31977R2806

No L 322/ 10 Official Journal of the European Communities 17 . 12. 77

COUNCIL REGULATION ( EEC) No 2806/77 of 12 December 1977 amending Regulation (EEC) No 1169/77 as regards the exchange rates applicable in respect of the 1976 tobacco crop

THE COUNCIL OF THE EUROPEAN Whereas the Member States in question have been COMMUNITIES, unable to dispose fully of the 1976 tobacco crop ; whereas it is therefore necessary that in the Member Having regard to the Treaty establishing the European States concerned the exchange rates applicable for the Economic Community, purposes of the premiums for the 1976 tobacco crop Having regard to Council Regulation No 129 on the year should remain in force over a period within value of the unit of account and the exchange rates to which full disposal may be expected ; be applied for the purposes of the common agricul­ Whereas the Monetary Committee will be consulted ; tural policy ('), as last amended by Regulation (EEC) whereas, in view of the urgency of the matter, the No 2543/73 (2), and in particular Article 3 thereof, measures envisaged should be adopted in the manner Having regard to the proposal from the Commission, provided for in Article 3 (2) of Regulation No 129,

Whereas Regulation (EEC) No 11 69/77 (3) fixed for HAS ADOPTED THIS REGULATION : the 1977 crop the norm and intervention prices, the premiums granted to purchasers of leaf tobacco and the derived intervention prices for baled tobacco ; Article 1 whereas, under Article 3 of that Regulation , the exchange rate to be applied in Germany and the The date '31 December 1977' specified in Article 3 of Benelux countries for the purposes of the premiums Regulation (EEC) No 1169/77 is replaced by '31 March 1978 '. for the 1976 tobacco crop is, until 31 December 1977, to be the representative rate applicable to the curren­ cies in question prior to 1 May 1977 ; Article 2

Whereas the Article 3 in question was adopted to This Regulation shall enter into force on the day ensure that the same premium was granted in respect following its publication in the Official Journal of of the entire crop of one year ; the European Communities.

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

Done at Brussels, 12 December 1977 .

For the Council The President

A. HUMBLET

(') O ) No 106, 30 . 10 . 1962, p . 2553 / 62 . (2 ) OJ No L 263 , 19 . 9 . 1973 , p . 1 . ( 3 ) OJ No L 137, 3 . 6 . 1977, p. 4 .