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DOCUMENTS "COM"
COM(74)1059
Vol.1974/0174

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COMMISSION OFTHEEUROPEEN COMMÏMIÏISS
COM(74)1059final
Brussels .,2July1974
AMENDED PROPOSAL FORAREGULATION (EEC)OPTHECOMMISSION
oncertainmeasures to"betakeninagriculture inItaly
followingthefixingofanewrepresentative ratefortheItalianlira
(presentoCL"bytheCommission totheCouncilpursuanttothesecond
par .FofArticle149oftheESCTreaty)
COMC74)1059final

VI/2337/74-E
'E7JLANAT0EY K3KORA3DUÏI
TheCommission hastransmitted totneCouncilaproposal fora
Regulation .
Itnowappearsthatthefollowing amendments shouldbemadethereto.
Initsoriginal proposal ,theCommission hadsuggested a10%devaluation
rateforthe"greenlira".Inthelightofeconomic developments ,it
appearspreferable tomakethatrate12.5/j.TheCommission ismakingthe
appropriate amendment toitsproposal foraRegulation underArticle43
oftheTreaty.
AttheCouncilMeetingof17/l8June1974»itappeareddesirablethat,
asregardspigmeat,Italyshouldeffecttheprice"adjustments "now,
insteadofon1November 1974r startofthemarketing year,as
providedbyArticle4bofRegulation (EEC)No974/71of12May1971»
aslastamendedbyRegulation (EEC)No3450/73•Undertheproposalas
atpresentdrafted ,anadjustment x-jouldremaintobemadeon1November nr:
totakeaccountoftheprevious devaluation .TheCommission isamending
itsproposal accordingly .
Article1ofCouncilRegulation (EEC)Mb2958/73of31October1973on
theexchangerateappliedinagriculture fortheItalianlira,aslast
A)amendedbyRegulation (EEC)No1424/74c>,makesprovisionfor
representative ratesfortheItalianliratobeappliedwitheffectfrom
1November 1973r1January1974and.23January1974°Moreover ,tinder
Articlel(2)(d)ofthatRegulation ,aneurepresentative rateistotake
effectonadatetobefi::edundertheprocedure laiddowninArticle
108(3)oftheTreaty,thisdatetocoincidewiththeabolition ofthe
depositsystemcurrently beingappliedinItaly.Becausesuchabolition
takeseffectafter30JuneI974ftheapplication ofthenewrepresentative
ratewouldleadtoanundesired changeforsugarinthe1974/75
marketing yearwhichbeginson1July1974•Accordingly itappearedtobe
desirable that,inrespectofsugar,suchapplication shouldcoincidewith
theopeningdateofsuchmarketing year.
Totakeaccountofalltheseproblems ;andofcertainamendments ofa
formalnature,theCommission considered itappropriate tomake
amendments toitsoriginalproposalunderArticle149(2)oftheTreaty.
Tosimplifymattersanewdraftisattached incorporating theamendments
intotheoriginal proposal .
(1)OJNoL106,12.5.1971 ,-0.1(3)OJNoL303,1.11.1973 ,p.1
(2)OJNoL353,22.12.1973 ,p.25(4)OJNoLI50,7.6.1974 ,p.39

MLEJTDI5D PROPOSAL FORAREGULATION (EEC)NOOFTHECOMMISSION
of
oncertainmeasures tooetakeninagriculture inItaly
following thefixingofanewrepresentative rateforthe
Italianlira.
THECOUNCIL OFTHEEUROPEAN COMMUNITIES ,
HavingregardtotheTreatyestablishing theEuropean Economic Community ,
andinparticular Articles 28,43,103and235thereof ;
HavingregardtoCouncilRegulation No129onthevalueoftheunitof
accountandtheexchangeratetobeappliedforthepurposes ofthecommon
(2)agricultural policy,aslastamendedbyRegulation (EEC)No2543/73,and
inparticular Article 3thereof ;
Havingregardtotheproposal fromtheCommission ;
HavingregardtotheOpinionoftheEuropean Parli?.ment ;
WhereasCouncilRegulation (EEC)No2953/73of31October1973onthe
exchangerateappliedinagriculture fortheItalianlira,aslastamended
byRegulation (EEC)No/74fixedarepresentative rateforthat
currency whichshouldhaveresultedinacertainincreaseinthepricesof
agricultural pricesinItaly;
WhereasArticle2(l)ofCouncilRegulation (EEC)NO1424/74^of6June1974
amendinginparticular Regulation (EEC)No2958/73ontheexchangerate j
appliedinagriculture fortheItalianlira,asamendedbyRegulation (EEC)
No/74,providesthatasregardsproductsforwhichthe1974/75narketiiil
yearhasnotyetstarted ,theintervention andpurchasepricesapplicable
inItalyaretobeincreased by12.5/juntilthatmarketing yearstarts, :
exceptforthedurumwheatandoliveoilsubsidies ,whicharetobeconverted
usingtherepresentative ratefortheItalianliraapplicable on23January !
1974;
(l)OJNo106,30.10.1962 ,p.2553/62
(2)OJNoL263,19.9.1973 ,p.1
(3)OJNoL303,1.11.1973,p.1
(4)OJNoL(5)OJNoL150,7.6.1974,P.39

