31975R1376

No . L 139/28 Official Journal of the European Communities 30 . 5 . 75

REGULATION ( EEC) No 1376/75 OF THE COMMISSION

of 29 May 1975 amending Regulation (EEC) No 540/75 as regards additional measures to be taken for monetary purposes in respect of agriculture

THE COMMISSION OF THE EUROPEAN currency ; whereas the Member States concerned are COMMUNITIES, those in which the new representative rate for the .national currency represents a revaluation in relation Having regard to the Treaty establishing the European to the parity of that currency, namely the Benelux Economic Community ; countries and Germany ; Having regard to Council Regulation (EEC) No Whereas to avoid such an anomaly it is advisable to 475/75 (') of 27 February 1975 on the exchange rates provide that in these Member States the intervention to be applied in agriculture, and in particular Article 4 thereof ; prices for the products in question be converted into the national currencies at the new rates of exchange Whereas Commission Regulation (EEC) No 540/75 (2) with effect from 1 June 1975, the date on which the of 28 February 1975 laying down additional measures intervention prices fixed for the 1975/76 marketing to be taken in agriculture following the fixing, with year are applied to the cereals in question ; whereas, effect from 3 March 1975, of new representative rates consequently, it is advisable to amend Regulation for the currencies of certain Member States, as (EEC) No 540/75 by providing that the coefficients amended by Regulation (EEC) No 11 08 /75 (3), lists in mentioned in Article 1 of that Regulation should its Annex I certain items, expressed in national curren­ cease to be applied to the intervention prices in the cies , which are to be maintained at their former level Benelux countries and Germany from 1 June 1975 ; until the beginning of the 1975/76 marketing year ; whereas these items include the intervention prices Whereas the Management Committee for Cereals has for cereals ; not delivered an opinion within the time limit set by its Chairman , Whereas Article 4 (3) of Council Regulation (EEC) No 120/67/ EEC (4) of 13 June 1967 on the common HAS ADOPTED THIS REGULATION : organization of the market in cereals, as last amended by Regulation (EEC) No 85/75 (5 ), provides that from Article 1 1 June to 31 July the intervention prices for common wheat, durum wheat, barley and rye effective for Article 1 of Regulation (EEC) No 540/75 is supple­ August of the following marketing year shall apply ; mented by the addition of a second paragraph as follows : Whereas by virtue of Article 2 of Regulation ( EEC) ' However, in the case of cereals the intervention No 475/75 the adjustment of the intervention prices prices applicable to common wheat, durum wheat, in national currencies by application of the new repre­ barley and rye shall in the Benelux countries and sentative rates fixed in Article 1 of that Regulation does not come into effect for cereals until the begin­ Germany be adjusted by application of the appro­ priate coefficient as specified in the preceding ning of the 1975/ 76 marketing year, namely 1 August 1975 ; whereas, the increase in intervention prices paragraph only until 31 May 1975.'

decided on for the new marketing year having already Article 2 been applied in June and July 1975 for the cereals in question , application of the new rates of exchange on This Regulation shall enter into force on the day of its 1 August would in certain Member States result in a publication in the Official Journal of the European fall in the intervention prices in terms of national Com in unities.

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

Done at Brussels, 29 May 1975 .

For the Commission

P.J. LARDINOIS

Member of the Commission

(') OJ No L 52, 28 . 2 . 1975, p. 28 . {*) OJ No L 57, 3 . 3 . 1975, p. 29 . (3 ) OJ No L 1 10 , 30 . 4 . 1975, p. 12 . C ) OJ No 117, 19 . 6 . 1967, p . 2269 / 67 . ( s ) OJ No L 1 1 , 16 . 1 . 1975 , p . 1 .

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