CELEX: 31973R0657
Language: en
Date: 1973-03-06 00:00:00
Title: Regulation (EEC) No 657/73 of the Commission of 6 March 1973 amending Regulation (EEC) No 270/73 on the exchange rate to be applied in agriculture for the currencies of the new Member States

8 . 3 . 73                              Official Journal of the European Communities                              No L 62/ 15
                                 REGULATION (EEC) No 657/73 OF THE COMMISSION
                                                         of 6 March 1973
              amending Regulation (EEC) No 270/73 on the exchange rate to be applied in agri­
                                       culture for the currencies of the new Member States
 THE COMMISSION OF THE EUROPEAN                                       ship between those Member State currencies and the
 COMMUNITIES ,                                                        US dollar, mention of that relationship should be
                                                                      deleted ;
 Having regard to the Treaty establishing the Euro­
 pean Economic Community ;
                                                                      Whereas, the measure provided for in this Regula­
Having regard to Council Regulation No 129 ( x ) on                   tion, relating to prices or amounts to be fixed in
the value of the unit of account and the exchange                     accordance with the procedure laid down in Article
 rates to be applied for the purposes of the common                   26 of Council Regulation No 120/67/EEC (4) of 13
 agricultural policy, as amended by Regulation                       June 1967 on the common organization of the
 ( EEC ) No 653 /68 ( 2), and in particular Article 3 ( 1 )           market in cereals, or in the corresponding Articles
thereof ;                                                             of the other Regulations on the common organ­
                                                                      ization of agricultural markets, are in accordance with
Having regard to the Opinion of the Monetary
                                                                     the Opinions of the Management Committees set
Committee,
                                                                      up as part of the common agricultural policies ;
Whereas Commission Regulation (EEC ) No
270/73 (3 ) of 31 January 1973 fixed the exchange
rates to be applied in agriculture for the currencies
                                                                     HAS ADOPTED THIS REGULATION :
of the new Member States ; whereas , for the pound
sterling and the Irish pound a representative rate
was fixed in terms of the relationship between these                                            Article 1
two currencies on the one hand and the US dollar
 and the unit of account on the other ;
                                                                     With effect from 13 February 1973 , the words ' =
Whereas on 13 February 1973 the American govern­                     2-3499 dollars' in Article 1 (2 ) of Regulation (EEC )
ment announced a devaluation                   of the dollar ;       No 270/73 are deleted .
whereas the abovementioned relationship between
the currencies of the Member States concerned and
                                                                                                Article 2
the US dollar will therefore not be correct for the
future ;
                                                                     This Regulation shall enter into force on the day of
Whereas, in view of the present situation and of the                 its publication in the Official Journal of the Euro­
fact that it is not essential to specify the relation                pean Communities.
              This Regulation shall be binding in its entirety and directly applicable in all Member
              States .
              Done at Brussels, 6 March 1973 .
                                                                                For the Commission
                                                                                   The President
                                                                             François-Xavier ORTOLI
(!) OJ No 106 , 30 . 10 . 1962 , p. 2553 /62 .
(2) OJ No L 123 , 31. 5. 1968 , p. 4 .
(s ) OJ No L 30, 1. 2 . 1973 , p. 77 .                               ( 4) OJ No 117 , 19. 6 . 1967, p. 2269/67 .