CELEX: 31974R1609
Language: en
Date: 1974-06-26 00:00:00
Title: Regulation (EEC) No 1609/74 of the Commission of 26 June 1974 amending Commission Regulation (EEC) No 834/74 laying down requisite provisions to prevent the sugar market being disturbed as a result of the price increase in this sector for the 1974/75 sugar marketing year

No L 170 /40                                Official Journal of the European Communities                              27 . 6 . 74
                                REGULATION (EEC) No 1609/74 OF THE COMMISSION
                                                            of 26 June 1974
               amending Commission Regulation (EEC) No 834/74 laying down requisite provi­
               sions to prevent the sugar market being disturbed as a result of the price
                               increase in this sector for the 1974/75 sugar marketing year
THE COMMISSION OF THE EUROPEAN                                        applicable until 30 June 1974 in this sector and the
COMMUNITIES,                                                          same price expressed in Italian lira based on the repre­
                                                                      sentative exchange rate applicable in this sector after
Having regard to the Treaty establishing the European                 that date ; whereas the fixing of a new representative
Economic Community ;                                                  exchange rate for the Italian lira makes it necessary to
                                                                      alter the amounts which have to be reduced from the
Having regard to Council Regulation (EEC) No
974/71 (') of 12 May 1971 on certain measures of                      amounts referred to above ;
conjunctural policy to be taken in agriculture                        Whereas the measures provided for in this Regulation
following the temporary widening of the margins of                    are in accordance with the Opinion of the Manage­
fluctuation    for the        currencies     of certain  Member
                                                                      ment Committee for Sugar,
States, as last amended by Regulation (EEC) No
3450/73 (2), and in particular Article 6 ;
                                                                       HAS ADOPTED THIS REGULATION :
Whereas the Council has decided to fix in the sugar
sector a new representative exchange rate for the
Italian lira :   100 Italian lira         =    0-124844 unit of                     *           Article 1
account, entering into force on 1 July 1974 ;
                                                                       In Article 5 of Regulation ( EEC) No 834/74 the
Whereas Article 5 of Commission Regulation (EEC)                      amount of '1 903 Italian lira' is replaced by the
No 834/74 (3) of 5 April 1 974 laying down requisite                  amount of '4 001 Italian lira' and the amount of '1 619
provisions to prevent the sugar market being                           Italian lira' is replaced by the amount of '3 403 Italian
disturbed as a result of the price increase in this sector             lira .'
for the 1974/75 sugar marketing year, amended by
Regulation ( EEC) No 1 495/74 (4), provides that Italy                                           Article 2
for sugar imported before 1 July 1974, but marketed
for consumption from this date, should grant for the                  This Regulation shall enter into force on the day of its
sugar in question the monetary compensatory amount                     publication in the Official Journal of the European
applicable on the day of importation reduced by the                    Communities.
difference between the intervention price expressed in
Italian lira based on the representative exchange rate                 It shall take effect on 1 July 1974.
               This Regulation shall be binding in its entirety and directly applicable in all Member
               States.
                Done at Brussels, 26 June 1974.
                                                                                  For the Commission
                                                                                      The President
                                                                                Francois-Xavier ORTOLI
(•)  OJ No  L  106, 12.    5. 1971 , p. 1 .
0    OJ No  L  353, 22.    12. 1973, p. 25 .
(*)  OJ No  L  99 , 9 . 4.  1974, p. 15 .
(•») OJ No  L  158 , 15 .  6 . 1974, p. 20 .