CELEX: 31973R3450
Language: en
Date: 1973-12-17 00:00:00
Title: Regulation (EEC) No 3450/73 of the Council of 17 December 1973 amending Regulation (EEC) No 974/71 as regards the level of prices for agricultural products in Italy following developments in the monetary situation

22 . 12 . 73                              Official Journal of the European Communities                          No L 353 /25
                                    REGULATION (EEC) No 3450/73 OF THE COUNCIL
                                                       of 17 December 1973
                 amending Regulation (EEC) No 974/71 as regards the level of prices for agricultural
                             products in Italy following developments in the monetary situation
THE COUNCIL OF THE EUROPEAN                                          policy ; and Regulation (EEC ) No 2959/73 should
COMMUNITIES ,                                                        therefore be repealed , as its provisions are replaced
                                                                     by identical provisions in this Regulation with effect
Having regard to the Treaty establishing the Euro­                   from 1 November 1973 ;
pean Economic Community, and in particular Ar­
ticles 28 , 43 , 103 and 235 thereof ;
                                                                     Whereas Article 4 (ib ) of Regulation ( EEC ) No 974/
Having regard to the proposal from the Commission ;                  71 provided for a 1 °/o increase in Italian prices for
                                                                     the marketing year 1973 /74 and a corresponding
Having regard to the Opinion of the European Par­
                                                                     reduction in the monetary compensatory amounts ;
liament (*) ;                                                        whereas the effects of these measures should be in­
Whereas Council Regulation ( EEC) No 2958/73 (2 )                    corporated into the system now applicable,
of 31 October 1973 on the exchange rate applied in
agriculture for the Italian lire, fixed a representative
exchange rate for the Italian lire with effect from
                                                                     HAS ADOPTED THIS REGULATION :
1 November 1973 , a different rate being applied as
from 1 January 1974 ; whereas the application of
this rate would lead to some increase in the prices
of agricultural products on the Italian market, where­                                        Article 1
as it would appear desirable to lessen the impact of
this measure on the Italian economy as far as pos­                   Article 4 ( b ) of Regulation ( EEC ) No 974/71 shall
sible ;                                                              be replaced by the following :
Whereas in order to prevent this rise in prices, Coun­
cil Regulation (EEC ) No 2959/73 (3 ) of 31 October                      'Article 4 (b)
1973 , providing for certain short-term economic mea­
sures for sugar in Italy, following developments in                      1.     Except for the products referred to in the
the monetary situation , stipulated that the existing                    following paragraphs, the intervention and pur­
prices for sugar in Italy at 31 October 1973 should be                   chase prices applicable in Italy shall be fixed ,
maintained until the end of the current marketing                        until the end of the 1973 /74 marketing year, at
year ; whereas this Regulation also provided for this                    the level resulting frcrn the application of the
measure to be taken into account in the fixing of the                    provisions in force on 31 December 1973 , ex­
monetary compensatory amounts introduced by                              pressed in Italian lire .
Council Regulation ( EEC ) No 974/71 ( 4 ) of 12 May
1971 , on certain measures of conjunctural policy to                     The activating price for intervention measures
be taken in agriculture following the temporary                          as regards table wine shall be maintained until
                                                                         15 December 1974 at its level of 31 December
widening of the margins of fluctuation for the cur­
rencies of certain Member States , as last amended                       1973 , expressed in Italian lire .
by Regulation ( EEC ) No 1225 /73 ( 5 ) ;
                                                                         The intervention prices for sugar and the mini­
Whereas the circumstances that led to the adoption                       mum prices for sugarbeet applicable in Italy until
of Regulation ( EEC ) No 2959/73 also exists for pro­                    30 June 1974, shall be maintained at their level
ducts other than sugar, although in a less prominent                     of 31 October 1973 , expressed in Italian lire .
form ; whereas a similar solution is now essential in
order to limit the increase in prices resulting from                     2.     As regards eggs, poultry meat, ovalbumin
the representative rate to be applied on 1 January                       and lactalbumin , the effects of the measures re­
1974 ; whereas all these arrangements should be set                      ferred to in paragraph 1 shall be taken into ac­
within the framework of the common agricultural                          count up to the expiry of the 1973 /74 marketing
                                                                         year .
 ') OJ No C 105 , 4 . 12 . 1973 , p. 11 .
 *) OJ No L 303 , 1 . 11 . 1973 , p. 1 .                                 3.     Amounts payable by Italy in accordance
 3 ) OJ No L 303 , 1 . 11 . 1973 , p. 3 .
 4 ) OJ No L 106, 12 . 5 . 1971 , p. 1 .                                 with the rules on agricultural markets following
 5) OJ No L 125 , 11.5 . 1973 , p. 49 .                                  other interventions on the internal market shall
 ---pagebreak--- No L 353 16                       Official Journal of the European Communities                           22 . 12 . 73
   be fixed by reference to the effects of the mea­              effects of the measures referred to in paragraph 1
   sures referred to in paragraph 1 .                            shall be taken into account .'
   4.    For products in respect of which compensa­                                  Article 2
   tory amounts are to be applied under Article 1 ,
   the effects of the measures referred to in para­          This Regulation shall enter into force on the third
   graph 1 shall be taken into account when the              day following its publication in the Official Journal
   compensatory amounts are fixed .                          of the European Communities . It shall take effect on
                                                             1 January 1974 ; with regard to sugar, however, it
   5.    Where, in applying the regulations on the           shall take effect on 1 November 1973 . From that
   common organization of agricultural markets ,             date it shall replace Regulation ( EEC) No 2959/73
   prices on Italian markets are to be retained , the        which is hereby repealed .
             This Regulation shall be binding in its entirety and directly applicable in all Member
             States .
            Done at Brussels , 17 December 1973 .
                                                                         For the Council
                                                                          The President
                                                                          I. N0RGAARD