31976R3206
No L 362/4 Official Journal of the European Communities 31 . 12. 76
COUNCIL REGULATION (EEC) No 3206/76 of 21 December 1976 amending Regulation (EEC) No 557/76 on the exchange rates to be applied in agriculture (or the Irish pound
THE COUNCIL OF THE EUROPEAN HAS ADOPTED THIS REGULATION : COMMUNITIES , Having regard to the Treaty establishing the European Article 1 Economic Community, Having regard to Council Regulation No 129 on the Point (e) of Article 2 ( 1 ) of Regulation (EEC) No value of the unit of account and the exchange rates to 557/76 is replaced by the following : be applied for the purposes of the common agricul '(e) for the Irish pound : tural policy ^), as last amended by Regulation (EEC) No 2543/73 (2), and in particular Article 3 thereof, £1 (Irish) = 1-44212 units of account
Having regard to the proposal from the Commission, Whereas Council Regulation (EEC) No 557/76 of 15 Article 2 March 1976 on the exchange rates to be applied in agriculture and repealing Regulation (EEC) No The following paragraph is added to Article 2 of Regu 475/75 (3), as last amended by Regulation (EEC) No lation (EEC) No 557/76 : 2596/76 (4), fixed the representative rate for the Irish '6. The representative rate for the Irish pound pound ; whereas the movement of this currency indi fixed in Article 1 ( 1 ) of Regulation (EEC) No cates the advisability of fixing a new representative 3206/76 shall apply from 17 January 1977.' rate which would reflect more closely the real current economic situation ; Whereas the Monetary Committee will be consulted ; Article 3 whereas, in view of the urgency of the matter, the proposed measures should be adopted in the manner This Regulation shall enter into force on 17 January provided for in Article 3 (2) of Regulation No 129, 1977 .
This Regulation shall be binding in its entirety and directly applicable in all Member States .
Done at Brussels, 21 December 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 . («) OJ No L 296, 27. 10 . 1976, p . 11 .