CELEX: 51974PC1059
Language: en
Date: 1974-07-02
Title: AMENDED PROPOSAL FOR A REGULATION (EEC) OF THE COMMISSION on certain measures to be taken in agriculture in Italy following the fixing of a new representative rate for the Italian lira (presented by the Commission to the Council pursuant to the second paragraph of Article 149 of the EEC Treaty)

ARCHIVES HISTORIQUES
DE LA COMMISSION
COLLECTION RELIEE DES
DOCUMENTS "COM"
COM (74) 1059
Vol. 1974/0174
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 ---pagebreak--- COMMISSION OF THE EUROPEEN COMMÏMIÏISS
                                                           COM(74) 1059 final
                                                           Brussels ., 2 July 1974
           AMENDED PROPOSAL FOR A REGULATION ( EEC ) OP THE COMMISSION
           on certain measures to "be taken in agriculture in Italy
   follow ing    the fixing of a new representative rate for the Italian lira
   (present o CL "by the Commission to the Council pursuant to the second
    pa r      . F of Article 149 of the ESC Treaty)
   COMC74 ) 1059 final
 ---pagebreak---                                                           VI/2337/74-E
                   '  E7JLANAT0EY K3KORA3DUÏI
The Commission has transmitted to tne Council a proposal for a
Regulation .
It now appears that the following amendments should be made thereto .
In its original proposal , the Commission had suggested a 10% devaluation
rate for the " green lira".    In the light of economic developments , it
appears preferable to make that rate 12.5/j .          The Commission is making the
appropriate amendment to its proposal for a Regulation under Article 43
of the Treaty .
At the Council Meeting of 17/l8 June 1974 » it appeared desirable that ,
as regards pigmeat , Italy should effect the price " adjustments" now ,
instead of on 1 November 1974r          start of the marketing year , as
provided by Article 4b of Regulation (EEC ) No 974/71              of 12 May 1971 »
as last amended by Regulation (EEC ) No 3450/73             • Under the proposal as
at present drafted , an adjustment x-jould remain to be made on 1 November n r :
to take account of the previous devaluation .           The Commission is amending
its proposal accordingly .
Article 1 of Council Regulation (EEC ) Mb 2958/73              of 31 October 1973 on
the exchange rate applied in agriculture for the Italian lira , as last
                                               A)
amended by Regulation (EEC ) No 1424/74         c > , makes provision for
representative rates for the Italian lira to be applied with effect from
1 November 197 3 r 1 January 1974 and. 23 January 1974°         Moreover , tinder
Article l(2)(d) of that Regulation, a neu representative rate is to take
effect on a date to be fi::ed under the procedure laid down in Article
108(3 ) of the Treaty , this date to coincide with the abolition of the
deposit system currently being applied in Italy .           Because such abolition
takes effect after 30 June I974 f the application of the new representative
rate would lead to an undesired change for sugar in the 1974/75
marketing year which begins on 1 July 1974 •           Accordingly it appeared to be
desirable that , in respect of sugar , such application should coincide with
the opening date of such marketing year .
To take account of all these problems ; and of certain amendments of a
formal nature , the Commission considered it appropriate to make
amendments to its original proposal under Article 149(2 ) of the Treaty .
To simplify matters a new draft is attached incorporating the amendments
into the original proposal .
( 1 ) OJ No L 106 , 12.5.1971 , -0 . 1     ( 3 ) OJ No L 303 , 1.11.1973 , p . 1
( 2 ) OJ No L 353 , 22.12.1973 , p . 25    ( 4 ) OJ No LI50 , 7.6.1974 , p . 39
 ---pagebreak---        MLEJTDI5D PROPOSAL FOR A REGULATION (EEC ) NO    OF THE COMMISSION
                        of
       on certain measures to oe taken in agriculture in Italy
       following the fixing of a new representative rate for the
       Italian lira .
THE COUNCIL OF THE EUROPEAN COMMUNITIES ,
Having regard to the Treaty establishing the European Economic Community ,
and in particular Articles 28 , 43 , 103 and 235 thereof ;
Having regard to Council Regulation No 129         on the value of the unit of
account and the exchange rate to be applied for the purposes of the common
                                                                          ( 2)
agricultural policy , as last amended by Regulation (EEC ) No 2543/73          , and
in particular Article 3 thereof ;
Having regard to the proposal from the Commission ;
Having regard to the Opinion of the European Parli?.ment ;
Whereas Council Regulation (EEC ) No 2953/73         of 31 October 1973 on the
exchange rate applied in agriculture for the Italian lira , as last amended
by Regulation (EEC ) No        /74     fixed a representative rate for that
currency which should have resulted in a certain increase in the prices of
agricultural prices in Italy ;
Whereas Article 2(l ) of Council Regulation (EEC) NO 1424/74 ^ of 6 June 1974
amending in particular Regulation (EEC ) No 2958/7 3 on the exchange rate              j
applied in agriculture for the Italian lira , as amended by Regulation (EEC )
No       /74, provides that as regards products for which the 1974/75 narketiiil
year has not yet started , the intervention and purchase prices applicable
in Italy are to be increased by 12.5/j until that marketing year starts ,            :
except for the durum wheat and olive oil subsidies , which are to be converted
using the representative rate for the Italian lira applicable on 23 January !
