31977R2840

CELEX: 31977R2840
Datum: 1977-12-19
Källa: eur-lex.europa.eu

21 . 12. 77 Official Journal of the European Communities No L 328/ 1

(Acts whose publication is obligatory)

COUNCIL REGULATION (EEC) No 2840/ 77 of 19 December 1977 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 HAS ADOPTED THIS REGULATION : COMMUNITIES , Having regard to the Treaty establishing the European Article / Economic Community, In Article 2 ( 1 ) of Regulation (EEC) No 878 /77, sub Having regard to Council Regulation No 129 on the paragraph (d) is hereby amended to read as follows : value of the unit of account and the exchange rates to be applied for the purposes of the common agricul '(d) for the French franc : tural policy ('), as last amended by Regulation (EEC) one French franc = 0-168670 unit of No 2543 /73 (2 ), and in particular Article 3 thereof, account'.

Having regard to the proposal from the Commission , Article 2 Whereas Council Regulation ( EEC) No 878 /77 of 26 April 1977 on the exchange rates to be applied in agri The following paragraph is hereby added to Article 2 culture (3 ), as last amended by Regulation ( EEC) No of Regulation ( EEC) No 878 /77 : 2024/77 (4), fixed a representative rate for the French franc ; whereas the fluctuations of that currency make '4 . The representative rate for the French franc it appropriate that a new representative rate should be fixed by Regulation (EEC) No 2840/77 shall apply fixed be fixed at a level closer to present economic with effect from 1 February 1978 '. reality ; whereas that rate should be applied with effect from 1 February 1978 ; Article J Whereas the Monetary Committee will be consulted ; whereas, in view of the urgency of the matter, the This Regulation shall enter into force on the day of its measures envisaged should be adopted in the manner publication in the Official Journal of the European specified in Article 3 (2) of Regulation No 129 , Communities.

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

Done at Brussels , 19 December 1977 .

For the Council The President H. SIMONET

(') OJ No 106, 30 . 10 . 1962, p . 2553 /62 . (') OJ No L 263 , 19 . 9 . 1973 . p. 1 . (-') O J No L 106 , 29 . 4 . 1977, p. 27 . ( 4 ) OJ No L 235 , 14 . 9 . 1977, p. I.