30.5.75 No.L139/28 OfficialJournaloftheEuropeanCommunities
REGULATION (EEC)No1376/75OFTHECOMMISSION
of29May1975
amendingRegulation (EEC)No540/75asregardsadditionalmeasurestobe
takenformonetarypurposesinrespectofagriculture
THECOMMISSION OFTHEEUROPEAN
COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity ;
HavingregardtoCouncilRegulation (EEC)No
475/75(')of27February1975ontheexchangerates
tobeappliedinagriculture,andinparticularArticle4
thereof;
WhereasCommissionRegulation(EEC)No540/75(2)
of28February1975layingdownadditionalmeasures
tobetakeninagriculturefollowingthefixing,with
effectfrom3March1975,ofnewrepresentative rates
forthecurrenciesofcertainMemberStates,as
amendedbyRegulation(EEC)No1108/75(3),listsin
itsAnnexIcertainitems,expressedinnationalcurren­
cies,whicharetobemaintainedattheirformerlevel
untilthebeginningofthe1975/76marketingyear;
whereastheseitemsincludetheinterventionprices
forcereals;
WhereasArticle4(3)ofCouncilRegulation(EEC)No
120/67/EEC(4)of13June1967onthecommon
organizationofthemarketincereals,aslastamended
byRegulation(EEC)No85/75(5),providesthatfrom
1Juneto31Julytheinterventionpricesforcommon
wheat,durumwheat,barleyandryeeffectivefor
Augustofthefollowingmarketingyearshallapply;
WhereasbyvirtueofArticle2ofRegulation (EEC)
No475/75theadjustmentoftheinterventionprices
innationalcurrenciesbyapplicationofthenewrepre­
sentativeratesfixedinArticle1ofthatRegulation
doesnotcomeintoeffectforcerealsuntilthebegin­
ningofthe1975/76marketingyear,namely1August
1975;whereas,theincreaseininterventionprices
decidedonforthenewmarketingyearhavingalready
beenappliedinJuneandJuly1975forthecerealsin
question,applicationofthenewratesofexchangeon
1AugustwouldincertainMemberStatesresultina
fallintheinterventionpricesintermsofnationalcurrency;whereastheMemberStatesconcernedare
thoseinwhichthenewrepresentative rateforthe
.nationalcurrencyrepresentsarevaluationinrelation
totheparityofthatcurrency,namelytheBenelux
countriesandGermany;
Whereastoavoidsuchananomalyitisadvisableto
providethatintheseMemberStatestheintervention
pricesfortheproductsinquestionbeconvertedinto
thenationalcurrenciesatthenewratesofexchange
witheffectfrom1June1975,thedateonwhichthe
interventionpricesfixedforthe1975/76marketing
yearareappliedtothecerealsinquestion;whereas,
consequently ,itisadvisabletoamendRegulation
(EEC)No540/75byprovidingthatthecoefficients
mentionedinArticle1ofthatRegulationshould
ceasetobeappliedtotheinterventionpricesinthe
BeneluxcountriesandGermanyfrom1June1975;
WhereastheManagementCommitteeforCerealshas
notdeliveredanopinionwithinthetimelimitsetby
itsChairman,
HASADOPTEDTHISREGULATION :
Article1
Article1ofRegulation(EEC)No540/75issupple­
mentedbytheadditionofasecondparagraphas
follows:
'However,inthecaseofcerealstheintervention
pricesapplicabletocommonwheat,durumwheat,
barleyandryeshallintheBeneluxcountriesand
Germanybeadjustedbyapplicationoftheappro­
priatecoefficientasspecifiedinthepreceding
paragraphonlyuntil31May1975.'
Article2
ThisRegulationshallenterintoforceonthedayofits
publicationintheOfficialJournaloftheEuropean
Cominunities.
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,29May1975.
FortheCommission
P.J.LARDINOIS
MemberoftheCommission
(')OJNoL52,28.2.1975,p.28.
{*)OJNoL57,3.3.1975,p.29.
(3)OJNoL110,30.4.1975,p.12.
C)OJNo117,19.6.1967,p.2269/67.
(s)OJNoL11,16.1.1975,p.1.
\