CELEX: 31976R2596
Language: en
Date: 1976-10-26 00:00:00
Title: Council Regulation (EEC) No 2596/76 of 26 October 1976 amending Regulation (EEC) No 557/76 as regards the exchange rate to be applied, in the agricultural sector, for the Danish kroner

27 . 10 . 76                               Official Journal of the European Communities                        No L 296/ 11
                                          COUNCIL REGULATION (EEC) No 2596/76
                                                          of 26 October 1976
                amending Regulation ( EEC) No 557/76 as regards the exchange rate to be
                                applied, in the agricultural sector, for the Danish kroner
THE COUNCIL OF THE EUROPEAN                                           HAS ADOPTED THIS REGULATION :
 COMMUNITIES,
                                                                                                 Article 1
 Having regard to the Treaty establishing the European
 Economic Community,                                                  In Article 2 ( 1 ) of Regulation (EEC) No 557/76, point
                                                                      (b) shall be replaced by the following :
 Having regard to Council Regulation No 129 on the
value of the unit of account and the exchange rates to                    '(b) for the Danish kroner :
                                                                                Dkr 1 = 0-126677 unit of account ;'.
 be applied for the purpose of the common agricultural
 policy ('), as last amended by Regulation (EEC) No
                                                                                                 Article 2
 2543/73 (2), and in particular Article 3 thereof,
 Having regard to the proposal from the Commission,                   The following paragraph shall be added to Article 2 of
                                                                      Regulation (EEC) No 557/76 :
Whereas Council Regulation (EEC) No 557/76 of 15                          ' 5. The representative rate for the Danish
March 1976 on the exchange rates to be applied in                         kroner as fixed by Regulation (EEC) No 2596/76
 agriculture and repealing Regulation (EEC) No                            shall be applicable from :
475/75 (3), as last amended by Regulation (EEC) No
 2423/76 (4), fixed a representative rate for the Danish                  (a) the dates referred to in paragraph 2 (b) and (c)
 kroner ; whereas the movement of this currency indi­                          for the products mentioned therein ;
cates the advisability of fixing a new representative                     (b) the beginning of the 1976/77 marketing year
 rate which reflects more closely the real economic situ­                      for the other products for which the marketing
ation ; whereas this rate should be applied in principle                       year has not commenced by 28 October 1976 ;
on the dates when prices are changed ;                                    (c) 28 October 1976 in all other cases.'.
Whereas the Monetary Committee will be consulted ;                                               Article 3
whereas, in view of the urgency of the matter, the
 proposed measures should be adopted under the                        This Regulation shall enter into force on the day
conditions laid down in Article 3 (2) of Regulation No                following its publication in the Official Journal of
 129 ,                                                                the European Communities.
                This Regulation shall be binding in its entirety and directly applicable in all Member
                States .
                Done at Luxembourg, 26 October 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 .
(4   OJ No   L 274, 6 . 10 . 1976, p. 1 .