CELEX: 31977R0651
Language: en
Date: 1977-03-29
Title: Council Regulation (EEC) No 651/77 of 29 March 1977 amending Regulation (EEC) No 557/76 as regards the exchange rate to be applied in agriculture for the French franc, the Irish pound and the Italian lira

No L 82/4                                  Official Journal of the European Communities                                31 . 3 . 77
                                            COUNCIL REGULATION (EEC) No 651 /77
                                                           of 29 March 1977
                amending Regulation ( EEC) No 557/76 as regards the exchange rate to be
                   applied in agriculture for the French franc , the Irish pound and the Italian lira
 THE COUNCIL OF THE EUROPEAN                                              '(d) for the French franc : 1 French franc =
 COMMUNITIES,                                                                    01 72995 unit of account,
 Having regard to the Treaty establishing the European                      (e) for the Irish pound : 1 Irish pound = 1-35190
                                                                                 units of account ;
 Economic Community,
                                                                            (f) for the Italian lira : 100 lire = 0-0970874 unit
 Having regard to Council Regulation No 129 on the                               of account .'
 value of the unit of account and the exchange rates to
 be applied for the purposes of the common agricul­                                              Article 2
 tural policy ('), as last amended by Regulation ( EEC)
 No 2543/73 (2), and in particular Article 3 thereof,                 The following paragraph shall be added to Article 2 of
                                                                      Regulation (EEC) No 557/76 :
 Having regard to the proposal from the Commission ,
                                                                          '7 . The representative rates for the French franc,
 Whereas Council Regulation (EEC) No 557/76 of 15                         the Irish pound and the Italian lira fixed in Article
 March 1976 on the exchange rates to be applied in                         1 of Regulation ( EEC) No 651 /77 shall apply
 agriculture and repealing Regulation (EEC) No                            from :
 475/75 (3 ), as last amended by Regulation ( EEC) No                    (a) 1 April 1977 for milk and milk products,
 3206/76 (4), fixed a representative rate for inter alia                        pigmeat and beef and veal ;
 the French franc, the Irish pound and the Italian lira ;
 whereas the movement of these currencies indicates                       (b) 1 August 1977 for eggs, poultry, ovalbumin
                                                                                and lactalbumin ;
 the advisability of fixing a new representative rate
 which would reflect more closely the real current                        (c) 16 December 1977 for wine ; however, other
 economic situation ;                                                           dates may be laid down for distillation opera­
                                                                                tion ;
 Whereas    the Monetary Committee will be consulted ;                    (d) 1 January 1978 for fishery products ;
 whereas,   in view of the urgency of the matter, the
 proposed    measures whould be adopted in the manner                    (e) the beginning of the 1977/78 marketing year
 provided    for in Article 3 (2) of Regulation No 129,                         for the other products for which the marketing
                                                                                year has not commenced on the date of entry
                                                                                into force of this Regulation ;
 HAS ADOPTED THIS REGULATION :                                           (f) a date to be fixed in all other cases .'
                              Art icle 1                                                         Article 3
 Points (d), (e) and (f) of Article 2 ( 1 ) of Regulation             This Regulation shall enter into force on 1 April
( EEC) No 557/76 shall be replaced by the following :                 1977 .
                This Regulation shall be binding in its entirety and directly applicable in all Member
                States .
                Done at Brussels , 29 March 1977 .
                                                                                      For the Council
                                                                                       The President
                                                                                    ■  G. KAUFMAN
(')  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 .
O    OJ No   L 362, 31 . 12 . 1976, p. 4 .