Avis juridique important

Council Regulation (EEC) No 470/78 of 7 March 1978 amending Regulation (EEC) No 878/77 as regards the exchange rate for the French franc to be applied in agriculture Official Journal L 065 , 08/03/1978 P. 0001 - 0001 Greek special edition: Chapter 03 Volume 20 P. 0142

**** ( 1 ) OJ NO 106 , 30 . 10 . 1962 , P . 2553/62 . ( 2 ) OJ NO L 263 , 19 . 9 . 1973 , P . 1 . ( 3 ) OJ NO L 106 , 29 . 4 . 1977 , P . 27 . ( 4 ) OJ NO L 46 , 17 . 2 . 1978 , P . 1 . COUNCIL REGULATION ( EEC ) NO 470/78 OF 7 MARCH 1978 AMENDING REGULATION ( EEC ) NO 878/77 AS REGARDS THE EXCHANGE RATE FOR THE FRENCH FRANC TO BE APPLIED IN AGRICULTURE THE COUNCIL OF THE EUROPEAN COMMUNITIES , HAVING REGARD TO THE TREATY ESTABLISHING THE EUROPEAN ECONOMIC COMMUNITY , HAVING REGARD TO COUNCIL REGULATION NO 129 ON THE VALUE OF THE UNIT OF ACCOUNT AND THE EXCHANGE RATES TO BE APPLIED FOR THE PURPOSES OF THE COMMON AGRICULTURAL POLICY ( 1 ), AS LAST AMENDED BY REGULATION ( EEC ) NO 2543/73 ( 2 ), AND IN PARTICULAR ARTICLE 3 THEREOF , HAVING REGARD TO THE PROPOSAL FROM THE COMMISSION , WHEREAS COUNCIL REGULATION ( EEC ) NO 878/77 OF 26 APRIL 1977 ON THE EXCHANGE RATES TO BE APPLIED IN AGRICULTURE ( 3 ), AS LAST AMENDED BY REGULATION ( EEC ) NO 310/78 ( 4 ), FIXED A REPRESENTATIVE RATE FOR THE FRENCH FRANC ; WHEREAS THE FLUCTUATIONS OF THAT CURRENCY MAKE IT APPROPRIATE THAT A NEW REPRESENTATIVE RATE SHOULD BE FIXED AT A LEVEL CLOSER TO PRESENT ECONOMIC REALITY ; WHEREAS THAT RATE SHOULD BE APPLIED WITH EFFECT FROM 8 MARCH 1978 ; WHEREAS THE MONETARY COMMITTEE WILL BE CONSULTED ; WHEREAS , IN VIEW OF THE URGENCY OF THE MATTER , THE MEASURES ENVISAGED SHOULD BE ADOPTED IN THE MANNER SPECIFIED IN ARTICLE 3 ( 2 ) OF REGULATION NO 129 , HAS ADOPTED THIS REGULATION : ARTICLE 1 IN ARTICLE 2 ( 1 ) OF REGULATION ( EEC ) NO 878/77 , SUBPARAGRAPH ( D ) IS HEREBY AMENDED TO READ AS FOLLOWS : ' ( D ) FOR THE FRENCH FRANC : ONE FRENCH FRANC À 0.166638 UNIT OF ACCOUNT ' . ARTICLE 2 THE FOLLOWING PARAGRAPH IS HEREBY ADDED TO ARTICLE 2 OF REGULATION ( EEC ) NO 878/77 : ' 7 . THE REPRESENTATIVE RATE FOR THE FRENCH FRANC FIXED BY REGULATION ( EEC ) NO 470/78 SHALL APPLY WITH EFFECT FROM 8 MARCH 1978 ' . ARTICLE 3 THIS REGULATION SHALL ENTER INTO FORCE ON THE DAY OF ITS PUBLICATION IN THE OFFICIAL JOURNAL OF THE EUROPEAN COMMUNITIES . THIS REGULATION SHALL BE BINDING IN ITS ENTIRETY AND DIRECTLY APPLICABLE IN ALL MEMBER STATES . DONE AT BRUSSELS , 7 MARCH 1978 . FOR THE COUNCIL THE PRESIDENT P . DALSAGER

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( 1 ) OJ NO 106 , 30 . 10 . 1962 , P . 2553/62 .

