CELEX: 31978R0470
Language: en
Date: 1978-03-07 00:00:00
Title: Council Regulation (EEC) No 470/78 of 7 March 1978 amending Regulation (EEC) No 878/77 as regards the exchange rate for the French franc to be applied in agriculture

Avis juridique important

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31978R0470

Council Regulation (EEC) No 470/78 of 7 March 1978 amending Regulation (EEC) No 878/77 as regards the exchange rate for the French franc to be applied in agriculture  

Official Journal L 065 , 08/03/1978 P. 0001 - 0001 Greek special edition: Chapter 03 Volume 20 P. 0142 

****( 1 ) 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 .  ( 4 ) OJ NO L 46 , 17 . 2 . 1978 , P . 1 .      COUNCIL REGULATION ( EEC ) NO 470/78   OF 7 MARCH 1978   AMENDING REGULATION ( EEC ) NO 878/77 AS REGARDS THE EXCHANGE RATE FOR THE FRENCH FRANC TO BE APPLIED IN AGRICULTURE   THE COUNCIL OF THE EUROPEAN   COMMUNITIES ,   HAVING REGARD TO THE TREATY ESTABLISHING THE EUROPEAN ECONOMIC COMMUNITY ,   HAVING REGARD TO COUNCIL REGULATION NO 129 ON THE VALUE OF THE UNIT OF ACCOUNT AND THE EXCHANGE RATES TO BE APPLIED FOR THE PURPOSES OF THE COMMON AGRICULTURAL POLICY ( 1 ), 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 COUNCIL REGULATION ( EEC ) NO 878/77 OF 26 APRIL 1977 ON THE EXCHANGE RATES TO BE APPLIED IN AGRICULTURE ( 3 ), AS LAST AMENDED BY REGULATION ( EEC ) NO 310/78 ( 4 ), FIXED A REPRESENTATIVE RATE FOR THE FRENCH FRANC ; WHEREAS THE FLUCTUATIONS OF THAT CURRENCY MAKE IT APPROPRIATE THAT A NEW REPRESENTATIVE RATE SHOULD BE FIXED AT A LEVEL CLOSER TO PRESENT ECONOMIC REALITY ; WHEREAS THAT RATE SHOULD BE APPLIED WITH EFFECT FROM 8 MARCH 1978 ;   WHEREAS THE MONETARY COMMITTEE WILL BE CONSULTED ; WHEREAS , IN VIEW OF THE URGENCY OF THE MATTER , THE MEASURES ENVISAGED SHOULD BE ADOPTED IN THE MANNER SPECIFIED IN ARTICLE 3 ( 2 ) OF REGULATION NO 129 ,   HAS ADOPTED THIS REGULATION :   ARTICLE 1   IN ARTICLE 2 ( 1 ) OF REGULATION ( EEC ) NO 878/77 , SUBPARAGRAPH ( D ) IS HEREBY AMENDED TO READ AS FOLLOWS :   ' ( D ) FOR THE FRENCH FRANC :   ONE FRENCH FRANC À 0.166638 UNIT OF ACCOUNT ' .   ARTICLE 2   THE FOLLOWING PARAGRAPH IS HEREBY ADDED TO ARTICLE 2 OF REGULATION ( EEC ) NO 878/77 :   ' 7 .  THE REPRESENTATIVE RATE FOR THE FRENCH FRANC FIXED BY REGULATION ( EEC ) NO 470/78 SHALL APPLY WITH EFFECT FROM 8 MARCH 1978 ' .   ARTICLE 3   THIS REGULATION SHALL ENTER INTO FORCE ON THE DAY OF ITS PUBLICATION IN THE OFFICIAL JOURNAL OF THE EUROPEAN COMMUNITIES .   THIS REGULATION SHALL BE BINDING IN ITS ENTIRETY AND DIRECTLY APPLICABLE IN ALL MEMBER STATES .   DONE AT BRUSSELS , 7 MARCH 1978 .   FOR THE COUNCIL   THE PRESIDENT   P . DALSAGER