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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 L 106 , 29 . 4 . 1977 , P . 27 .

( 4 ) OJ NO L 359 , 31 . 12 . 1980 , P . 17 .

COUNCIL REGULATION ( EEC ) NO 850/81

OF 1 APRIL 1981

AMENDING REGULATION ( EEC ) NO 878/77 ON THE EXCHANGE RATES TO BE APPLIED IN AGRICULTURE

THE COUNCIL OF THE EUROPEAN

COMMUNITIES ,

HAVING REGARD TO THE TREATY ESTABLISHING THE EUROPEAN ECONOMIC COMMUNITY ,

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 ARTICLE 3 THEREOF ,

HAVING REGARD TO THE PROPOSAL FROM THE COMMISSION ,

WHEREAS THE REPRESENTATIVE RATES CURRENTLY APPLICABLE WERE FIXED BY COUNCIL REGULATION ( EEC ) NO 878/77 OF 26 APRIL 1977 ON THE EXCHANGE RATES TO BE APPLIED IN AGRICULTURE ( 3 ), AS LAST AMENDED BY REGULATION ( EEC ) NO 3447/80 ( 4 );

WHEREAS WITH EFFECT FROM 23 MARCH 1981 CERTAIN CHANGES IN THE CENTRAL RATES OF COMMUNITY CURRENCIES HAVE OCCURRED WITHIN THE EUROPEAN MONETARY SYSTEM ; WHEREAS THOSE CHANGES THEORETICALLY INVOLVE , IN SOME MEMBER STATES , AN INCREASE IN , OR THE INTRODUCTION OF , MONETARY COMPENSATORY AMOUNTS ; WHEREAS , THEREFORE , IT IS ADVISABLE TO TAKE THE NECESSARY MEASURES TO AVOID ANY SUCH RESULT ; WHEREAS THE REPRESENTATIVE RATES OF THE MEMBER STATES CONCERNED SHOULD THEREFORE BE ADJUSTED ;

WHEREAS THE REPRESENTATIVE RATES OF THOSE MEMBER STATES MUST BE ADJUSTED IMMEDIATELY IN ORDER TO AVOID AN INCREASE IN , OR THE INTRODUCTION OF , MONETARY COMPENSATORY AMOUNTS ;

WHEREAS IT IS ADVISABLE TO FIX A NEW AND MORE ECONOMICALLY REALISTIC EXCHANGE RATE FOR THE GERMAN MARK ;

WHEREAS WHEN THAT RATE IS ADJUSTED ACCOUNT MUST BE TAKEN OF THE EFFECTS OF THE OPERATION , PARTICULARLY ON PRICES ; WHEREAS , THEREFORE , PROVISION MUST BE MADE FOR THE NEW RATE TO TAKE GENERAL EFFECT AFTER A REASONABLE LAPSE OF TIME , TO COINCIDE AS A RULE WITH THE BEGINNING OF THE NEW MARKETING YEAR OR THE DATE OF AN ADJUSTMENT IN PRICES , ALTHOUGH IT SHOULD TAKE EFFECT IMMEDIATELY IN CERTAIN CASES ;

WHEREAS , IN ORDER TO PREVENT INTERDEPENDENT PRODUCTS ' BEING TREATED DIFFERENTLY , PROVISION MUST BE MADE FOR THE NEW RATE TO APPLY TO THE CEREALS , EGGS AND POULTRYMEAT AND OVALBUMIN AND LACTALBUMIN SECTORS FROM THE SAME DATE ;

WHEREAS IN THE INTERESTS OF CLARITY ALL THE REPRESENTATIVE RATES SHOULD BE REPUBLISHED ;

WHEREAS THE MONETARY COMMITTEE WILL BE CONSULTED ; WHEREAS , IN VIEW OF THE URGENCY OF THE MATTER , THE MEASURES ENVISAGED SHOULD BE ADOPTED SUBJECT TO THE CONDITIONS LAID DOWN IN ARTICLE 3 ( 2 ) OF REGULATION NO 129 ,

HAS ADOPTED THIS REGULATION :

ARTICLE 1

ANNEXES I TO VIII TO REGULATION ( EEC ) NO 878/77 SHALL BE REPLACED BY ANNEXES I TO IX TO THIS REGULATION .

ARTICLE 2

THIS REGULATION SHALL ENTER INTO FORCE ON 6 APRIL 1981 .

THIS REGULATION SHALL BE BINDING IN ITS ENTIRETY AND DIRECTLY APPLICABLE IN ALL MEMBER STATES .

DONE AT BRUSSELS , 1 APRIL 1981 .

FOR THE COUNCIL

THE PRESIDENT

G . BRAKS

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ANNEX I

BELGIUM/LUXEMBOURG

1 . 1 ECU À BFRS/LFRS 40.7985 .