( 2 ) OJ NO L 263 , 19 . 9 . 1973 , P . 1 .

( 3 ) OJ NO L 106 , 29 . 4 . 1977 , P . 27 .

( 4 ) OJ NO L 46 , 17 . 2 . 1978 , P . 1 .

COUNCIL REGULATION ( EEC ) NO 470/78

OF 7 MARCH 1978

AMENDING REGULATION ( EEC ) NO 878/77 AS REGARDS THE EXCHANGE RATE FOR THE FRENCH FRANC TO BE APPLIED IN AGRICULTURE

THE COUNCIL OF THE EUROPEAN

COMMUNITIES ,

HAVING REGARD TO THE TREATY ESTABLISHING THE EUROPEAN ECONOMIC COMMUNITY ,

HAVING REGARD TO COUNCIL REGULATION NO 129 ON THE VALUE OF THE UNIT OF ACCOUNT AND THE EXCHANGE RATES TO BE APPLIED FOR THE PURPOSES OF THE COMMON AGRICULTURAL POLICY ( 1 ), AS LAST AMENDED BY REGULATION ( EEC ) NO 2543/73 ( 2 ), AND IN PARTICULAR ARTICLE 3 THEREOF ,

HAVING REGARD TO THE PROPOSAL FROM THE COMMISSION ,

WHEREAS COUNCIL REGULATION ( EEC ) NO 878/77 OF 26 APRIL 1977 ON THE EXCHANGE RATES TO BE APPLIED IN AGRICULTURE ( 3 ), AS LAST AMENDED BY REGULATION ( EEC ) NO 310/78 ( 4 ), FIXED A REPRESENTATIVE RATE FOR THE FRENCH FRANC ; WHEREAS THE FLUCTUATIONS OF THAT CURRENCY MAKE IT APPROPRIATE THAT A NEW REPRESENTATIVE RATE SHOULD BE FIXED AT A LEVEL CLOSER TO PRESENT ECONOMIC REALITY ; WHEREAS THAT RATE SHOULD BE APPLIED WITH EFFECT FROM 8 MARCH 1978 ;

WHEREAS THE MONETARY COMMITTEE WILL BE CONSULTED ; WHEREAS , IN VIEW OF THE URGENCY OF THE MATTER , THE MEASURES ENVISAGED SHOULD BE ADOPTED IN THE MANNER SPECIFIED IN ARTICLE 3 ( 2 ) OF REGULATION NO 129 ,

HAS ADOPTED THIS REGULATION :

ARTICLE 1

IN ARTICLE 2 ( 1 ) OF REGULATION ( EEC ) NO 878/77 , SUBPARAGRAPH ( D ) IS HEREBY AMENDED TO READ AS FOLLOWS :

' ( D ) FOR THE FRENCH FRANC :

ONE FRENCH FRANC À 0.166638 UNIT OF ACCOUNT ' .

ARTICLE 2

THE FOLLOWING PARAGRAPH IS HEREBY ADDED TO ARTICLE 2 OF REGULATION ( EEC ) NO 878/77 :

' 7 . THE REPRESENTATIVE RATE FOR THE FRENCH FRANC FIXED BY REGULATION ( EEC ) NO 470/78 SHALL APPLY WITH EFFECT FROM 8 MARCH 1978 ' .

ARTICLE 3

THIS REGULATION SHALL ENTER INTO FORCE ON THE DAY OF ITS PUBLICATION IN THE OFFICIAL JOURNAL OF THE EUROPEAN COMMUNITIES .

THIS REGULATION SHALL BE BINDING IN ITS ENTIRETY AND DIRECTLY APPLICABLE IN ALL MEMBER STATES .

DONE AT BRUSSELS , 7 MARCH 1978 .

FOR THE COUNCIL

THE PRESIDENT

P . DALSAGER