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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 246 , 29 . 9 . 1979 , P . 76 .

COUNCIL REGULATION ( EEC ) NO 2717/79

OF 3 DECEMBER 1979

AMENDING , WITH RESPECT TO THE DANISH KRONER , REGULATION ( EEC ) NO 878/77 ON THE EXCHANGE RATES 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 THE REPRESENTATIVE RATES CURRENTLY APPLICABLE WERE FIXED BY 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 2139/79 ( 4 );

WHEREAS WITH EFFECT FROM 30 NOVEMBER 1979 A CHANGE IN THE CENTRAL RATE OF THE DANISH KRONER HAS OCCURRED WITHIN THE EUROPEAN MONETARY SYSTEM ; WHEREAS THIS CHANGE THEORETICALLY INVOLVES THE INTRODUCTION OF MONETARY COMPENSATORY AMOUNTS IN DENMARK ; WHEREAS IT IS POSSIBLE TO AVOID THIS EFFECT BY MAKING A CORRESPONDING CHANGE IN THE REPRESENTATIVE RATE OF THE DANISH KRONER ;

WHEREAS THIS RATE MUST BE ADOPTED IMMEDIATELY IN ORDER TO AVOID THE INTRODUCTION OF MONETARY COMPENSATORY AMOUNTS IN DENMARK ;

WHEREAS THE MONETARY COMMITTEE WILL BE CONSULTED AND WHEREAS , IN VIEW OF THE URGENCY , IT IS NECESSARY TO ADOPT THE MEASURES ENVISAGED UNDER THE CONDITIONS PROVIDED FOR IN ARTICLE 3 ( 2 ) OF REGULATION NO 129 ,

HAS ADOPTED THIS REGULATION :

ARTICLE 1

THE FOLLOWING SUBPARAGRAPH IS ADDED TO PARAGRAPH 8 OF ARTICLE 2A OF REGULATION ( EEC ) NO 878/77 :

' THIS REPRESENTATIVE RATE IS REPLACED BY THAT OF 1 DANISH KRONER À 0.129477 ECU WITH EFFECT FROM :

- 1 JANUARY 1980 IN THE FISHERIES SECTOR ,

- 5 DECEMBER 1979 IN ALL OTHER CASES . '

ARTICLE 2

THIS REGULATION SHALL ENTER INTO FORCE ON 5 DECEMBER 1979 .

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

DONE AT BRUSSELS , 3 DECEMBER 1979 .

FOR THE COUNCIL

THE PRESIDENT

B . LENIHAN