ARCHIVES HISTORIQUES
DELACOMMISSION
COLLECTION RELIEEDES
DOCUMENTS "COM"
COM(78)149
Vol.1978/0050

Disclaimer
Conformément aurèglement (CEE,Euratom) n°354/83duConseildu1erfévrier1983
concernant l'ouverture aupublicdesarchiveshistoriques delaCommunauté économique
européenne etdelaCommunauté européenne del'énergieatomique(JOL43du15.2.1983,
p.1),telquemodifiéparlerèglement (CE,Euratom) n°1700/2003 du22septembre 2003
(JOL243du27.9.2003, p.1),cedossierestouvertaupublic.Lecaséchéant,lesdocuments
classifiésprésentsdanscedossierontétédéclassifiés conformément àl'article5dudit
règlement.
Inaccordance withCouncilRegulation (EEC,Euratom) No354/83of1February 1983
concerning theopeningtothepublicofthehistoricalarchivesoftheEuropean Economic
Community andtheEuropean AtomicEnergyCommunity (OJL43,15.2.1983, p.1),as
amended byRegulation (EC,Euratom) No1700/2003 of22September 2003(OJL243,
27.9.2003, p.1),thisfileisopentothepublic.Wherenecessary, classifieddocuments inthis
filehavebeendeclassified inconformity withArticle5oftheaforementioned regulation.
InÜbereinstimmung mitderVerordnung (EWG,Euratom) Nr.354/83desRatesvom1.
Februar 1983überdieFreigabe derhistorischen Archive derEuropäischen
Wirtschaftsgemeinschaft undderEuropäischen Atomgemeinschaft (ABI.L43vom15.2.1983,
S.1),geändertdurchdieVerordnung (EG,Euratom) Nr.1700/2003 vom22.September 2003
(ABI.L243vom27.9.2003, S.1),istdieseDateiderÖffentlichkeit zugänglich. Soweit
erforderlich, wurdendieVerschlusssachen indieserDateiinÜbereinstimmung mitArtikel5
dergenannten Verordnung freigegeben.

COMMISSION OFTHEEUROPEAN COMMUNITIES
COM(78)149 final .
Brussels ,3April 1978
REPORT FROM THE COMMISSION TOTHE COUNCIL
onthe intervals atwhich monetary compensatory amounts
are fixed
// '\A
Μ' νί
COM (78)1^9final .

Coramissionhe3ort
toiheCouncil
oniheintervals atwhichmonetary compensatory amounts
arefixed
'iViCCouncil,atitr.meetingon6and7Knrch197<->,requested theCorr.mirr.ion
to •■resenttoi1areportonanamendedsystemforcalculating oonetary
comtemrviory aMountsforitsnextmeeting .
I.-:>itìrvìiionaccording loRegulations
1.À.'omi"!svsterri
3'thcxr.vr.iph (b)ofArticle2(l)ofRegulation (EEC)Ho974/71°f12May1971
Q.,oj."i.~inmeasures ofconjBnctural policyto"betakeninagriculture following
thetemporary widening ofthemarginsoffluctuation forthecurrencies of
co.,J.-..inMemberStates(OJIToL106,12.%1971 »l),aslastamendedby
i.'orulation (Eo3CyI»o557/76(OJNoL67,15«3«197^»P*l),laysdoimthatMCAc
for/.emberStateswith -floating currencies shouldbecalculated onthebasisofthe
cpotratesrecorded againstthesnakecurrencies duringaperiod ,tobedetermined .
Article 2ofCommission Regulation (SEC)ITol^.So/75of29May1975layingdovm
:etai.edruler;fortheapplication ofmonetary compensatory amounts (OJIToL
1'.",-0.p.1975,.?•37),aslastamendedbyRegulation (EEC)Ho2505/77(OJIToL
T.yl,I5.ll.i977 ,p.15),established thatthisperiodranfromWednesday inone
vceV.untilTu.es;:ayinthefollowing week.ItisnowherestatedwhentheMCAc
••••>calculated comeintoeffect.Nevertheless thepractice hasalwaysbeenthat
»r;cfixingtakeseffectfromtheMondayfollox:ing theTuesday onwhichthe
reference period ,ends.
Vhesamesystemisappliedforassessing andfixingtheelementsforcalculating
thedifferential amountsapplicable tocol;:,aandrapeseed(Regulation (SEC)ITo
1pt-9/72-OJIToL167,25.7«1972 ,p.9-Article2(l)(b)jRegulation (EEC)Kb
2300/7-,,OJIToL236,24.8.1973 ,p.23-A.Ajle3(l)).
•••/•••

