ARTICLE 29 OF REGULATION NO 685/69 OF THE COMMISSION , AS SUPPLEMENTED BY REGULATION NO 2517/74 OF THE COMMISSION , NO AID IS DUE TO THE PLAINTIFF CO-OPERATIVE SOCIETY IN RESPECT OF THE QUANTITIES OF BUTTER AND CREAM STILL IN STORAGE ON THE AFOREMENTIONED DATE .
7IN THE FIRST TWO QUESTIONS , THE HIGH COURT ASKS WHETHER REGULATION NO 2498/74 OF THE COUNCIL , WHICH ALTERED THE EXCHANGE RATE BETWEEN THE IRISH POUND AND THE UNIT OF ACCOUNT , HAD THE EFFECT OF INCREASING THE ' ' BUYING-IN PRICE FOR BUTTER ' ' WITHIN THE MEANING OF THAT EXPRESSION AS USED IN ARTICLE 29 OF REGULATION NO 685/69 OF THE COMMISSION , AS AMENDED BY REGULATIONS NO 1064/69 AND NO 603/70 OF THE COMMISSION , AND WHETHER SUCH INCREASE TOOK PLACE INDEPENDENTLY OF OR BY VIRTUE OF THE PROVISIONS OF REGULATION NO 2517/74 OF THE COMMISSION .
8REGULATION NO 2498/74 ALTERING THE REPRESENTATIVE CONVERSION RATE FOR THE IRISH GREEN POUND WHICH HAD BEEN FIXED BY REGULATION NO 222/73 OF THE COUNCIL OF 31 JANUARY 1973 ( OFFICIAL JOURNAL 1973 , L 27 , P . 4 ), APPLIES , ACCORDING TO ARTICLE 1 THEREOF , TO ' ' TRANSACTIONS TO BE CARRIED OUT IN PURSUANCE OF INTRUMENTS RELATING TO THE COMMON AGRICULTURAL POLICY ' ' .
9THE ANNEX TO REGULATION NO 1134/68 OF THE COUNCIL OF 30 JULY 1968 ( OFFICIAL JOURNAL , ENGLISH SPECIAL EDITION 1968 ( II ), P . 396 ) TO WHICH THE FOURTH RECITAL IN THE PREAMBLE TO REGULATION NO 2498/74 REFERS , DOES NOT MENTION THE BUYING-IN PRICE APPLIED BY THE INTERVENTION AGENCIES AMONG THE AMOUNTS TO BE ADJUSTED IN THE CASE OF AN ALTERATION OF THE PARITY OF THE NATIONAL CURRENCY OF A MEMBER STATE IN RELATION TO THE UNIT OF ACCOUNT .
10THEREFORE REGULATION NO 2498/74 , CONSIDERED SOLELY IN RELATION TO THE REGULATIONS WITHIN THE FRAMEWORK OF WHICH IT WAS ADOPTED , CANNOT HAVE HAD THE EFFECT OF BRINGING ABOUT AN INCREASE IN THE BUYING-IN PRICE FOR BUTTER EXPRESSED IN IRISH NATIONAL CURRENCY .
11ON THE OTHER HAND , A CHANGE IN THE BUYING-IN PRICE DUE TO A CHANGE IN THE PARITY BETWEEN THE UNIT OF ACCOUNT AND A NATIONAL CURRENCY IS EXPRESSLY PROVIDED FOR BY ARTICLE 29 OF REGULATION NO 685/69 , AS SUPPLEMENTED BY REGULATION NO 2517/74 OF THE COMMISSION .
12THE AFORESAID ARTICLE 20 LAYS DOWN THAT THE AMOUNT OF AID FOR THE PRIVATE STORAGE OF BUTTER SHALL BE INCREASED OR DECREASED BY REASON OF ANY CORRESPONDING CHANGE IN THE BUYING-IN PRICE EXPRESSED IN UNITS OF ACCOUNT , AND GOES ON TO PROVIDE IN THE LAST SUBPARAGRAPH THAT
' ' THE PROVISIONS OF THE PRECEDING SUBPARAGRAPHS SHALL ALSO APPLY IN THE EVENT OF A CHANGE IN THE BUYING-IN PRICE FOR BUTTER , EXPRESSED IN NATIONAL CURRENCY , APPLIED BY THE INTERVENTION AGENCY ' ' .
13REGULATION NO 2517/74 , PROVIDING FOR THE ADDITION OF THIS LAST SUBPARAGRAPH TO ARTICLE 29 , ENTERED INTO FORCE ON 1 OCTOBER 1974