CELEX: 31974R1847
Language: en
Date: 1974-07-15 00:00:00
Title: Regulation (EEC) No 1847/74 of the Council of 15 July 1974 on certain measures to be taken in agriculture in respect of Italy, following the fixing of a new representative rate for the Italian lira

18. 7. 74                                 Official Journal of the European Communities                             No L 195/ 1
                                                                   I
                                                (Acts whose publication is obligatory)
                                REGULATION ( EEC) No 1847/74 OF THE COUNCIL
                                                           of 15 July 1974
              on certain measures to be taken in agriculture in respect of Italy, following the
                                 fixing of a new representative rate for the Italian lira
THE COUNCIL OF THE EUROPEAN                                           May 1971 on certain measures of conjunctural policy
COMMUNITIES,                                                          to be taken in agriculture following the temporary
                                                                      widening of the margins of fluctuation for the curren­
Having regard to the Treaty establishing the European                 cies of certain Member States, as last amended by
Economic Community, and in particular Articles 28 ,                   Regulation ( EEC) No 3450/73 (7), is to be applied
43, 103 and 235 thereof ;                                             subject to the provisions referred to above ; whereas all
                                                                      the measures referred to above take effect on the date
Having regard to Council Regulation No 1 29 ( 1 ) on                  on which the measures taken within the meaning of
the value of the unit of account and the exchange                     Article 7 (5) of Commission Decision 74/287/EEC (8)
rates to be applied for the purposes of the common                    of 8 -May 1974 authorizing the Italian Republic to take
agricultural policy, as last amended by Regulation                    certain protective measures under Article 108 (3) of
(EEC) No 2543/73 (2), and in particular Article 3                     the EEC Treaty become applicable ;
thereof ;
Having regard to the proposal from the Commission ;
                                                                      Whereas, furthermore, Article 2 (2) of Regulation
Having regard to the Opinion of the European Parlia­                  ( EEC) No 1424/74 provides that the amounts of the
                                                                      durum     wheat    and   olive-oil  subsidies are  for the
ment ;
                                                                       1974/75 marketing year to be converted using the
Whereas Council Regulation (EEC) No 2958 /73 (3) of                   representative rate for the Italian lira applicable on 28
31 October 1973 on the exchange rate applied in agri­                 January 1974 ; whereas, under Article 2a of the same
culture for the Italian lira, as last amended by Regula­              Regulation , Article 4b of Regulation ( EEC) No 974/71
tion (EEC) No 1 685/74 (4), fixed a representative rate               is no longer to apply in respect of pigmeat as from 1
for that currency which should have led to a certain                  July 1974 ;
increase in the prices of agricultural products in Italy ;
Whereas Article 2 ( 1 ) of Council Regulation (EEC) No                Whereas, in view of the urgency of the matter, some
1424/74 (5) of 6 June 1974 amending in particular                     of the measures referred to above were adopted under
Regulation (EEC) No 2958 /73 on the exchange rate                     Article 103 of the Treaty ; whereas they should now
applied in agriculture for the Italian lira, as amended               be made part of the common agricultural policy ;
by Regulation ( EEC) No 1685/74, provides that as                     whereas since these measures are to operate together,
regards products for which the 1974/75 marketing                      they should be brought together in a single instru­
year has not yet started, the intervention and purchase               ment ;
prices applicable in Italy are to be increased by
 12-5 % until that marketing year starts, except for the
durum wheat and olive-oil subsidies, which are to be
converted using the representative rate for the Italian               Whereas the Monetary Committee will be consulted
lira applicable on 28 January 1974 ; whereas Article                  on the questions concerning the representative rate
4b of Council Regulation ( EEC) No 974/71 (6) of 12                    for the Italian lira ; whereas, in view of the urgency of
                                                                      the matter, the measures envisaged should be adopted
(») OJ No 106, 30 . 10. 1 962, p. 2553/ 62.                            under the conditions laid down in Article 3 (2) of
(2) OJ  No  L 263 , 19 . 9 . 1973, p. 1 .                              Regulation No 129,
(*) OJ  No L  303 , 1 . 11 . 1973 , p. 1 .
(") OJ  No  L 176,  30 . 6 . 1974, p. 1 .
(5) OJ  No L  150 , 7. 6 . 1974, p. 39 .                              (7) OJ No L 353, 22. 12. 1973, p. 25.
(') OJ  No  L 106,  12 . 5.1971 , p. 1 .                              (8) OJ No L 152, 8 . 6 . 1974, p. 18 .
 ---pagebreak--- No L 195/2                                Official Journal of the European Communities                           18 . 7. 74
HAS ADOPTED THIS REGULATION :                                       graph, except for the durum wheat and olive-oil
                                                                    subsidies.
                            Article 1
                                                                     2.    The amounts of the durum wheat and olive-oil
The following is added to Article 1 (2) of Regulation               subsidies shall for the 1974/75 marketing year be
(EEC) No 2958/73 :                                                  converted using the representative rate for the Italian
                                                                    lira applicable on 28 January 1974.
       '(d) 100 Italian lira = 0-124844 unit of account
            from a date to be fixed under the procedure              3.    The measures referred to in this Article shall
            laid down in Article 108 (3) of the Treaty ; this        apply from the date referred to in Article 1 .
            date shall coincide with the date on which the
            measures taken within the meaning of Article                                    Article 3
            7 (5) of the Commission Decision of 8 May
            1974 (') become applicable. In respect of               With effect from 1 July 1974, Article 4b of Regula­
            sugar, however, the representative rate shall           tion (EEC) No 974/71 shall no longer apply in respect
            take effect on 1 July 1974.'                            of pigmeat.
                            Article 2                                                       Article 4
 1 . As regards products for which the 1974/75                      This Regulation shall enter into force on the day
marketing year has not yet started, the intervention                 following its publication in the Official Journal of
and purchase prices applicable in Italy shall be                     the European Communities.
increased by 12-5% until that marketing year starts.
                                                                     It shall, with effect from their dates of entry into
Article 4b of Regulation (EEC) No 974/71 shall be                    force, replace Regulation (EEC) Nos 1424/74 and
applied subject to the provisions of the first subpara­             (EEC) No 1685/74, which are hereby repealed .
                  This Regulation shall be binding in its entirety and directly applicable in all Member
                  States .
                  Done at Brussels, 15 July 1974.
                                                                                 For the Council
                                                                                  The President
                                                                               Christian BONNET
 ( i ) OJ No L 152. 8 . 6 . 1974, p. 18 .