31973R3450

22 . 12 . 73 Official Journal of the European Communities No L 353 /25

REGULATION ( EEC) No 3450/73 OF THE COUNCIL of 17 December 1973 amending Regulation (EEC) No 974/71 as regards the level of prices for agricultural products in Italy following developments in the monetary situation

THE COUNCIL OF THE EUROPEAN policy ; and Regulation ( EEC ) No 2959/73 should COMMUNITIES , therefore be repealed , as its provisions are replaced by identical provisions in this Regulation with effect Having regard to the Treaty establishing the Euro­ from 1 November 1973 ; pean Economic Community, and in particular Ar­ ticles 28 , 43 , 103 and 235 thereof ; Whereas Article 4 (ib ) of Regulation ( EEC ) No 974/ Having regard to the proposal from the Commission ; 71 provided for a 1 °/o increase in Italian prices for the marketing year 1973 /74 and a corresponding Having regard to the Opinion of the European Par­ reduction in the monetary compensatory amounts ; liament (*) ; whereas the effects of these measures should be in­ Whereas Council Regulation ( EEC ) No 2958 / 73 ( 2 ) corporated into the system now applicable, of 31 October 1973 on the exchange rate applied in agriculture for the Italian lire, fixed a representative exchange rate for the Italian lire with effect from HAS ADOPTED THIS REGULATION : 1 November 1973 , a different rate being applied as from 1 January 1974 ; whereas the application of this rate would lead to some increase in the prices Article 1 of agricultural products on the Italian market, where­ as it would appear desirable to lessen the impact of this measure on the Italian economy as far as pos­ Article 4 ( b ) of Regulation ( EEC ) No 974/ 71 shall sible ; be replaced by the following :

Whereas in order to prevent this rise in prices, Coun­ 'Article 4 ( b ) cil Regulation (EEC ) No 2959 /73 (3 ) of 31 October 1973 , providing for certain short-term economic mea­ sures for sugar in Italy, following developments in 1 . Except for the products referred to in the the monetary situation , stipulated that the existing following paragraphs, the intervention and pur­ chase prices applicable in Italy shall be fixed , prices for sugar in Italy at 31 October 1973 should be maintained until the end of the current marketing until the end of the 1973 /74 marketing year, at the level resulting frcrn the application of the year ; whereas this Regulation also provided for this measure to be taken into account in the fixing of the provisions in force on 31 December 1973 , ex­ pressed in Italian lire . monetary compensatory amounts introduced by Council Regulation ( EEC ) No 974/71 ( 4 ) of 12 May The activating price for intervention measures 1971 , on certain measures of conjunctural policy to as regards table wine shall be maintained until be taken in agriculture following the temporary 15 December 1974 at its level of 31 December widening of the margins of fluctuation for the cur­ rencies of certain Member States , as last amended 1973 , expressed in Italian lire . by Regulation ( EEC ) No 1225 / 73 ( 5 ) ; The intervention prices for sugar and the mini­ Whereas the circumstances that led to the adoption mum prices for sugarbeet applicable in Italy until of Regulation ( EEC ) No 2959/73 also exists for pro­ 30 June 1974 , shall be maintained at their level ducts other than sugar , although in a less prominent of 31 October 1973 , expressed in Italian lire . form ; whereas a similar solution is now essential in order to limit the increase in prices resulting from 2 . As regards eggs, poultry meat , ovalbumin the representative rate to be applied on 1 January and lactalbumin , the effects of the measures re­ 1974 ; whereas all these arrangements should be set ferred to in paragraph 1 shall be taken into ac­ within the framework of the common agricultural count up to the expiry of the 1973 / 74 marketing year . ') OJ No C 105 , 4 . 12 . 1973 , p. 11 . *) OJ No L 303 , 1 . 11 . 1973 , p. 1 . 3 . Amounts payable by Italy in accordance 3 ) OJ No L 303 , 1 . 11 . 1973 , p. 3 . with the rules on agricultural markets following 4 ) OJ No L 106, 12 . 5 . 1971 , p. 1 . 5) OJ No L 125 , 11.5 . 1973 , p. 49 . other interventions on the internal market shall

No L 353 16 Official Journal of the European Communities 22 . 12 . 73

be fixed by reference to the effects of the mea­ effects of the measures referred to in paragraph 1 sures referred to in paragraph 1 . shall be taken into account .'

4 . For products in respect of which compensa­ Article 2 tory amounts are to be applied under Article 1 , the effects of the measures referred to in para­ This Regulation shall enter into force on the third graph 1 shall be taken into account when the day following its publication in the Official Journal of the European Communities . It shall take effect on compensatory amounts are fixed . 1 January 1974 ; with regard to sugar, however, it 5 . Where , in applying the regulations on the shall take effect on 1 November 1973 . From that common organization of agricultural markets , date it shall replace Regulation ( EEC ) No 2959 /73 prices on Italian markets are to be retained , the which is hereby repealed .

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

Done at Brussels , 17 December 1973 .

For the Council The President

I. N0RGAARD