20.7.74 OfficialJournaloftheEuropeanCommunities NoL198/37
II
(Actswhosepublicationisnotobligatory)
COMMISSION
COMMISSION DECISION
of17July1974
settingalimitdatetotheCommissionDecisionof8May1974authorizingthe
ItalianRepublictotakecertainsafeguardmeasuresunderArticle108(3)ofthe
EECTreatywithrespecttocertainsectorsofagriculture
(OnlytheItaliantextisauthentic)
(74/386/EEC)
THECOMMISSION OFTHEEUROPEAN
COMMUNITIES ,
HavingregardtotheTreatyestablisningtheEuropean
EconomicCommunity ,andinparticularArticle
108(3)thereof;
HavingregardtoCouncilRegulation (EEC)No
2958/73(')of31October1973ontherateofconver­
siontobeappliedinthe'agriculturalsectorforthe
Italianlira,aslastamendedbyRegulation (EEC)No
1847/74(2),andinparticularArticle 1(2)(d)
thereof;theapplicationofthemonetarycompensatory
amountsinstitutedbyCouncilRegulation (EEC)No
974/71(4)of12May1971oncertainmeasuresof
short-termeconomicpolicytobetakeninagriculture
followingthetemporarywideningofthemarginsof
fluctuation forthecurrenciesofcertainMember
States,aslastamendedbyRegulation (EEC)No
3450/73(5),inwhosecasepaymentofthedepositis
stillobligatory;whereastheappreciablereductionof
thesecompensatory amountsgrantedonimportand
chargedonexporttoItalyiscalculatedtoreplacethe
bankdeposithithertorequiredbyameasuremorein
linewiththeproperfunctioningofthecommonagri­
culturalmarket;
Whereas,byitsDecisionof8May1974(3),the
Commission authorizedtheItalianRepublicto
requireevidencetobeshownintheimportationof
certaingoodsthatacashdepositrepresenting50%of
thecifvalueofthesaidgoodshasbeenpaid;
WhereasthatDecisionprovidesthatalimitdatebe
soonsettothatauthorizationwithrespecttoagricul­
turalproductssubjecttomarketorganization
comprisingstrictpricesupportarrangements ,andto
productsprocessedtherefrom ;Whereastothisend,whenthisabolitiontakeseffect,
thenewrepresentative ratefixedfortheItalianlira
mustbecomeoperative,pursuanttoArticle1(2)(d)
ofRegulation (EEC)No2958/73;whereasapplication
ofthatrepresentative ratewillcausethepricesruling
inthesectorsconcernedinItalytorise,suchrise
beingaccompanied bycorresponding adjustmentof
themonetarycompensatory amounts;
WhereasitappearspossibletodispensenowwiththatWhereas,however,certainexceptionsarenecessaryto
authorizationwithrespecttothosesectorssubjecttoallowforbetterconditionsforcattlerearinginItaly
andthushelpItaly'sbalance-of-payments position;
C)OJNoL303,1.11.1973,p.1.
(2)OJNoL195,18.7.1974,p.1. (*)OJNoL106,12.5.1971,p.1.
(3)OJNoL152,8.6.1974,p.18. (®)OJNoL353,22.12.1973,p.25.

NoL198/38 OfficialJournaloftheEuropeanCommunities 20.7.74
forceofthisDecision,theapplicationofmonetary
compensatory amountswithrespecttobeefandveal
products,otherthanthosereferredtoinArticle1of
theCommissionDecisionof5June1974.
2.Thisauthorization shalllapseafterthethree
months:
—assoonastheCommission shallfindthatthe
pricesrulingontheItalianmarketandonallthe
otherCommunitymarketsarebelowtheinterven­
tionprice;
—andinanyeventnotlaterthanon31January
1975.
Article4
Therepresentative rateoftheItalianliraindicatedin
Article1(2)(d)ofRegulation (EEC)No2958/73
shallbecomeoperativeon22July1974withrespect
tothoseagriculturalproductsinwhosecaseitisnot
yetso,andtothosegoodswhicharethesubjectof
specificarrangementsunderArticle235oftheTreaty.
Article5
ThisDecisionisaddressedtotheItalianRepublic.Whereas,moreover,thedepositsystemcouldsuitably
bescrappedwithrepecttosomeotheragricultural
productsoflesserimportance,
HASADOPTEDTHISDECISION :
Article1
Inthecaseofthefollowingproducts,theauthoriza­
tionreferredtoinArticle1oftheCommission Deci­
sionof8May1974shalllapseon22July1974:
(a)cerealproducts;
(b)eggandpoultrymeatproducts;
(c)milkproducts;
(d)wineproducts;
(e)goodscomingunderRegulation (EEC)No
1059/69;
(f)horsescomingunderCCTsubheading
01.01AIII;
(g)seedpotatoescomingunderCCTsubheading
07.01AI.
Article2
ByderogationfromArticle1,firstsubparagraph ,of
theCommissionDecisionof8May1974,theamount
ofthedepositmaynotexceed25%ofthecifvalueof
beefandvealproductsotherthanthosereferredtoin
Article1oftheCommissionDecisionof5June
1974(!).
Article3
1.Italyshallbeauthorizedtemporarilytosuspend,
foraminimumofthreemonthsfromtheentryintoDoneatBrussels,17July1974.
FortheCommission
ThePresident
Francois-Xavier ORTOLI
(')OJNoL154,11.6.1974,p.22.