ARCHIVESHISTORIQUES
DELACOMMISSION
COLLECTION RELIEEDES
DOCUMENTS "COM"
COM(77)722
Vol.1977/0225

Disclaimer
Conformément aurèglement(CEE,Euratom)n°354/83duConseildu1erfévrier1983
concernantl'ouvertureaupublicdesarchiveshistoriquesdelaCommunauté économique
européenneetdelaCommunautéeuropéennedel'énergieatomique(JOL43du15.2.1983,
p.1),telquemodifiéparlerèglement(CE,Euratom)n°1700/2003du22septembre2003
(JOL243du27.9.2003,p.1),cedossierestouvertaupublic.Lecaséchéant,lesdocuments
classifiésprésentsdanscedossierontétédéclassifiésconformément àl'article5dudit
règlement.
InaccordancewithCouncilRegulation(EEC,Euratom)No354/83of1February1983
concerningtheopeningtothepublicofthehistoricalarchivesoftheEuropeanEconomic
CommunityandtheEuropeanAtomicEnergyCommunity(OJL43,15.2.1983,p.1),as
amendedbyRegulation(EC,Euratom)No1700/2003of22September2003(OJL243,
27.9.2003,p.1),thisfileisopentothepublic.Wherenecessary,classifieddocumentsinthis
filehavebeendeclassified inconformitywithArticle5oftheaforementioned regulation.
InÜbereinstimmung mitderVerordnung(EWG,Euratom)Nr.354/83desRatesvom1.
Februar1983überdieFreigabederhistorischen ArchivederEuropäischen
Wirtschaftsgemeinschaft undderEuropäischen Atomgemeinschaft (ABI.L43vom15.2.1983,
S.1),geändertdurchdieVerordnung(EG,Euratom)Nr.1700/2003vom22.September2003
(ABI.L243vom27.9.2003,S.1),istdieseDateiderÖffentlichkeitzugänglich.Soweit
erforderlich,wurdendieVerschlusssachen indieserDateiinÜbereinstimmung mitArtikel5
dergenanntenVerordnungfreigegeben.

COMMISSION OFTHEEUROPEAN COMMUNITIES
COM(77)722 final
Brussels.3January1978
Proposalfora
COUNCIL DECISION
prolonging Decision76/402/EEConthelevel
oftheinterestratesubsidy,providedfor
byDirective 72/159/EEConthemodernization
offarms,tobeappliedinItaly
(submittedtotheCouncilbytheCommission)
COM(77)722final

1,Following tharequest ofthoItalian Government andontheproposal of
theCommission ,theCouncil having regard tothehigh interest ratafor
longtermloan® ,initsdecision *6April 1976onthalevel ofthointe­
restratesubsidy provided for*grDirect iva72/l59/E®C011 roodermsa -
tion offarjna (l),tohaapplied inItaly (2),authorised theItalian
Qoveroisent toincrease theinterest rate subsidy toI
a)12j*intheareas defined within themeaning oftheDirective on
mountain andhillfarming andfarming incertain less-favoured are&a (3)|
b)11%intheMesaogioroo region andinthedepressed regions ofthe
Centre andHorth ofItaly ,other thantheareas referred tounder a)and
o)9$>intheother regions *
2.Inaddition theCouncil decided inthisDecision thattheexpenditure ofthe
Italian Government resulting from this increased level of -interest subsidy
rateshall heeligible according totheprovisions ofDireotive 72/159/®®°*
3.Theabove mentioned Council Decision isapplicable until 31December 1977 .
Thesituation onthecapital market inItaly inpractically unchanged with
regard tothatoftheSpring of1976 .Theinterest rateforlongterm
agricultural loans hasevenincreased slightly .TheItalian Government
consequently requested aprolongation oftheCounoil Decision which appears
completely justified having regard tothis situation . .
v....--, i
' ..... .···''λ ■·.*,..·*; ■*.:·'»' '■
(1)O.J.n°L96,23.4.1976,p.1
(2)O.J.naL108,26.4.1976,p.39
(3)O.J.n•L128,19.5.1975 »P«1

