31976R1356

12 . 6 . 76 Official Journal of the European Communities No L 153/39

COMMISSION REGULATION ( EEC) No 1356/76

of 11 June 1976

on the monetary compensatory amounts and the differential amounts appli­ cable in respect of movements in the Irish pound and the pound sterling

THE COMMISSION OF THE EUROPEAN 1380/75 of 29 May 1975 laying down detailed rules COMMUNITIES, for the application of monetary compensatory amounts ( n ), as last amended by Regulation (EEC) No 1040/76 ( 12), and in Article 3 of Commission Regula­ Having regard to the Treaty establishing the European tion (EEC) No 2300/73 of 23 August 1973 on detailed Economic Community, rules for applying the differential amounts for colza and rape seed ( 13), as last amended by Regulation (EEC) No 632/75 ( 14), namely the period which began on 2 June 1976, the pound sterling and the Irish Having regard to Council Regulation No 136/66/EEC pound underwent speculative movements ; whereas, of 22 September 1966 on the establishment of a for that reason , the rates recorded during the period in common organization of the market in oils and question cannot be considered as representative ; fats (•), as last amended by Regulation (EEC) No whereas those rates have since improved, thus elimi­ 1 707/73 (2), nating the disparity recorded in the abovemeritioned period ; whereas it is therefore appropriate to take no account of those rates and to make no amendement Having regard to Council Regulation (EEC) No for the present to the monetary compensatory 974/71 of 12 May 1971 on certain measures of amounts and the differential amounts relating to the conjunctural policy to be taken in agriculture currencies in question ; following the temporary widening of the margins of fluctuation for the currencies of certain Member States (3), as last amended by Regulation (EEC) No Whereas the relevant Management Committees have 557/76 (4), and in particular Article 6 thereof, not delivered opinions within the time limits set by their Chairmen ,

Having regard to Council Regulation (EEC) No 1569/72 of 20 July 1972 laying down special measures for colza and rape seed (5), as last amended by Regulation (EEC) No 3477/73 (6), and in particular HAS ADOPTED THIS REGULATION : Articles 2 (2) and 7 thereof,

Article 1 Whereas the monetary compensatory amounts intro­ duced by Regulation (EEC) No 974/71 were fixed by Commission Regulation (EEC) No 572/76 of 15 By way of derogation from Article 3 of Regulation March 1976 (7), as last amended by Regulation (EEC) (EEC) No 2300/73 and from Article 2 of Regulation No 131 2/76 (8) ; whereas the components used to (EEC) No 1380/75, the components used to calculate calculate the differential amounts were fixed by the differential amounts and the monetary compensa­ Commission Regulation (EEC) No 654/76 of 24 tory amounts relating to movements in the Irish March 1976 (9), as last amended by Regulation (EEC) pound and the pound sterling and applicable with No 1 306/76 (10); effect from 7 June 1976 shall continue to apply during the period commencing 14 June 1976.

whereas during the reference period laid down in Article 2 of Commission Regulation (EEC) No Article 2 ( 5) OJ No L 172, 30 . 9 . 1966, p. 3025/ 66. 2) OJ No L 175, 29 . 6. 1973, p. 5. 3) OJ No L 106, 12. 5. 1971 , p. 1 . This Regulation, shall enter into force on 14 June 4) OJ No L 67, 15 . 3 . 1976, p. 1 . 1976 . 5) OJ No L 167, 25. 7. 1972, p. 9 . <>) OJ No L 357, 28 . 12. 1973, p. 6. 7) OJ No L 68 , 15. 3 . 1976, p. 5. ('■) OJ No L 139 , 30 . 5. 1975, p. 37. 8) OJ No L 148 , 5. 6. 1976, p. 1 . ( 12) OJ No L 118 , 5. 5 . 1976, p. 12. 9) OJ No L 79, 25. 3 . 1976, p. 29 . (») OJ No L 236, 24. 8 . 1973, p. 28 . 10) OJ No L 146, 4. 6. 1976, p. 19 . > 4) OJ No L 66, 13 . 3 . 1975, p. 11 .

No L 153/40 Official Journal of the European Communities 12. 6 . 76

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

Done at Brussels, 11 June 1976.

For the Commission

P.J. LARDINOIS

Member of the Commission