CELEX: 31977R2024
Language: en
Date: 1977-09-13 00:00:00
Title: Council Regulation (EEC) No 2024/77 of 13 September 1977 amending Regulation (EEC) No 878/77 as regards the exchange rate to be applied for the Danish kroner in the agricultural sector

14. 9 . 77                                  Official Journal of the European Communities                           No L 235/ 1
                                                                    I
                                                 (Acts whose publication is obligatory)
                                         COUNCIL REGULATION ( EEC) No 2024/77
                                                         of 13 September 1977
               amending Regulation (EEC) No 878/77 as regards the exchange rate to be
                                applied for the Danish kroner in the agricultural sector
THE COUNCIL OF THE EUROPEAN                                            HAS ADOPTED THIS REGULATION :
COMMUNITIES,
                                                                                                 Article 1
Having regard to the Treaty establishing the European                  In Article 2 ( 1 ), of Regulation (EEC) No 878/77, point
Economic Community,                                                    (b) shall be replaced by the following :
Having regard to Council Regulation No 129 on the                          '(b) for the Danish kroner :
value of the unit of account and the exchange rates to                           1   Danish    kroner    =  0-116733  unit   of
be applied for the purpose of the common agricultural                            account
policy ( l), as last amended by Regulation (EEC) No
                                                                                                 Article 2
2543/73 (2), and in particular Article 3 thereof,
                                                                       The following paragraph shall be added to Article 2 of
Having regard to the proposal from the Commission ,                    Regulation (EEC) No 878 /77 :
Whereas Council Regulation (EEC) No 878 /77 of 26                          '3 . The representative rate for the Danish
April 1977 on the exchange rates to be supplied in                         kroner as fixed by Regulation (EEC) No 2024/77
agriculture (3), as last amended by Regulation (EEC)                       shall be applicable from :
No 1708/77 (4), fixed a representative rate for the                        (a) the dates referred to in paragraph 2 (d) and (e)
Danish      kroner ; whereas         the     movement     of this
                                                                                for the products mentioned therein ;
currency indicates the advisability of fixing a new                        (b) the beginning of the 1977/78 marketing year
representative rate which reflects more closely the                             for the other products for which the marketing
current economic situation ; whereas this rate should
                                                                                year has not commenced by 16 September
be applied in principle on the dates when prices are                            1977 ;
changed ;                                                                  (c) 16 September 1977 in all other cases.'
Whereas the Monetary Committee will be consulted ;
                                                                                                 Article 3
whereas, in view of the urgency of the matter, the
proposed measures should be adopted under the                          This Regulation shall enter into force on the day of its
conditions laid down in Article 3 (2) of Regulation No                 publication in the Official Journal of the European
 129,                                                                   Communities.
               This Regulation shall be binding in its entirety and directly applicable in all Member
                States .
                Done at Brussels, 13 September 1977.
                                                                                     For the Council
                                                                                      The President
                                                                                      A. HUMBLET
(!) OJ  No   106, 30 . 10 . 1962, p. 2553/62.
(2  OJ  No   L 263 , 19 . 9 . 1973 , p. 1 .
(3) OJ  No   L 106, 29 . 4. 1977, p . 27 .
(<) OJ  No   L 189, 29 . 7 . 1977, p . 7.