CELEX: 31969R2464
Language: en
Date: 1969-12-09 00:00:00
Title: Regulation (EEC) No 2464/69 of the Council of 9 December 1969 on measures to be taken in agriculture as a result of the revaluation of the German mark

Official Journal of the European Communities                                   527
  No L 312/4                         Official Journal of the European Communities                              12.12.69
                                  REGULATION (EEC) No 2464/69 OF THE COUNCIL
                                                  of 9 December 1969
               on measures to be taken in agriculture as a result of the revaluation of the German mark
  THE COUNCIL OF THE EUROPEAN COMMUNITIES,                       HAS ADOPTED ' THIS REGULATION :
 Having regard to the Treaty establishing the                                           Article 1
 European Economic Community, and in particular
 Articles 42 and 43 thereof;                                    1.    Aid granted to German agricultural producers
                                                                under    the  conditions   set   out  below   shall  be
 Having regard to the proposal from the Commission ;            considered to be compatible with the common
                                                                market.
 Having regard to the Opinion of the European
 Parliament;
                                                                2. Such aid may be granted up to the amount of
 Whereas, by virtue of Article 2 of Council Regulation          DM 1700 million for each budgetary year from 1970
 No 1291 on the value of the unit account and the               to 1973 inclusive. The Community shall contribute to
 exchange rates to be applied for the purposes of the           the financing of such aid on a decreasing scale as
 common agricultural policy, as amended by                      provided by Article 2.,
 Regulation (EEC) No 653/68,2 the revaluation of the
German mark and the present unaltered value of the             3. Aid may be granted in the form of direct aids to
 unit of account entail a reduction in agricultural             agricultural producers in so far as they are not
 prices expressed in German marks, which are fixed in           calculated on the basis of the price or the quantity of
 units of account under the common agricultural                 the product.
policy; whereas, as a result of transitional measures,
 the price reduction should become fully effective              Aid may be granted partly in the form of an advance
from 1 January 1970; whereas German agriculture                to the agricultural producer when he sells his
 will thereby suffer a loss of income;                         products, subject to a maximum of 3% of the selling
                                                               price, to be paid either by the buyer or by an agency
Whereas on the basis of current data on the value of           to be appointed by the competent national
                                                               authorities .
 the unit of account and on the prices and quantities
 of the agricultural products in question, such loss of
income can be estimated at DM 1700 million a year;             4.    The Federal Republic of Germany shall take
                                                               appropriate structural or social measures to offset the
Whereas provision should be made for the Federal               decreasing financial support from the Community.
Republic of Germany to grant aid by way of
compensation for such losses in the form of direct aid         5 . The procedural provisions of Article 93 of the
to agricultural producers;                                     Treaty shall apply to the aid referred to in this
                                                               Article.
Whereas the aid proposed must be granted only
during a specified period, it being possible to ensure
the continuation of aid through measures of social or                                 Article 2
structural policy;
                                                               The    Guarantee    Section    of  the   EAGGF     shall
Whereas the Community should, through the                      contribute to the financing of the measures referred
EAGGF, contribute on a decreasing scale to the                 to in Article 1 by making the following payments to
financing of the proposed aid;                                 the Federal Republic of Germany:
                                                               90 million units of account under the 1971 budget;
1 OJ No 106, 30.10.1962, p. 2553/62.
2 OJ No L 123 , 31.8.1968 , p. 4.                              60 million units of account under the 1972 budget.
 ---pagebreak---  528                              Official Journal of the European Communities
After examining the financial state of the Guarantee         post-revaluation economic trends in German
Section of the EAGGF, the Commission may propose             agriculture resulting from the measures taken by the
to the Council that such measures be financed under          German Government.
the 1973 budget, up to a maximum amount of 30
million units of account.                                    The Council shall, in the light of the development of
                                                             the common agricultural policy, decide on
                                                             appropriate measures to be taken, in accordance with
                      Article 3                              the procedure laid down in Article 43 (2) of the
                                                             Treaty.
The Federal Republic of Germany shall submit an
annual report to the Commission on the effect of the                                 Article 4
measures taken on German agricultural income.
                                                             This Regulation shall enter into force on the third
Before the end of 1973 the Council shall examine, on         day following its publication in the Official Journal
the basis of a report from the Commission,                   of the European Communities.
             This Regulation shall be binding in its entirety and directly applicable in all Member
             States .
             Done at Brussels, 9 December 1969.
                                                                                   For the Council
                                                                                    The President
                                                                                  J. M. A. H. LUNS