report will nenceforth only mention thone KCAs which chov ;uithe rrroblc :;
..::cr/tionc which arise inrespect oftheintervals between fixing .
.Special syntein allied inMarch 1973
loiic;:in,T adiscussion intheCouncil on6and 7March 1978 ,theCommission ,in
:?r ion(W9C)Ho473/73of7March 1978 (OJIToL65of8.3-1973 ,r>.15)
took Measures todepart from thereference period hitherto employed for
c.-Inflating KCAr .anddifferential amounts .Asaresult ofexceptional
andapparently temporary fluctuations inthefloating currencies which did
not seem toreflect underlying economic trends itappeared correct toavoid
disturbances ontheagricultural markets tostipulate ,that ,forfixing
theamounts inquestion during March 1978 ,thereference period should cover
three weeks ,starting onaWednesday andending ontheTuesday before
fixing . Thevalidity oftheamounts
Iculated was notaffected bythese intervals ;they took effect on
.:onday andremained valid until amended ,which could only happen after one
'■■v.-' -uthe earlie rstand when adifference ofone Point had been reached
oc.v.-yvrrsd with thefigure employed for theprevious filing .
■'•Si ;,uation c:;acHenced inMarch 1973
Atthe time wheh this report isbeing drawn upitintooearly todraw
definitive conclusions from thesituation experienced during March 1973 ,with
the exceptional frequency .Thechanges inreal exchange rates and in
coniaenr.atory amounts can ofcourse beobserved andAnnex Itothis report point
them out .The result has been that the three-week interval has not affected
the level ofHCAs in ,Italy while ithasallowed thedifferences toremain
uncharges orrelatively stable for theFrench franc and thepound sterling
incircumstances where ,with thenormal interval ,changes would have had tobe
made orwould have been more evicent .
Inremeet ofthepound sterling ,thedifference socreated ,asaresult ofthe
quotations of28.3.1978 ,reached 2.2points lorthemonetary compensatory arnoun
applicable from 3April 1978 .
Inrespect ofthePrench franc
/ this difference represented 2.3points (period of
and
application :27.3-to2.4«1978) /wasagain more pronounced .There isnoprecise
inforr:i"tion ,atthis time ,toshow whether ornotanydeflection oftrade or
s-ec -.-.l-tive movements took Place .

Ihnoc.v.:-Thowever,thatthismayhavebeenthecase,sincewhentheivrencn
I'OAsworefrozenduringtheweekstarting 13February 1973thinId.ridof
:.:n-oir.entseemstoha.vetakenplace.TheCommission hasbeenadvisedthat,
that,time,substantial quantities ofmilknowderwereexported from
I''ranee,takingadvantage ofanabnormally lowKCA.Inthepresentcircumstance :
hesituation ,ofcourse,wouldbethereverse ,sincetheMCAswerekeptat
toohiglialevelsothatitwaspossible toirmortintoFrancewithexcessively
ι
largesubsidies .Asstatedabove,thisisonlyahypothesis fortheir.orient
andthereisnoe^cactinformation toconfirmit.
III.Général Ansensment
1.i-'odel
I;-!ooiteoftheabsenceofpreciseandimportant dataonthemonthofMarch197^
....ringwhichthethreeweekinterval wasemployed ,itstillseemspossible to
"jvcatheoretical assessment ofsuchasystem.Ar.iodelofsuchasystemcan
benrn.deonthebasisofdataavailable foraperiodinthepast,thereby
allowing acomnarison oftheeffectsofonesolution withthoseofanother.
AnnexIIaccordingly contains graphswhichshow,inrespectofthefloating
currencies for1976and1977»theeffectofathree-week reference period
systemcompared withthenormalarrangement withaone-week reference period.
For1978,thegraohsalsoshowthedailystateofthefluctuations whichalso
makesitpossible toassessthenormalarrangement ,whichisnotveryrealistic
either.
2.Findings
Theserraphsshowthat
(a)eventhesystemusedatpresentissonichatbehindeconomicreality;

