CELEX: 31974R0214
Language: en
Date: 1974-01-25 00:00:00
Title: Regulation (EEC) No 214/74 of the Commission of 25 January 1974 defining additional measures to be taken in agriculture following the fixing of a new representative rate for the Italian lira and the floating of the French franc and amending Regulation (EEC) No 3494/73

26 . 1 . 74                              Official Journal of the European Communities                           No L 22/ 53
                               REGULATION ( EEC) No 214/74 OF THE COMMISSION
                                                       of 25 January 1974
               defining additional measures to be taken in agriculture following the fixing of a
               new representative rate for the Italian lira and the floating of the Franch franc
                                        and amending Regulation (EEC) No 3494/73
THE COMMISSION OF THE EUROPEAN                                      tural market regulation in respect of other forms of
COMMUNITIES,                                                        intervention on the internal market are being fixed ;
                                                                    whereas appropriate steps should also be taken to
                                                                    ensure that other amounts applicable in connection
Having regard to the Treaty establishing the European
Economic Community ;                                                with the organization of markets in the various agricul­
                                                                    tural products are, where this is rendered necessary by
                                                                    the special economic situation of Italy, maintained at
Having regard to Council Regulation No 136/                         the level, expressed in lira, valid on 31 December
66/EEC (') of 22 September 1966 on the establish­                    1973, or on 31 October 1973 in the case of sugar ;
ment of a common organization of the market in oils                 whereas, to this end, Commission Regulation (EEC)
and fats, as last amended by Regulation (EEC) No                    No 3494/73 (9) of 21 December 1973 defined addi­
 1707/73 (2) ;                                                      tional measures to be taken in agriculture following
                                                                    the fixing of a new representative rate for the Italian
                                                                    lira ;
Having regard to Council Regulation (EEC) No
974/71 (3) of 12 May 1971 on certain measures of
conjunctural policy to be taken in agriculture
following the temporary widening of the margins of
 fluctuation    for  the    currencies     of  certain Member       Whereas the measures provided for in that Regulation
States, as last amended by Regulation (EEC) No                      were tailored to the situation resulting from the fixing
 3450/73 (4), and in particular Article 6 thereof ;                  of a representative rate applicable from 1 January
                                                                     1974 ; whereas however Regulation (EEC) No 197/74
                                                                     introduced a new representative rate for the lira which
 Having regard to Council Regulation (EEC) No                        will apply from 28 January 1974 ; whereas the provi­
 1 569/72 (5) of 20 July 1972 laying down special                    sions of Commission Regulation (EEC) No 3494/73
 measures for colza and rape seed, as last amended by                and of Commission Regulation (EEC) No 2300/73 ( 10)
 Regulation (EEC) No 3477/73 (6), and in particular                  of 23 August 1973 on detailed rules for applying the
 Article 7 thereof ;                                                 differential amounts for colza and rape seed, as both
                                                                     last amended by Regulation (EEC) No 3491 /73 ( u );
 Whereas Council Regulation (EEC) No 2958 /73 (7) of
 31 October 1973, as last amended by Regulation
 (EEC) No 1 97/74 (8), fixed a representative rate for the
 Italian lira applicable in agriculture with effect from             Whereas, in view of the fact that the French franc is
 28 January 1974 ; whereas however Article 4b of Regu­               floating, the most representative spot market rates
 lation (EEC) No 974/71 , and Article 5a of Regulation               should be used for the purpose of calculating compen­
 (EEC) No 1569/72 in the case of colza and rape seed,                satory amounts ; whereas to this end Commission
 stipulate that the intervention or buying-in prices                 Regulation (EEC) No 1463/73 of 30 May 1973 ( 12)
 valid in Italy are, until the end of the 1973/74                    laying down detailed rules for the application of
 marketing year, fixed at the level, expressed in lira,              'monetary' compensatory amounts, as last amended by
 resulting from the provisions in force on 31                        Regulation ( EEC) No 3482/73 ( 13) and No 2300/73
 December 1973 ; whereas there are however some                      must be supplemented ;
 exceptions to this rule ;
 Whereas the said Articles require the incidence of the              Whereas the measures provided for in this Regulation
  measures referred to above to be taken into account
                                                                     are in accordance with the Opinion of the Manage­
 when amounts to be paid by Italy under the agricul­                  ment Committees for Oil and Fats, for Cereals, for
                                                                      Milk and Milk Products, for Seeds, for Wine , for Fruit
 (i)  OJ  No 172, 30 . 9 . 1966, p . 3025/ 66.                        and Vegetables and for Sugar,
 (2)  OJ  No L 175, 29 . 6. 1973 , p. 5.
 P    OJ  No L 106, 12. 5 . 1971 , p. 1 .
 («)  OJ  No L 353, 22. 12. 1973 , p. 25 .                           H OJ No L 357, 28 . 12. 1973 , p. 35 .
 (5 ) OJ  No L 167, 25 . 7. 1972, p. 9 .                             ( 10) OJ No L 236, 24. 8 . 1973, p. 28 .
 (*-) OJ  No L 357, 28 . 12. 1973, p. 6 .                            0 1 ) OJ No L 357, 28 . 12. 1973 , p. 31 .
 (7)  OJ  No L 303 , 1 . 11 . 1973, p. 1 .                            ( 12) OJ No L 146, 4. 6 . 1973 , p. 1 .
 (8)  See page 2 of this Official Journal .                           (» 3) OJ No L 357 28 . 12. 1973 , p. 14.
 ---pagebreak--- No L 22/ 54                       Official Journal of the European Communities                              26 . 1 . 74
HAS ADOPTED THIS REGULATION :                                                           Article 2
                        Article 1
                                                              The following is hereby added to Article 3 of Regula­
1.     Regulation (EEC) No 3494/73 is hereby                  tion (EEC) No 1463/73 and to Article 4 of Regulation
amended as follows with effect from 28 January 1974 :         (EEC) No 2300/73 :
1 . The coefficient 0-9587 appearing in Article 2 is              '(c) for the French franc : the mean of the official
        replaced by 0-9129 ;                                           rates fixed each working day during official
                                                                       dealings on the Paris foreign exchange market.
2. The coefficient 0-9683 appearing in Article 3 is
    replaced by 0-9221 ;
3 . The coefficient 0-9218 appearing in Article 4 1 (A)                                 Article J
    is replaced by 0-8778 .
2. With effect from 28 January 1974 the coefficient           This Regulation shall enter into force on the day of its
0-9683 appearing in Article 8a of Regulation (EEC)            publication in the Official Journal of the European
No 2300/73 is replaced by the coefficient 0-9221 .            Communities.
               This Regulation shall be binding in its entirety and directly applicable in all Member
               States .
               Done at Brussels, 25 January 1974.
                                                                         For the Commission
                                                                             The President
                                                                        Francois-Xavier ORTOLI