31973R1225

11 . 5 . 73 Official Journal of the European Communities No L 125/49

REGULATION (EEC) No 1225/73 OF THE COUNCIL of 10 May 1973 amending Regulation (EEC) No 974/71 on the application in Italy of a system of compensatory amounts in the agricultural sector

THE COUNCIL OF THE EUROPEAN referred to in Article 1 (2) and, as regards the wine COMMUNITIES, sector, the price at which intervention measures are taken, shall be increased in Italy by a correc­ Having regard to the Treaty establishing the European tive equal to 1 % of the prices concerned. Economic Community and in particular Articles 28, 43 and 235 thereof ; 2. The corrective referred to in paragraph 1 shall in so far as is necessary be reflected in the Having regard to the proposal from the Commission ; amounts which Italy must pay in accordance with Having regard to the Opinion of the European Parlia­ regulations on the common organization of agricul­ ment ; tural markets following other interventions on the internal market. Whereas it appears possible to reduce the size of compensatory amounts currently applied in trade with 3. Compensatory amounts applicable in trade Italy ; whereas the application of a corrective having with Italy shall be reduced : the effect of an increase in the intervention or (a) for products in respect of which provision is purchase price appears to be a suitable measure for made for intervention measures in the effecting this reduction ; whereas Council Regulation common organization of agricultural markets, (EEC) No 974/71 of 12 May 1971 (J) on certain by the amount obtained when applying para­ measures of conjunctural policy to be taken in agricul­ graph 1 ; ture following the temporary widening of the margins of fluctuation for the currencies of certain Member (b) for products or goods whose price depends on States as last amended by Regulation (EEC) No that of products referred to in subparagraph (a) and which either come under the common 111 2/73 (2) should be amended to that effect ; organization of the markets or are subject to special trade arrangements, by the incidence HAS ADOPTED THIS REGULATION : on the price of the product or goods concerned of the reduction of the compensa­ Article 1 tory amount on the price of the product referred to in (a) on which it depends.' The following article shall be added to Regulation (EEC) No 974/71 : Article 2 Article 4b This Regulation shall enter into force the day 1 . The intervention or purchase prices valid for following its publication in the Official Journal of the 1973/ 1974 marketing year for products the European Communities.

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

Done at Brussels, 10 May 1973 . For the Council The President

A. LAVENS

( i ) OJ No L 106, 12. 5 . 1971 , p . 1 . P) OJ No L 114, 30 . 4. 1973, p . 4.