THE COUNCIL OPTHE EUROPEAN COMMUNITIES .
Having regard totheTreaty establishing theEuropean Economic
Community , . 1
Having r«g»,rd toCounoil Directive 72/159/EBCof17April 1972 onthe
modern !nation offarms (l),andinparticular thecsoond subparagraph
ofArfciol ,*0(2).
<
Having regard totheproposal from theCommission ,
Whereas theItalian Government hasrequested theprolongation ofthe
authorisation ofCounoil Decision 76/402/EECof6April 1976 onthe
level oftheinterest rate subsidy ,provided forbyDirective
72/159/BEConthemodernisation offarms tobeapplied inItaly (2),aslast
amended byDecision 77/681/EEC (3),which isapplicable until 31December 19/7
Whereas thecurrent rate ofinterest inItaly for long-term agricultural loans
is15,45% which is2%greater than the rate onwhich
Decision 76/402/EECwasbased ;
Whereas aninterest rate of15»45 %andinterest rate subsidies of
respectively 9$>t11$and12$will mean that thebeneficiary is
oalled upon tobear arate ofinterest inexcess oftheminimum laid
down byDirective 72/l59/EECj •
HAS ADOPTED THE FOLLOWING DECISION 3
(1)ÛJNo L96,
(2)OJNoh108 ,
(3)OJNoL281,23.4.1972 ,P. 1
26.4.1976 ,p.39
4.11.1977 ,p.19
*
/.

Article 1
Artiole 4OFDecision 76/402/EECishereby amended asfollows :
"Articia4
This Deoislon shall apply until 31December 1979"
This Deoislon laaddressed totheItalian Republio ,
WOT tho CounoilDone atBrussels -3January 1978 r°r
*
(1)OJNo.L281,4.11*1977 »P*19

FINANCIAL STATEMENT
a*™.9,12.1977
1.BUDGUTLINSCO!ICOWED T8100
2.ACTIONiPropositionforCouncilDecision,tomodifytheCouncil'sDecision
76/402/EEC,relatingtothelevelofinterestratesubsidieslaiddowninDirec­tive72/159/EEC,concerningthemodernisation offarms,tobeappliedinItaly.
3.LSCALBASISiArtiolo6ofCouncilRegulation729/70/EECof28April1970,relating
tothefinancingofthecommonagricultural policy."
I.OBJECTIVES I2yeaaprolongationuntil31December1979oftheincreasedsubsidy
ratefixedbyCounoilDecision76/402/EECof6April1976.'
5.FINANCIAL CCNSEQUMCE
5.0EXPEI.-DITUHE
-CHARGEDTOTHEECBUDGET
(RKKUII16/IHTERVEHTIOKS )TORTHEHAJUCETIHO TEAR(XJRREJFTFINANCIAL YEARum :FOLLOWNOFINANCIALTEARI
5,5 7,3
-CHARGESTONATIONALADKIHISTR.
29,2 29,2 –CHARGESTOOTKERNATIONAL QROUFS
5.1RECEIPTS
-OWNRSSOUILCIS OFT!!EEC
(LEVIES/CUSTOMSDUTIES)
-NATIOIIAL
...IS7A TEARA?S9 TEARA?.8.1...,
5.0.1PLURIA.VNUALPATTER*OFEXPENDITURE 7,3 7,3 7,3KUa.
5.1.1PLURIANNUALPATTERNOFRECEIPTS - – ~''
5.2METHODOFCALCULATION
1.TheproposedItalianLawhasnotchangedtheceilingsofexpenditurefiledfor
thosedirectives.Astheseceilingshavealreadybeentakenintoconsideration
inthecalculationoftheglobalestimatesforthedirective,thisproposed
changecannotincreasetheooststoFEOGAasthesearealreadyestimatedat
themaximum.
2.Themainbudgetaryeffeotofthispropositionwillbetoinsurethattheoosts
estimated ToytheItalianGovernmentServicesareaohieved.
6.0FINANCINGPOSSIBLEWITHCREDITSINSCRIBEDINRELEVANTCHAPTEROFCURRENTBUDGET? KO
6.XFINANCINGPOSSIBLEBYTRANSFERB2TV.REENCHAPTERSOPCURRENTBUDGETT
4
6.2NECIBSMFORASUPPLEMENTARY BUDGET? X&&/NO
6.JCR23ITSTOBEWRITTENINTOFUTUREBUDGETS?HoneK&/NO
coHxans ■