CELEX: 31974R1685
Language: en
Date: 1974-06-27 00:00:00
Title: Regulation (EEC) No 1685/74 of the Council of 27 June 1974 amending in particular Regulation (EEC) No 2958/73 on the exchange rate applied in agriculture for the Italian lira

30 . 6 . 74                                 Official Journal of the European Communities                             No L 176/ 1
                                                                    I
                                                  (Acts whose publication is obligatory)
                                 REGULATION ( EEC) No 1685 /74 OF THE COUNCIL
                                                            of 27 June 1974
               amending in particular Regulation ( EEC) No 2958 /73 on the exchange rate
                                             applied in agriculture for the Italian lira
THE COUNCIL OF THE EUROPEAN                                             1 July 1974 ; whereas it should therefore be ensured
COMMUNITIES,                                                            that the application of the new rate for sugar coin­
                                                                        cides with the beginning of the marketing year ;
Having regard to the Treaty establishing the European
Economic Community, and in particular Article 103
thereof ;
                                                                        Whereas the Monetary Committee will be consulted
                                                                        and whereas, in view of the urgency of the matter, the
Having regard to Council Regulation No 129 (') on                       measures envisaged should be adopted under the
the value of the unit of account and the exchange rate                  conditions laid down in Article 3 (2) of Regulation No
to be applied for the purposes of the common agricul­                    129 ;
tural policy, as last amended by Regulation ( EEC) No
2543/73 (2), and in particular Article 3 thereof ;
Having regard to the proposal from the Commission ;
                                                                        Whereas, in the case of the pigmeat sector, Article 2
                                                                        of Regulation ( EEC) No 1424/74 stipulated that the
                                                                        purchase price applicable in Italy should be increased
Whereas Article 1 of Council Regulation ( EEC) No                       by 1 2-5 % until the beginning of the 1974/75
29 58 /73 (3) of 31 October 1973 on the exchange rate                   marketing year, and Article 4b of Council Regulation
applied in agriculture for the Italian lira, as last                    ( EEC) No 974/ 71 (b) of 12 May 1971 on certain
amended by Regulation ( EEC) No 1 424/74 (4), makes                     measures of conjunctural policy to be taken in agricul­
provision for representative rates for the Italian lira to              ture following the temporary widening of the margins
                                                                        of fluctuation for the currencies of certain Member
be applied with effect from 1 November 1973 , 1
January 1974 and 28 January 1974 ; whereas, pursuant                    States, as last amended by Regulation ( EEC) No
to Article 1 (2) (d) of that Regulation a new representa­               3450/73 (7), is applied taking into account the first
tive rate is to be applied with effect from a date to be                subparagraph of paragraph I of the abovementioned
fixed under the procedure laid down in Article 108 (3)                  Article 2 ; whereas the Italian purchase price is there­
of the Treaty, this date to coincide with the date on                    fore 3-18 % less than the price resulting from the new
which the measures taken within the meaning of                          conversion rate ;
Article 7 (5) of the Commission Decision of 8 May
 1 974 (3) authorizing the Italian Republic to take
certain protective measures under Article 108 (3) of
 the Treaty become applicable ;                                         Whereas constant imports are required for the market
                                                                         in pigmeat in Italy ; whereas, in view of Italy's present
                                                                         balance of payments difficulties , it seems desirable to
Whereas if the said measures should enter into force
                                                                         stimulate domestic production as much as possible ;
after 30 June 1974, the application of the new repre­                   whereas , to this end , the price originally laid down for
sentative rate would lead to an undesired change for                     the beginning of the marketing year 1974/ 75 should
sugar in the 1974/75 marketing year which begins on                      be increased immediately ; whereas Article 4b of Regu­
                                                                         lation ( EEC) No 974/71 is accordingly no longer appli­
(')  OJ  No  106, 30 . 10 . 1962, p . 2553/62 .                          cable in this sector,
(2)  OJ  No  L 263 , 19 . 9 . 1973 , p. 1 .
(3 ) OJ  No  L 303 , 1.11 . 1973 , p. 1 .
(4)  OJ  No  L 150 , 7 . 6 . 1974, p. 39 .                              (") OJ No L 106, 12 . 5 . 1971 , p. 1 .
(s)  OJ  No  L 152, 8 . 6. 1974, p. 18 .                                ( 7) OJ No L 353 , 22 . 12 . 197 *. p. 25 .
 ---pagebreak--- No L 176/ 2                      Official Journal of thp European Communities                            30 . 6 . 74
HAS ADOPTED THIS REGULATION :                                  ' Article 2 a
                      Article 1                                With effect from 1 July 1974, Article 4b of Regula­
                                                               tion ( EEC) No 974/71 shall no longer apply in
The following sentence is added to Article 1 (2) (d) of        respect of pigmeat.'
Regulation (EEC) No 2958 /73 : ' In respect of sugar,
however, the representative rate shall take effect on 1
July 1974.'                                                                        Article 3
                      Article 2
                                                           This Regulation shall enter into force on the day of its
The following Article is added to Regulation (EEC)          publication in the Official Journal of the European
No 1424/ 74 :                                               Communities.
            This Regulation shall be binding in its entirety and directly applicable in all Member
            States .
            Done at Luxembourg, 27 June 1974.
                                                                      For the Commission
                                                                          The President
                                                                         K. GSCHEIDLE