18.7.74 OfficialJournaloftheEuropeanCommunities NoL195/1
I
(Actswhosepublication isobligatory)
REGULATION (EEC)No1847/74OFTHECOUNCIL
of15July1974
oncertainmeasures tobetakeninagriculture inrespectofItaly,following the
fixingofanewrepresentative ratefortheItalianlira
May1971oncertainmeasuresofconjunctural policy
tobetakeninagriculture following thetemporary
widening ofthemarginsoffluctuation forthecurren­
ciesofcertainMemberStates,aslastamended by
Regulation (EEC)No3450/73(7),istobeapplied
subjecttotheprovisions referredtoabove;whereasall
themeasures referredtoabovetakeeffectonthedate
onwhichthemeasurestakenwithinthemeaningof
Article7(5)ofCommission Decision74/287/EEC(8)
of8-May1974authorizing theItalianRepublictotake
certainprotective measuresunderArticle108(3)of
theEECTreatybecomeapplicable ;THECOUNCIL OFTHEEUROPEAN
COMMUNITIES ,
HavingregardtotheTreatyestablishing theEuropean
Economic Community ,andinparticular Articles28,
43,103and235thereof ;
HavingregardtoCouncilRegulation No129(1)on
thevalueoftheunitofaccountandtheexchange
ratestobeappliedforthepurposesofthecommon
agricultural policy,aslastamended byRegulation
(EEC)No2543/73(2),andinparticular Article3
thereof ;
HavingregardtotheproposalfromtheCommission ;
HavingregardtotheOpinionoftheEuropean Parlia­
ment;
WhereasCouncilRegulation (EEC)No2958/73(3)of
31October1973ontheexchangerateappliedinagri­
culturefortheItalianlira,aslastamendedbyRegula­
tion(EEC)No1685/74(4),fixedarepresentative rate
forthatcurrencywhichshouldhaveledtoacertain
increaseinthepricesofagricultural productsinItaly;
WhereasArticle2(1)ofCouncilRegulation (EEC)No
1424/74(5)of6June1974amending inparticular
Regulation (EEC)No2958/73ontheexchange rate
appliedinagriculture fortheItalianlira,asamended
byRegulation (EEC)No1685/74,providesthatas
regardsproductsforwhichthe1974/75marketing
yearhasnotyetstarted,theintervention andpurchase
pricesapplicable inItalyaretobeincreased by
12-5%untilthatmarketing yearstarts,exceptforthe
durumwheatandolive-oilsubsidies ,whicharetobe
converted usingtherepresentative ratefortheItalian
liraapplicable on28January1974;whereasArticle
4bofCouncilRegulation (EEC)No974/71(6)of12Whereas ,furthermore ,Article2(2)ofRegulation
(EEC)No1424/74providesthattheamountsofthe
durumwheatandolive-oil subsidies areforthe
1974/75marketing yeartobeconverted usingthe
representative ratefortheItalianliraapplicable on28
January1974;whereas ,underArticle2aofthesame
Regulation ,Article4bofRegulation (EEC)No974/71
isnolongertoapplyinrespectofpigmeatasfrom1
July1974;
Whereas ,inviewoftheurgencyofthematter,some
ofthemeasuresreferredtoabovewereadoptedunder
Article103oftheTreaty;whereastheyshouldnow
bemadepartofthecommonagricultural policy;
whereassincethesemeasuresaretooperatetogether,
theyshouldbebroughttogetherinasingleinstru­
ment;
WhereastheMonetary Committee willbeconsulted
onthequestionsconcerning therepresentative rate
fortheItalianlira;whereas,inviewoftheurgencyof
thematter,themeasuresenvisagedshouldbeadopted
undertheconditions laiddowninArticle3(2)of
Regulation No129,(»)OJNo106,30.10.1962,p.2553/62.
(2)OJNoL263,19.9.1973,p.1.
(*)OJNoL303,1.11.1973,p.1.
(")OJNoL176,30.6.1974,p.1.
(5)OJNoL150,7.6.1974,p.39.
(')OJNoL106,12.5.1971,p.1.(7)OJNoL353,22.12.1973,p.25.
(8)OJNoL152,8.6.1974,p.18.

NoL195/2 OfficialJournaloftheEuropean Communities 18.7.74
HASADOPTED THISREGULATION :
Article 1
Thefollowing isaddedtoArticle 1(2)ofRegulation
(EEC)No2958/73:
'(d)100Italianlira=0-124844unitofaccount
fromadatetobefixedundertheprocedure
laiddowninArticle108(3)oftheTreaty;this
dateshallcoincidewiththedateonwhichthe
measurestakenwithinthemeaningofArticle
7(5)oftheCommission Decisionof8May
1974(')becomeapplicable .Inrespectof
sugar,however,therepresentative rateshall
takeeffecton1July1974.'
Article 2
1.Asregardsproducts forwhichthe1974/75
marketing yearhasnotyetstarted,theintervention
andpurchase pricesapplicable inItalyshallbe
increased by12-5%untilthatmarketing yearstarts.
Article4bofRegulation (EEC)No974/71shallbe
appliedsubjecttotheprovisions ofthefirstsubpara­graph,exceptforthedurumwheatandolive-oil
subsidies .
2.Theamounts ofthedurumwheatandolive-oil
subsidiesshallforthe1974/75marketing yearbe
converted usingtherepresentative ratefortheItalian
liraapplicable on28January1974.
3.Themeasures referredtointhisArticleshall
applyfromthedatereferredtoinArticle 1.
Article3
Witheffectfrom1July1974,Article4bofRegula­
tion(EEC)No974/71shallnolongerapplyinrespect
ofpigmeat.
Article4
ThisRegulation shallenterintoforceontheday
following itspublication intheOfficialJournalof
theEuropean Communities .
Itshall,witheffectfromtheirdatesofentryinto
force,replaceRegulation (EEC)Nos1424/74and
(EEC)No1685/74,whichareherebyrepealed .
ThisRegulation shallbebindinginitsentiretyanddirectlyapplicable inallMember
States.
DoneatBrussels,15July1974.
FortheCouncil
ThePresident
Christian BONNET
(i)OJNoL152.8.6.1974,p.18.