-4-
(b)thelongerihoreference -period,thecheaterthetimelagingeneral;
(c)thetimelagicshown
m■
-whenthecurrency concerned fn-llcrabidly,byexcessively lowKCAs
-whenthecurrency recovers ,byexcessively highKCAs;
ssthereference periodislengthened ,thedifference betweenthe
fluctuations atoresentemployed andthefluctuations givenbyanother
interval systemtendstogrow;
(e)alonrerreference periodreducesthefrequency withwhichI-ICAsare
ennnges ,butnotsubstantially ;
(f)thedifference betweenthesystemsunderstudydisappears orbecomesminimal
'luringarelatively calmmonetary situation ;
(g)therehavenotsofarbeencaseswhereaweakcurrencyfluctuated perinrnently
aroundamoreorlessfixedpoint,thesubstantial reductions inKCAsgenerally
resulted fromdevaluations ofrepresentative rates.
.f/'.irsequences
rL'hcrefindings makeitpossible todrawthefollowing conclusions :
(a)afairlylongreference periodtostabilize theKCAsonlyseemsappropriate
inPrinciple incaseswhereacurrencyisfluctuating aroundamoreorless
fixedpoint.
Uptonowthissituation hasrarelyoccurred .Moreover ,inthe
circumstances theaveragewouldformostofthetimebesubstantially
thesamewhatever reference periodweretaken.
(b)Inallothercases,stabilization does -notcausesubstantial reduction
ofthenumberofchangesinMCAsbutrathertendstocreatesubstantial
differences between economicreality andtheKCAsapplied.Insuch
circumstances onecanexpectdeflection tradeandspeculative movement
ofgoods.
*•••/•••
• '

-5-
Vimlongerthereference nenod,thegreaterthisdan-crocc')i:;ossincei).~
'ioarturc fromeconomicrealitybecomer ./greater.Thearran.-cnent semployed
notillnov:already seemtopresent somerialesintheseoircrjr .ntanccs;-
changewouldincrease themconsiderably .
Thetradecouldmoreeasilybecomeawareoftheadvantage itcouldrainsince
datafromafairlylongperiodarewe11knownandmaybeunedtoassessthe
nresent rrend.
IV.Concl-^ionr -
Theexperience gainedshowsthatitisnotreallyjustified tomaintain
calculation ofI'iCAsonathree-week average.Themostappropriate solution
seemstobeareturntotheone-week average .

A>1'-ftr»"|V<
L--.esID-iivfl-sctivtior.-1.'I'..'eeklynvcr*?*c-!.'•
1.3 -19,9
2.3 -19,5
3.3 -19,2 -19,1
ccjsrr.-w*<s»&7 inigcag ck.» éi»i ga»r.iirm«*«*•
6.3|-13,4|
7.3j-13,5 I
8.3 -19,6
.9.3 -13,9
10.3 -13,0 ~13,5
*ί--··<·*·ί-·«*ΓΚΓΟ«»·ΤΓ?5 »–·ΙΜ»0*0«Β»Λ»«ΚΤ3Κ3Β»ίΙιΜ>– <8^"»«ίΙΙΠί8Μ»
13.3 -17,6
14.3|-13,3
r–-*■-»=■■* -*»fi.**!*--•-H-THnr-»r-1-|iTTTTinrTHIMI ––im«uiKWMHMUMMWMiMNHWHMMIMHMai
15.3 -13,2
16.3 -19,0
17.3 j-13,5 -18,4–...o»– ^2––---j.
21.3 -13,1
22.3 -13,2
23.3 -13,5
24.3 -13,6 -13,6
y-rtn *"'.T 4BUB32A* –wwryQE.3DUP okMStf *
27.3 1
28.3I-19,1
Thefluctuation giveniscalculated onthe"basisofthe
representative rate:TOOlire=O.C9124C9 UA:«io?eItvc-^nr'cnrntor" s
••'lnotuMioncO.culMetf on
b.<riroftheweekly
•r.CAa^nlipf' |
(fluci.u~i.ion ern^lo.yO'' ) I
;Vo;;i <y(i-cornnr.y :
-16.r>.
(y)ir.273)Ij'i*oi3*/*e•-16.c.
fluctuation 'ïeter
ther.verare rr.tefluctuation «leternine»l or>tnebanisof
theaverareratefrom1S.2to21.?.73
Frora6Mnrch:
-18.4
I
I
|
(i22.2-23.2.73) 'jFrom01-larch: I
-18.4
Fluctuation determiner !onthe"b.ipisofJtheaveragerr.tefron22.2to28.2.73|
λ
i-rom13j.jarcn:
-18,4
(i1.3-7.3.78)Froni3i-.arch:
-13.4
Fluctuation determined ontheb-cisof
theaverageratefromIS.2to7*?*78
From20I-iarch:
-18,4
U1^.3-21.3.73)]?Vom20Inarch:
-18.4
Fluctuation determined onthebansof
theaverageratefrom22.2to14."*.7*3
From27J-arch:
"18,4
a1e.1-pi.>.?3")jFron27ns-rcii:-13.4
Fluctuation determine -,ontheb-e:in Ox
theaverageratefrom1.to?1»?«1?73
From3Anrils
-16,4
[t22.3-23.3.197-3)i«rc:n3A^ril:
_l.S*
Fluctuation determined or.thehnricofjthe"vor*rer~~cfro;r.c»to2>.J.131

