CELEX: 31976R3206
Language: en
Date: 1976-12-21 00:00:00
Title: Council Regulation (EEC) No 3206/76 of 21 December 1976 amending Regulation (EEC) No 557/76 on the exchange rates to be applied in agriculture for the Irish pound

No L 362/4                                Official Journal of the European Communities                          31 . 12. 76
                                          COUNCIL REGULATION (EEC) No 3206/76
                                                        of 21 December 1976
               amending Regulation (EEC) No 557/76 on the exchange rates to be applied in
                                                  agriculture (or the Irish pound
 THE COUNCIL OF THE EUROPEAN                                         HAS ADOPTED THIS REGULATION :
 COMMUNITIES,
 Having regard to the Treaty establishing the European                                           Article 1
 Economic Community,
 Having regard to Council Regulation No 129 on the                   Point (e) of Article 2 ( 1 ) of Regulation (EEC) No
 value of the unit of account and the exchange rates to              557/76 is replaced by the following :
 be applied for the purposes of the common agricul­                       '(e) for the Irish pound :
 tural policy ^), as last amended by Regulation (EEC)
 No 2543/73 (2), and in particular Article 3 thereof,                          £1 (Irish) = 1-44212 units of account
 Having regard to the proposal from the Commission,
 Whereas Council Regulation (EEC) No 557/76 of 15                                                Article 2
 March 1976 on the exchange rates to be applied in
 agriculture and repealing Regulation (EEC) No                       The following paragraph is added to Article 2 of Regu­
 475/75 (3), as last amended by Regulation (EEC) No                  lation (EEC) No 557/76 :
 2596/76 (4), fixed the representative rate for the Irish
 pound ; whereas the movement of this currency indi­                     '6. The representative rate for the Irish pound
 cates the advisability of fixing a new representative                   fixed in Article 1 ( 1 ) of Regulation (EEC) No
 rate which would reflect more closely the real current                   3206/76 shall apply from 17 January 1977.'
 economic situation ;
 Whereas   the Monetary Committee will be consulted ;                                            Article 3
 whereas,  in view of the urgency of the matter, the
 proposed   measures should be adopted in the manner                 This Regulation shall enter into force on 17 January
 provided   for in Article 3 (2) of Regulation No 129,               1977 .
               This Regulation shall be binding in its entirety and directly applicable in all Member
               States .
               Done at Brussels, 21 December 1976 .
                                                                                    For the Council
                                                                                      The President
                                                                              A. P. L. M. M. van der STEE
(>) OJ No   106, 30 . 10 . 1962, p . 2553/62.
(2) OJ No   L 263 , 19 . 9 . 1973 , p. 1 .
(3) OJ No   L 67, 15. 3 . 1976, p . 1 .
(«) OJ No   L 296, 27. 10 . 1976, p . 11 .