1974 ;
(l ) OJ No 106 , 30.10.1962 , p . 2553/62
( 2 ) OJ No L 263 , 19.9.1973 , p. 1
( 3) OJ No L 303, 1.11.1973, p. 1
(4) OJ No L
( 5 ) OJ No L 150 , 7.6.1974 , P. 39
 ---pagebreak---                                                              VI/2337/74-E
                                  - 2 -
                                     /   \     ./    f6 )
Whereas Article 4b of Regulation (EEC ) No 974/71         on certain measures
of conjunctural policy to be taken in agriculture following the temporary
widening of the margins of fluctuation for t:e currencies of certain Member
                                                            (7 )
States, as last amended by Regulation (ESC ) No 3450/ 73         » is "to be applied
subject to the provisions referred to above ;     whereas all the measures
referred to above enter into effect on the date on which the decision
                                                                              (8)
provided for in Article 7(5 ) of the Commission Decision of 8 May 1974
authorising the Italian Republic to take certain protective measures under
Article 108(3 ) of the EEC Treaty becomes applicable ;
Whereas, furthermore, Article 2(2 ) of Regulation (EEC ) No 1424/74 provides
that the durum wheat and olive oil subsidies are for the 1974/75 marketing
year to be converted using the representative rate for the Italian lira
applicable on 28 January 1974 » whereas , under Article 2a of the same
Regulation, Artide 4b of Regulation (EEC ) No 974/71 is to cease to apply
in respect of pigmeat on 1 July 1974 ?
Whereas , in view of the urgency of the situation some of the measures
referred to above were adopted under Article 103 of the Treaty ; whereas they
should now be made part of the common agricultural policy ; whereas since all
these measures are to operate together , they should be brought together in a
single instrument ;
Whereas the Monetary Committee will be consulted on the questions concerning
the representative rate for the Italian lira and , in view of the urgency of
the situation, the measures envisaged should be adopted under the Conditions
laid down in Article 3(2 ) of Regulation No 129 ,
HAS ADOPTED THIS REGULATION :
                                  Article 1
The following text is added to. Article l(2 ) of Regulation (EEC ) No 2958/73 :
( 6 ) 0J No L 106 , 12.5.1971 , p. 1
( 7 ) 0J No L 353 , 22.12.1973 , p. 25
 ---pagebreak---                                                        VI/2 337/ 74-E
                                  - 3 -
"(d ) 100 Italian lira = 0.124-344 units of account with effect from a date
       to bo fixed under the procedure laid down in Article 108 ( 3 ) of the
       Treaty , this date to coincide with the date on which the measures
       taken within the meaning of Article 7(5 ) of the Commission Decision
                      / oN
       of 8 May 1974       authorising the Italian Republic to take certain
       protective measures tinder Article 108(3 ) of the Treaty become applicable .
       In respect of sugar , however , this representative rate shall take
       effect on 1 July 1974".
                                 Article 2
1.   As regards products for which the 1974/ 75 marketing year has not yet
started , the intervention and purchase prices applicable in Italy shall be
increased by 12.5/o until that marketing year starts .
Article 4b of Regulation (EEC ) Ho 974/7^ shall be applied subject to the
provisions of the first paragraph , except for the durum \-rhcat and olive oil
subsidies .
2.   The amounts of the durum wheat and olive oil subsidies shall for the
1974/75 marketing year be converted using the represontative rate for the
Italian lira applicable on 28 January 1974 «
3.   The measures referred to in this Article shall apply     from the date referred
to in Article 1 .
                                 Article 3
The provisions of Article 4b of Regulation (EliC ) No 974/71 shall in respect
of pigmcat cease to apply on 1 July 1974 *
                                 Article 4
T.   This Regulation shall enter into force on the day following its publication
in the Official Journal of the European Communities .
2 . It shall with effect from 10 June 1974 replace Regulation (EEC ) Mb 1424/74>
since the latter has been repealed .
This Regulation shall be binding in its entirety and directly applicable in all
Member States .
Bone a*fc Brusscls ,                                         For the Council
                                                              The Président
TF} OJ No L 152 , 8.6.1974 , p. 18