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COM (83) 431 
 
 
 
Vol. 1983/0 162 
  
 
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COMMISSION  OF THE  EUROPEAN  COMMUNITIES 
COM(83) 431  final 
Brussels,  4 July 1983 
Proposal  for a 
COUNCIL  REGULATION  (EEC) 
amending  Regulation  (EEC) No 1223/83 on the exchange  rates to be  applied  in 
agriculture 
(submitted  to the Council  by the Commission) 
COM(83) 431  final 

EXPLANATORY  MEMORANDUM 
1. At the  time the 1983/84  agricultural  price package  was decided,  a new 
representative rate  for the  Greek drachma  was agreed  based on the  then 
prevailing  market  rate for this currency. This  new rate was introduced 
immediately  for those products  whose marketing  year had already started,  and 
was due to be  introduced  later for those products  whose marketing  year 
1983/84 had yet to  start. Thus the new  representative rate  was to be 
introduced  on 1 November  1983 for the  pigmeat  sector and on 16  December  1983 
for the wine sector. 
2. Meanwhile improvements  in the  market  rate of the  drachma have  had the  result 
that the negative  monetary compensatory amounts  in Greece,  remaining  in 
those sectors  where the new  representative rate  has yet to  enter into force, 
have been  materially  reduced,  and positive  monetary compensatory amounts 
have been  introduced  in those sectors  where the new  representative rate 
already applies. 
3. Greece  had asked for the  date of introduction  of the new  representative rate 
to be brought  forward  in the  wine and pigmeat  sectors.  In view of related 
decisions  and in  order to put off the  introduction  of positive  monetary 
compensatory  amounts,  the Commission proposes  that the Council  set, for 
these two products,  a revised rate applicable  immediately  and to  apply until 
the end of the  current  marketing  year. This revised rate  will cancel 
the current  monetary  gap between  the market  rate and the  representative rate 
the negative  monetary compensatory amounts  will,  therefore, disappear. 

Proposal  fer a 
COUNCIL  REGULATION  (EEC) 
amending  Regulation  (EEC) No'|223/ft'? n tnc exchange  rates to be applied in 
agfiOTture 
THE  COUNCIL  OF THE  EUROPEAN 
COMMUNITIES, 
Having  regard to the Treaty establishing the  European 
Economic  Community, 
Having  regard to  Council  Regulation No 129 on the 
value of the unit of account and the exchange rates to 
be applied for the purposes of the common  agricul­
tural policy ('), as last amended by Regulation (EEC) 
No 2543/73  (J), and in particular  Article  3 thereof, 
Having  regard to the proposal  from  the Commission, 
Whereas the representative  rates  currently applicable 
were fixed  by Counci  L Regulation  (EEC)  No 1223/83  (3), as  last 
amended by Regulation (EEC)  No'l  626/83  ('); 
whereas  that  Regulation provides  that  the  new representative  rate  for the  drachma  is to 
enter into force  on 16  December  1983 for the  wine  and  piqmeat  sectors;  whereas 
the new  re'presentafive  'rate in  .these'sectors,  should  be introduced  in. 
two stages,  the  first immediately  and  the  second  on  '16" December  1983; 
Whereas  Council  Regulation  (EEC)  No 337/79  of 5 
February  1979 on the common organization of the market in w  e (*), as  last amended by Regulation 
(EEC)  No 21*. '82 0, provides for certain distillation 
operations and  ' : whereas  the date  of application of 
these  new rates  a; lying in its  context  may differ from 
the other  date  of application of the new  rates  in the 
wine sector; 
Whereas the Monetary Committee will be consulted;  where as, as this  is an urgent matter 
measures  envisaged  should be adopte'd in accordance''"wTtF'tFe* conditions  Laid  down in 
Article  5 (Z) of RegulationHsfoTzT; " 
HAS ADOPTED  THIS  REGULATION : 
Article  1 
Annex V to Regulation (EEC)  Nol  223/83, 
replaced by the Annex hereto.  "™~———— 
Article  2 
This Regulation shall  enter  into force on 11  July  is hereby 
1983. ' 
This Regulation shall be binding in its entirety and directly applicable in all Member 
States. 
.Done at Brussels, 1983. 
For the Council 
(') OJ No 106, 30. 10. 1962, p.  2553/62. 
0 OJ No L 263, 19. 9. 1973, p. 1. 
(3) OJ No L 132, 21.  5.1983,  p. 33. 
T4TOJ NO L 160/ 18.  671983,  p^ 6. O OJ No L 54, 5. 2. 1979, p. 1. 
(') OJ No L 227, 3. 8. 1982, p. 1. 

