31973R3496
No L 357 / 40 Official Journal of the European Communities 28 . 12 . 73
REGULATION ( EEC) No 3496/ 73 OF THE COMMISSION of 21 December 1973 on the monetary compensatory amounts applicable in Italy
THE COMMISSION OF THE EUROPEAN Whereas monetary compensatory amounts are COMMUNITIES , normally fixed with effect from a Monday and are based on the mean of spot market rates recorded over the period running from the previous Wednesday Having regard to the Treaty establishing the European week to the previous Tuesday ; whereas, in view of the Economic Community ; forthcoming holiday period, an exception should be made to this rule to facilitate administration and take Having regard to Council Regulation (EEC) No account on the fact that foreign exchange markets will 974/ 71 (') of 12 May 1971 on certain measures of be closed ; whereas, therefore, the monetary compensa conjunctural policy to be taken in agriculture tory amounts for the first week of 1974 should be following the temporary widening of the margins of based on data for the period from 12 to 18 December fluctuation for the currencies of certain Member 1973 ; States , as last amended by Regulation (EEC) No 3450 /73 ( 2 ), and in particular Article 6 thereof ; Whereas there is a need to alter the coefficient which is applied to accession compensatory amounts, levies Whereas the monetary compensatory amounts intro and refunds in pursuance of Article 3 (3) of Commis duced by Regulation (EEC) No 974/71 were fixed by sion Regulation (EEC) No 1463 /73 ( 7) of 30 May 1973 Commission Regulation (EEC) No 2102/73 (3 ) of 31 laying down detailed rules for the application of mone July 1973 , as last amended by Regulation ( EEC) No tary compensatory amounts, as last amended by Regu 3452/ 73 (4 ) ; lation ( EEC) No 3257/73 (s) ; whereas this coefficient reflects the percentage difference referred to in Article 2 of Regulation ( EEC) No 974/71 which has altered Whereas Council Regulation ( EEC) No 2958 /73 (5) of because of the new conversion rate to be taken into 31 October 1973, as amended by Regulation (EEC) consideration for the Italian lira as from 1 January No 2996 /73 ( fa), fixed a representative conversion rate 1974 ; for the Italian lira to be applied in agriculture with effect from 1 January 1974 ; whereas, however, the Whereas the measures provided for in this Regulation new Article 4b of Regulation ( EEC) No 974/71 stipu are in accordance with the Opinions of the Manage lates that for products for which a marketing year is fixed the economic effects of this measure must, as a ment Committees for Wine, for Cereals, for Pigmeat, for Poultrymeat and Eggs, for Sugar, for Milk and Milk general rule, be deferred to the beginning of the Products and for Beef and Veal , 1974/75 marketing year ; whereas to this end , under the terms of that Article, the intervention and buying-in prices valid in Italy are, until the end of the 1973/ 74 marketing year, fixed at the level , expressed in lira, resulting from the application of provisions in HAS ADOPTED THIS REGULATION : force on 31 December 1973 ; whereas for products to which monetary compensatory amounts apply, the incidence of this measure must be taken into account when such amounts are being fixed ; Art iclL- 1
Whereas this may be done by applying to prices The coefficient tor Italy appearing in Annex II to resulting from the new conversion rate a percentage Regulation ( EEC) No 2102/7;? shall be replaced representing, on the one hand , the difference between by 1·084 with effect from I January 1974 . spot market rates and the new representative rate for the lira and , on the other hand , the difference between Italian prices resulting from the different Article 2 exchange rates applicable on 31 December 1973 and 1 January 1974 ; I his Regulation shall enter into force on the day of its ') 0 | No L 106, 12 . 5 . 1971 , p . 1 . publication in the Official Journal of the European -) OJ No L .* 53 , 22 . 12. 1973, p. 25. Communities OJ No L 213, 1.8 . 1973, p. I. 4) OJ No L 353, 22 . 12. 1973 , p. 29 . 5) OJ No L 303 , 1.11 . 1973, p. I. ( ) O ) No L 146 , 4 . 6 . 197 ?, p . I . 6) OJ No L 305, 1 . I I. 1973 , p. 7. (s) Oj No L 331 , 1.12 . 1973 , p. 58 .
28 . 12 . 73 No L 357 /41 Official Journal of the European Communities
This Regulation shall be binding in its entirety and directly applicable in all Member States .
Done at Brussels, 21 December 1973 . For the Commission
The President François-Xavier ORTOLI