ARCHIVESHISTORIQUES
DELACOMMISSION
COLLECTION RELIEEDES
DOCUMENTS "COM"
COM(77)634
Vol.1977/0203

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COMMISSION OFTHEEUROPEAN COMMUNITIES
COM(77)634 final
Brussels.1December 1977
Proposalfora
COUNCILREGULATION (EEC)
amendingRegulation (EEC)No1169/77asregards
theexchangeratesapplicable inrespectofthe
1976tobaccocrop
(submittedtotheCouncilbytheCommission )
C0MC77)634final

EXPLANATORY MEMORANDUM
1.Council Regulation (EEC)No1169/77of17May1977 (OJNoL
137of3.6.1970 ,P*4)fixed ,inrespect ofthe1977 harvest ,thenorm
andintervention prices ,thepremiums granted topurchasers ofleaf
tobacco ,and thederived intervention prices forbaled tobacco .Under
Article 3ofthat Regulation ,theexchange rates tobeapplied in
Germany and theBenelux countries for thepurposes ofthepremiums for
the1976 tobacco crop are ,until 31December 1977 »tobethe
representative rates applicable tothecurrencies inquestion prior to
1May 1977 .
TheArticle inquestion was adopted toensure that the same premium was
granted inrespect oftheentire crop ofoneyear ,thepremium for
tobacco being fixed inrespect ofonecrop andnot inrespect ofagiven
period .
Itseems appropriate tochoose the31March 1978 asthenewfinal date ,
since theentire 1976 crop canbeexpected tobedisposed ofwithin that
period .
2.Ithasnotbeen possible fortheMember States concerned todispose
fully ofthe1976 crop before 31December 1977 *Itistherefore necessary
that intheMember States concerned theexchange rates inforce for the
purposes ofthepremiums forthe1976 tobacco crop should continue to
apply .

COUNCIL REGULATION (EEC)
I
amending Regulation (EEC)No1169 /77
asregards theexchange rates
applicable inrespect ofthe1976 tobacco
crop
THECOUNCIL OPTHEEUROPEAN COMMUNITIES ,
Having regard totheTreaty establishing theEuropean Economic Community ,
Having regard toCouncil Regulation No129onthevalue oftheunit of
account and theexchange rates tobeapplied for thepurposes ofthe
common agricultural policy ^,aslastamended byRegulation (EEC)No
2543/73 ,andinparticular Article 3thereof ,
Having regard totheproposal from theCommission ,
Whereas Council Regulation (EEC)No1169/77of17Kay1977 "^fixed forthe
1977 crop thenorm andintervention prices ,thepremiums granted to
purchasers ofleaf tobacco and thederived intervention prices forbaled
tobacco ;whereas ,under Article 3ofthat Regulation ,theexchange rates
tobeapplied inGermany and theBenelux countries forthepurposes of
thepremiums forthe1976 crop are ,until 31December 1977 »"tobe "the
representative rates applicable tothecurrencies inquestion prior to
1May 1977 ;
Whereas theArticle 3inquestion was adopted toensure that the same
premium wasgranted inrespect oftheentire crop ofoneyear ;
Whereas theMember States inquestion have been unable todispose fully
ofthe1976 crop ;whereas itistherefore necessary that intheMember
States concerned theexchange rates applicable forthepurposes ofthe
premiums forthe1976 tobacco crop year should remain inforce over a
period within which full disposal maybeexpected ;
(1)OJNoL106,30.10.1962 ,p.2553/62
(2)QINoL263 ,19.9.1973 ,p.1
(3)OJNoL 137,3.6.1977 ,P.4

WhereastheMonetaryCommitteewillheconsulted;whereas,inview
oftheurgencyofthematter,themeasuresenvisagedshouldheadopted
inthemannerprovidedforinArticle3(2)ofRegulation No129,
HASADOPTEDTHISREGULATION :
Article1
Thedate21December1977specifiedmArticle3of .Regulation
(EEC)No1169/77 isreplacedby"31MarchI978".
Article2
ThisRegulationshallenterintoforceonthedsyfollowingitspublicati
intheOfficialJournaloftheEuropeanCommunities .
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicable
inallMemberStates.
DoneatBrussels, FortheCouncil
ThePresident

FINANCIAL STATEMENT
DATS s16/11/77
1.BUDGET LINS CONCERNE !)t7^10
2.ACTION »Council Regulation amending Regulation (EEC)Nr1169/77asregards the
exchange rates applicable inrespect ofthe1976 tobacco crop
3.LEGAL BASIS IArticle 3ofCouncil Regulation 129
4.OBJECTIVES » Bringing forward thefinal date uptill v;hic;i ti.cgreer *rates
valid "before 1.5.77 must heapplied tothetobacco premium
for the1976 harvest .
5.FINANCIAL COHSEQUUNCE
5.0 EXFEÎIDITUHE
-CHARGED TOTHE ECBUDGET
CEKECX2E /ITJTER VENTI OHS)
–CHARGED TONATIONAL ADKCNISTR .
-CHARCED TOOTHER NATIONAL CROUPS
5.1RECEIPTS
-OVFN RESOURCES OFT!!E EC
(LEVIES /CUSTOKS DUTIES )
-NATIONALFOR -THE MARKETING YEAR CURRENT FINANCIAL TEAR
}FOLLOWING FINANCIAL YEAR I
( )
Negligible negligible negligible
YEAR YEAR YEAR
5.0.1 PLURI ANNUAL PATTSRH OFEXPENDITURE
5.1.1 PLURI ANNUAL PATTERN OFRECEIPTS
5.2METHOD OFCALCULATION
6.0FINANCING POSSIBLE WITH CREDITS INSCRIBED INRELEVANT CHAPTER OFCURRENT BUDGET ? TTES/Üfr I
6.1fIfiAJICING POSSIBLE •3Y..TflAN3*'£H CHAPfKHS OF-CURrtliNT
TES/SOC I
6.2 KECiJSoITY FOH ASUFPLKMS>'TARY BUDGET ?
YES/NO I
16.3CEBITSTOBEHEITIIAINTOFUTUREBUMSTG •?-YES/NO
-.CMKENTS «X)THEbringing forward ofthedate hasnoincidence onthetotal amount
ofthepremium tobegranted .Theonly incidence ofthemeasure relates
totheeffect ofdouble rates andcanbeconsidered acting :negligible
given thefact that only very small quantities have notalready received
+*hepr^iaium .