNCIL
of19December1972
amendingRegulation (EEC)No974/71oncertainmeasuresofconjunctural
policytobetakeninagriculturalfollowingthetemporarywideningofthe
marginsoffluctuationforthecurrenciesofcertainMemberStates
ofthatDecision;whereasothercompensatory
amountsshouldbetakenintoaccountwithin
thesystemoffinancingthecommonagri­
culturalpolicy;
HASADOPTED THISREGULATION :
Article1THECOUNCIL OFTHEEUROPEAN COMMUNI­
TIES,
HavingregardtotheTreatyestablishingthe
EuropeanEconomicCommunity,andinpartic­
ularArticles28,43,103and235thereof;
HavingregardtotheproposalfromtheCom­
mission;
HavingregardtotheOpinionoftheEuropean
Parliament ;
WhereasCouncilRegulation (EEC)No974/711
of12May1971oncertainmeasuresofcon­
juncturalpolicytobetakeninagriculture
followingthetemporarywideningofthe
marginsoffluctuationforthecurrenciesof
certainMemberStates,introducedforthe
MemberStatesallowingtheexchangerateof
theircurrencytofluctuatebyamarginwider
thantheonepermittedbyinternationalrules,
asystemofcompensatory amountsbased
uponthedifferencebetweenthepartiesin
forceintheMemberStatesconcernedandthe
arithmeticmeanofthespotmarketratesof
thatcurrencyagainsttheUSDollar;
Whereaspendingtheofficialrevaluationofthe
currenciesofcertainMemberStates,compen­
satoryamountsshouldbebroughtwithinthe
commonagriculturalpolicy;
Whereascompensatory amountschargedin
tradewithnon-Member StatesunderRegula­
tion(EEC)No974/71constituteagricultural
levieswithinthemeaningofArticle2(a)ofthe
Decisionof21April19702onthereplacement
offinancialcontributions fromMemberStates
bytheCommunities ownresourcesor,for
goodssubjecttospecialtradearrangements ,
thesecompensatory amountsconstitutecustoms
dutieswithinthemeaningofArticle2(b)Regulation(EEC)No974/71shallbeamended
asfollows:
1.Thefollowingshallbesubstitutedforthe
firstcitation:
'HavingregardtotheTreatyestablishing
theEuropeanEconomicCommunity,and
inparticularArticles28,43and235
thereof.'
2.Thefollowingshallbesubstitutedfor
Article1(1):
'1.Ifincommercialtransactions aMem­
berStateallowstheexchangerateofits
currencytofluctuatebyamarginwider
thantheonepermittedbytheinternational
rulesinforceon12May,1971,itshall:
(a)chargeonimportsfromotherMember
Statesandthirdcountries,
(b)grantonexportstootherMember
Statesandthirdcountries
compensatory amountsfortheproducts
referredtobelowinparagraph2underthe
conditionslaiddownhereinafter.'
3.Thefollowingshallbesubstitutedforthe
secondsubparagraph ofArticle1(2):
'1.Paragraph1shallnotapplywhere
applicationofthemonetarymeasures
referredtointhatparagraphwouldleadto
disturbances intradeinagricultural
products.'1OJNoL106,12.5.1971,p.1.
2OJNoL94,28.4.1970,p.19.

OfficialJournaloftheEuropeanCommunities 65
Article2 commonagriculturalpolicy,thecompen­
satoryamountschargedorgrantedin
tradewithMemberStatesshallbetreated
aspartoftheexpenditureonintervention
intendedtostabilisetheagriculturalmar­
kets.
3.Wherenecessary,detailedrulesfor
theapplicationofthisArticlemaybe
adoptedaccordingtotheprocedurelaid
downinArticle13ofRegulation (EEC)
No729/70.1'ThefollowingshallbesubstitutedforArticle7
ofRegulation (EEC)No974/71:
'1.Witheffectfrom1July1972,for
thepurposesofthefinancingofthecom­
monagriculturalpolicy,thecompensatory
amountsgrantedintradewiththirdcoun­
triesshallbetreatedaspartoftheexpen­
ditureonrefundsgrantedonexportsto
thirdcountries.
2.Witheffectfrom1January1973,
forthepurposesofthefinancingoftheArticle3
ThisRegulationshallapplyfrom1July1972.
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinall
MemberStates.
DoneatBrussels,19December1972.
FortheCouncil
ThePresident
T.WESTERTERP
1OJNoL94,28.4.1970,p.13.