Ch.-r.'-enir.r-iosp.i-morxt-r"cornc;i:rtorvr."0.oi1.D
;'DHI-TA!.
T*-.r.|>.?lyfli'ct."i.tion-i,"j"oe!:lv?.vcr».."c-1T::Fluctuatinn cc.icnl.atcd onI I-CAannlic*
theh.ir.inof:hov.-ftclriv I ,.\" ■■| v-.^ior !piT'lrr-çy *)
1.3
2.3
3.3
«Κ!3«2«»ΟΛ-,
6.3
7.3 ]
8.3
9.3
10.3
13.3
14.3-21,4 .;
-21,5 !
-21,6 1
(mm 4SUBK9 4BCZ^-21,7
-21,5-*1,5I-'rom27February :
-21,5(1)
('/1S.2-21.2.73)froa27Fobr.înrv:-?1,'i (1)
fluctuation determined onthebaricof
:her.vcr.Toralefror.:1.2to21.2.1973
iiVoia6I>_rch:-23,0(l)
-21,5(2)
(/22.2-23.2.1973 )i'Yon6l:arch:-2\.Q(l)
-21.5(2)
Fluctuation determined onthebasisof
theavcrarcratefrom22.2to28.2.1973-22,o
-23,0
•-22,9
"""-1-3,6
-19,2-21,2
Proa13Karch:(2)
-21,5
(01.3.-7.3.73)Proa13I'larch: (2)
-21,5
fluctuation determined onthebasisof
theaverageratefrom15.2to7*197*315.3
16.3
17.3
îO.3
21.3
22.3
23.3
24.3
at-afc-aji
27.3
28.3-19,0
-19,0
-18,2
T"i6,4~ ~
-17,61
-18,0
Proa20ftarch: (2)
-21,5
(3f15.3-21.3.1973 )Proa20Liarch:(2)
-21.5
Fluctuation determined onthebnsisof
theaverareratefron22.2to1/J.3-197*3-13,1
-17,9
-13,1
-13,3From27I-*arch:(2)
-13,0
(d15.3.-21.3.73)Prom27î-irjrch: (2)
-20,3
Fluctu-t:on rletcrnir.ei onthebrrisof
the?.vcrru"crr.iofron1.to21.3.1973
(l)thefluctuation giveniscalculated onthetasisofthe
rapreser.tative rate:1FP=0,166670 UA
(2;thefluctuation giveniscalculated onthe"basisofthe
representative rate:1??>0,1666j,8UAI;Tora3April:(2)
-1&,0
(Gf2-.^to1973)i'Ton3Aitil:(?)
-19,3
Fluctuation determined ontheb.nr:sof
theaverarcratefroa8.to23.^.1770

