CELEX: 51973PC2079
Language: en
Date: 1973-12-10
Title: PROPOSAL FOR A REGULATION (EEC) OF THE COUNCIL amending Regulation (EEC) No 1569/73 as regards the level of prices of colza and rape seed in Italy in consequence of developments in the monetary situation (submitted to the Council by the Commission)

ARCHIVES HISTORIQUES
DE LA COMMISSION
COLLECTION RELIEE DES
DOCUMENTS "COM"
COM (73) 2079
Vol. 1973/0375
 ---pagebreak--- Disclaimer
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In accordance with Council Regulation (EEC, Euratom) No 354/83 of 1 February 1983
concerning the opening to the public of the historical archives of the European Economic
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In Übereinstimmung mit der Verordnung (EWG, Euratom) Nr. 354/83 des Rates vom 1.
Februar 1983 über die Freigabe der historischen Archive der Europäischen
Wirtschaftsgemeinschaft und der Europäischen Atomgemeinschaft (ABI. L 43 vom 15.2.1983,
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 ---pagebreak--- COMMISSION OF THE EUROPEAN COMMUNITIES
                                              COM(73)2079 final
                                              Brussels , 10 December 1973 •
                                 PROPOSAL FOR A
                 of developments in "the monetary situation
                 ( submitted to the Council "by the Commission)
   COM(73 ) 2079 final
 ---pagebreak---                               EXPLANATORY KEMORAinUM
Council Regulation (EEC ) Ho . 2958 of 31 October 1973 fixed a representat ivo
conversion rate for the Italian lira with effect from 1 November , this
rate being amended with effect from 1 January 1974 •»
The objective of this regulation is to limit the rise in prices resulting
from these measures , by maintaining the price level existing on 31 December
1973 in Italy for colza and rape seed until the end of the 1973/74 marketing
year . Further , the maintenance of the prices at the 31 December level has a
bearing on the fixing of the differential amounts for the seeds concerned .
 ---pagebreak---                                PE'OPCSAL FOR A
                          RPiam^PlUEECl
amending Regulation (EFJC ) HO 1569/73 as regards the level of prices of colza
and rape seed in Italy in consequence of developments in the monetary situation .
THE COTOTCIL OP THE FJHOFEM COIS3UFITIE3 ,
Having regard to the Tmty establishing the European Economic Community ,
Having regard to Council Regulation (EEC ) No 136/66/EEC ^ of 22 September
i960 on the establishment of a common organization of the market in oils and
                                                        ν2)
fats , as last amended by Regulation ( EEC ) No 1707/73       and in particular
Article '36 thereof 5
Having regard to the proposal from the . Commission ;
Whereas Council Regulation (EEC) No 2953/73 ^^of 31 October 1973 on the exchange
rate applied in agriculture for the Italian lira , as amended by Regulation (EEC )
Ho 2996/73^\ fixed with effect from 1 November 1973 a representative conver-!
sion rate for the liaLian lira , to be modified with effect from 1 January 1974 ;
whereas the application of this rate would result in a rise in the prices of
colza and rape.sedd on the Italian market ; whereas it appears desirable to
attenuate as far a3 possible the effect of this measure on the Italian economy ;
Whereas in order to limit such a rise in prioes , the level of prices existing
in Italy for these seeds on 31 December 1973 should be maintained until the end
of the 1973/1974 marketing year ; whereas this measure should be taken into
account in the fixation of the differential amounts ;
Whereas Article 5(a) of Regulation (EEC) Ho 1569/72^proviaed for colza and
rape seed prices in Italy to be increased by 1 $ *5or the 1973/1974 marketing
year , and a corresponding adaptation of the differential amounts ; whereas the
consequences of this provision should be incorporated in the system to be appli­
cable from now on,                                          r
HAS ADOPTED THIS REGULATION :
(1 ) OJ Ho 172 , 30.9.1966 , p, 3025/66.
( 2) OJ Ho L 175 , 29*6.1973 ,  P.  5»
(3)  OJ Ho L 303 , 1.11.1973 ,  P.  1.
( 4) OJ Ho L 305 , 1.11.1973 ,  P.  7.
( 5) OJ Ho L 167 , 20.7.1972 ,  p.  9.
 ---pagebreak---                                    Article 1
Article 5(a ) of Regulation ( EEC ) HO 1559/72 is replaced by the following :
"1 « The intervention prices valid until the end of the 1972/l974 marketing
      year in Italy for the prod-acts referred to in Article 1 shall "be fixed at
      the level whi,ch results from tfte application of the provisions valid on
      31 December 1973 •
" 2 . Amounts payble by Italy on account of other interventions on the domestic
      market shall be reduced to the extend necessary to take into account the
      effect of the measures contained in paragraph 1 «
                                                                         îtrfco
n3 . The differential amounts applicable in Italy shall be fixed taking/account
      the effect of the measures contained in paragraph l*'1
                                   Article 2              :                     ■
This Regulation shall enter into force on 1 January 1974 »
This Regulation shall be finding in its entirety and directly applicable in
all Member States .
Done at Brussels ,                                            For the Council
                                                              The President .