31969R2464

Official Journal of the European Communities 5 27

No L 312/4 Official Journal of the European Communities 12.12.69

REGULATION (EEC) No 2464/69 OF THE COUNCIL

of 9 December 1969 on measures to be taken in agriculture as a result of the revaluation of the German mark

THE COUNCIL OF THE EUROPEAN COMMUNITIES, HAS ADOPTED ' THIS REGULATION :

Having regard to the Treaty establishing the Article 1 European Economic Community, and in particular Articles 42 and 43 thereof; 1 . Aid granted to German agricultural producers under the conditions set out below shall be Having regard to the proposal from the Commission ; considered to be compatible with the common market. Having regard to the Opinion of the European Parliament; 2. Such aid may be granted up to the amount of DM 1700 million for each budgetary year from 1970 Whereas, by virtue of Article 2 of Council Regulation No 1291 on the value of the unit account and the to 1973 inclusive. The Community shall contribute to the financing of such aid on a decreasing scale as exchange rates to be applied for the purposes of the provided by Article 2., common agricultural policy, as amended by Regulation (EEC) No 653/68,2 the revaluation of the German mark and the present unaltered value of the 3. Aid may be granted in the form of direct aids to unit of account entail a reduction in agricultural agricultural producers in so far as they are not prices expressed in German marks, which are fixed in calculated on the basis of the price or the quantity of units of account under the common agricultural the product. policy; whereas, as a result of transitional measures, Aid may be granted partly in the form of an advance the price reduction should become fully effective to the agricultural producer when he sells his from 1 January 1970; whereas German agriculture products, subject to a maximum of 3% of the selling will thereby suffer a loss of income; price, to be paid either by the buyer or by an agency to be appointed by the competent national Whereas on the basis of current data on the value of authorities . the unit of account and on the prices and quantities of the agricultural products in question, such loss of income can be estimated at DM 1700 million a year; 4. The Federal Republic of Germany shall take appropriate structural or social measures to offset the Whereas provision should be made for the Federal decreasing financial support from the Community. Republic of Germany to grant aid by way of compensation for such losses in the form of direct aid 5 . The procedural provisions of Article 93 of the to agricultural producers; Treaty shall apply to the aid referred to in this Article. Whereas the aid proposed must be granted only during a specified period, it being possible to ensure Article 2 the continuation of aid through measures of social or structural policy; The Guarantee Section of the EAGGF shall Whereas the Community should, through the contribute to the financing of the measures referred EAGGF, contribute on a decreasing scale to the to in Article 1 by making the following payments to financing of the proposed aid; the Federal Republic of Germany:

90 million units of account under the 1971 budget; 1 OJ No 106, 30.10.1962, p. 2553/62. 2 OJ No L 123 , 31.8.1968 , p. 4. 60 million units of account under the 1972 budget.

528 Official Journal of the European Communities

After examining the financial state of the Guarantee post-revaluation economic trends in German Section of the EAGGF, the Commission may propose agriculture resulting from the measures taken by the to the Council that such measures be financed under German Government. the 1973 budget, up to a maximum amount of 30 million units of account. The Council shall, in the light of the development of the common agricultural policy, decide on appropriate measures to be taken, in accordance with Article 3 the procedure laid down in Article 43 (2) of the Treaty. The Federal Republic of Germany shall submit an annual report to the Commission on the effect of the Article 4 measures taken on German agricultural income. This Regulation shall enter into force on the third Before the end of 1973 the Council shall examine, on day following its publication in the Official Journal the basis of a report from the Commission, of the European Communities.

This Regulation shall be binding in its entirety and directly applicable in all Member States .

Done at Brussels, 9 December 1969 .

For the Council

The President J. M. A. H. LUNS