ANNEX V 
GREECE 
1. 1  ECU  = 77,2479  Greek  drachmas. 
This  race shall apply  from:  . . 
— 23 May 1983 for the  milk  and  milk  products sector, 
— 23 May 1983 for the beef and veal sector, 
— 23 May 1983 for the sheepmeat and goatmeat sector, 
— 1 July  1983 for the sugar and isoglucose sector, and for  durum  wheat and  durum  wheat groats 
and meal, 
— 1 August 1983 for the cereals sector, with the exception of  durum  wheat and  durum  wheat 
groats and meal, and for the  eggs  and poultrymeat, ovalbumin and lactalbumin sectors, 
— 1 November 1983 for the pigmeat sector, 
— 16 December 1983 for the wine sector, 
— 1 January  1984 for the tobacco and fishery products sectors, 
— 1 July  1984 for the  seeds  sector, 
— the beginning of the  1983/84  marketing year for other products for which there is a marketing 
year which has not yet started by 23 May 1983, 
— 23 May 1983 in all other  cases. 
2. However,  with regard  to the  wine sector : 
- the applicable rate  from 11 July 1983 to 15  December  1983  inclusive shall  be : 
1 ECU = ^.iJOTTTree^  'drachmas  ——— ——. 
and with regard  to the  pigmeat  sector : 
- the applicablej^ate  from 11 Jul_y_ 1983 to 31  October  1983  inclusive shall  be : 
1 ECU ^TT^77TreeT"drachmas.  ' 
3. Until  the dates given in points 1 or  2, the  following rates shall apply  : 
1 ECU =  71,5619  Greek  drachmas  except  for the olive oil sector wher* the following rate shall 
apply: 
1 ECU  = 66,5526  Greek  drachmas. 

FINANCIAL  STATEMENT 
Date : 
1. BUDGET  HEADING  : Titles 1 and 2 1983 budget 
1984 preliminary draft  budget: 14.087 Mio ECU 
16.543 Mio ECU 
2. TITLE : Council Regulation  amending  Regulation  (EEC) No 1223/83  on the rates of 
exchange to be  applied in agriculture 
3. LEGAL BASIS  : Council Regulation  No 129 
H. AIMS OF PROJECT  : Alignment,,  with effect  from 18 July 1983, of the representative 
rate for the  drachma,  for wine and pigmeat,  with the market  rate 
5. FINANCIAL IMPLICATIONS 
5.0 EXPENDITURE 
- CHARGED  TO THE EC  BUDGET 
(REFUNDS/INTERVENTIONS) 
- VTHtK 
5.1 RECEIPTS 
- OWN RESOURCES  OF THE EC 
(LEVIES/CUSTOMS  DUTIES) 
- -NA-T-IWAfc PERIOD OF 12 MONTHS CURRENT  FINANCIAL YEAR 
( 1983 )  
+ 1 
- 1 FOLLOWING FINANCIAL YEAR 
( 19K4 ) 
Token entry 
Token entry 
5.0.1 ESTIMATED EXPENDITURE 
5.1.1 ESTIMATED RECEIPTS 
5.2 METHOD  Of CALCULATION- See Annex 
6.0 CAN THE  PROJECT  BE FINANCED  FROM APPROPRIATIONS ENTERED  IN THE  RELEVANT CHAPTER  OF THE  CURRENT  BUDGET 
VfcS/NO 
6.1 CAN THE  PROJECT  BE FINANCED  BY TRANSFER BETWEEN CHAPTERS  OF THE  CURRENT  BUDGET  ? 
WS/NO 
6.2 WILL A SUPPLEMENTARY  BUDGET  BE NECESSARY 
YES«K) 
6.3 WILL FUTURE  BUDGET  APPROPRIATIONS BE NECESSARY ? 
YES/WO 
OBSERVATION 

