CELEX: 31977R0723
Language: en
Date: 1977-04-05 00:00:00
Title: Council Regulation (EEC) No 723/77 of 5 April 1977 amending Regulation (EEC) No 557/76 as regards the exchange rate to be applied in agriculture for the Danish kroner

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31977R0723

Council Regulation (EEC) No 723/77 of 5 April 1977 amending Regulation (EEC) No 557/76 as regards the exchange rate to be applied in agriculture for the Danish kroner  

Official Journal L 088 , 06/04/1977 P. 0008 - 0008

++++COUNCIL REGULATION ( EEC ) NO 723/77  OF 5 APRIL 1977  AMENDING REGULATION ( EEC ) NO 557/76 AS REGARDS THE EXCHANGE RATE TO BE APPLIED IN AGRICULTURE FOR THE DANISH KRONER  THE COUNCIL OF THE EUROPEAN COMMUNITIES ,  HAVING REGARD TO THE TREATY ESTABLISHING THE EUROPEAN ECONOMIC COMMUNITY ,  HAVING REGARD TO COUNCIL REGULATION NO 129 ON THE VALUE OF THE UNIT OF ACCOUNT AND THE EXCHANGE RATES TO BE APPLIED FOR THE PURPOSES OF THE COMMON AGRICULTURAL POLICY ( 1 ) , AS LAST AMENDED BY REGULATION  ( EEC ) NO 2543/73 ( 2 ) , AND IN PARTICULAR ARTICLE 3 THEREOF ,  HAVING REGARD TO THE PROPOSAL FROM THE COMMISSION ,  WHEREAS COUNCIL REGULATION ( EEC ) NO 557/76 OF 15 MARCH 1976 ON THE EXCHANGE RATES TO BE APPLIED IN AGRICULTURE AND REPEALING REGULATION ( EEC ) NO 475/75 ( 3 ) , AS LAST AMENDED BY REGULATION ( EEC ) NO 651/77 ( 4 ) , FIXED A REPRESENTATIVE RATE FOR THE DANISH KRONER ; WHEREAS THE MOVEMENT OF THIS CURRENCY INDICATES THE ADVISABILITY OF FIXING A NEW REPRESENTATIVE RATE WHICH WOULD REFLECT MORE CLOSELY THE REAL CURRENT ECONOMIC SITUATION ;  WHEREAS THE MONETARY COMMITTEE WILL BE CONSULTED ; WHEREAS , IN VIEW OF THE URGENCY OF THE MATTER , THE PROPOSED MEASURES SHOULD BE ADOPTED IN THE MANNER PROVIDED FOR IN ARTICLE 3 ( 2 ) OF REGULATION NO 129 ,  HAS ADOPTED THIS REGULATION :  ARTICLE 1  IN ARTICLE 2 ( 1 ) OF REGULATION ( EEC ) NO 557/76 , POINT  ( B ) SHALL BE REPLACED BY THE FOLLOWING :   " ( B ) FOR THE DANISH KRONER :  ONE DANISH KRONER = 0,122877 UNIT OF ACCOUNT " .  ARTICLE 2  THE FOLLOWING PARAGRAPH SHALL BE ADDED TO ARTICLE 2 OF REGULATION ( EEC ) NO 557/76 :   " 8 . THE REPRESENTATIVE RATE FOR THE DANISH KRONER SHALL APPLY FROM 6 APRIL 1977 . "  ARTICLE 3  THIS REGULATION SHALL ENTER INTO FORCE ON THE DAY OF ITS PUBLICATION IN THE OFFICIAL JOURNAL OF THE EUROPEAN COMMUNITIES .  THIS REGULATION SHALL BE BINDING IN ITS ENTIRETY AND DIRECTLY APPLICABLE IN ALL MEMBER STATES .  DONE AT LUXEMBOURG , 5 APRIL 1977 .  FOR THE COUNCIL  THE PRESIDENT  D . OWEN  ( 1 ) 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 .  ( 4 ) OJ NO L 82 , 31 . 3 . 1977 , P . 4 .