CELEX: 31972R0979
Language: en
Date: 1972-05-12 00:00:00
Title: Commission Regulation (EEC) No 979/72 of 12 May 1972 fixing the compensatory amounts provided for in 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

50                                    Official Journal of the European Communities
No L 113/2                            Official Journal of the European Communities                              15. 5 . 72
                                     COMMISSION REGULATION (EEC) No 979/72
                                                      of 12 May 1972
              fixing the compensatory amounts provided for in 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 COMMISSION OF THE EUROPEAN                                   subject of a specific arrangement under Article 235
COMMUNITIES,                                                     of the Treaty, the compensatory amounts are equal
                                                                 to the incidence, on the prices of the product
                                                                 concerned, of the application of the compensatory
Having regard to the Treaty establishing the                     amount to the prices of the products referred to in
European Economic Community,                                     the preceding recital, on which they depend;
Having regard to Council Regulation (EEC) No 974/                Whereas pursuant to the second subparagraph of
71 of 12 May 1971 on certain measures . of                       Article 1 (2) of Regulation (EEC) No 974/71 the
conjunctura'l policy to 'be taken in agriculture                 option referred to in Article 1 is exercised only where
following the temporary widening of the margins of               application of the monetary measures in question
fluctuation for the currencies       of certain Member           would lead to disturbances in trade in agricultural
States (*), and in particular Article 6 thereof,                 products; whereas, moreover, Artie1e 4 (2) of that
                                                                 Regulation specifies that no compensatory amount
Whereas Article 1 of Regulation (EEC) No 974/71                  is fixed for products for which the amount calculated
authorizes Member States, with the exception of                  in accordance with Article 2 is negligible in relation
Italy, to charge compensatory amounts on imports                 to their average value;
from other Member States and third countries and
to grant compensatory amounts on exports to                      Whereas the Commission, by Regulation (EEC) No
 Member States and third countries ;                              1013/71 of 17 May 1971 (2), as last amended by
                                                                 Regulation (EEC) No 978/72 (3), adopted detailed
Whereas Article 2 of that Regulation specifies that               rules for the application of Regulation (EEC) No
the compensatory amounts for the products covered                 974/71 ;
by intervention arrangements are equal to the                    Whereas it follows from applying the above criteria,
 amounts obtained by applying to the prices the                   account being taken pursuant to Article 1 (2) of
 percentage difference between :
                                                                  Regulation (EEC) No 1013/71 of the spot market
— the parity of the currency of the Member State                  rates recorded on 4, 5, 8 and 9 May 1972, the
    concerned declared to and recognized by the                   compensatory amounts should be fixed at the levels
    International Monetary Fund, on the one hand,                 specified in the Annex to this Regulation :
and
                                                                  Whereas, as far as trade between two Member
— the arithmetic -mean of the spot market rates of                States is concerned, the compensatory amount
    this currency against the US dollar during a                  applicable to a given product in one Member State
    period to be determined;                                      is reduced by the compensatory amount applied to
                                                                   that product in the other;
Whereas the same Artide stipulates that for products
whose price depends on the - price of the products"               Whereas the measures provided for in this Regulation
referred to above and which are governed by the                   are in accordance with the opinions of the
 common organization of the markets or are the
                                                                   (2) OJ No L 110, 18. 5. 1971, p. 8.
 H OJ No L 106, 12. 5. 1971 , p. 1 .                               (3) OJ No L 113, 15. 5. 1972, p. 1 .
 ---pagebreak---                                     Official Journal of the European Communities                                      51
Management Committees for Wine, for Cereals, for                                            Article 2
Pigmeat, for Poultrymeat and Eggs, for Sugar, for
Milk and Milk Products, for Beef and Veal, for
Products Processed from Fruit and Vegetables and                 1 . This Regulation sha'1'1 enter into force on the day
for Fisheries,                                                   of its publication in the Official Journal of the
                                                                 European Communities.
HAS ADOPTED THIS REGULATION :
                        Article 1                                2 . It shall take effect :
The compensatory amounts referred to in Article 1                — from 9 May, in respect of cereals,
of Regulation (EEC) No 974/71 are fixed in the                   — from a date to be fixed by the Commission, in
Annexes .                                                            respect of other products.
               This Regulation shall be binding in its entirety and directly applicable in all Member
               States.
               Done at Brussels, 12 May 1972.
                                                                                    For the Commission
                                                                                        The President
                                                                                     S. L. MANSHOLT
             The Annexes to this Regulation are not reproduced in this edition as they were repealed by
             Commission Regulation (EEC) No 2705/72 and replaced by the Annexes to that Regulation
              which appears on page 65 of this Official Journal.