CELEX: 31973R1150
Language: en
Date: 1973-05-02 00:00:00
Title: Regulation (EEC) No 1150/73 of the Commission of 2 May 1973 amending Regulation (EEC) No 648/73 laying down detailed rules for the application of 'monetary' compensatory amounts

3 . 5 . 73                                Official Journal of the European Communities                             No L 117/29
                               REGULATION (EEC) No 1150/73 OF THE COMMISSION
                                                            of 2 May 1973
               amending Regulation (EEC) No 648/73 laying down detailed rules for the application
                                                of monetary compensatory amounts
 THE COMMISSION OF THE EUROPEAN                                        Products Processed from Fruit and Vegetables, for
 COMMUNITIES,                                                         Tobacco, for Flax and Hemp and for Fishery
                                                                      Products ;
 Having regard to the Treaty establishing the Euro­
 pean Economic Community ;
                                                                       HAS ADOPTED THIS REGULATION :
 Having regard to Council Regulation (EEC) No 974/
  71 (*) of 12 May 1971 on certain measures of
  conjunctional policy to be taken in agriculture                                                 Article 1
  following the widening of the margins of fluctuation
 for the currencies of certain Member States, as last                 The following is added to Article 5 of Regulation
  amended by Regulation ( EEC) No 509/73 (2), and in                   (EEC) No 648/73 :
 particular Article 6 thereof ;                                           '4. Where the levy or the refund is to be
                                                                          increased or reduced as the case may be by
 Whereas Commission Regulation (EEC) No                                   'accession' compensatory amounts and 'mone­
 648/73 (3) of 1 March 1973 , as amended by Regula­                       tary' compensatory amounts and, at the same
 tion (EEC) No 798/73 (4), laid down detailed rules                       time, multiplied by a coefficient, the operations
 for applying the system of 'monetary' compensatory                       to be effected shall be the following :
 amounts ; whereas experience has shown that these
 rules should be further defined and supplemented ;                       ( a) the levy or the refund shall be multiplied by
                                                                                 the coefficient indicated for this purpose ;
 Whereas it is necessary in particular to specify the                      ( b ) the result shall be increased or reduced as
 order in which the various mathematical operations                              the case may be by the 'accession' compensa­
 should be effected where levies, any other charges                              tory amount, the latter not being multiplied
 on imports or refunds are to be multiplied by a                                 by the coefficient ;
  coefficient pursuant to Regulation (EEC ) No 648/73
 and increased or reduced by other amounts ;                              ( c) the amount arrived at in this way shall, after
                                                                                 conversion into national currency, be
 Whereas the provisions of the present Regulation                                increased or reduced as the case may be by
 should have applied from 13 February 1973 ;                                     the ' monetary' compensatory amount.'
 whereas they should therefore be made to apply as
 from that date at the request of the interested                                                  Article 2
 party ;
                                                                      1 . This Regulation shall enter into force on the
Whereas the measures provided for in this Regula­                     third day following its publication in the Official
tion are in accordance with the Opinions of the                       Journal of the European Communities.
Management Committees for Fruit and Vegetables,
 for Wine, for Oils and Fats, for Cereals, for                        2. However its provisions shall take effect from
Pigmeat, for Poultrymeat and Eggs, for Sugar, for                     13 February 1973 at the request of -the interested
Milk and Milk Products, for Beef and Veal, for                        party.
               This Regulation shall be binding in its entirety and directly applicable in all Member
               States .
               Done at Brussels, 2 May 1973 .
                                                                                   For the Commission
                                                                                      The President
                                                                                Francois-Xavier ORTOLI
(»)  OJ   No L 106, 12. 5 . 1971 , p . 1 .
(«)  OJ   No L 50, 23. 2. 1973, p. 1 .
(*)  OJ   No L 64, 9. 3. 1973, p. 1 .
(4)  OJ   No L 76, 23 . 3 . 1973 , p . 18 .