CELEX: 31973R2996
Language: en
Date: 1973-10-31 00:00:00
Title: Regulation (EEC) No 2996/73 of the Council of 31 October 1973 amending Regulation (EEC) No 2958/73 on the exchange rate applied in agriculture for the Italian lira

1 . 11 . 73                               Official Journal of the European Communities                         No L 305/7
                                 REGULATION (EEC) No 2996/73 OF THE COUNCIL
                                                        of 31 October 1973
              amending Regulation (EEC) No 2958/73 on the exchange rate applied in agricul­
                                                      ture for the Italian lira
THE COUNCIL OF THE EUROPEAN                                          reference to the relevant harvest ; whereas the afore­
COMMUNITIES,                                                         said Article 2 should be supplemented by a provision
                                                                     to this effect,
Having regard to the Treaty establishing the European
Economic Community ;
                                                                     HAS ADOPTED THIS REGULATION :
Having regard to Council Regulation No 129 (*) on
the value of the unit of account and the exchange                                            Article 1
rates to be applied for the purposes of the common
agricultural policy, as last amended by Regulation                   Article 2 (2) of Regulation (EEC) No 2958 /73 is
(EEC) No 2543/73 (2), and in particular Article 3                    replaced by the following :
thereof ; '                                                              '2. however
Having regard to the proposal from the Commission ;                      — the second subparagraph of Article 4(1 ) of
Whereas Article 2 of Council Regulation (EEC) No                             Regulation (EEC) No 1134/68 shall not apply
2958/73 (3) of 31 October 1973 on the exchange rate                          when the representative rate specified in
applied in agriculture for the Italian lira provides for                     Article 1 (2) (b) of this Regulation is intro­
                                                                             duced,
the application of Articles 4 and 6 of Council Regula­
tion (EEC) No 11 34/68 (4) of 30 July 1968 . Laying                      — by way of derogation from Articles 4 and 6 of
down rules for the implementation of Regulation                              Regulation (EEC) No 1 1 34/68 the exchange
(EEC) No 653/68 on conditions for alterations to the                         rate to be applied to prices and amounts fixed
value of the unit of account used for the common agri­                       in respect of raw tobacco harvested before
cultural policy ;                                                            1974 shall be the rate applicable on 31
                                                                             October 1973 '.
Whereas these provisions result in increases in Italian                               ;
lira of all amounts fixed in units of account in cases
                                                                                             Article 2
where the event by virtue of which the amount
becomes payable occurs after 31 October 1973 ;                       This Regulation shall enter into force on the day of its
                                                                     publication in the Official Journal of the European
Whereas, since the prices and amounts fixed for                       Communities.
tobacco in units of account apply to a given harvest,
the exchange rate to be used should be determined by                 It shall apply with effect from 1 November 1973 .
              This Regulation shall be binding in its entirety and directly applicable in all Member
              States .
               Done at Brussels, 31 October 1973 .
                                                                                  For the Council
                                                                                   The President
                                                                                 lb FREDERIKSEN
(')  OJ  No 106, 30 . 10 . 1962, p. 2553 /62 . •
(2)  OJ  No L 263 , 19 . 9 . 1973, p. 1 .
(3)  OJ  No L 303 , 1.11 . 1973 , p. 1 .
(■») OJ  No L 188 , 1 . 8 . 1968 , p. 1 .