ARCHIVESHISTORIQUES
DELACOMMISSION
COLLECTION RELIEEDES
DOCUMENTS "COM"
COM(76)616
Vol.1976/0188

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COMMISSION OFTHEEUROPEANCOMMUNITIES
COM(76)616Final
Brussels,30November1976
AMMENDMENTS TO
PROPOSALFORACOUNCILREGULATION(EEC)
relatingtothefixingofrepresentative exchangeratesinthe
agricultural sector.
AmendmentstoCOM(76)590final
l)insertpage3^attached
2)thefirsttwolinesonpage4aredeleted
/
COM(76)616Final

-3b-
The 1January ofthesecond year preceding th-;t inwhich thero'Hfyinp
decision was taken .
3.Theadjusted ,representative rate shall beequal
(a)inrespect ofcurrencies which aremaintained within amaximum
spot margin of2.25$ :
totheweighted average oftheexchange rates forthecurrency in
question during thereference period inrelation totheEuropean
monetary unit ofaccount ;
(b)inrespect ofcurrencies other than those referred tounder (a):
tothearithmetic average oftheexchange rates for th:currency
inquestion inrelation totheEuropean monetary unit ofaccount
andresulting from theaverage rates taken into account each week
during thereference "period forthecalculation ofmonetary
compensatory amounts .-
4.*However ,
(a)forMember States whose currency hasdepreciated ,theadjustment
pursuant tothis Article shall beeffected only ifthenew
representative rate differs byapercentage tobedetermined ,from
theoldrepresentative rate andfrom theexchange rate inrelation
totheEuropean monetary unit ofaccount resulting from theaverage
rates taken into account ,atthetime when thenewrepresentative
rate wasfixed ,forthecalculation ofthemonetary compensatory
amounts ;
(b)iftheadjustment inaccordance with this Article would result inthe
fixing ofanewrepresentative rate involving theintroduction orthe
increase ofmonetary compensatory amounts ,thenewrcpresentat :vc
rate tobeadopted shall betheaverage rate taken into account at
themost recent fixing ofthemonetary compensatory amounts ,less
thepercentage referred tounder (a)inthecase ofdepreciated
currencies andexpressed inrelation totheEuropean monetary unit
ofaccount .3.The
(a)