31976R2596

27 . 10 . 76 Official Journal of the European Communities No L 296/ 11

COUNCIL REGULATION ( EEC) No 2596/76

of 26 October 1976

amending Regulation ( EEC) No 557/76 as regards the exchange rate to be applied, in the agricultural sector, for the Danish kroner

THE COUNCIL OF THE EUROPEAN HAS ADOPTED THIS REGULATION : COMMUNITIES , Article 1 Having regard to the Treaty establishing the European Economic Community, In Article 2 ( 1 ) of Regulation ( EEC) No 557/76, point (b) shall be replaced by the following : Having regard to Council Regulation No 129 on the '(b) for the Danish kroner : value of the unit of account and the exchange rates to Dkr 1 = 0-126677 unit of account ;'. be applied for the purpose of the common agricultural policy ('), as last amended by Regulation ( EEC) No Article 2 2543/73 (2), and in particular Article 3 thereof, The following paragraph shall be added to Article 2 of Having regard to the proposal from the Commission, Regulation ( EEC) No 557/76 : Whereas Council Regulation (EEC) No 557/76 of 15 ' 5. The representative rate for the Danish March 1976 on the exchange rates to be applied in kroner as fixed by Regulation (EEC) No 2596/76 agriculture and repealing Regulation (EEC) No shall be applicable from : 475/75 (3 ), as last amended by Regulation ( EEC) No (a) the dates referred to in paragraph 2 (b) and (c) 2423/76 (4), fixed a representative rate for the Danish for the products mentioned therein ; kroner ; whereas the movement of this currency indi­ cates the advisability of fixing a new representative (b) the beginning of the 1976/77 marketing year rate which reflects more closely the real economic situ­ for the other products for which the marketing ation ; whereas this rate should be applied in principle year has not commenced by 28 October 1976 ; on the dates when prices are changed ; (c) 28 October 1976 in all other cases.'.

Whereas the Monetary Committee will be consulted ; Article 3 whereas, in view of the urgency of the matter, the proposed measures should be adopted under the This Regulation shall enter into force on the day conditions laid down in Article 3 (2) of Regulation No following its publication in the Official Journal of 129 , the European Communities.

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

Done at Luxembourg, 26 October 1976.

For the Council

The President

A. P. L. M. M. van der STEE

(') 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 . (4 OJ No L 274, 6 . 10 . 1976, p. 1 .