CELEX: 51987PC0147
Language: en
Date: 1987-03-26
Title: Proposal for a COUNCIL REGULATION (EEC) amending Regulation (EEC) No 1676/85 on the value of the unit of account and the conversion rates to be applied for the purposes of the common agricultural policy (presented by the Commission)

ARCHIVES HISTORIQUES
DE LA COMMISSION
COLLECTION RELIEE DES
DOCUMENTS "COM"
COM (87) 147
Vol. 1987/0058
 ---pagebreak--- Disclaimer
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 ---pagebreak--- COMMISSION OF THE EUROPEAN COMMUNITIES
                                                COM(87 ) 147 final
                                                Brussels , 26 March 1987
                                    Proposal for a
                             COUNCIL REGULATION ( EEC )
         amending Regulation ( EEC ) No 1676 / 85 on the value of the
           unit of account and the conversion rates to be applied
             for the purposes of the common agricultural policy
                        ( presented by the Commission )
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C0M(87 ) 147 final
 ---pagebreak---                          EXPLANATORY MEMORANDUM
1. The Commission has presented to the Council a proposal for a Regulation
   introducing the ECU as unit of account for CAP purposes on a permanent
   basis ( COM(8?)73 final ).
   This proposal was based in Article 43 of the Treaty .
2. In view of the urgency of the matter    and in order to avoid the
   untoward consequences of a decision not being taken , in the view of the time
   necessary to implement the procedure provided for in Article 43 of the
   Treaty , interim measures should be adopted on the basis of Article 103
   of the Treaty .
3. The purpose of this proposal is to introduce such measures .
 ---pagebreak---                                            δ
                                   Proposai for
                     COUNCIL REGULATION
                    amending Regulation ( EEC ) No 1676 /85
            on the value of the unit of account and the conversion
      rates to be applied for the purposes of the common agricultural policy
THE COUNCIL OF THE EUROPEAN COMMUNITIES ,
Having regard to the Treaty establishing the European Economic Community ,
and in particular Article 103 thereof ,
                                                         1
Having regard to the proposal from the Commission ,
Whereas Article 1(1 ) of Council Regulation ( EEC ) No 1676/85 provides that the
unit of account to be used in the legal instruments relating to the common
agricultural policy is to be the ECU as defined by Council Regulation ( EEC )
No 3180/78 of 18 December 1978 changing the value of the unit of account used
by the European Monetary Cooperation Fund^, as last amended by Regulation ( EEC )
            L.
No 2626/84 ; whereas , however , Article 15(2 ) of Regulation ( EEC ) No 1676 /85
stated that the said Article 1(1 ) was to be valid until 31 March 1987 only ;
Whereas , on the basis of the functioning of of the agri-monetary system
since the introduction of the ECU as agricultural unit of account , that time
limit may now be abandoned ;
Whereas the Commission has proposed to the Council that the ECU should be
introduced into the common agricultural policy on a permanent basis ; whereas ,
in view of the urgency of the matter and in order to avoid the untoward
consequences of a decision not being taken , in view of the time necessary to
carry out the procedure laid down in Article 43 of the Treaty , interim measures
should be adopted ,
( 1 ) OJ Ko C                   ( 2 ) OJ No L 164 , 24.6.1985 , p.1
( 3 ) OJ No L 379 , 30.12.1978 , p.1      ( 4 ) OJ No L 247 , 16.9.1984 , p.1
 ---pagebreak--- HAS ADOPTED THIS REGULATION :
                            Article 1
In article 15 ( 2 ) of Regulation ( EEC ) N° 1676 / 85 " 31 March 1987 " shall
be replaced by " 30 September 1987 ".
                            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
in all Member States .
Done at Brussels                  1987 .                   For the Council