THIS RATE SHALL APPLY FROM 6 APRIL 1981 .

2 . HOWEVER , IN THE FISHERIES SECTOR , THIS RATE SHALL APPLY FROM 1 JANUARY 1982 ; UNTIL THAT DATE , THE FOLLOWING RATE SHALL APPLY :

1 ECU À BFRS/LFRS 40.5191 .

ANNEX II

DENMARK

1 . 1 ECU À DKR 7.91917 .

THIS RATE SHALL APPLY FROM 6 APRIL 1981 .

2 . HOWEVER , IN THE FISHERIES SECTOR , THIS RATE SHALL APPLY FROM 1 JANUARY 1982 ; UNTIL THAT DATE , THE FOLLOWING RATE SHALL APPLY :

1 ECU À DKR 7.72336 .

ANNEX III

FEDERAL REPUBLIC OF GERMANY

1 . 1 ECU À DM 2.65660 .

THIS RATE SHALL APPLY FROM :

- 1 JULY 1981 FOR THE SUGAR AND ISOGLUCOSE SECTOR ,

- 1 AUGUST 1981 FOR THE CEREALS , EGGS AND POULTRYMEAT AND OVALBUMIN AND LACTALBUMIN SECTORS ,

- 1 NOVEMBER 1981 FOR THE PIGMEAT SECTOR ,

- 16 DECEMBER 1981 FOR THE WINE SECTOR ; OTHER DATES MAY HOWEVER BE FIXED FOR DISTILLATION OPERATIONS AND FOR THE AID PROVIDED FOR IN ARTICLES 14 AND 14A OF REGULATION ( EEC ) NO 337/79 ,

- 1 JANUARY 1982 FOR THE FISHERY PRODUCTS SECTOR ,

- 1 JULY 1982 FOR THE SEEDS SECTOR ,

- THE BEGINNING OF THE 1981/82 MARKETING YEAR FOR OTHER PRODUCTS FOR WHICH THERE EXISTS A MARKETING YEAR THAT HAS NOT STARTED BY 6 APRIL 1981 ,

- 6 APRIL 1981 IN ALL OTHER CASES .

2 . UNTIL THE DATES GIVEN ABOVE THE FOLLOWING RATE SHALL APPLY :

- 1 ECU À DM 2.75175 , EXCEPT FOR THE SEEDS SECTOR , WHERE 1 ECU À DM 2.78341 .

ANNEX IV

FRANCE

1 . 1 ECU À FF 5.99526 .

THIS RATE SHALL APPLY FROM 6 APRIL 1981 .

2 . HOWEVER , IN THE FISHERIES SECTOR , THIS RATE SHALL APPLY FROM 1 JANUARY 1982 ; UNTIL THAT DATE , THE FOLLOWING RATE SHALL APPLY :

1 ECU À FF 5.84700 .

ANNEX V

GREECE

1 . 1 ECU À DR 61.4454 .

THIS RATE SHALL APPLY FROM 6 APRIL 1981 .

2 . HOWEVER , IN THE FISHERIES SECTOR , THIS RATE SHALL APPLY FROM 1 JANUARY 1982 ; UNTIL THAT DATE , THE FOLLOWING RATE SHALL APPLY :

1 ECU À DR 59.7175 .

ANNEX VI

IRELAND

1 . 1 ECU À POUND ST . IRL 0.685145 .

THIS RATE SHALL APPLY FROM 6 APRIL 1981 .

2 . HOWEVER , IN THE FISHERIES SECTOR , THIS RATE SHALL APPLY FROM 1 JANUARY 1982 ; UNTIL THAT DATE , THE FOLLOWING RATE SHALL APPLY :

1 ECU À POUND ST . IRL 0.659274 .

ANNEX VII

ITALY

1 . 1 ECU À LIT 1 227.00 .

THIS RATE SHALL APPLY FROM 6 APRIL 1981 .

2 . HOWEVER , IN THE FISHERIES SECTOR , THIS RATE SHALL APPLY FROM 1 JANUARY 1982 ; UNTIL THAT DATE , THE FOLLOWING RATE SHALL APPLY :

1 ECU À LIT 1 157.79 .

ANNEX VIII

THE NETHERLANDS

1 . 1 ECU À FL 2.81318 .

THIS RATE SHALL APPLY FROM 6 APRIL 1981 .

2 . HOWEVER , IN THE FISHERIES SECTOR , THIS RATE SHALL APPLY FROM 1 JANUARY 1982 ; UNTIL THAT DATE , THE FOLLOWING RATE SHALL APPLY :

1 ECU À FL 2.79391 .

ANNEX IX

UNITED KINGDOM

1 ECU À POUND ST . 0.618655 .