"0C;!ra"c.r
UrC
1.3
2.3
3.3
y-y *^-*ev
6.3
7.3
8.3
9.3
10.3
13.3
14.3
15.3
16.3
17.3
20.3
21.3I
22.3
23.3
24.3
27.3
28.3-2---,7
-23,5
-2-3,4
"YT*WT
-2?,3
_P"?c;
-
23,1
57.î
-?7,9
-23,5
2ô,l
29,1
23,9
°29,2
29,1
V-,3averrve-lt;;
-21,2
-28,1
"28,9
-29,3 I
-30,2
!-_ I-?0,6
Thefluctuation giveniscalculated ontheDasisofthe
re-resentaiive rate:1U1I£=1,61940 UA:naerrt-r"cna-'cr.nt.orv rist
^1ìjct;jacio:)oa1c*21nteHon
Ì.ììoh-Hrfv:ao!:lvruts
iiiOA ••v::ilici j (flrcl.-.i-tior.en->loyo' :) ] (firel.-.i-tior.ers->loy«y :) ]
A*ca?(i.'chr^aiys-p'»i
(Çf1^.2-?1.^10?8)rrom
-ν*-·
i'luctuation ro*fccrir.ir,e:l on-thebr.r.iaof
theaverarcrateironlc,.2to21.?,1973
Proia6I-iarch:
-26,9
(i1.3-7.3.1973)i'ronoLiarch:
-26,9
i'luctur .tiondetermined onthebasisof
ther.vercratefrom22.2to?3.2.1973
.•roir.13Marcii:
-28,2
U1.3-7.3.1973)Proraì\l'.areh:
-26,9
fluctuation oeterrsincH onthebasinof
theaverageratefromlr>.2to7.%1973
::Ton2Ulírreh:
-28,2
(/3.?.-1.-V3.1978 )From20.i-iarch:
»26.9
Fluctuation etcrifiireH onthehanipof
theaverageratefrom22.2to1'1.^.1973
roa¿'Ii-.arcu:
|-23,2
i
i
21.^.1973 )rron27pareil:
~V*
fluctuation determine 5onthel>rninof
theaverarcratefrom1.to21.3.1973
!•'rora3Avrils
|-~0,i>
!(;/?2.3-2".3.1573)From3Airii:
Fluctuation '"etorr.irei^on the./b?cic_cftheaverrtf;er~\.cire:.;3,to2--.4.iy?v

ANNEX3II
ANLAGJ3II
ANMEX ,II
BILAGII
ALLEGATO II
BIJLAG3II

TREND INDIFFERENCE FORFRANCE IN1976
Points
28-
26-
24-
22-
20-
18-
16-
14-
12-
10-
e-
6-
4-
2
0Points
28
26
24
22
20
13
16
14
12
10
8! i i IDifference applied (inprinciplet1week)
Difference tobeappliedonthebasisof03weeks
■O FFloavessnake
FÏÏ73jj
j
6t|tili10IiU\IMir16i!18i]20ii22I124ii26.1•2éI130I.i32il34i'I16ii38Ij40IIIi44It46'I«•i1V'ii*>2 12 114 1
I V VI VII VII IX X1«II46XI XII
CEC-F3VI-G/2-7803.32

TRENDINDIFFERENCE FORFRANCE IN1977
Points , r....
28
26
24
22
20
13
16..roirus
28
26
24
22
20
18
16
14
12
10
8
6
4
2
0
3.33I
I
II
I
IΠ
I
ί
--–»enI
i
Im
i
!i
»3i–» <r^"■«5 !
F 3I1
Ir–; 1 HJ 1
I
12
10
8
6
4
2
0
II
À
I
Gi
) !I I
Diffi?renceappiIΊ
ied(indt'inciDle 61! I
week)
_/ONDifference tobeapplied onthebasis63weeks
^P/ftMJ I.» ...
]I
1 I'/.aevaiua
InonOTtn«
I 'l;greenrat
1 ie,FF1=(
i J3,172995 u;
il
i
II2•t4i|i6!j8IMOiM2IflV4li16IiWlj20ii2?\I24»i26ii2*Ii30Ii321l34i~l"Jo■ij«|,40]1421144iI4o'i*åIiw.i«,j IiIIIIIIIIV|ViVI|VIIIVIIIIIXiXjXIiXII
ClC^PG'VI-G/2-T8C

TREND INDIFFERENCE FORFRANCE IN1978
LJPoints
28–
26–
24–
22–
20–
18
16
12
10
8
6
4yi
L_j©
Θ©Difference applied (inprinciple 61week)
•-Difference tobeapplied onthebasis63weeks
••Difference tobeapplied onthebasis01week
2,500Xdevaluation ofthegreenrate,FF1=0,168670 UA
Deviation from61week
1,205%devaluation ofthegreenrate,FF1=0,166638 UA
Transition fromareference periodof1weekto3weeks
>6!eMOIi12I '6 ,'8
IVl»»
V>22i «24ι
VI VIII33Ii34l
VIIII38|
IXuTT
X XI17TTPoints
IWi
XII
CEC-DGVI.fi/2-7B03.34

