1.4.89 OfficialJournaloftheEuropeanCommunities NoL89/27
COMMISSION REGULATION (EEC)No837/89
of31March1989
fixingthecorrectiveamountapplicabletotherefundonriceandbrokenrice
THECOMMISSION OFTHEEUROPEAN COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity ,
HavingregardtotheActofAccessionofSpainand
Portugal,
HavingregardtoCouncilRegulation(EEC)No1418/76
of21June1976onthecommonorganizationofthe
marketinrice(l),aslastamendedbyRegulation(EEC)
No2229/88(2),andinparticularthesecondsubparagraph
ofArticle17(4)thereof,dancewithArticle3(2)ofCouncilRegulation(EEC)No
1428/760,basedinrespectofeachmonthforwhichthe
exportlicenceisvalid,onthecifpricecalculatedonthe
basisofoffersforshipmentduringthemonthofexporta­
tion;
Whereas,iftherefundsystemistooperatenormally,
refundsshouldbecalculatedonthefollowingbasis:
—inthecaseofcurrencieswhicharemaintainedinrela­
tiontoeachotheratanygivenmomentwithinaband
of2,25%,arateofexchangebasedontheircentral
rate,multipliedbythecorrectivefactorprovidedforin
thelastparagraphofArticle3(1)ofCouncilRegula­
tion(EEC)No1676/85(*),aslastamendedbyRegula­
tion(EEC)No1636/87Q,
—forothercurrencies,anexchangeratebasedonthe
arithmeticmeanofthespotmarketratesofeachof
thesecurrenciesrecordedforagivenperiodinrela­
tiontotheCommunitycurrenciesreferredtointhe
previousindent,andtheaforesaidcoefficient;
Whereasitfollowsfromapplyingtheprovisionssetout
abovethatthecorrectiveamountmustbeassetoutinthe
Annexhereto;
WhereasthemeasuresprovidedforinthisRegulationare
inaccordancewiththeopinionoftheManagement
CommitteeforCereals,HavingregardtotheopinionoftheMonetaryCommittee,
WhereasthefirstsubparagraphofArticle17(4)ofRegu­
lation(EEC)No1418/76providesthattheexportrefund
applicabletoriceandbrokenriceonthedayonwhich
applicationforanexportlicenceismade,adjustedforthe
thresholdpricewhichwillbeinforceduringthemonth
ofexportation,mustbeappliedonrequesttoexportsto
beeffectedduringtheperiodofvalidityofthelicence;
WhereasRegulationNo474/67/EECoftheCommis­
sion(3),asamendedbyRegulation(EEC)No1397/68(4),
laysdowndetailedrulesfortheadvancefixingofthe
exportrefundonriceandbrokenrice;
HASADOPTEDTHISREGULATION :
WhereasthatRegulationprovidesthattherefundappli­
cableonthedayonwhichapplicationforanexport
licenceismademust,whenitisfixedinadvance,be
reducedbyanamountnogreaterthanthedifference
betweenthecifforwarddeliverypriceandthecifprice,
wheretheformerexceedsthelatterbymorethanECU
0,30pertonne;whereasontheotherhand,therefund
mustbeincreasedbyanamountnogreaterthanthe
differencebetweenthecifpriceandthecifforwarddeli­
veryprice,wheretheformerexceedsthelatterbymore
thanECU0,30pertonne;Article1
ThecorrectiveamountreferredtoinArticle17(4)of
Regulation(EEC)No1418/76whichisapplicabletothe
exportrefundsfixedinadvanceinrespectofriceand
brokenriceshallbeassetoutintheAnnexhereto.
Whereasthecifpriceisthatdeterminedinaccordance
withArticle16ofRegulation(EEC)No1418/76;whereas
thecifforwarddeliverypriceisthatdeterminedinaccor­Article2
ThisRegulationshallenterintoforceon1April1989.
(')OJNoL166,25.6.1976,p.1.0OJNoL197,26.7.1988,p.30. OOJNoL166,25.6.1976,p.30.
OOJNoL164,24.6.1985,p.1.oOJNoL153,13.6.1987,p.1.oOJNo204,24.8.1967,p.20.
(<)OJNoL222,10.9.1968,p.6.

NoL89/28 OfficialJournaloftheEuropeanCommunities 1.4.89
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,31March1989.
FortheCommission
RayMACSHARRY
MemberoftheCommission

1.4.89 Official ;JournaloftheEuropeanCommunities NoL89/29
ANNEX
totheCommissionRegulationof31March1989fixingthecorrectiveamountapplicableto
therefundonriceandbrokenrice
(ECU/tonne)
ProductcodeCurrent
41stperiod
52ndperiod
63rdperiod
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10063063900
10063065100
10063065900
10063067100
10063067900
10063092000
10063094100
10063094900
10063096100
10063096900
10063098100
10063Q98900
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