31973R2996

1 . 11 . 73 No L 305/7 Official Journal of the European Communities

REGULATION ( EEC) No 2996/73 OF THE COUNCIL of 31 October 1973 amending Regulation (EEC) No 2958/73 on the exchange rate applied in agricul­ ture for the Italian lira

THE COUNCIL OF THE EUROPEAN reference to the relevant harvest ; whereas the afore­ COMMUNITIES, said Article 2 should be supplemented by a provision to this effect, Having regard to the Treaty establishing the European Economic Community ; HAS ADOPTED THIS REGULATION : Having regard to Council Regulation No 129 (*) on the value of the unit of account and the exchange Article 1 rates to be applied for the purposes of the common agricultural policy, as last amended by Regulation Article 2 (2) of Regulation (EEC) No 2958 /73 is (EEC) No 2543/73 (2), and in particular Article 3 replaced by the following : thereof ; ' ' 2 . however Having regard to the proposal from the Commission ; — the second subparagraph of Article 4(1 ) of Regulation (EEC) No 1134/68 shall not apply Whereas Article 2 of Council Regulation (EEC) No when the representative rate specified in 2958/73 (3) of 31 October 1973 on the exchange rate Article 1 (2) (b) of this Regulation is intro­ applied in agriculture for the Italian lira provides for duced, the application of Articles 4 and 6 of Council Regula­ tion (EEC) No 11 34/68 (4) of 30 July 1968 . Laying — by way of derogation from Articles 4 and 6 of down rules for the implementation of Regulation Regulation (EEC) No 1 1 34/68 the exchange (EEC) No 653/68 on conditions for alterations to the rate to be applied to prices and amounts fixed value of the unit of account used for the common agri­ in respect of raw tobacco harvested before cultural policy ; 1974 shall be the rate applicable on 31 October 1973 '. Whereas these provisions result in increases in Italian ; lira of all amounts fixed in units of account in cases Article 2 where the event by virtue of which the amount becomes payable occurs after 31 October 1973 ; This Regulation shall enter into force on the day of its publication in the Official Journal of the European Whereas, since the prices and amounts fixed for Communities. tobacco in units of account apply to a given harvest, the exchange rate to be used should be determined by It shall apply with effect from 1 November 1973 .

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

Done at Brussels, 31 October 1973 . For the Council The President

lb FREDERIKSEN

(') OJ No 106, 30 . 10 . 1962, p. 2553 /62 . • (2) OJ No L 263 , 19 . 9 . 1973, p. 1 . (3) OJ No L 303 , 1.11 . 1973 , p. 1 . (■») OJ No L 188 , 1 . 8 . 1968 , p. 1 .