30.6.74 OfficialJournaloftheEuropeanCommunities NoL176/1
I
(Actswhosepublicationisobligatory)
REGULATION (EEC)No1685/74OFTHECOUNCIL
of27June1974
amendinginparticularRegulation (EEC)No2958/73ontheexchangerate
appliedinagriculturefortheItalianlira
1July1974;whereasitshouldthereforebeensured
thattheapplicationofthenewrateforsugarcoin­
cideswiththebeginningofthemarketingyear;
WhereastheMonetaryCommitteewillbeconsulted
andwhereas,inviewoftheurgencyofthematter,the
measuresenvisagedshouldbeadoptedunderthe
conditionslaiddowninArticle3(2)ofRegulationNo
129;THECOUNCILOFTHEEUROPEAN
COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity ,andinparticularArticle103
thereof;
HavingregardtoCouncilRegulationNo129(')on
thevalueoftheunitofaccountandtheexchangerate
tobeappliedforthepurposesofthecommonagricul­
turalpolicy,aslastamendedbyRegulation (EEC)No
2543/73(2),andinparticularArticle3thereof;
HavingregardtotheproposalfromtheCommission ;
WhereasArticle 1ofCouncilRegulation (EEC)No
2958/73(3)of31October1973ontheexchangerate
appliedinagriculturefortheItalianlira,aslast
amendedbyRegulation (EEC)No1424/74(4),makes
provisionforrepresentative ratesfortheItalianlirato
beappliedwitheffectfrom1November1973,1
January1974and28January1974;whereas,pursuant
toArticle1(2)(d)ofthatRegulationanewrepresenta­
tiverateistobeappliedwitheffectfromadatetobe
fixedundertheprocedurelaiddowninArticle108(3)
oftheTreaty,thisdatetocoincidewiththedateon
whichthemeasurestakenwithinthemeaningof
Article7(5)oftheCommissionDecisionof8May
1974(3)authorizingtheItalianRepublictotake
certainprotectivemeasuresunderArticle108(3)of
theTreatybecomeapplicable ;
Whereasifthesaidmeasuresshouldenterintoforce
after30June1974,theapplicationofthenewrepre­
sentativeratewouldleadtoanundesiredchangefor
sugarinthe1974/75marketingyearwhichbeginsonWhereas,inthecaseofthepigmeatsector,Article2
ofRegulation (EEC)No1424/74stipulatedthatthe
purchasepriceapplicableinItalyshouldbeincreased
by12-5%untilthebeginningofthe1974/75
marketingyear,andArticle4bofCouncilRegulation
(EEC)No974/71(b)of12May1971oncertain
measuresofconjuncturalpolicytobetakeninagricul­
turefollowingthetemporarywideningofthemargins
offluctuation forthecurrenciesofcertainMember
States,aslastamendedbyRegulation (EEC)No
3450/73(7),isappliedtakingintoaccountthefirst
subparagraph ofparagraph Ioftheabovementioned
Article2;whereastheItalianpurchasepriceisthere­
fore3-18%lessthanthepriceresultingfromthenew
conversionrate;
Whereasconstantimportsarerequiredforthemarket
inpigmeatinItaly;whereas,inviewofItaly'spresent
balanceofpaymentsdifficulties ,itseemsdesirableto
stimulatedomesticproductionasmuchaspossible;
whereas,tothisend,thepriceoriginallylaiddownfor
thebeginningofthemarketingyear1974/75should
beincreasedimmediately ;whereasArticle4bofRegu­
lation(EEC)No974/71isaccordinglynolongerappli­
cableinthissector,(')OJNo106,30.10.1962,p.2553/62.
(2)OJNoL263,19.9.1973,p.1.
(3)OJNoL303,1.11.1973,p.1.
(4)OJNoL150,7.6.1974,p.39.
(s)OJNoL152,8.6.1974,p.18.(")OJNoL106,12.5.1971,p.1.
(7)OJNoL353,22.12.197*.p.25.

NoL176/2 OfficialJournalofthpEuropeanCommunities 30.6.74
'Article2a
Witheffectfrom1July1974,Article4bofRegula­
tion(EEC)No974/71shallnolongerapplyin
respectofpigmeat.'HASADOPTED THISREGULATION :
Article1
ThefollowingsentenceisaddedtoArticle1(2)(d)of
Regulation (EEC)No2958/73:'Inrespectofsugar,
however,therepresentative rateshalltakeeffecton1
July1974.'
Article2
ThefollowingArticleisaddedtoRegulation (EEC)
No1424/74:Article3
ThisRegulationshallenterintoforceonthedayofits
publicationintheOfficialJournaloftheEuropean
Communities .
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatLuxembourg ,27June1974.
FortheCommission
ThePresident
K.GSCHEIDLE