CELEX: 31973R1225
Language: en
Date: 1973-05-10 00:00:00
Title: Regulation (EEC) No 1225/73 of the Council of 10 May 1973 amending Regulation (EEC) No 974/71 on the application in Italy of a system of compensatory amounts in the agricultural sector

11 . 5. 73                                Official Journal of the European Communities                           No L 125/49
                                REGULATION (EEC) No 1225/73 OF THE COUNCIL
                                                          of 10 May 1973
                amending Regulation (EEC) No 974/71 on the application in Italy of a system of
                                   compensatory amounts in the agricultural sector
THE COUNCIL OF THE EUROPEAN                                              referred to in Article 1 (2) and, as regards the wine
COMMUNITIES,                                                             sector, the price at which intervention measures
                                                                         are taken, shall be increased in Italy by a correc­
Having regard to the Treaty establishing the European                    tive equal to 1 % of the prices concerned.
Economic Community and in particular Articles 28,
43 and 235 thereof ;                                                     2. The corrective referred to in paragraph 1
                                                                         shall in so far as is necessary be reflected in the
Having regard to the proposal from the Commission ;                      amounts which Italy must pay in accordance with
Having regard to the Opinion of the European Parlia­                     regulations on the common organization of agricul­
ment ;                                                                   tural markets following other interventions on the
                                                                         internal market.
Whereas it appears possible to reduce the size of
compensatory amounts currently applied in trade with                     3. Compensatory amounts applicable in trade
Italy ; whereas the application of a corrective having                   with Italy shall be reduced :
the effect of an         increase   in    the intervention or
                                                                         (a) for products in respect of which provision is
purchase price appears to be a suitable measure for                           made     for  intervention   measures    in  the
effecting this reduction ; whereas Council Regulation                         common organization of agricultural markets,
(EEC) No 974/71 of 12 May 1971 (J) on certain                                 by the amount obtained when applying para­
measures of conjunctural policy to be taken in agricul­                       graph 1 ;
ture following the temporary widening of the margins
of fluctuation for the currencies of certain Member                      (b) for products or goods whose price depends on
States as last amended by Regulation (EEC) No                                 that of products referred to in subparagraph (a)
111 2/73 (2) should be amended to that effect ;                               and which either come under the common
                                                                              organization of the markets or are subject to
                                                                              special trade arrangements, by the incidence
HAS ADOPTED THIS REGULATION :                                                 on the price of the product or goods
                                                                              concerned of the reduction of the compensa­
                            Article 1                                         tory amount on the price of the product
                                                                              referred to in (a) on which it depends.'
The following article shall be added to Regulation
(EEC) No 974/71 :                                                                             Article 2
       Article 4b
                                                                    This Regulation shall enter into force the day
       1 . The intervention or purchase prices valid for             following its publication in the Official Journal of
      the 1973/ 1974 marketing year for products                     the European Communities.
                This Regulation shall be binding in its entirety and directly applicable in all Member
                States .
                Done at Brussels, 10 May 1973 .
                                                                                  For the Council
                                                                                   The President
                                                                                     A. LAVENS
( i ) OJ No L 106, 12. 5 . 1971 , p . 1 .
P) OJ No L 114, 30 . 4. 1973, p . 4.