CELEX: 31976R1451
Language: en
Date: 1976-06-22 00:00:00
Title: Council Regulation (EEC) No 1451/76 of 22 June 1976 amending Regulation (EEC) No 557/76 on the exchange rates to be applied in agriculture

24 . 6 . 76                                Official Journal of the European Communities                             No L 163 / 5
                                          COUNCIL REGULATION (EEC) No 1451 /76
                                                           of 22 June 1976
              amending Regulation (EEC) No 557/76 on the exchange rates to be applied in
                                                              agriculture
THE COUNCIL OF THE EUROPEAN                                            justified only if the persons concerned were placed at
COMMUNITIES,                                                           a disadvantage as a result of the fixing of the new
                                                                       representative rates ;
Having regard to the Treaty establishing the European
Economic Community,                                                    Whereas, if this right were widely exercised, it could
                                                                       in certain cases seriously hinder good Community
Having regard to Council Regulation No 129 on the                      administration of a given agricultural market ; whereas
value of the unit of account and the exchange rates to                 provision should therefore be made for it to be
be applied for the purposes of the common agricul­                     replaced by the right to compensation for the disad­
tural policy ( ! ), as last amended by Regulation (EEC)                vantage suffered,
No 2543/73 (2), and in particular Article 3 thereof,
Having regard to the proposal from the Commission,                     HAS ADOPTED THIS REGULATION :
Whereas Council Regulation (EEC) No 557/76 of 15                                                Article 1
March 1976 on the exchange rates to be applied in
agriculture and repealing Regulation (EEC) No                          The following subparagraph is hereby added to Article
475/75 (3), as last amended by Regulation (EEC) No                     5 (2) of Regulation (EEC) No 557/76 :
1020/76 (4), in particular extended to the cases                            'Provision may be made for this disadvantage to be
provided for in Regulation (EEC) No 557/76 certain                          compensated for by a suitable measure. In such a
provisions of Council Regulation (EEC) No 1134/68                           case, the provisions referred to in the first subpara­
of 30 July 1968 laying down rules for the implementa­                       graph shall not apply'.
tion of Regulation (EEC) No 653/68 on conditions for
alterations to the value of the unit of account used for
                                                                                                Article 2
the common agricultural policy (5) ; whereas, however,
as regards the right to cancel certificates or documents               This Regulation shall enter into force on the day of its
which refer to amounts fixed in advance, it was                        publication in the Official Journal of the European
provided that the exercise of such a right would be                     Communities.
               This Regulation shall be binding in its entirety and directly applicable in all Member
               States .
               Done at Luxembourg, 22 June 1976.
                                                                                     For the Council
                                                                                      The President
                                                                                      J. HAMILIUS
(')  OJ  No 106, 30 . 10 . 1962, p . 2553/62.
(2 ) OJ  No L 263 , 19 . 9 . 1973 , p. 1 .
(3 ) OJ  No L 67, 15 . 3 . 1976, p . 1 .
(")  OJ  No L 115, 1 . 5 . 1976, p. 66 .
(5   OJ  No L 188 , 1 . 8 . 1968 , p . 1 .