31981R3398

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COUNCIL REGULATION ( EEC ) NO 3398/81

OF 27 NOVEMBER 1981

AMENDING , AS REGARDS THE ITALIAN LIRA , 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 2923/81 ( 4 ) , FIXED REPRESENTATIVE RATES FOR , AMONG OTHERS , THE ITALIAN LIRA ; WHEREAS IT APPEARS ADVISABLE 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

ANNEX VII TO REGULATION ( EEC ) NO 878/77 IS HEREBY REPLACED BY THE ANNEX TO THIS REGULATION .

ARTICLE 2

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 , 27 NOVEMBER 1981 .

FOR THE COUNCIL

THE PRESIDENT

P . WALKER

( 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 291 , 12 . 10 . 1981 , P . 1 .

ANNEX

" ANNEX VII

ITALY

1 . 1 ECU = 1 258,00 ITALIAN LIRE .

THIS RATE SHALL APPLY WITH EFFECT FROM :

- 30 NOVEMBER 1981 FOR THE MILK AND MILK PRODUCTS , BEEF AND VEAL , PIGMEAT , OLIVE OIL AND WINE SECTORS ; HOWEVER , FOR THE WINE SECTOR , OTHER DATES MAY BE FIXED FOR DISTILLATION OPERATIONS AND FOR THE AID REFERRED TO IN ARTICLES 14 AND 14A OF REGULATION ( EEC ) NO 337/79 ,

- 1 JANUARY 1982 FOR THE FISHERY PRODUCTS SECTOR ,

- 1 JULY 1982 FOR THE SUGAR AND ISOGLUCOSE SECTOR ,

- 1 AUGUST 1982 FOR THE CEREALS , EGGS AND POULTRYMEAT AND OVALBUMIN AND LACTALBUMIN SECTORS ,

- THE BEGINNING OF THE 1982/83 MARKETING YEAR FOR THE OTHER PRODUCTS FOR WHICH A MARKETING YEAR EXISTS ,

- 30 NOVEMBER 1981 IN ALL OTHER CASES .

2 . UNTIL THE DATES GIVEN IN POINT 1 , THE FOLLOWING RATE SHALL APPLY :

1 ECU = 1 157,79 ITALIAN LIRE FOR THE FISHERY PRODUCTS SECTOR ;

1 ECU = 1 227,00 ITALIAN LIRE IN ALL OTHER CASES . "