CELEX: 31975R1376
Language: en
Date: 1975-05-29 00:00:00
Title: Regulation (EEC) No 1376/75 of the Commission of 29 May 1975 amending Regulation (EEC) No 540/75 as regards additional measures to be taken for monetary purposes in respect of agriculture

No . L 139/28                                Official Journal of the European Communities                             30. 5. 75
                               REGULATION (EEC) No 1376/75 OF THE COMMISSION
                                                             of 29 May 1975
               amending Regulation (EEC) No 540/75 as regards additional measures to be
                                   taken for monetary purposes in respect of agriculture
THE COMMISSION OF THE EUROPEAN                                          currency ; whereas the Member States concerned are
COMMUNITIES,                                                            those in which the new representative rate for the
Having regard to the Treaty establishing the European                  .national currency represents a revaluation in relation
Economic Community ;                                                    to the parity of that currency, namely the Benelux
                                                                        countries and Germany ;
Having regard to Council Regulation (EEC) No
475/75 (') of 27 February 1975 on the exchange rates                    Whereas to avoid such an anomaly it is advisable to
to be applied in agriculture, and in particular Article 4               provide that in these Member States the intervention
thereof ;                                                               prices for the products in question be converted into
                                                                        the national currencies at the new rates of exchange
Whereas Commission Regulation (EEC) No 540/75 (2)                       with effect from 1 June 1975, the date on which the
of 28 February 1975 laying down additional measures                     intervention prices fixed for the 1975/76 marketing
to be taken in agriculture following the fixing, with                   year are applied to the cereals in question ; whereas,
effect from 3 March 1975, of new representative rates                   consequently, it is advisable to amend Regulation
for the     currencies       of certain       Member States, as
                                                                        (EEC) No 540/75 by providing that the coefficients
amended by Regulation (EEC) No 11 08 /75 (3), lists in                  mentioned in Article 1 of that Regulation should
its Annex I certain items, expressed in national curren­                cease to be applied to the intervention prices in the
cies, which are to be maintained at their former level
                                                                         Benelux countries and Germany from 1 June 1975 ;
until the beginning of the 1975/76 marketing year ;
whereas these items include the intervention prices                     Whereas the Management Committee for Cereals has
for cereals ;                                                            not delivered an opinion within the time limit set by
                                                                         its Chairman ,
Whereas Article 4 (3) of Council Regulation (EEC) No
 120/67/ EEC (4) of 13 June 1967 on the common
                                                                         HAS ADOPTED THIS REGULATION :
organization of the market in cereals, as last amended
by Regulation (EEC) No 85/75 (5 ), provides that from                                            Article 1
 1 June to 31 July the intervention prices for common
wheat, durum wheat, barley and rye effective for                         Article 1 of Regulation (EEC) No 540/75 is supple­
August of the following marketing year shall apply ;                     mented by the addition of a second paragraph as
                                                                         follows :
Whereas by virtue of Article 2 of Regulation ( EEC)
 No 475/75 the adjustment of the intervention prices                         ' However, in the case of cereals the intervention
 in national currencies by application of the new repre­                     prices applicable to common wheat, durum wheat,
 sentative rates fixed in Article 1 of that Regulation                       barley and rye shall in the Benelux countries and
 does not come into effect for cereals until the begin­                      Germany be adjusted by application of the appro­
 ning of the 1975/ 76 marketing year, namely 1 August                         priate coefficient as specified in the preceding
 1975 ; whereas, the increase in intervention prices                          paragraph only until 31 May 1975.'
 decided on for the new marketing year having already                                            Article 2
 been applied in June and July 1975 for the cereals in
 question , application of the new rates of exchange on                  This Regulation shall enter into force on the day of its
  1 August would in certain Member States result in a                    publication in the Official Journal of the European
 fall in the intervention prices in terms of national                     Com in unities.
                This Regulation shall be binding in its entirety and directly applicable in all Member
                States .
                Done at Brussels, 29 May 1975 .
                                                                                    For the Commission
                                                                                      P.J. LARDINOIS
                                                                                Member of the Commission
 (')  OJ No  L 52, 28 . 2 . 1975, p. 28 .
 {*)  OJ No  L 57, 3 . 3 . 1975, p. 29 .
 (3 ) OJ No  L 1 10 , 30 . 4 . 1975, p. 12 .
 C)   OJ No  117, 19 . 6 . 1967, p . 2269 / 67 .
 (s)  OJ No  L 1 1 , 16 . 1 . 1975 , p . 1 .
                                                       \