ARCHIVESHISTORIQUES
DELACOMMISSION
COLLECTION RELIEEDES
DOCUMENTS "COM"
COM(73)2079
Vol.1973/0375

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COMMISSIONOFTHEEUROPEAN COMMUNITIES
COM(73)2079 final
Brussels,10December1973•
PROPOSAL FORA
ofdevelopments in "themonetary situation
(submittedtotheCouncil"bytheCommission)
COM(73)2079final

EXPLANATORY KEMORAinUM
Council Regulation(EEC)Ho.2958 of31October1973 fixed arepresent ativo
conversion rate for theItalian lira with effect from 1November ,this
rate being amended with effect from1January1974•»
Theobjective ofthis regulation istolimit therise inprices resulting
from these measures ,bymaintaining theprice level existing on31December
1973 inItaly for colza andrape seed until the endofthe1973/74marketing
year .Further ,themaintenance oftheprices atthe31December level hasa
bearing onthefixing ofthedifferential amounts fortheseeds concerned .

PE'OPCSALFORA
RPiam^PlUEECl
amendingRegulation(EFJC)HO1569/73asregardsthelevelofpricesofcolza
andrapeseedinItalyinconsequence ofdevelopments inthemonetarysituation.
THECOTOTCILOPTHEFJHOFEMCOIS3UFITIE3 ,
HavingregardtotheTmtyestablishing theEuropeanEconomicCommunity,
HavingregardtoCouncilRegulation(EEC)No136/66/EEC^of22September
i960ontheestablishment ofacommonorganization ofthemarketinoilsand
ν2)fats,aslastamendedbyRegulation(EEC)No1707/73andinparticular
Article'36thereof5
Havingregardtotheproposalfromthe.Commission ;
WhereasCouncilRegulation(EEC)No2953/73^^of31October1973ontheexchange
rateappliedinagriculturefortheItalianlira,asamendedbyRegulation(EEC)
Ho2996/73^\fixedwitheffectfrom1November1973arepresentativeconver-!
sionratefortheliaLianlira,tobemodifiedwitheffectfrom1January1974;
whereastheapplication ofthisratewouldresultinariseinthepricesof
colzaandrape.seddontheItalianmarket;whereasitappearsdesirableto
attenuateasfara3possibletheeffectofthismeasureontheItalianeconomy;
Whereasinordertolimitsuchariseinprioes,thelevelofpricesexisting
inItalyfortheseseedson31December1973shouldbemaintaineduntiltheend
ofthe1973/1974marketingyear;whereasthismeasureshouldbetakeninto
accountinthefixationofthedifferential amounts;
WhereasArticle5(a)ofRegulation(EEC)Ho1569/72^proviaedforcolzaand
rapeseedpricesinItalytobeincreasedby1$*5orthe1973/1974marketing
year,andacorresponding adaptationofthedifferential amounts;whereasthe
consequences ofthisprovisionshouldbeincorporated inthesystemtobeappli­
cablefromnowon, r
HASADOPTEDTHISREGULATION :
(1)OJHo172,30.9.1966,p,3025/66.
(2)OJHoL175,29*6.1973,P.5»
(3)OJHoL303,1.11.1973,P.1.
(4)OJHoL305,1.11.1973,P.7.
(5)OJHoL167,20.7.1972,p.9.

Article1
Article5(a)ofRegulation(EEC)HO1559/72isreplacedbythefollowing:
"1«Theinterventionpricesvaliduntiltheendofthe1972/l974marketing
yearinItalyfortheprod-actsreferredtoinArticle1shall "befixedat
thelevelwhi,chresultsfromtfteapplication oftheprovisionsvalidon
31December1973•
"2.AmountspayblebyItalyonaccountofotherinterventions onthedomestic
marketshallbereducedtotheextendnecessarytotakeintoaccountthe
effectofthemeasurescontainedinparagraph1«
îtrfco
n3.Thedifferential amountsapplicableinItalyshallbefixedtaking/account
theeffectofthemeasurescontainedinparagraphl*'1
Article2 : ■
ThisRegulationshallenterintoforceon1January1974»
ThisRegulationshallbefindinginitsentiretyanddirectlyapplicablein
allMemberStates.
DoneatBrussels, FortheCouncil
ThePresident.