NoL357/40 OfficialJournaloftheEuropeanCommunities 28.12.73
REGULATION (EEC)No3496/73OFTHECOMMISSION
of21December 1973
onthemonetarycompensatory amountsapplicableinItaly
Whereasmonetarycompensatory amountsare
normallyfixedwitheffectfromaMondayandare
basedonthemeanofspotmarketratesrecordedover
theperiodrunningfromthepreviousWednesday
weektothepreviousTuesday;whereas,inviewofthe
forthcomingholidayperiod,anexceptionshouldbe
madetothisruletofacilitateadministration andtake
accountonthefactthatforeignexchangemarketswill
beclosed;whereas,therefore,themonetarycompensa­
toryamountsforthefirstweekof1974shouldbe
basedondatafortheperiodfrom12to18December
1973;
Whereasthereisaneedtoalterthecoefficientwhich
isappliedtoaccessioncompensatory amounts,levies
andrefundsinpursuanceofArticle3(3)ofCommis­
sionRegulation (EEC)No1463/73(7)of30May1973
layingdowndetailedrulesfortheapplicationofmone­
tarycompensatoryamounts,aslastamendedbyRegu­
lation(EEC)No3257/73(s);whereasthiscoefficient
reflectsthepercentagedifferencereferredtoinArticle
2ofRegulation (EEC)No974/71whichhasaltered
becauseofthenewconversionratetobetakeninto
consideration fortheItalianliraasfrom1JanuaryTHECOMMISSION OFTHEEUROPEAN
COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity ;
HavingregardtoCouncilRegulation (EEC)No
974/71(')of12May1971oncertainmeasuresof
conjunctural policytobetakeninagriculture
followingthetemporarywideningofthemarginsof
fluctuation forthecurrenciesofcertainMember
States,aslastamendedbyRegulation (EEC)No
3450/73(2),andinparticularArticle6thereof;
Whereasthemonetarycompensatory amountsintro­
ducedbyRegulation (EEC)No974/71werefixedby
CommissionRegulation (EEC)No2102/73(3)of31
July1973,aslastamendedbyRegulation (EEC)No
3452/73(4);
WhereasCouncilRegulation (EEC)No2958/73(5)of
31October1973,asamendedbyRegulation (EEC)
No2996/73(fa),fixedarepresentative conversionrate
fortheItalianliratobeappliedinagriculturewith
effectfrom1January1974;whereas,however,the
newArticle4bofRegulation (EEC)No974/71stipu­
latesthatforproductsforwhichamarketingyearis
fixedtheeconomiceffectsofthismeasuremust,asa
generalrule,bedeferredtothebeginningofthe
1974/75marketingyear;whereastothisend,under
thetermsofthatArticle,theintervention and
buying-inpricesvalidinItalyare,untiltheendofthe
1973/74marketingyear,fixedatthelevel,expressed
inlira,resultingfromtheapplicationofprovisionsin
forceon31December1973;whereasforproductsto
whichmonetarycompensatory amountsapply,the
incidenceofthismeasuremustbetakenintoaccount
whensuchamountsarebeingfixed;
Whereasthismaybedonebyapplyingtoprices
resultingfromthenewconversionrateapercentage
representing ,ontheonehand,thedifferencebetween
spotmarketratesandthenewrepresentative ratefor
theliraand,ontheotherhand,thedifference
betweenItalianpricesresultingfromthedifferent
exchangeratesapplicableon31December1973and
1January1974;1974;
WhereasthemeasuresprovidedforinthisRegulation
areinaccordancewiththeOpinionsoftheManage­
mentCommitteesforWine,forCereals,forPigmeat,
forPoultrymeatandEggs,forSugar,forMilkandMilk
ProductsandforBeefandVeal,
HASADOPTEDTHISREGULATION :
ArticlL-1
ThecoefficienttorItalyappearinginAnnexIIto
Regulation (EEC)No2102/7;?shallbereplaced
by1·084witheffectfromIJanuary1974.
Article2
IhisRegulationshallenterintoforceonthedayofits
publicationintheOfficialJournaloftheEuropean
Communities')0|NoL106,12.5.1971,p.1.
-)OJNoL.*53,22.12.1973,p.25.
OJNoL213,1.8.1973,p.I.
4)OJNoL353,22.12.1973,p.29.
5)OJNoL303,1.11.1973,p.I.
6)OJNoL305,1.II.1973,p.7.()O)NoL146,4.6.197?,p.I.
(s)OjNoL331,1.12.1973,p.58.

28.12.73 OfficialJournaloftheEuropeanCommunities NoL357/41
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,21December1973.
FortheCommission
ThePresident
François-Xavier ORTOLI