VI/2337/74-E
-2-
/ \ ./ f6)Whereas Article 4bofRegulation (EEC)No974/71 oncertain measures
ofconjunctural policy tobetaken inagriculture following thetemporary
widening ofthemargins offluctuation fort:ecurrencies ofcertain Member
(7)States ,aslast amended byRegulation (ESC)No3450 /73 »is "tobeapplied
subject totheprovisions referred toabove ;whereas allthemeasures
referred toabove enter into effect onthe date onwhich the decision
(8)provided forinArticle 7(5)oftheCommission Decision of8May1974
authorising theItalian Republic totake certain protective measures under
Article 108(3 )oftheEECTreaty becomes applicable ;
Whereas ,furthermore ,Article 2(2)ofRegulation (EEC)No1424/74provides
that thedurum wheat andolive oilsubsidies areforthe1974/75marketing
year tobeconverted using therepresentative rate fortheItalian lira
applicable on28January 1974 »whereas ,under Article 2aofthesame
Regulation ,Artide 4bofRegulation (EEC)No974/71istocease toapply
inrespect ofpigmeat on1July 1974 ?
Whereas ,inview oftheurgency ofthesituation some ofthemeasures
referred toabove were adopted under Article 103oftheTreaty ;whereas they
should nowbemade part ofthecommon agricultural policy ;whereas since all
these measures aretooperate together ,they should bebrought together ina
single instrument ;
Whereas theMonetary Committee will beconsulted onthequestions concerning
therepresentative rate fortheItalian lira and ,inview oftheurgency of
thesituation ,themeasures envisaged should beadopted under theConditions
laid down inArticle 3(2)ofRegulation No129 ,
HAS ADOPTED THIS REGULATION :
Article 1
Thefollowing text isadded to.Article l(2)ofRegulation (EEC)No2958/73:
(6)0JNoL106 ,12.5.1971 ,p.1
(7)0JNoL353 ,22.12.1973 ,p.25

VI/2337/74-E
-3-
"(d)100Italianlira=0.124-344unitsofaccountwitheffectfromadate
tobofixedundertheprocedurelaiddowninArticle108(3)ofthe
Treaty,thisdatetocoincide withthedateonwhichthemeasures
takenwithinthemeaningofArticle7(5)oftheCommission Decision
/oNof8May1974authorising theItalianRepublictotakecertain
protective measurestinderArticle108(3)oftheTreatybecomeapplicable .
Inrespectofsugar,however,thisrepresentative rateshalltake
effecton1July1974".
Article 2
1.Asregardsproductsforwhichthe1974/75marketing yearhasnotyet
started,theintervention andpurchasepricesapplicable inItalyshallbe
increased by12.5/ountilthatmarketing yearstarts.
Article4bofRegulation (EEC)Ho974/7^shallbeappliedsubjecttothe
provisions ofthefirstparagraph ,exceptforthedurum\-rhcatandoliveoil
subsidies .
2.Theamountsofthedurumwheatandoliveoilsubsidies shallforthe
1974/75marketingyearbeconvertedusingtherepresontative rateforthe
Italianliraapplicable on28January1974«
3.Themeasuresreferred tointhisArticleshallapplyfromthedatereferred
toinArticle 1.
Article 3
Theprovisions ofArticle4bofRegulation (EliC)No974/71shallinrespect
ofpigmcatceasetoapplyon1July1974*
Article 4
T.ThisRegulation shallenterintoforceonthedayfollowingitspublication
intheOfficial JournaloftheEuropean Communities .
2.Itshallwitheffectfrom10June1974replaceRegulation (EEC)Mb1424/74>
sincethelatterhasbeenrepealed .
ThisRegulation shallbebindinginitsentirety anddirectlyapplicable inall
MemberStates.
Bonea*fcBrusscls , FortheCouncil
ThePrésident
TF}OJNoL152,8.6.1974 ,p.18