CELEX: 31973R3496
Language: en
Date: 1973-12-28
Title: Regulation (EEC) No 3496/73 of the Commission of 21 December 1973 on the monetary compensatory amounts applicable in Italy

No L 357/40                                  Official Journal of the European Communities                             28 . 12 . 73
                                 REGULATION ( EEC) No 3496/73 OF THE COMMISSION
                                                          of 21 December 1973
                                 on the monetary compensatory amounts applicable in Italy
THE COMMISSION OF THE EUROPEAN                                         Whereas monetary compensatory amounts are
COMMUNITIES,                                                            normally fixed with effect from a Monday and are
                                                                       based on the mean of spot market rates recorded over
                                                                       the period running from the previous Wednesday
Having regard to the Treaty establishing the European
                                                                       week to the previous Tuesday ; whereas, in view of the
Economic Community ;
                                                                        forthcoming holiday period, an exception should be
                                                                        made to this rule to facilitate administration and take
Having regard to Council Regulation (EEC) No                           account on the fact that foreign exchange markets will
974/ 71 (') of 12 May 1971 on certain measures of                      be closed ; whereas, therefore, the monetary compensa­
conjunctural policy to be taken in agriculture                          tory amounts for the first week of 1974 should be
following the temporary widening of the margins of                     based on data for the period from 12 to 18 December
fluctuation     for    the     currencies     of  certain  Member       1973 ;
States, as last amended by Regulation (EEC) No
3450/73 (2 ), and in particular Article 6 thereof ;                    Whereas there is a need to alter the coefficient which
                                                                        is applied to accession compensatory amounts, levies
Whereas the monetary compensatory amounts intro­                       and refunds in pursuance of Article 3 (3) of Commis­
duced by Regulation (EEC) No 974/71 were fixed by                       sion Regulation (EEC) No 1463 /73 ( 7) of 30 May 1973
Commission Regulation (EEC) No 2102/73 (3) of 31                        laying down detailed rules for the application of mone­
July 1973 , as last amended by Regulation ( EEC) No                     tary compensatory amounts, as last amended by Regu­
3452/ 73 (4) ;                                                          lation ( EEC) No 3257/73 (s) ; whereas this coefficient
                                                                        reflects the percentage difference referred to in Article
                                                                        2 of Regulation (EEC) No 974/71 which has altered
Whereas Council Regulation ( EEC) No 2958 /73 (5) of                   because of the new conversion rate to be taken into
31 October 1973, as amended by Regulation (EEC)                        consideration for the Italian lira as from 1 January
No 2996/73 (fa), fixed a representative conversion rate                 1974 ;
for the Italian lira to be applied in agriculture with
effect from 1 January 1974 ; whereas, however, the
new Article 4b of Regulation ( EEC) No 974/71 stipu­                   Whereas the measures provided for in this Regulation
lates that for products for which a marketing year is                  are in accordance with the Opinions of the Manage­
fixed the economic effects of this measure must, as a                   ment Committees for Wine, for Cereals, for Pigmeat,
general rule, be deferred to the beginning of the                       for Poultrymeat and Eggs, for Sugar, for Milk and Milk
1974/75 marketing year ; whereas to this end, under                     Products and for Beef and Veal ,
the    terms of that Article, the                intervention  and
buying-in prices valid in Italy are, until the end of the
1973/ 74 marketing year, fixed at the level , expressed
in lira, resulting from the application of provisions in                HAS ADOPTED THIS REGULATION :
force on 31 December 1973 ; whereas for products to
which monetary compensatory amounts apply, the
incidence of this measure must be taken into account
when such amounts are being fixed ;                                                                Art iclL- 1
Whereas this may be done by applying to prices                         The coefficient tor Italy appearing in Annex II to
resulting from the new conversion rate a percentage                     Regulation ( EEC) No 2102/7;? shall be replaced
representing, on the one hand, the difference between                  by 1·084 with effect from I January 1974.
spot market rates and the new representative rate for
the lira and , on the other hand , the difference
between Italian prices resulting from the different
exchange rates applicable on 31 December 1973 and                                                  Article 2
1 January 1974 ;
                                                                        I his Regulation shall enter into force on the day of its
 ') 0 | No L 106, 12 . 5 . 1971 , p . 1 .                              publication in the Official Journal of the European
 -) OJ   No L  .* 53 , 22 . 12. 1973, p. 25.                            Communities
    OJ  No  L  213,    1.8 . 1973, p. I.
 4) OJ  No  L  353,    22 . 12. 1973 , p. 29 .
 5) OJ  No  L  303 ,   1.11 . 1973, p. I.                              ( ) O ) No L 146 , 4 . 6 . 197 ?, p . I .
 6) OJ  No  L  305,    1 . I I. 1973 , p. 7.                           (s) Oj No L 331 , 1.12 . 1973 , p. 58 .
 ---pagebreak--- 28 . 12 . 73                    Official Journal of the European Communities                      No L 357/41
             This Regulation shall be binding in its entirety and directly applicable in all Member
             States .
             Done at Brussels, 21 December 1973 .
                                                                    For the Commission
                                                                        The President
                                                                   François-Xavier ORTOLI