CELEX: 31974R0411
Language: en
Date: 1974-02-18 00:00:00
Title: Regulation (EEC) No 411/74 of the Council of 18 February 1974 on certain measures to be taken in agriculture for Italy as a result of the fixing, with effect from 28 January 1974, of a new representative rate for the Italian lira

20 . 2. 74                              Official Journal of the European Communities                           No L 47/ 1
                                                                I
                                              (Acts whose publication is obligatory)
                                 REGULATION (EEC) No 411 /74 OF THE COUNCIL
                                                      of 18 February 1974
               on certain measures to be taken in agriculture for Italy as a result of the fixing,
                with effect from 28 January 1974, of a new representative rate for the Italian lira
THE COUNCIL OF THE EUROPEAN                                         Whereas in order to avoid hindering the transactions
 COMMUNITIES,                                                       already entered into on the basis of Article 4(b) of
                                                                    Regulation (EEC) No 974/71 , the system resulting
 Having regard to the Treaty establishing the European              from    that  Article   should   be  maintained,  while
 Economic Community, and in particular Articles 28 ,                applying the effects of this Regulation to the prices
43, 103 and 235 thereof ;                                           resulting from that Article ; whereas the special situa­
                                                                    tion regarding sugar, for which supply contracts have
                                                                    already been concluded, and regarding wine and olive
 Having regard to the proposal from the Commission ;                oil, make it necessary to maintain the level of prices
                                                                    currently applicable,
 Having regard to the Opinion of the European Parlia­
 ment ;
Whereas Council Regulation (EEC) No 2958/73 (*) of                  HAS ADOPTED THIS REGULATION :
 31 October 1973 on the exchange rate applied in agri­
culture for the Italian lira, as last amended by Regula­
tion (EEC) No 1 97/74 (2), fixed for this currency, with
effect from 28 January 1974, a representative rate                                           Article 1
which should have led to a certain increase in the
prices of agricultural products in Italy ; whereas such a
                                                                    1 . Until the end of the 1973/74 marketing year for
consequence has been avoided, except in the beef and
                                                                    the product concerned, the intervention or purchase
veal sector, by means of Article 4 (b) of Council Regu­             prices applicable in Italy shall, with the exception of
lation (EEC) No 974/71 (3) of 12 May 1971 on certain
                                                                    those for wine, olive oil, sugar and tobacco be
measures of conjunctural policy to be taken in agricul­             increased by 5 % ;
ture following the temporary widening of the margins
of fluctuation for the currencies of certain Member
                                                                    — with effect from 28 January 1974 in the beef and
States, as last amended by Regulation (EEC) No                          veal sector,
3450/73 (4), according to which prices are in principle
to be maintained at the level applicable on 31                      — with effect from 25 February 1974 in the other
December 1973 ; whereas in the case of the beef and                     agricultural sectors.
veal sector Regulation (EEC) No 197/74 provided for
immediate consequential effects following the                       2. Article 4 (b) of Regulation (EEC) No 974/71
conjunctural situation ;                                            shall be applicable, taking into account paragraph 1 .
Whereas the reasons which led to an exception for
beef and veal are also valid, although less so, for other                                    Article 2
agricultural products ; whereas a similar solution is
therefore necessary ; whereas in addition the entire
system should be brought within the common agricul­                This Regulation shall enter into force on the day
tural policy ;                                                      following its publication in the Official Journal of
                                                                    the European Communities.
(») OJ  No  L 303, 1 . 11 . 1973, p. 1 .
(2) OJ  No  L 22, 26. 1 . 1974, p. 2.
(3) OJ  No  L 106, 12. 5. 1971 , p. 1 .                            As from 28 January 1974 it shall replace Article 2 of
(4) OJ  No  L 353, 22. 12. 1973, p. 25.                             Regulation (EEC) No 197/74 ; that Article is repealed.
 ---pagebreak--- No L 47/2                    Official Journal of the European Communities                        20 . 2. 74
          This Regulation shall be binding in its entirety and directly applicable in all Member
          States .
          Done at Brussels, 18 February 1974.
                                                                   For the Council
                                                                     The President
                                                                        J. ERTL