31976R1451

24 . 6 . 76 Official Journal of the European Communities No L 163 / 5

COUNCIL REGULATION ( EEC) No 1451 /76

of 22 June 1976

amending Regulation (EEC) No 557/76 on the exchange rates to be applied in agriculture

THE COUNCIL OF THE EUROPEAN justified only if the persons concerned were placed at COMMUNITIES, a disadvantage as a result of the fixing of the new representative rates ; Having regard to the Treaty establishing the European Economic Community, Whereas, if this right were widely exercised, it could in certain cases seriously hinder good Community Having regard to Council Regulation No 129 on the administration of a given agricultural market ; whereas value of the unit of account and the exchange rates to provision should therefore be made for it to be be applied for the purposes of the common agricul­ replaced by the right to compensation for the disad­ tural policy ( ! ), as last amended by Regulation (EEC) vantage suffered, No 2543/73 (2 ), and in particular Article 3 thereof,

Having regard to the proposal from the Commission, HAS ADOPTED THIS REGULATION :

Whereas Council Regulation ( EEC) No 557/76 of 15 Article 1 March 1976 on the exchange rates to be applied in agriculture and repealing Regulation (EEC) No The following subparagraph is hereby added to Article 475/75 (3), as last amended by Regulation (EEC) No 5 (2) of Regulation (EEC) No 557/76 : 1020/76 (4), in particular extended to the cases 'Provision may be made for this disadvantage to be provided for in Regulation (EEC) No 557/76 certain compensated for by a suitable measure. In such a provisions of Council Regulation (EEC) No 1134/68 case, the provisions referred to in the first subpara­ of 30 July 1968 laying down rules for the implementa­ graph shall not apply'. tion of Regulation (EEC) No 653/68 on conditions for alterations to the value of the unit of account used for Article 2 the common agricultural policy (5) ; whereas, however, as regards the right to cancel certificates or documents This Regulation shall enter into force on the day of its which refer to amounts fixed in advance, it was publication in the Official Journal of the European Communities. provided that the exercise of such a right would be

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

Done at Luxembourg, 22 June 1976.

For the Council

The President

J. HAMILIUS

(') OJ No 106, 30 . 10 . 1962, p . 2553/62. (2 ) OJ No L 263 , 19 . 9 . 1973 , p. 1 . (3 ) OJ No L 67, 15 . 3 . 1976, p . 1 . (") OJ No L 115, 1 . 5 . 1976, p. 66 . (5 OJ No L 188 , 1 . 8 . 1968 , p . 1 .