ANNEX 
I. INITIAL  SITUATION  AND LEVEL OF AGRI-MONETARY  EXPENDITURE  AND INCOME 
RESULTING  FROM CHANGES IN THE  MONETARY  SITUATION  OF THE DRACHMA  AS REGARDS 
WINE AND  PIGMEAT 
1. For the  drachma,  the 1983  budget made no  provision  for MCAs and the  double 
rate coefficient  was equivalent  to 1. 
For the preliminary  draft 1984 budget, no MCAs are  provided  for and the 
double rate coefficient  has been fixed at 0,985» 
The appropriations  entered  in the 1983  budget and in the 1984  preliminary-
draft budget for wine  and pigmeat amount  therefore  to: 
Table I 
Mio ECU 
: 1983 1984 
: 0 : 0 
: 0 : - 0,2 
: 0 : 0 
0 : - 0,2 
: 0 - 0,1 
: 0 - 0,1 Expenditure 
MCAs 
Double rate on common  market  organisation 
MCAs to be  deducted from refunds 
TOTAL 
Income 
Double rate and MCAs on  levies 
TOTAL 

2. The monetary  situation  since the preparation  of the 1983  budget and the 
1984 preliminary  draft budget has produced  the following  agri-monetary 
expenditure  for wine  and pigmeat: 
Table II 
Mio ECU 
1983 : 1984 
Expenditure 
MCAs : 
Double rate on common  market  organisation 
MCAs to be  deducted from refunds + 2,2 : 
- 0,9 
token entry - 1,0 
+ 0,2 
token entry 
TOTAL + 1,3 " - 0,8 
Income 
Double rate and MCAs on  levies - 0,9 + 0,5 
TOTAL 
3» The proposed  Regulation,  which  aligns, in the  case of wine and pigmeat, 
the representative rate with  the market rate with  effect from 18 July 1983 
for the drachma, reduces  the agri-monetary  expenditure  and income shown in 
point 2 to the  following  level: - 2 -
+ 0,5 
Table III 
Mio ECU 
1983 : 1984 
Expenditure 
MCAs 
Double rate on common  market  organisation 
MCAs to be  deducted from refunds 
TOTAL + 1,8 
- 0,7 
token entry 0 
0 
0 Expenditure 
MCAs 
Double rate on common  market  organisation 
MCAs to be  deducted from refunds 
TOTAL + 1,1 • 0 
Income 
Double rate and MCAs on  levies - 0,8 0 
TOTAL - 0,8 0 - 0,9 

II. CONCLUSION - 3 -
1. In relation  to the  budget adopted for  1983 and to the 1984  preliminary-
draft budget, changes  in the  drachma and the  measure  proposed produce  the 
following  costs: 
Table IV = Table III  - Table I 
Mio ECU 
1983 1984 : 
Expenditure 
MCAs : 
Double rate on common  market organisation 
MCAs to be  deducted from refunds + 1,8 
- 0,7 
token entry 0 : 
+ 0,2 : 
0 
TOTAL + 1,1 + 0,2 : 
Income 
Double rate and MCAs on  levies : - 0,8 : + 0,1 : 
TOTAL : - 0,8 : + 0,1 : 
2. The cost of the  proposed  measure  as such can be  estimated  at: 
Table V = Table III  - Table II 
Mio ECU 
1983 1984 
Expenditure 
MCAs 
Double rate on common  market organisation 
MCAs to be  deducted from refunds - 0,4 
: + 0,2 
token entry + 1,0 
: - 0,2 
token entry 
TOTAL - 0,2 : + 0,8 
Income 
Double rate and MCAs on  levies : + 0,1 - 0,5 
TOTAL : + 0,1 - 0,5