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DOCUMENTS "COM"
COM(73)43
Vol.1973/0005

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COMMISSION OF THE EUROPEAN COMMUNITIES
COM(73)43 final
Brussels ,24January 1973
PROPOSAL FOR REGULATION
ofthe Council •
amending the Financial Regulation on "the
European Agricultural Guidance and Guarantee Fund
(Submitted bytheCouncil totheCommission )
COM(73)43final

PROPOSAL FORA REGULATIONνΐΛθ/73-Ε
oftheCouncil
amending "theFinancialRegulation onthe
EuropeanAgricultural GuidanceandGuaranteeFund
THECOUNCILOFTHEEUROPEAN "COMMUNITIES,
HavingregardtotheTreatyestablishing theEuropeanEconomicCommunity,and
inparticularArticle209thereof;
HavingregardtotheproposalfromtheCommission;
WhereastheFinancialRegulation ontheEuropeanAgricultural Guidanceand
GuaranteeFund(64/127/EEC)^^aslastamended"byFinancialRegulation
(67/640/EEC)^^laysdownthatforthepurposeofsettlingaccounts,granting
authoritytopayandpaymentofexpenditurerelatingtotheGuaranteeSection
ofEAGGFtheCommissionshallkeepanaccountinunitsofaccountinthename
ofeachMemberState;
WhereasthesaidRegulationdidnotlaydowntheparitiestobeusedforcor­
rectingtheamountsrelatingtoexpenditure andtoleviesinthesugarsector
declaredbytheMemberStatesintotheirrespectivenationalcurrencies,amounts
which,beingacceptedaseligiblebytheCommission ,mustbeenteredbyitin
theaccountswhichitkeepsinunitsofaccountinthenameofeachMemberState,
whereasitnowappearsnecessarytofixtheparitiestobeusedinimplementing
theCommissionDecisionsfortheaccountingperiodsbefore1January1971;
WhereastoworkoutthebalancesoftheMemberStatesitisnecessarytoconvert'
intounitsofaccounttheamountstheydeclareinnationalcurrency,andwhereas
itwouldseemappropriatetousetheparitiesinforceonthedayofthe
CommissionDecision;
Whereas,moreover,theparitiestobeappliedforthepurposeofenteringinthe
accountsthepaymentsmadebyandtotheMemberStatesonaccountofthe
GuaranteeSectionoftheEAGGFpursuanttotheCouncilresolutions onthe
accountingproblemsresultingfromthechange-over fromtherefundsystemtothe
directfinancingsystem,shouldbelaiddown;
^^OJNoL34of27February1964,p.586.^OJNoL258of25October1967,p.11.

VIA0/73-E
Article1
TheFinancialRegulation ontheEuropeanAgricultural GuidanceandGuaranteeFund
issupplemented "bythefollowingprovisions:
"Article12a
1.ForthepurposeofkeepingtheaccountsreferredtoinArticle10,expenditure,
leviesinthesugarsectorandleviesacceptedaseligibleinrespectofthe
1967/68,1968/69and"secondhalfof1969"accountingperiods,andexpenditure
acceptedaseligibleinrespectofthe1970accountingperiodshallbeconver­
tedintounitsofaccountattheparitiesinforceonthedaytherelevant
decisionforpaymentonaccountorgrantofaidwastaken"bytheCommission.
2.Thepaymentsmade"bytheMemberStatestotheCommissionandbythelatterto
theMemberStatesonaccountoftheGuaranteeSectionoftheEAGGF,andwhich
arenotmadeasaresultofaCommissionDecisionforpaymentonaccountor
grantofaidshallbeenteredintheaccountsreferredtoinArticle10after
beingconvertedintounitsofaccountattheparitiesinforceonthedaythey
arecreditedtoordebitedfromtheaccountsopenedintheCommission^name.
3.Articles11and12shallapplytothedischargeofthebalancesremainingdue
afterthecloseofthelastaccountingperiodunderthepre-1971system.For
thatpurpose,thedateofsettlementofaccountswithinthemeaningof
Articlesll(2)and12shallbethedateonwhichtheCommissiontookthe
decisiontograntaidinrespectofthatlastaccountingperiod.
Article2
ThisRegulationshallenterintoforceonthethirddayfollowingitspublication
intheOfficialJournaloftheEuropeanCommunities andshallapplytothe
accountsoftheEAGGF,GuaranteeSection,forthe1967/68,1968/69,"thesecond
halfof1969"and1970accountingperiods.
DoneatBrussels, FortheCouncil
ThePresident-2-
HASADOPTEDTHISFINANCIAL REGULATION :