4. 11. 76 Official Journal of the European Communities No L 302/19 COUNCIL COUNCIL DIRECTIVE of 25 October 1976 amending Directive 72/159/EEC on the modernization of farms (76/837/EEC) THE COUNCIL OF THE EUROPEAN COMMUNITIES, Having regard to the Treaty establishing the European Economic Community, and in particular Article 43 thereof, Having regard to the proposal from the Commission, Having regard to the opinion of the European Parlia- ment (1), Whereas those amounts which are expressed in units of account. in Council Directives 72/159/EEC, 72/160/EEC and 72/161/EEC of 17 April 1972 on the modernization of farms (?), concerning measures to encourage the cessation of farming and the realloca- tion of utilized agricultural area for the purposes of structural improvement (*°) and concerning the provi- sion of socio-economic guidance for and the acquisi- tion of occupational skills by persons engaged in agri- culture (*) respectively, and in Council Directive 75/268/EEC of 28 April 1975 on mountain and hill farming and farming in certain less-favoured areas (%), have suffered substantial losses in purchasing power as a result of inflation ; whereas, in order to restore them to the level of financial incentive laid down, they must be increased in line with the rate of inflation which has occurred ; Whereas it is possible to introduce in stages the neces- sary increases in the amounts ; whereas, as an initial step, the amounts referred to in Article 9 (2) and Article 11 (1) of Directive 72/159/EEC urgently need to be increased ; Whereas it seems appropriate that Member States, in which the amount of aid in terms of national currency (1) OJ No C 178, 2. 8. 1976, p. 41. () OJ No L 96, 23. 4. 1972, p. 1. () OJ No L 96, 23. 4. 1972, p. 9. () OJ No L 96, 23. 4. 1972, p. 15. () OJ No L 128, 19. 5. 1975, p. 1. has already increased considerably as a result of mone- tary developments since the introduction of the system of incentives to encourage the keeping of accounts referred to in Article 11 (1) of Directive 72/159/EEC, should be authorized to fix temporarily the amount of aid at a level between the present level and the level fixed by this Directive, HAS ADOPTED THIS DIRECTIVE : Article 1 Directive 72/159/EEC shall be amendeéd as follows : 1. The amount in Article 9 (2) which, after amend- ment by Commission Regulation (EEC) No 571/76 (%) is 42060 units of account, shall be replaced by 53 333 units of account. 2. The amount in Article 11 (1) which, after amend- ment by Regulation (EEC) No $71/76 is 473 units of account, shall be replaced by 600 units of account. 3. The following subparagraph shall be added to Article 11 (1): ‘A Member State, in which the amount of aid expressed in national currency has considerably increased since the introduction of the said system, may be authorized in accordance with the proce- dure laid down in Article 18 to fix the amount of aid temporarily at a level between 473 units of account and 600 units of account. (6 OJ No L 68, 15. 3. 1976, p. 1.