CELEX: 31973R2959
Language: en
Date: 1973-10-31 00:00:00
Title: Regulation (EEC) No 2959/73 of the Council of 31 October 1973 providing for certain short-term economic measures for sugar in Italy following developments in the monetary situation

1 . 11 . 73                              Official Journal of the European Communities                          No L 303 /3
                                REGULATION (EEC) No 2959/73 OF THE COUNCIL
                                                       of 31 October 1973
               providing for certain short-term economic measures for sugar in Italy following
                                          developments in the monetary situation
THE COUNCIL OF THE EUROPEAN                                        shall be maintained until the end of the - 1973 / 74
COMMUNITIES,                                                        sugar year at their level of 31 October 1973, expressed
                                                                    in Italian lira .
Having regard to the Treaty establishing the European
Economic Community and in particular Article 103
thereof ;                                                           2. Amounts payable by Italy in accordance with the
                                                                    rules relating to the common organization of the
Having regard to the proposal from the Commission ;                 market in sugar shall on account of other interven­
Whereas Council Regulation ( EEC) No 2958 /73 (') of                tions on the domestic market be fixed by reference to
31 October 1973 on the exchange rate to be applied                  the effects of the measures referred to in paragraph I.
in agriculture for the Italian lira has fixed a representa­
tive rate for that currency entailing an increase in                                           Article 2
prices for agricultural produce in Italy ;
Whereas , the short-term economic situation makes                  The effects of the measures provided in Article 1 shall
such an increase for sugar unacceptable in the immed­               be taken into account when the monetary compensa­
iate future ; whereas, on the other hand , Italian prices           tory amounts applicable to sugar under Regulation
for this product can be adjusted within a reasonable               ( EEC) No 974/71 are fixed .
period of time, by reference to the beginning of the
marketing , year ;
                                                                                               Article. 3
Whereas it is necessary, furthermore, to ensure that
delays in the automatic adjustment of prices in Italy
will not lead to difficulties in trade ; whereas, to this           Detailed rules for the application of this Regulation ,
end, it is necessary to account in the monetary                     which may contain other derogations from the provi­
compensatory amounts introduced by Council Regula­                  sions governing the common organization of the
tion ( EEC) No 974/71 (-') of 12 May 1971 on certain                market in sugar, shall be adopted in accordance with
measures of conjunctural policy to be taken in agricul­             the procedure laid down in Article 40 of Council
ture following the temporary widening of the margins                Regulation No 1009/67/ EEC (4 ) of IS December 1967
of fluctuation for the currencies of certain Member                 on the common organization of the market in sugar,
States, as last amended by Regulation (EEC) No                      as last amended by Regulation ( EEC) No 1 928 /73 (5).
 1 225/73 (3), for the effects of delayed application of
the new price level ,
                                                                                               Article 4
HAS ADOPTED THIS REGULATION :
                                                                   This Regulation shall enter into force on the day of its
                                                                    publication in the Official Journal of the European
                           Article 1
                                                                    Communities.
 1 . The intervention price for sugar, and the
minimum prices for sugarbeet, applicable in Italy                   It shall have effect from 1 November 1973 .
               This Regulation shall be binding in its entirety and directly applicable in all Member
               States .
                Done at Brussels , 30 October 1 973 .
                                                                                For the Council
                                                                                  The President
                                                                               Ib FREDERIKSEN
(') See page I of til is Official Journal .
(-) O ) No L 106, 12 . 5 . 1971 , p . I.                           C ) OJ No 308 , 18 . 12 . 1 967, p. 1 .
(3) OJ No L 1 25 , U.S. 1 973 , p. 49 .                            (') OJ No L 199, 19. 7. 1973, p. 7.