31973R2959
1 . 11 . 73 Official Journal of the European Communities No L 303 /3
REGULATION (EEC) No 2959/73 OF THE COUNCIL of 31 October 1973 providing for certain short-term economic measures for sugar in Italy following developments in the monetary situation
THE COUNCIL OF THE EUROPEAN shall be maintained until the end of the - 1973 / 74 COMMUNITIES, sugar year at their level of 31 October 1973, expressed in Italian lira . Having regard to the Treaty establishing the European Economic Community and in particular Article 103 2. Amounts payable by Italy in accordance with the thereof ; rules relating to the common organization of the Having regard to the proposal from the Commission ; market in sugar shall on account of other interven tions on the domestic market be fixed by reference to Whereas Council Regulation ( EEC) No 2958 /73 (') of the effects of the measures referred to in paragraph I. 31 October 1973 on the exchange rate to be applied in agriculture for the Italian lira has fixed a representa tive rate for that currency entailing an increase in Article 2 prices for agricultural produce in Italy ; Whereas , the short-term economic situation makes The effects of the measures provided in Article 1 shall such an increase for sugar unacceptable in the immed be taken into account when the monetary compensa iate future ; whereas , on the other hand , Italian prices tory amounts applicable to sugar under Regulation for this product can be adjusted within a reasonable ( EEC) No 974/71 are fixed . period of time, by reference to the beginning of the marketing , year ; Article. 3 Whereas it is necessary, furthermore, to ensure that delays in the automatic adjustment of prices in Italy will not lead to difficulties in trade ; whereas, to this Detailed rules for the application of this Regulation , end, it is necessary to account in the monetary which may contain other derogations from the provi sions governing the common organization of the compensatory amounts introduced by Council Regula market in sugar, shall be adopted in accordance with tion ( EEC) No 974/71 (-') of 12 May 1971 on certain the procedure laid down in Article 40 of Council measures of conjunctural policy to be taken in agricul Regulation No 1009/67/ EEC (4 ) of IS December 1967 ture following the temporary widening of the margins of fluctuation for the currencies of certain Member on the common organization of the market in sugar, as last amended by Regulation ( EEC) No 1 928 /73 (5). States, as last amended by Regulation (EEC) No 1 225/73 (3), for the effects of delayed application of the new price level , Article 4
HAS ADOPTED THIS REGULATION : This Regulation shall enter into force on the day of its publication in the Official Journal of the European Article 1 Communities. 1 . The intervention price for sugar, and the It shall have effect from 1 November 1973 . minimum prices for sugarbeet, applicable in Italy
This Regulation shall be binding in its entirety and directly applicable in all Member States .
Done at Brussels , 30 October 1 973 . For the Council The President Ib FREDERIKSEN
(') See page I of til is Official Journal . (-) O ) No L 106, 12 . 5 . 1971 , p . I. C ) OJ No 308 , 18 . 12 . 1 967, p. 1 . (3) OJ No L 1 25 , U.S. 1 973 , p. 49 . (') OJ No L 199, 19 . 7. 1973 , p. 7.