CELEX: 51974PC0973
Language: en
Date: 1974-06-19
Title: Proposal for a REGULATION (EEC) OF THE COUNCIL amending Regulation (EEC) No 2958/73 on the exchange rate applied in agriculture for the Italian lira (submitted to the Council by the Commission)

ARCHIVES HISTORIQUES
DE LA COMMISSION
COLLECTION RELIEE DES
DOCUMENTS "COM"
COM (74) 973
Vol. 1974/0164
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 ---pagebreak--- COMMISSION OF THE EUROÎSAN COMMUMTIB;
                                                     COM(74 ) 973 final
                                                     Brussels , 19 June 1974
                               Proposai for a
                      REGULATION" (EEC ) OP THE COUNCIL
    amending Regulation (ESC ) No 2958/73 on the exchange rate applied
                    in agriculture for the Italian lira
               ( submitted to the Council "by the Commission )
    C0II(74 ) 973 final
 ---pagebreak---                           PROPOSE FOR A
           REGULATION (3JBC ) ITo       /74 OP THE COUNCIL
           amending Regulation (EEC ) No 2958/73 on the
           exchange rate applied in agriculture for the
           Italian lira .
THE COUNCIL OP THE EUROPEAN COMMUNE TIES ,
Having regard to the Treaty establishing the European Economic Community ,
and in particular Article 103 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 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 ;
Whereas , by Article 1 of Council Regulation (EEC ) No 295^/73       of
31 October 1973 on the exchange rate applied in agriculture for the Italian
lira , as last amended by Régulation (EEC ) NO 1424/74      , provision is
made for representative rates for the Italian lira to be applied with
effect from 1 November 1973 , 1 January 1974 and 28 January 1974 , whereas ,
under Article l(2)(d ) a new representative rate is to be applied with effect
from a date to be fixed under the procedure laid down in Article 108(3 )
of the Treaty , which date is to coincide with the date on which the
measures taken within the meaning of Article 7(5 ) of the Commission
          (5)
Decision w ' of 8 May 1974 become applicable ;
Whereas if the said measures should become applicable after 30 June 1974 ,
the entry into effect of the new representative rate would , in respect
of sugar , mean that an undesirable change would take place during the
1974/75 marketing year , which begins on 1 July 1974 ; whereas it should
therefore be ensured that , in respect of sugar , such entry into effect
coincides with the beginning of the marketing year ;
( 1 ) OJ No 106 , 30.10.1962 , p. 2553/62
( 2 ) OJ No L 263 , 19.19.1973 , -o . 1
( 3 ) OJ No L 303 , 1.11.1973 , o . 1
( 4 ) OJ No L 150 , 7.6.1974 , P. 39
( 5 ) OJ No L 152 , 8.6.1974 , ?. 18
 ---pagebreak--- Whereas the Monetary Committee will be consulted and whereas , in view
of their urgency , the proposed measures should he adopted in the manner
provided by Article 3(2 ) of Regulation No 129 ?
HAS ADOPTED THIS REGULATION :
                            Article 1
The following sentence is added to Article l(2)(d) of Regulation (EEC )
Uo 2958/735 "In respect of sugar , however , the representative rate
shall take effect on 1 July 1974" •
                            Article 2
This Regulation shall enter into force on the day of its publication in
"the Official Journal of the European Communities .
This Regulation shall be binding in its entirety and directly applicable
ill all Member States .
Done at Brussels ,                                        For the Council
                                                          The Président