TREND INDIFFERENCE FORFRANCE IN1978
Points
28!–
25
24
22
20
ιε
1
»
I
12
10
8
6
4
2
019:IIII1*
i6:iii,i25
!;MIi
©■fΘ
©/
ifference applied (inprinciple 01week)Points
–28
–26
–24
–22
–20
Difference tobeapplied onthebasis63weeks
Difference tobeapplied 61week
,T7-–Dailytrendindifference tobeapplied (actualdifference -1,50point)
(J)2,500%devaluation ofthegreenrate,FF1=0,168670 UA
^2^DeviationfromD1week
1,205 %devaluation ofthegreenrate,FF1=0,166638 UA
/T\Transition fromareference periodof1weekto3weeks©
©
©
©
1 ΒM,IlII6'M...«.L.MiÏ13*1M«»120i"Ir'13?IiIII161U15 21 L,M |S–!Mli;MI»■I18
16
14
12
10
3
6
4
2
13
I'7
I!I8 10 II
III12 13 14 <15
IV
|CEC-D3Vi-G/2-7503.35 !

:l
j
1
I
.1
S
!
I
•A
3
*
1
j
i!Points
23
23
24
22
20
18
16
14-
12
1C
8
6
4TRENDINDIFFERENCE FORITALYIN1976
<31141
II
ETT
ir
LJ
-ΘUjLjPoints
! 1 I I |Difference .applied (inprinciplet1week)
Difference tobeappliedonthebasisoft3weeks
(7^5,304'/.devaluation ofthegreenrate,100lire=0,1.10497 UA
(2*)6,023V.devaluation ofthegreenrate,100lire=0,103842UA
'Φ!i.It
18',1101I"·»"!Τ""ΙΓΠΠΠΓ»ΊΓ3ΓΙΓμΊΓϊϊΊΠΓΤΠόΤΠΤί ΓϊΓΠΤϊΠ–ΠΓΓ
11IIII|IVIVIVI VII VIII ΙIXυ"
l«JI
X_rrj
i
J
Uei
XIT7aV)I
XIITïï28
26
24
22
20
18
16
14
12
10
8
6
4
2
CEC-PGVI-G/2-7803.35

I
»•
TREND INDIFFERENCE FORITALY IN1977
Points
28
23
2-Î
22-
20:
13■
15■
14
12
10
8
6
4U-I
33.Έ
©
Difference applied (inprinciple 61week)
Difference tobeapplied onthebasisoff)3weeks
(T)6,5057.devaluation ofthegreenrate,100lire=0,0970874 UA
IPoints
–(28
t?6
24
22
20
18
16
14
12
10
31141
II6Ii6I.1tøii12|J14f>16iM8I|20.171\•24ii2bii79]i30Ii32Ii34i
IlI«I IV V vi VII ViliP*li3i|
IX40|t421
XI461I48
XI♦IV31I52
XII
CEC-PGVI-G/2-7PP1.37
■i

I■
TREND INDIFFERENCE FORITALYIN1978
Points
2ô|
2b
2A
22
20
TS
16
14
12
10
8
6
4
2
0trj-
Ij.14
IΓ
I
-J
-Α-
Difference applied (inprinciplet1week)
Difference tobeapplied onthebasisof63weeks
©Transitionfromareferenceperiodof1weekto3weeks
©II»1
II^I1'2i,1 l16II18j|MIi?2iI24i'|tt'i'l'28iV30i132I"l341I"te!"t!•I
«IIIVIVIVIIVIIIVIII IXi42I
XPoints
–(28
26
24
22
20
18
16
14
12
10
6
4
«IU»il.allu
XI XII
CEC-P3VI-6/2-7803.33

