CELEX: 31974D0386
Language: en
Date: 1974-07-17 00:00:00
Title: 74/386/EEC: Commission Decision of 17 July 1974 setting a limit date to the Commission Decision of 8 May 1974 authorizing the Italian Republic to take certain safeguard measures under Article 108 (3) of the EEC Treaty with respect to certain sectors of agriculture

20 . 7 . 74                           Official Journal of the European Communities                             No L 198 /37
                                                               II
                                         (Acts whose publication is not obligatory)
                                                  COMMISSION
                                                COMMISSION DECISION
                                                       of 17 July 1974
               setting a limit date to the Commission Decision of 8 May 1974 authorizing the
               Italian Republic to take certain safeguard measures under Article 108 (3) of the
                           EEC Treaty with respect to certain sectors of agriculture
                                              (Only the Italian text is authentic)
                                                         (74/386/EEC)
THE COMMISSION OF THE EUROPEAN                                     the application of the monetary compensatory
COMMUNITIES,                                                       amounts instituted by Council Regulation (EEC) No
                                                                   974/71 (4) of 12 May 1971 on certain measures of
                                                                   short-term economic policy to be taken in agriculture
Having regard to the Treaty establisning the European
Economic Community, and in particular Article                      following the temporary widening of the margins of
                                                                   fluctuation   for the   currencies    of certain Member
 108 (3) thereof ;
                                                                   States, as last amended by Regulation (EEC) No
                                                                   3450/73 (5), in whose case payment of the deposit is
Having regard to Council Regulation (EEC) No                       still obligatory ; whereas the appreciable reduction of
2958/73 (') of 31 October 1973 on the rate of conver­              these compensatory amounts granted on import and
sion to be applied in the ' agricultural sector for the            charged on export to Italy is calculated to replace the
Italian lira, as last amended by Regulation (EEC) No               bank deposit hitherto required by a measure more in
 1847/74 (2), and in particular Article 1 (2) (d)                  line with the proper functioning of the common agri­
thereof ;                                                          cultural market ;
Whereas, by its Decision of 8 May 1974 (3), the
Commission authorized the Italian Republic to
require evidence to be shown in the importation of                 Whereas to this end, when this abolition takes effect,
certain goods that a cash deposit representing 50 % of             the new representative rate fixed for the Italian lira
the cif value of the said goods has been paid ;                    must become operative, pursuant to Article 1 (2) (d)
                                                                   of Regulation (EEC) No 2958 /73 ; whereas application
                                                                   of that representative rate will cause the prices ruling
Whereas that Decision provides that a limit date be                in the sectors concerned in Italy to rise, such rise
soon set to that authorization with respect to agricul­            being accompanied by corresponding adjustment of
tural products subject to market organization                      the monetary compensatory amounts ;
comprising strict price support arrangements, and to
products processed therefrom ;
Whereas it appears possible to dispense now with that              Whereas, however, certain exceptions are necessary to
authorization with respect to those sectors subject to             allow for better conditions for cattle rearing in Italy
                                                                   and thus help Italy's balance-of-payments position ;
C) OJ No L 303, 1 . 11 . 1973, p. 1 .
(2) OJ No L 195, 18 . 7. 1974, p. 1 .                              (*) OJ No L 106, 12. 5. 1971 , p. 1 .
(3) OJ No L 152, 8 . 6. 1974, p. 18 .                              (®) OJ No L 353, 22. 12. 1973, p. 25.
 ---pagebreak--- No L 198 / 38                       Official Journal of the European Communities                             20 . 7 . 74
Whereas, moreover, the deposit system could suitably           force of this Decision, the application of monetary
be scrapped with repect to some other agricultural            compensatory amounts with respect to beef and veal
products of lesser importance,                                 products, other than those referred to in Article 1 of
                                                               the Commission Decision of 5 June 1974.
HAS ADOPTED THIS DECISION :                                    2.    This authorization shall lapse after the three
                                                               months :
                         Article 1
                                                              — as soon as the Commission shall find that the
In the case of the following products, the authoriza­              prices ruling on the Italian market and on all the
tion referred to in Article 1 of the Commission Deci­              other Community markets are below the interven­
sion of 8 May 1974 shall lapse on 22 July 1974 :                   tion price ;
(a)  cereal products ;                                        — and in any event not later than on 31 January
                                                                   1975 .
(b)  egg and poultrymeat products ;
(c)  milk products ;
                                                                                      Article 4
(d)  wine products ;
(e)  goods coming under Regulation            (EEC)   No       The representative rate of the Italian lira indicated in
     1059 /69 ;                                                Article 1 (2) (d) of Regulation (EEC) No 2958 /73
(f) horses      coming     under       CCT     subheading      shall become operative on 22 July 1974 with respect
     01.01 A III ;                                             to those agricultural products in whose case it is not
(g) seed potatoes coming under CCT subheading                  yet so, and to those goods which are the subject of
     07.01 A I.                                                specific arrangements under Article 235 of the Treaty.
                         Article 2                                                    Article 5
By derogation from Article 1 , first subparagraph, of
the Commission Decision of 8 May 1974, the amount              This Decision is addressed to the Italian Republic.
of the deposit may not exceed 25 % of the cif value of
beef and veal products other than those referred to in
Article 1 of the Commission Decision of 5 June                 Done at Brussels, 17 July 1974.
 1974 (!).
                                                                                         For the Commission
                         Article 3
                                                                                             The President
 1 . Italy shall be authorized temporarily to suspend,
for a minimum of three months from the entry into                                       Francois-Xavier ORTOLI
 (') OJ No L 154, 11 . 6. 1974, p. 22.