CELEX: 31974R2497
Language: en
Date: 1974-10-02 00:00:00
Title: Regulation (EEC) No 2497/74 of the Council of 2 October 1974 supplementing Regulation (EEC) No 974/71 on certain measures of conjunctural policy to be taken in agriculture following the temporary widening of the margins of fluctuation for the currencies of certain Member States

3. 10. 74                          Official Journal of the European Communities                          No L 268/5
                             REGULATION (EEC) No 2497/74 OF THE COUNCIL
                                                 of 2 October 1974
              supplementing Regulation (EEC) No 974/71 on certain measures of conjunctural
              policy to be taken in agriculture following the temporary widening of the
                      margins of fluctuation for the currencies of certain Member States
THE COUNCIL OF THE EUROPEAN                                   HAS ADOPTED THIS REGULATION :
COMMUNITIES,
                                                                                      Article 1
Having regard to the Treaty establishing the European
Economic Community, and in particular Articles 28,            With effect from 21 October 1974 the application of
43 and 235 thereof ;                                          Article 4a (2) of Regulation (EEC) No 974/71 shall be
                                                              suspended.                    /                          1
Having regard to the proposal from the Commission ;
                                                              The Council, acting on a proposal from the Commis­
Having regard to the Opinion of the European                  sion in accordance with the voting procedure under
Parliament ;                                                  Article 43 (2) of the Treaty, may decide that the appli­
Whereas, under Article 4a (2) of Regulation (EEC) No          cation of this provision, in part or in whole, shall be
974/71 , in trade between the Member States and with          reintroduced.
third countries, the compensatory amounts applicable                                   Article 2
due to the decrease in value of the currency
concerned may not be higher than the charge on                The following subparagraph is added to Article 2 ( 1 )
products imported from third countries ;                      (b) of Regulation (EEC) No 974/71 :
Whereas difficulties have arisen as a result of applying           'However, this average shall be reduced by one
this rule ; whereas its application has caused deflection          point for the purposes of the calculation of the
of trade and distortion of competition ; whereas, more­            compensatory amount applicable until 28
over, the situation on the world market differs consid­            February 1975 to the export from Ireland to third
erably from that existing when the rule in question                countries of products in the beef and veal sector.'
was introduced ; whereas in these circumstances it                                     Article 3
appears desirable to suspend its application ;
                                                              The following shall be repealed :
Whereas, bearing in mind the particularly difficult
situation existing at present for producers of beef and       (a) Council Regulation (EEC) No 885/73 (3) of 31
veal in Ireland, certain measures to improve the                   March 1973 on the non-application of the first
income of such producers should be taken ; whereas                 subparagraph of Article 4a (2) of Regulation (EEC)
this objective may be attained by providing for the                 No 974/71 to sugar, and
temporary reduction of the compensatory amounts               (b) Council Regulation (EEC) No 1695/73 (4) of 25
applicable to the export of certain products from                  June 1973 determining to what extent the mone­
 Ireland to third countries ; whereas, therefore, Article           tary compensatory amounts applicable to beef and
 2 of Council Regulation (EEC) No 974/71 (l) of 12                 veal by reason of the depreciation of a currency
 May 1971 on certain measures of conjunctural policy                may be higher than the charge on imports from
 to be taken in agriculture following the temporary                 third countries .
 widening of the margins of fluctuations for the curren­                               Article 4
 cies of certain Member States, as last amended by
 Regulation (EEC) No 3450/73 (2), should be supple­            This Regulation shall enter into force on 7 October
 mented accordingly,                                           1974.
               This Regulation shall be binding in its entirety and directly applicable in all Member
               States .
               Done at Luxembourg, 2 October 1974.
                                                                            For the Council
                                                                             The President
                                                                             Ch . BONNET
 0) OJ No L 106, 12. 5. 1971 , p. 1 .                          0 OJ No L 86, 31 . 3. 1973, p. 35.
 (2) OJ No L 353, 22. 12. 1973, p. 25.                         (4) OJ No L 173, 28 . 6. 1973, p. 1 .