ARCHIVES HISTORIQUES
DELACOMMISSION
COLLECTION RELIEEDES
DOCUMENTS "COM"
COM(77)673
Vol.1977/0214

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(77)673 final.
Brussels .9December 1977*
Proposal fora
COUNCIL REGULATION
amendingRegulation (EEC)No878/77asregardsthe
exchange ratefortheFrenchfrancto"beappliedin
agriculture
(submitted totheCouncilbytheCommission )
A> •.Ah*s,vm
ICN-[ <>' :-C3 v» :.Ù-(
VV^y:iXV%v-sîy \' . •-•J-/
*'NVf
•Ut
COM(77)673final.

EXPLANATORY MEMORANDUM
CouncilRegulation (EEC)No878/77of26April1977ontheexchange
ratestobeappliedinagriculture (OJNoL106,29.4«1977 ,P*27),
aslastamended "byRegulation (EEC)No2024/77(OJNoL235,14*9*1977 ,
p.l)fixedarepresentative ratefortheFrenchfranc.Thereisa
considerable difference betweenthisrepresentative rateandthe
currentmarketrate,withtheresultthatthemonetary compensatory amounts
currently applicable arecalculated byreference toarateof15*5•
Prancehasrequested thattheCommission proposethemeasures required
foradjustingtherepresentative rateforthefranc,withthe'aimofreducing
themonetary compensatory amountscurrently applicable .Inviewofthe
presentdifference intheexchangerates,itisproposed toaccedetothe
Frenchrequest andtoaltertherepresentative rateofthefranc.
Thefollowing tableshowstheeffectsoftheproposed measures
Oldrate Deval *in
*Effects
onpricesin$IonMCA's
FF1=0.172995 uaFF1=0,168670 ualua±578O5IFF1ua=5,92874FF2.5 +2,564 réduction
of2.9
points
(*)
Francehasalsomadeknownthatitwouldwelcome afurther devaluation of
therepresentative ratefortheFrenchfrancwhenthe-decisions onfarm
pricesfor1978/79aretaken.TheCommission reservestherighttomake
appropriate proposals onthematter.
(x)on5December 1977,thedifference was12.6insteadof15*5

Proposal fora
COUNCIL REGULATION No
of
amendingRegulation (EEC)No878/77as
regardstheexchangeratefortheFrenchfranc
to"beappliedinagriculture
THECOUNCIL OPTHEEUROPEAN COMMUNITIES ,
HavingregardtotheTreatyestablishing theEuropean Economic Community ,
HavingregardtoCouncilRegulation No129ontheexchangeratestobeapplied
forthepurposesofthecommonagricultural policy^,aslastamendedby
2Regulation (EEC)No2543/73,andinparticular Article3thereof,
Havingregardtotheproposal fromtheCommission ,*•
WhereasCouncilRegulation (EEC)No878/77of26April1977on"theexchange
ratestobeappliedinagriculture ^,aslastamendedbyRegulation (EEC)No
2024/77^*fixedarepresentative ratefortheFrenchfranc;whereasthe
fluctuations ofthatcurrency makeitappropriate thatanewrepresentative
rateshouldbefixedatalevelclosertopresenteconomicreality ;whereas
thatrateshouldbeappliedwitheffectfrom1February 197^;
WhereastheMonetary Committee willbeconsulted ;whereasinviewoftheurgency
ofthematter,themeasures envisaged shouldbeadoptedinthemannerspecified
inArticle3(2)ofRegulation No129,
HASADOPTED THISREGULATION :
Article 1
InArticle2(l)ofRegulation (EEC)No878/77,subparagraph (d)isamendedto
readasfollows :
(d)fortheFrenchfrancï
1Frenchfranc«O.I6867Ounitofaccount.
(1)OJNo106,30.10.1962 ,p.2553/62
(2)OJNoL263,19-9.1973,p.1
(3)OJNo106,29.4.1977 ,P.27
(4)OJNoL235,14.9.1977 ,P.1

Article 2
Thefollowing paragraphisaddedtoArticle2ofRegulation (EEC)No878/771
"4»Therepresentative ratefortheFrenchfrancfixed "byRegulation (EEC)No
shallapplywitheffectfrom1February 1978".
Article 3
ThisRegulation shallenterintoforceonthedayofitspublication inthe
Official JournaloftheEuropean Communities .
ThisRegulation shallbebindinginits.jentirety anddirectly applicable
inallMemberStates.
DoneatBrussels FortheCouncil

FINANCIAL STATEMENTVI/4587/77
DATE16.12.1977
«Mltl
1.Ifumberofrelevant budgetentry:Chapters 78and.79
2.Titleofproject :ProposalforaCouncilRegulation alteringtherepresentative
ratetobeappliedinagrioulture fortheFrenchfranc.
3.LEGALBASIS(Regulation 129,Article 3
4.Aims:Downward realignment ofrepresentative ratefortheFrenchfrancby2.5>»
applicable witheffectfrom1.2.1978*
5.FINANCIALImplications
5.0EXF'EI.'DITUäE
-CHARGFIJ )TOTORECBUDGET
(H13U1JLS/INTERV3TJTI 0N3)
5.1RECEIPTS
-OKIRESOURCES OFTHEEC
(LEVIEn/smjraXX&rEEEt )
–NATIONALFOBTHEMARKETING YEAH
+116.6milliom
4u.a.
+4«omillion
Usci*1978PINANCIAL YEAS
+87*4Emillion
U«cl*
4.0 ,'Emillior
u.a*RCLLCWIKO FINANCIAL TEAS
+116.6Emillion
U«cl»
+4*8Emillion
-u.a.
Multiannual timetable
5.0.1ofexpenditure –
5«l-VMultiannual timetable
ofreceiptsYEAS15.80. YEAR
+116.6million EUA
+4.8""YEAR1982
•••••••<
5.2KETiiOD OFCALCULATION
A)Expenditure :MCA(withoutdualrate)
dualrateoncommon
organisation ofmarkets
dualrateonMCA.
B)Receipts :dualrateonlevies
dualrateonsugarand
isoglucose levies+59*5million EUÀ
+6O.4million EUA
-3«-3million EUA
+116.6million EUA
+2.1million EUA
+2.65million EUA
j6.0Camtheprojectbefinanced fromappropriations enteredintherelevant ch&nterofcurrentbudget? (1978)11 1 :<
XS^KO
:
pTTFINANCING POSSIBLE BYTRANSFER CHAFTEKS OFCURRENT BUDGi-T? YES/NO
■62ULCzZJZLTY FCAASUFPLKLS.'FARY BUDGET?YE3/K#
rAppropriations tobeenteredinfuturebudgets? TEZ/Xtf -
COFFILZHTSI