26.7.75 OfficialJournaloftheEuropean Communities NoL195/35
REGULATION (EEC)No1925/75OFTHECOUNCIL
of25July1975
ontheratesofexchange tobeappliedinagriculture fortheIrishpoundandthe
poundsterling
THECOUNCIL OFTHEEUROPEAN
COMMUNITIES ,
HavingregardtotheTreatyestablishing theEuropean
Economic Community ;
HavingregardtoCouncilRegulation No129(')on
thevalueoftheunitofaccountandtheexchange
ratestobeappliedforthepurposesofthecommon
agricultural policy,aslastamended byRegulation
(EEC)No2543/73(2),andinparticular Article3
thereof ;
HavingregardtotheproposalfromtheCommission ;
WhereasCouncilRegulation (EEC)No475/75(3)of
27February1975ontheexchangeratestobeapplied
inagriculture fixed,forthecurrencies oftheMember
States,representative exchangeratestobeusedinagri­
culture ;
Whereas thoserateswerefixedwiththeaimof
adaptingthemascloselyaspossibletothereal
economic situation ;whereasthataimisnolonger
achieved asregardstheUKandIrishcurrencies ;
whereastherehassubsequently beenconsiderable
depreciation intheconversion ratesactuallyrecorded
forboththosecurrencies ontheexchange markets ;
Whereas itisintheinterestsoftheCommunity to
reverttoasinglepricesystem;whereasthataimmay
moreeasilybeattainedbyfixing,foreachofthe
currencies inquestion ,anewrepresentative rate
whichisclosertotherealeconomic situation ;
whereas ,inapplyingthoserates,theparticular diffi­
cultieswhichmayariseincertainsectorsshouldbe
takenintoaccount ;
Whereastheproblemspresented bythealteration of
therelationship betweentheunitofaccountanda
nationalcurrency haveresultedintheadoption of
regulations inthatsphere,andinparticular Council
Regulation (EEC)No1134/68(4)of30July1968
layingdownrulesfortheimplementation ofRegula­
tion(EEC)No653/68onconditions foralterations to
thevalueoftheunitofaccountusedforthecommon
agricultural policy;whereasthoseprovisions refer
onlytoalterations intheparityofacurrency ;whereas
theapplication ofthoseprovisions isalsojustifiedin
thepresentcaseofachangeintherepresentative
rate;WhereastheMonetary Committee willbeconsulted
onthefixingofthenewrepresentative ratesand
whereas ,inviewoftheurgencyofthematter,the
measuresshouldbeadoptedinaccordance withthe
conditions laiddowninArticle3(2)ofRegulation No
129,
HASADOPTED THISREGULATION :
Article 1
InArticle 1(2)ofRegulation (EEC)No475/75,the
representative ratesreferredtoin(e)and(h)are
replacedbythefollowing rates:
'(e)fortheIrishpound :
£1Irish=1-76843unitsofaccount ,
(h)forthepoundsterling :
£1sterling=1-86369unitsofaccount.'
Article 2
Theprovisions ofRegulation (EEC)No1134/68
relatingtothealteration oftherelationship between
theparityofthecurrencyofaMemberStateandthe
valueoftheunitofaccountshallapplyinrespectof
thechangeintherepresentative ratefortheIrish
poundandthepoundsterling .
Article3
1.ThisRegulation shallenterintoforceontheday
ofitspublication intheOfficialJournaloftheEuro­
peanCommunities .
2.Thenewrepresentative ratesshalltakeeffect
from4August1975,ontheunderstanding that
Article2ofRegulation (EEC)No475/75shallremain
applicable fortheproductsforwhichthe1975/76
marketing yearhasnotyetbegunonthatdate.
However :
—inrespectofthesupplementary nationalpremium
grantedunderArticle 1(2)ofCouncilRegulation
(EEC)No464/75(5)of27February 1975esta­
blishingsystemsofpremiums forproducers of
bovineanimals ,thenewrepresentative ratesshall
takeeffectfrom 1January1976;
—inrespectoftheamountofthepremium referred
toinArticle 1(1),secondsubparagraph ,ofRegula­
tion(EEC)No464/75,therepresentative ratesfor
theperiodofapplication ofthisRegulation shall
bethosevalidbefore4August1975.(')OJNo106,30.10.1962,p.2553/62.
(2)OJNoL263,19.9.1973,p.1.
(3)OJNoL52,28.2.1975,p.28.
(■»)OJNoL188,1.8.1968,p.1. (5)OJNoL52,28.2.1975,p.5.

L195/36 OfficialJournaloftheEuropeanCommunities26.7.75
ThisRegulation shallbebindinginitsentiretyanddirectlyapplicable inallMember
States.
DoneatBrussels,25July1975.
FortheCouncil
ThePresident
G.MARCORA