CELEX: 31973R0798
Language: en
Date: 1973-03-23 00:00:00
Title: Regulation (EEC) No 798/73 of the Commission of 23 March 1973 amending Regulation (EEC) No 648/73 on 'monetary' compensatory amounts

No L 76/ 18                           Official Journal of the European Communities                            24. 3 . 73
                                REGULATION (EEC) No 798/73 OF THE COMMISSION
                                                      of 23 March 1973
               amending Regulation (EEC) No 648/73 on 'monetary' compensatory amounts
THE COMMISSION OF THE EUROPEAN                                    Whereas, if variations between the spot market rate
COMMUNITIES,                                                      for the Danish Krone and this conversion rate are
                                                                  to be determined, there is a need to specify the spot
Having regard to the Treaty establishing the Euro­                market rate against the US dollar to be used for the
pean Economic Community ;                                         purpose of fixing compensatory amounts ;
Having regard to Council Regulation (EEC) No 974/                 Whereas Commission Regulation ( EEC) No
71 ( 1 ) of 12 May 1971 on certain measures of                    648/73 (4) laying down detailed rules for the applica­
conjunctural policy to be taken in agriculture                    tion of 'monetary' compensatory amounts should
following the widening of the margins of fluctua­                 therefore be supplemented accordingly ;
tion for the currencies of certain Member States, as              Whereas the measures provided for in this Regula­
last amended by Regulation (EEC) No 509/73 (2),                   tion are in accordance with the Opinions of the
and in particular Article 1 ( a) thereof ;                        Management Committees for Fruit and Vegetables,
                                                                  for Wine, for Oils and Fats, for Cereals, for Pigmeat,
Whereas, pursuant to Article 1 , ( 1 ) ( a) of Regulation         for Poultrymeat and Eggs, for Sugar, for Milk and
(EEC) No 974/71 , if an exchange rate other than                 Milk Products, for Beef and Veal, for products
that corresponding to the parity of the currency of              processed from Fruit and Vegetables, for Tobacco,
a Member State is used for the purpose of conver­                 for Flax and Hemp, and for Fishery Products ;
sions between units of account and that currency,
Article 1 ( 1 ) applies by analogy where, for the
                                                                  HAS ADOPTED THIS REGULATION :
currency in question, the average spot market rate
during a period to be determined differs by at least
1 % from the exchange rate used ;                                                         Article 1
Whereas Article 1 ( 1 ) of Council Regulation (EEC)               The following paragraph is added to Article 3 of
No 222/73 (3) on the exchange rates to be applied                 Regulation ( EEC ) No 648/73 :
in agriculture for the currencies of the new Member              '( g) for the Danish Krone : the average official rate
States specifies that, for Denmark, the exchange rate                  fixed in Copenhagen at noon on each working
to be applied for the conversion of prices and other                   day during official dealings presided over by the
amounts fixed by the Council is the rate which                         Nationalbank of Denmark.'
corresponds to the central rate for the Danish
Krone ;                                                                                   Article 2
Whereas Article 1 ( 1 ) ( a ) of Regulation ( EEC) No             This Regulation shall enter into force on 26 March
974/71 therefore covers the case of Denmark :                     1973 .
               This Regulation shall be binding in its entirety and directly applicable in all Member
               States .
               Done at Brussels, 23 March 1973 .
                                                                            For the Commission
                                                                               The President
                                                                          Francois-Xavier ORTOLI
(*) OJ No L 106 , 12.5 . 1971 , p. 1 .
(2 ) OJ No L 50, 23.2 . 1973 , p. 1 .
(•) OJ No L 27 , 1 . 2 . 1973 , p. 4 .                           (4 ) OJ No L 64, 9.3 . 1973 , p. 1 .