31973R0798

No L 76/ 18 Official Journal of the European Communities 24 . 3 . 73

REGULATION (EEC) No 798/73 OF THE COMMISSION of 23 March 1973 amending Regulation (EEC) No 648 /73 on 'monetary' compensatory amounts

THE COMMISSION OF THE EUROPEAN Whereas, if variations between the spot market rate COMMUNITIES, for the Danish Krone and this conversion rate are to be determined, there is a need to specify the spot Having regard to the Treaty establishing the Euro­ market rate against the US dollar to be used for the pean Economic Community ; purpose of fixing compensatory amounts ;

Whereas Commission Regulation ( EEC) No Having regard to Council Regulation (EEC) No 974/ 648/73 (4) laying down detailed rules for the applica­ 71 ( 1 ) of 12 May 1971 on certain measures of tion of 'monetary' compensatory amounts should conjunctural policy to be taken in agriculture therefore be supplemented accordingly ; following the widening of the margins of fluctua­ tion for the currencies of certain Member States, as Whereas the measures provided for in this Regula­ last amended by Regulation (EEC ) No 509/73 (2), tion are in accordance with the Opinions of the and in particular Article 1 ( a) thereof ; Management Committees for Fruit and Vegetables, for Wine, for Oils and Fats , for Cereals, for Pigmeat, Whereas, pursuant to Article 1 , ( 1 ) ( a) of Regulation for Poultrymeat and Eggs, for Sugar, for Milk and (EEC ) No 974/71 , if an exchange rate other than Milk Products, for Beef and Veal, for products that corresponding to the parity of the currency of processed from Fruit and Vegetables, for Tobacco, a Member State is used for the purpose of conver­ for Flax and Hemp, and for Fishery Products ; sions between units of account and that currency, Article 1 ( 1 ) applies by analogy where, for the HAS ADOPTED THIS REGULATION : currency in question, the average spot market rate during a period to be determined differs by at least 1 % from the exchange rate used ; Article 1

Whereas Article 1 ( 1 ) of Council Regulation ( EEC ) The following paragraph is added to Article 3 of No 222/73 (3) on the exchange rates to be applied Regulation ( EEC ) No 648/73 : in agriculture for the currencies of the new Member '( g) for the Danish Krone : the average official rate States specifies that, for Denmark, the exchange rate fixed in Copenhagen at noon on each working to be applied for the conversion of prices and other day during official dealings presided over by the amounts fixed by the Council is the rate which Nationalbank of Denmark.' corresponds to the central rate for the Danish Krone ; Article 2 Whereas Article 1 ( 1 ) ( a ) of Regulation ( EEC) No This Regulation shall enter into force on 26 March 974/71 therefore covers the case of Denmark : 1973 .

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

Done at Brussels, 23 March 1973 .

For the Commission The President Francois-Xavier ORTOLI

(*) OJ No L 106 , 12.5 . 1971 , p. 1 . (2 ) OJ No L 50, 23.2 . 1973 , p. 1 . (•) OJ No L 27 , 1 . 2 . 1973 , p. 4 . (4 ) OJ No L 64, 9.3 . 1973 , p. 1 .