31974R2497
3. 10. 74 Official Journal of the European Communities No L 268/5
REGULATION (EEC) No 2497/74 OF THE COUNCIL of 2 October 1974 supplementing Regulation (EEC) No 974/71 on certain measures of conjunctural policy to be taken in agriculture following the temporary widening of the margins of fluctuation for the currencies of certain Member States
THE COUNCIL OF THE EUROPEAN HAS ADOPTED THIS REGULATION : COMMUNITIES, Article 1 Having regard to the Treaty establishing the European With effect from 21 October 1974 the application of Economic Community, and in particular Articles 28, 43 and 235 thereof ; Article 4a (2) of Regulation (EEC) No 974/71 shall be suspended. / 1 Having regard to the proposal from the Commission ; The Council, acting on a proposal from the Commis Having regard to the Opinion of the European sion in accordance with the voting procedure under Parliament ; Article 43 (2) of the Treaty, may decide that the appli Whereas, under Article 4a (2) of Regulation (EEC) No cation of this provision, in part or in whole, shall be reintroduced. 974/71 , in trade between the Member States and with third countries, the compensatory amounts applicable Article 2 due to the decrease in value of the currency concerned may not be higher than the charge on The following subparagraph is added to Article 2 ( 1 ) products imported from third countries ; (b) of Regulation (EEC) No 974/71 : Whereas difficulties have arisen as a result of applying 'However, this average shall be reduced by one this rule ; whereas its application has caused deflection point for the purposes of the calculation of the compensatory amount applicable until 28 of trade and distortion of competition ; whereas, more over, the situation on the world market differs consid February 1975 to the export from Ireland to third erably from that existing when the rule in question countries of products in the beef and veal sector.' was introduced ; whereas in these circumstances it Article 3 appears desirable to suspend its application ; The following shall be repealed : Whereas, bearing in mind the particularly difficult (a) Council Regulation (EEC) No 885/73 (3) of 31 situation existing at present for producers of beef and March 1973 on the non-application of the first veal in Ireland, certain measures to improve the income of such producers should be taken ; whereas subparagraph of Article 4a (2) of Regulation (EEC) this objective may be attained by providing for the No 974/71 to sugar, and temporary reduction of the compensatory amounts (b) Council Regulation (EEC) No 1695/73 (4) of 25 applicable to the export of certain products from June 1973 determining to what extent the mone Ireland to third countries ; whereas, therefore, Article tary compensatory amounts applicable to beef and 2 of Council Regulation (EEC) No 974/71 (l) of 12 veal by reason of the depreciation of a currency May 1971 on certain measures of conjunctural policy may be higher than the charge on imports from third countries . to be taken in agriculture following the temporary widening of the margins of fluctuations for the curren Article 4 cies of certain Member States, as last amended by Regulation (EEC) No 3450/73 (2), should be supple This Regulation shall enter into force on 7 October mented accordingly, 1974.
This Regulation shall be binding in its entirety and directly applicable in all Member States .
Done at Luxembourg, 2 October 1974. For the Council The President Ch . BONNET
0 ) OJ No L 106, 12. 5. 1971 , p. 1 . 0 OJ No L 86, 31 . 3 . 1973, p. 35. (2) OJ No L 353, 22. 12. 1973, p. 25. (4) OJ No L 173, 28 . 6. 1973, p. 1 .