TRENDINDIFFERENCE FORITALYIN1978
Points
2s|
2o
24
22
20
18
15
14
12
10
B
6
4
2
0V
Difference applied (inprinciple to1week)'©
Difference tobeapplied onthebasisof03weeks
––––Dailytrendofthedifference tobeapplied(actualdifference-1,50point)
(J)Transition fromareferenceperiodof1weekto3weeks
JL-L ■1I,IJJ.r6'iii1i■*»i1•!iIIM«1ι<I»ι131'!Iι!70'ΜΜ «2*I1
3'4 15I6i7I8
I II-IH111IMIbIIIIIT'''■!1
III>111111Points
-28
-26
-24
-22
°li'III
10"111I12I13I'14i15!20
13
15
14
12
10
3
6
4
2
V
ÏEC-D3VI-G/2-''?ri3.39

TRENDINDIFFERENCE FORTHEUNITED KINGDOM IN1976
... Points
iU
44
41
38
35
32
Z9
26
23
20
17
14
11
8
5l»-
π14
41
38
35
32
29
26
23
20
17
14
11
8
5
:·3>ηT1
j
tr-J
i
IJ
i
i
i rk
!_____ Difference applied (inprinciple 01week)
.fiiHerenrs tnhpannHpfi onthebaSTSofto3WeeksI
I
IV
Difference tobeapplied onthebasisofto1week η
Γ
!•ω
L._.....!Deviatio
Infromtheto1week
i......I•»••••. ]i:I
i
I r£ ^rzr -,–»
– n rzk^–-
i
1J-J
\J
I
I
_r□
r~"Icbi
Γ­
ι--ji
IP
j_iΓ=!__II2i,4|I6ji8iTiOl^ iiii©!I3*1I*0J1*2]M*IM«IM8t■*0»*52IIIII|III|IVIV|VI 1VIIIVIIIIIXIx|XIiXIII
ICEC-DGVI-G/2-73I

i
i
j
î!
')
,
4
«
•I
!
I
iTRENDINDIFFERENCE FORTHEUNITED KINGDOM IN1977
Points , , j , I !p | I | IPoints
44 : 44
41 41
".7.7..1
»Ρ=ΗΗ »
35– rfn 35
32 ΓΓ Γ––– Ι–4. 32
] ff29 U_^.–r-f-129
2£ Q 26
23 23
20 20
■Difference applied (inprinciple t1week)
^ –-Difference tobeappliedonthebasisof03weeks ^
Difference tobeapplied onthebasisof01weekUl __ 14
(J)2,903'/.devaluation ofthegreenrate,1UKL=1,70463UA
11 1 1 1 1 1 1 1 +- 11
81 S
^1I2i'4||6iIBi1ICII12IiMjI|;;8Ii20ITTiij2«iIis'iTiTli30|TTTIi3«,,36|i38iI«|i42iM«II|j««,iSOIi52I^
>IIII|III|IVIVIVIiVIIIVIIIIIXIXIXIIXIII
[CfC-DGVI-G/2-7803.VI
i

TRENDINDIFFERENCE FORTHEUNITED KINGDOM IN1978
Points-
44
41
38
35
32
29
26
23
20
17
14
11
8an
©Difference applied (inprinciple t)1week)
Difference tobeapplied onthebasisoft>3weeks
Difference tobeapplied onthebasisoft1week
Transition fromareference periodof1weekto3weeks
îI:«II6II8Ii10iI"I
IIIi'6|
IV(20,
V121lI2*I
VIi26I<26Ii30|
VII I1321i34»
VIII71"36ï"l3ôj
IXi«o142I
X♦«6I
XI■Ii50i
XII
CEC-r'f'■GVl-G/2-73P3.«

TREND INDIFFERENCE FORTHEUNITED KINGDOM IN1978
Points
44
41
38
35
32
29
CS
23
20
!
17
14
11Points
–44
–41
38
35
32
29
26
23
20
17
14
11
87TI /– "--s–-w |
©■
©Difference applied (inprinciple 01week)
Difference tobeapplied onthebasisof03weeks
Difference tobeapplied onthebasisoft1week
Dailytrendofthedifference tobeapplied (actualdifference -1/50point)
Transition fromareference periodof1weekto3weeks
l*1J-L11,1»lMIIIUM11JP,.11I,1Jρ°IIIII611!IIi13L!t11
6 17bO.!I!I!ftl.1.1J-LL«IIΜII
10« M
11i1231IM
133|MIIIl'O;MI!
14ί15
IV
CEC-D3VI-G/2-78C3.M