THE NEW VALUE OF THE UNIT OF ACCOUNT COULD BE DETERMINED AND PUBLISHED AND WHEREAS , THEREFORE , TRANSACTIONS INVOLVING AGRICULTURAL OR ASSIMILATED PRODUCTS WOULD BE SUBJECT TO UNCERTAINTY AS TO THE VALUE OF THE UNIT OF ACCOUNT TO BE APPLIED ; WHEREAS DURING THAT PERIOD IT WOULD THEREFORE BE NECESSARY TO SUSPEND BOTH THE DEFINITION OF THAT VALUE AND THE SETTLEMENT OF SUCH TRANSACTIONS ;
WHEREAS , WHERE THE VALUE OF THE UNIT OF ACCOUNT OR THE PARITY OF THE CURRENCY OF A MEMBER STATE OR THAT OF A THIRD COUNTRY USED IN INTERNATIONAL TRANSACTIONS IS ALTERED , CERTAIN ELEMENTS IN THE CALCULATION OF AMOUNTS USED FOR THE IMPLEMENTATION OF THE COMMON AGRICULTURAL POLICY , OR CERTAIN AMOUNTS USED IN TRANSACTIONS GOVERNED BY THE PROVISIONS OF THAT POLICY , MAY BE AFFECTED ; WHEREAS THE AMOUNTS SO AFFECTED MUST THEREFORE BE ADAPTED TO THE NEW SITUATION ;
WHEREAS , MOREOVER , IT SHOULD BE POSSIBLE TO LESSEN THE ECONOMIC AND MONETARY CONSEQUENCE OF ALTERATIONS IN PARITY RELATIONSHIPS WITHOUT JEOPARDISING THE ATTAINMENT OF THE FUNDAMENTAL OBJECTIVES OF THE COMMON AGRICULTURAL POLICY ;
HAS ADOPTED THIS REGULATION :
ARTICLE 1
THE FOLLOWING SHALL BE SUBSTITUTED FOR ARTICLE 1 OF REGULATION N 129 :
" ARTICLE 1
WHERE , IN INSTRUMENTS CONCERNING THE COMMON AGRICULTURAL POLICY OR THE SPECIAL TRADE SYSTEMS FOR CERTAIN GOODS RESULTING FROM THE PROCESSING OF AGRICULTURAL PRODUCTS , SUMS ARE EXPRESSED IN UNITS OF ACCOUNT , THE VALUE OF THAT UNIT OF ACCOUNT SHALL BE 0 * 88867088 GRAMMES OF FINE GOLD . THIS VALUE MAY BE CHANGED ONLY IN THE CASES AND IN ACCORDANCE WITH THE PROCEDURES LAID DOWN IN ARTICLES 2 AND 3 OF REGULATION ( EEC ) N 653/68 ( 3 ) OF THE COUNCIL OF 30 MAY 1968 ON CONDITIONS FOR ALTERATIONS TO THE VALUE OF THE UNIT OF ACCOUNT USED FOR THE COMMON AGRICULTURAL POLICY .
THE PROVISIONS OF THIS ARTICLE SHALL APPLY WITHOUT PREJUDICE TO ARTICLE 18 OF THE FINANCIAL REGULATION ON THE ESTABLISHMENT AND IMPLEMENTATION OF THE EEC BUDGET AND ON THE RESPONSIBILITY OF AUTHORISING OFFICERS AND ACCOUNTING OFFICERS ( ARTICLE 209 ( A ) AND ( C ) OF THE TREATY ) ( 4 ) " .
ARTICLE 2
WHERE ALL MEMBER STATES ALTER THE PARITY OF THEIR CURRENCIES SIMULTANEOUSLY AND IN THE SAME DIRECTION , THE VALUE OF THE UNIT OF ACCOUNT AS DEFINED IN ARTICLE 1 OF REGULATION N 129 SHALL BE ALTERED AUTOMATICALLY :
_ WHERE THE ALTERATIONS ARE IN THE SAME PROPORTION : IN THE SAME DIRECTION AND IN THE PROPORTION AS THE ALTERATIONS IN THE PARITIES ;
_ WHERE THE ALTERATIONS ARE IN DIFFERENT PROPORTIONS : IN THE SAME DIRECTION AS THE ALTERATIONS AND IN THE SAME PROPORTION EQUIVALENT TO THE SMALLEST ALTERATION IN PARITY .
SIMULTANEOUS ALTERATIONS MEANS ALTERATIONS IN THE PARITY OF CURRENCIES OF MEMBER STATES MADE WITHIN THREE DAYS OF THE OFFICIAL ANNOUNCEMENT MADE BY THE MEMBER STATE WHICH FIRST ANNOUNCES A CHANGE IN THE PARITY OF ITS CURRENCY .
ARTICLE 3