CELEX: 51974PC1445
Language: en
Date: 1974-09-06
Title: Proposal for a REGULATION (EEC) OF THE COUNCIL amending Regulation (EEC) No 974/71 on certain measures of conjunctural policy to be token in agriculture following the temporary widening of the margins of fluctuation for the currencies of certain Member States (submitted to the Council by the Commission)

ARCHIVES HISTORIQUES
DE LA COMMISSION
COLLECTION RELIEE DES
DOCUMENTS "COM"
COM (74) 1445
Vol. 1974/0233
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 ---pagebreak---  COMMISSION OF THE EUROPEAN COMMUNITIES
                                            COM(74)1445 final
                                            Brussels , 6 , September 1974
                           Proposal for a
                   REGULATION ( EEC ) OF THE COUNCIL
      amending Regulation ( EEC ) No 974/71 on certain measures
      of conjunctural policy to be token in agriculture
      following the temporary widening of the margins of
      fluctuation for the   currencies   of certain Member States
           ( submitted to the Council by the Commission )
001.1(74 ) 1445 final
 ---pagebreak--- Unrevised translation                                         vi/2770/74-E
                                Proposal for a
                    REGULATION ( EEC ) OP THE COUNCIL
        amending Regulation ( EEC ) No 974/71 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 States
      THE COUNCIL OP THE EUROPEAN COMMUNITIES ,
      Having regard to the Treaty establishing the European        Economic Community ,
      and in particular Articles 28 , 43 > and 235 thereof ;
     Having regard to t>he proposal from the Commission ;
     Having regard to the Opinion of the European Parliament ;
     Whereas under Article 2 of Council Regulation ( EEC ) No 974/71            of 12 Way
                          • - ,   ~   ....   /   \ -, - . – r  ( 2.)
     1974 , as last amended by Regulation ( EEC ) No 3450/ 73        » for the currencies
     of all the Member States the compensatory amount is calculated by taking into
     account the difference in the case of a given currency between its real
     value and its               t value for the purposes of the common agricultural
     policy ;
     Whereas this system means that national prices are kept at different levels ;
     whereas the return to a single price system can be facilitated by measures to
     bring national prices into line with the common price ;
     Whereas this aim can be achieved by reducing the compensatory amounts in those
     Member States whose currencies have not kept within a maximum spread , at
     any given moment , of 2.25$.
     Whereas , however , it is j necessary to aot with caution in order to avoid
     disturbing the markets of the other Member States ;                    '''
     [I    OJ No L 106 , 12.5.1971 , p . 1
           OJ No L 353 , 22.12.1973 , p . 25
 ---pagebreak---                                                   VI/2770/74-E
                                - 2 -
   Whereas , under Article 4a ( 2 ) of Regulation ( EEC ) No 974/71 , in trade
   "between the Member States and with third countries , the compensatory
   amounts applicable due to the decrease in value of the currency concerned
   may not be higher than the charge on products imported from third countries ;
   Whereas difficulties have arisen as a result of applying this rule ;
   whereas in certain cases it has caused deflection of trade and distortion
   of competition ; whereas , moreover , the situation on the world market
   is very different from that existing at the time when the rule in question
  was introduced ; whereas in these circumstances it appears desirable to
   repeal it ;
  HAS ADOPTED THIS REGULATION :
                                    Article 1
v The following sentence is added to Article 2(l)(b ) of Regulation ( EEC )
v No 974/71 :
               "However , this mean shall be reduced by 2 points".
                                    Article 2
  The following shall be repealed                        _              ,, .
      ( a) Article 4a(2 ) of Regulation ( EEC ) No 974/71 ,
      (b) Council Regulation (EEC) No 885/73 ^ of 31 March 1973 on the
            non-application of the first subparagraph of Article 4a ( 2 ) of
            Regulation ( EEC ) No 974/71 to sugar , and
      ( c ) Council Regulation ( EEC ) NO 1695/73      of 25 June 1973 determining to
            what extent the monetary compensatory amounts applicable to beef and
            veal by reason of the depreciation of a currency may be higher than
            the charge on imports from third countries .
                                    Article 3
 This Regulation shall enter into force on 1 October 1974 *
 This Regulation shall be binding in its entirety and directly applicable
 in all Member States .
 Done at Brussels ,                                          For the Council
                                                              The President
 ( 1 ) OJ No L 86 , 31.3.1973 , p. 35
 ( 2 ) OJ. No L 173 , 28.6.1973 , p. 1