31973R0560

28 . 2 . 73 Official Journal of the European Communities No L 55/5 i'l

REGULATION (EEC) No 560/73 OF THE COUNCIL of 26 February 1973 amending Regulation (EEC) No 222/73 on the exchange rates to be applied in agriculture for the currencies of the new Member States

THE COUNCIL OF THE EUROPEAN whereas the abovementioned relationship between COMMUNITIES, the currencies of the Member States concerned and the US dollar is therefore no longer accurate ; Having regard to Council Regulation No 129 (*) on the value of the unit of account and the Whereas, in view of the present situation and of the exchange rates to be applied for the purposes of the fact that it is not essential to specify the relation­ common agricultural policy, as amended by Regula­ ship between those Member State currencies and the tion ( EEC ) No 653/68 (2), and in particular Article 3 US dollar, mention of chat relationship should be ( 1 ) thereof ; deleted ; Having regard to the proposal from the Commis­ sion ; HAS ADOPTED THIS REGULATION : Having regard to the Opinion of the Monetary Committee ; Article 1 Whereas Regulation ( EEC) No 222/73 (3) fixed the exchange rates to be applied in agriculture for the With effect from 13 February 1973 , the expression currencies of the new Member States ; whereas, for '= 2-3499 US dollars ' in Artiale 1 ( 2 ) of Regulation the pound sterling and the Irish pound a representa­ (EEC) No 222/73 shall be deleted. tive rate was fixed in terms of the relationship be­ tween these two currencies and the US dollar on the Article 2 one hand and the unit of account on the other ; This Regulation shall enter into force on the day of Whereas on 12 February 1973 the American govern­ its publication in the Official Journal of the Euro­ ment announced a devaluation of the dollar ; pean Communities .

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

Done at Brussels, 26 February 1973 . For the Council The President E. GLINNE

(*) OJ No 106, 30. 10. 1962, p . 2553 /62 . ( 2) OJ No L 123 , 31 . 5 . 1968 , p. 4 . (3) OJ No L 27, 1 . 2 . 1973 , p. 4 .