Council Regulation (EEC) No 1174/80 of 7 May 1980 amending, as regards the French franc, Regulation (EEC) No 878/77 on the exchange rates to be applied in agriculture

****

( 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 85 , 29 . 3 . 1980 , P . 45 .

COUNCIL REGULATION ( EEC ) NO 1174/80

OF 7 MAY 1980

AMENDING , AS REGARDS THE FRENCH FRANC , 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 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 779/80 ( 4 ), FIXED REPRESENTATIVE RATES FOR , AMONG OTHERS , THE FRENCH FRANC ; WHEREAS IT APPEARS ADVIDABLE TO FIX IN RESPECT OF THAT CURRENCY A NEW REPRESENTATIVE RATE MORE CLOSELY REFLECTING PRESENT ECONOMIC REALITY ;

WHEREAS IT IS NECESSARY TO PROVIDE FOR THE IMMEDIATE ENTRY INTO EFFECT OF THIS NEW REPRESENTATIVE RATE , WHILE AT THE SAME TIME TAKING ACCOUNT OF THE SPECIAL NEEDS IN SOME SECTORS ;

WHEREAS THE MONETARY COMMITTEE WILL BE CONSULTED ; WHEREAS , IN VIEW OF THE URGENCY INVOLVED , THE MEASURES ENVISAGED SHOULD BE ADOPTED IN ACCORDANCE WITH THE CONDITIONS LAID DOWN IN ARTICLE 3 ( 2 ) OF REGULATION NO 129 ,

HAS ADOPTED THIS REGULATION :

ARTICLE 1

ARTICLE 2A ( 3 ) ( C ) OF REGULATION ( EEC ) NO 878/77 SHALL BE REPLACED BY THE FOLLOWING :

' ( C ) THE REPRESENTATIVE RATE OF 1 FRENCH FRANC À 0.171028 ECU SHALL APPLY WITH EFFECT FROM :

- 12 MAY 1980 FOR THE MILK AND MILK PRODUCTS , BEEF AND VEAL AND PIGMEAT SECTORS ,

- 1 JULY 1980 FOR THE SUGAR AND ISOGLUCOSE SECTORS ,

- 1 AUGUST 1980 FOR THE CEREALS , EGGS , POULTRY , OVALBUMIN AND LACTALBUMIN SECTORS ,

- 16 DECEMBER 1980 IN THE WINE SECTOR ; HOWEVER , OTHER DATES MAY BE FIXED FOR DISTILLATION OPERATORS ,

- 1 JANUARY 1981 FOR THE FISHERY PRODUCTS SECTOR ,

- THE BEGINNING OF THE 1980/81 MARKETING YEAR FOR THE OTHER PRODUCTS FOR WHICH THERE EXISTS A MARKETING YEAR ,

- 12 MAY 1980 IN ALL OTHER CASES . '

ARTICLE 2

THIS REGULATION SHALL ENTER INTO FORCE ON 12 MAY 1980 .

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

DONE AT BRUSSELS , 7 MAY 1980 .

FOR THE COUNCIL

THE PRESIDENT

G . MARCORA