CELEX: 51979PC0493
Language: en
Date: 1979-09-14
Title: Proposal for a COUNCIL REGULATION (EEC) amending, with respect to the German mark and the currencies of the Benelux countries, Regulation (EEC) No 878/77 on the exchange rates to be applied in agriculture (presented by the Commission to the Council)

ARCHIVES HISTORIQUES
DE LA COMMISSION
COLLECTION RELIEE DES
DOCUMENTS "COM"
COM (79) 493
Vol. 1979/0170
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 ---pagebreak---  COMMISSION OF THE EUROPEAN COMMUNITIES
                                                 COM ( 79 ) 493 final
                                                 Brussels , 14 September 1979
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  V
                                    Proposal for a
                               COUNCIL REGULATION ( EEC )
         amending / with respect to the German mark and the currencies of the
         Benelux countries . Regulation ( EEC ) No 878 / 77 on the exchange rates
                             to be applied in agriculture
               (presented by the Commission to the Council )
C0M(79 ) 493 final
 ---pagebreak---                               EXPLANATORY MEMORANDUM
In the seeds sector the amount of the aid for the 1979-80 marketing year was
fixed in 1978 , and application of the new representative rates decided on by
the Council of 22 June 1979 for Germany and the Benelux countries would lead
to a fall in national currency .
                                               '        I ■
This proposal postpones the application of the new representative rates to the
beginning of 1980-81 marketing year in the seeds sector in order to remedy
this situation .
 ---pagebreak---                                           PROPOSAL FOR
                             COUNCIL REGULATION ( EEC ) No      /79
                                 of
         amending , with respect to the German mark and the currencies of the
       Benelux countries , Regulation ( EEC ) No 878 /77 on the exchange rates 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 ,
                                                        I ' • '    1
Having regard to the proposal from the Commission , :
Whereas the representative rates currently applicable were fixed by Council
Regulation ( EEC ) No 878/77 of 26 April 1977 , < 3), as Last amended by
Regulation ( EEC ) No 1266 / 79 ( 4 ); whereas the dates of entry
into force of such representative rates were fixed by thei.same
provisions ; whereas , in the seeds sector , it would appear preferable
to take account of the fact that the aid which may currently be
granted was fixed for a period of two marketing years by delaying the entry into
effect of the new representative rates until the beginning of the 1980/81
marketing year for currencies whose representative rates have been revalued ;
Whereas the Monetary Committee will be consulted and whereas , in view of the
urgency of the situation , it is appropriate to adopt the measures envisaged
under the conditions provided for in Article 3(2 ), of Regulation No 129 ,
( 1 ) 0J No  106 , 30.10.1962 , p. 2553/62
( 2 ) 0J  No L 263 , 19.9.1973 , p. 1                   'i
( 3 ) 0J  No L 106 , 29 . 4.1977 , P - 27
W 0J      No L 161 , 29.6.1979 , p. 4
 ---pagebreak---                                              - 2 -
HAS ADOPTED THIS REGULATION :
                                           Article 1
In Article 2a of Regulation ( EEC ) No 878 /77 , paragraph 7 shall be replaced by
following paragraph :
n7 . By way of derogation from paragraph 2 as regards
      ( a ) the Belgian franc and the Luxembourg franc , the representative rate
             of 1 Belgian franc /Luxembourg franc = 0.0246335 ECU ;
      ( b ) the German mark , the representative rate of 1 German mark = 0.359271
             ECU ;
      (c)    the Nether lands guilder , the representative rate of 1 Netherlands
             guilder = 0.357252 ECU
      shall apply with effect from :
      - 1 July 1979 for the isoglucose sector ;
      - 1 August 1979 for the eggs , poultry , ovalbumin and lactalbumin sector ;
      - 1 November 1979 for the pigmeat sector ;
      - 16 December 1979 for the wine sector ;
         however , other dates may be fixed for distillation operations ;
      - 1 January 1980 for the fishery products sector ;
      - 1 July 1980 for the seeds sector ;               !
      - the beginning of the 1979 /80 marketing year for other products for which
          the marketing year has not begun on the date of the entry into force of
          Regulation ( EEC ) No 1265 /79 ;
      - 2 July 1979 in all other cases .               1
      However , as regards the milk and milk products sector , the representative
      rate referred to in paragraph 2 shall remain valid" . ;
                                           Article 2
This Regulation shall enter into force on the day of its publication in the Official
 Journal of the European Communities.                      –
-It– shaUr-
 This Regulation shall be binding in its entirety and directly applicable      in all
 Member States .
Done at Brussels ,                                            For the Council