CELEX: 31973S3541
Language: en
Date: 1973-12-19 00:00:00
Title: Decision No 3541/73/ECSC of the Commission of 19 December 1973 on the definition of the unit of account to be used in Decisions, Recommendations, Opinions and Communiqués for the purposes of the Treaty establishing the European Coal and Steel Community

No L 361 / 10                      Official Journal of the European Communities                           29 . 12. 73
                           DECISION No 3541 /73/ECSC OF THE COMMISSION
                                                of 19 December 1973
             on the definition of the unit of account to be used in Decisions, Recommenda­
             tions, Opinions and Communiques for the purposes of the Treaty establishing
                                      the European Coal and Steel Community
THE COMMISSION OF THE EUROPEAN                                After consulting the Council which has given its
COMMUNITIES,                                                  unanimous assent,
Having regard to the Treaty establishing the European
Coal and Steel Community, and in particular Articles
8, 14, 26 and 50 thereof ;
                                                              HAS ADOPTED THIS DECISION :
Whereas, under Decision No 3/59 of 21 January
1959 (*), the definition of the unit of account to be
used in ECSC texts is made indentical with effect
from 27 December 1958 , to the unit of account of the                                Sole Article
European Monetary Agreement ;
Whereas the European Monetary Agreement ceased to             With effect from 1 January 1973, the value of the unit
have effect from 31 December 1972 ;                           of account, as referred to in Decisions, Recommenda­
                                                              tions, Opinions and Communiques of the Commis­
Whereas, in these circumstances, a new definition             sion in implementation of the Treaty establishing the
should be given for the unit of account to be used for        European Coal and Steel Community shall be equal
the purposes of the ECSC Treaty ;                             to 0-88867088 grammes of fine gold.
              This Decision shall be binding in its entirety and directly applicable in all Member
              States .
              Done at Brussels, 19 December 1973 .
                                                                       For the Commission
                                                                           The President
                                                                      Francois-Xavier ORTOLI
 (M OJ No 5, 2nd year, 27. 1 . 1959 .