CELEX: 31976R1020
Language: en
Date: 1976-04-29 00:00:00
Title: Council Regulation (EEC) No 1020/76 of 29 April 1976 amending Regulation (EEC) No 557/76 as regards the exchange rate to be applied to the Italian lira in agriculture

No L 115/66                              Official Journal of the European Communities                               1 . 5. 76
                                       COUNCIL REGULATION (EEC) No 1020/76
                                                        of 29 April 1976
              amending Regulation (EEC) No 557/76 as regards the exchange rate to be
                                           applied to the Italian lira in agriculture
THE COUNCIL OF THE EUROPEAN                                         HAS ADOPTED THIS REGULATION :
COMMUNITIES,
                                                                                             Article 1
Having regard to the Treaty establishing the European
Economic Community,                                                 In Article 2 ( 1 ) of Regulation (EEC) No 557/76, point
                                                                   (f) is replaced by the following :
Having regard to Council Regulation No 129 on the                       '(f) for the Italian lira :
value of the unit of account and the exchange rates to                        Lit 100 = 0 103842 unit of account ;'.
be applied for the purposes of the common agricul­
tural policy (!), as last amended by Regulation (EEC)                                        Article 2
No 2543/73 (2), and in particular Article 3 thereof,
                                                                    The following paragraph is added to Article 2 of Regu­
Having regard to the proposal from the Commission,                  lation (EEC) No 557/76 :
Whereas Council Regulation (EEC) No 557/76 of 15                        '3. The representative rate of the Italian lira as
March 1976 on the exchange rates to be applied in                        fixed by Regulation (EEC) No 1020/76 shall
agriculture and repealing Regulation (EEC) No                           apply :
475/75 (3), as amended by Regulation (EEC) No                           (a) from the dates shown in (a), (b) and (c) of para­
650/76 (4), fixed a representative rate for the Italian                      graph 2 for the products mentioned therein ;
lira ; whereas the movement of the Italian lira has indi­               (b) from the beginning of the 1976/77 marketing
cated the advisability of fixing a new representative                        year for the other products for which the
rate which reflects more closely the present economic                        marketing year has not commenced by 3 May
situation ; whereas this rate should be applied in prin­                      1976
ciple from the dates on which a price change occurs ;                    (c) from 3 May 1976 in all other cases.'
Whereas the Monetary Committee will be consulted                                              Article 3
and whereas, in view of the urgency, the measures
envisaged should be adopted in accordance with the                  This Regulation shall enter into force on the day of its
conditions laid down in Article 3 (2) of Regulation No              publication in the Official Journal of the European
 129 ,                                                               Communities.
              This Regulation shall be binding in its entirety and directly applicable in all Member
              States.
               Done at Luxembourg, 29 April 1976.
                                                                                  For the Council
                                                                                   The President
                                                                                   J. HAMILIUS
 (>) OJ No  106, 30 . 10 . 1962, p. 2553/62.
 0   OJ No  L 263 , 19 . 9 . 1973 , p. 1 .
 (3) OJ No  L 67, 15. 3 . 1976, p. 1 .
 (4) OJ No  L 79 , 25 . 3 . 1976, p. 1 .