31973R0657

8 . 3 . 73 No L 62/ 15 Official Journal of the European Communities

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 ) No 270 /73 are deleted . ment announced a devaluation of the dollar ; 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 .