NoL319/24 OfficialJournaloftheEuropeanCommunities 29.11.74
REGULATION (EEC)No2997/74OFTHECOMMISSION
of28November 1974
fixingtheexportrefundsonriceandbrokenrice
whentheexportrefundonriceandbrokenriceis
beingcalculated;
Whereastheworldmarketsituationorthespecific
requirements ofcertainmarketsmaymakeitneces­
sarytovarytherefundforcertainproductsaccording
todestination ;
Whereastherefundmustbefixedonceaweek;
whereasitmaybealteredintheinterveningperiod;
Whereas,iftherefundsystemistooperatenormally,
refundsshouldbecalculatedonthefollowingbasis:
—inthecaseofcurrencieswhicharemaintainedin
relationtoeachother,atanygivenmoment,
withinabandof2"25%,arateofexchangebased
ontheireffectiveparity;
—forothercurrenciesanexchangeratebasedonthe
arithmeticmeanofthespotmarketratesofeach
ofthesecurrenciesrecordedforagivenperiod,in
relationtotheCommunitycurrenciesreferredto
intheprevioussubparagraph ;
Whereasitfollowsfromapplyingtheserulesand
criteriatothepresentsituationonthemarketinrice
andinparticulartoquotationsorpricesforriceand
brokenricewithintheCommunityandontheworld
marketthattherefundshouldbefixedattheamounts
shownintheAnnextothisRegulation ;
WhereasthemeasuresprovidedforinthisRegulation
areinaccordancewiththeOpinionoftheManage­
mentCommitteeforCereals,THECOMMISSION OFTHEEUROPEAN
COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity ;
HavingregardtoCouncilRegulationNo359/
67/EEC(1)of25July1967onthecommonorganiza­
tionofthemarketinrice,aslastamendedbyRegula­
tion(EEC)No1129/74(2),andinparticularthefirst
sentenceofthefourthsubparagraph ofArticle17(2)
thereof;
HavingregardtotheOpinionoftheMonetary
Committee ;
WhereasArticle17ofRegulationNo359/67/EEC
providesthatthedifferencebetweenquotationsor
pricesontheworldmarketfortheproductslistedin
Article1ofthatRegulationandpricesforthose
productswithintheCommunitymaybecoveredby
anexportrefund;
WhereasArticle2ofCouncilRegulationNo366/
67/EEC(3)of25July1967layingdowngeneralrules
forgrantingexportrefundsonriceandcriteriafor
fixingtheamountofsuchrefunds,asamendedby
RegulationNo1019/67/EEC(4)providesthatwhen
refundsarebeingfixedaccountmustbetakenofthe
existingsituationandthefuturetrendwithregardto
pricesandavailabilitiesofriceandbrokenriceonthe
Communitymarketontheonehandandpricesfor
riceandbrokenriceontheworldmarketonthe
other;whereasthesameArticleprovidesthatitisalso
importanttoensureequilibriumandthenaturaldevel­
opmentofpricesandtradeonthericemarketand,
furthermore ,totakeintoaccounttheeconomicaspect
oftheproposedexportsandtheneedtoavoiddistur­
banceoftheCommunitymarket;
WhereasRegulationNo669/67/EEC(5),asamended
byRegulation (EEC)No1057/68(6)laysdownthe
maximumpercentageofbrokenriceallowedinrice
forwhichanexportrefundisfixedandspecifiesthe
percentagebywhichthatrefundistobereduced
wheretheproportionofbrokenriceintherice
exportedexceedsthatmaximum ;
WhereasArticle3ofRegulationNo366/67/EEC
definesthespecificcriteriatobetakenintoaccountHASADOPTED THISREGULATION :
Article1
TherefundsontheproductslistedinArticle1of
RegulationNo359/67/EECwiththeexceptionof
thoselistedinparagraph 1(c)ofthatArticle,exported
inthenaturalstate,areherebyfixedasshowninthe
AnnextothisRegulation .
(i)OJNo174,31.7.1967,p.1.
(2)OJNoL128,10.5.1974,p.20. Article2
ThisRegulationshallenterintoforceon1December
1974.0OJNo174,31.7.1967,p.34.
(4)OJNo311,21.12.1967,p.13.
(»)OJNo241,5.10.1967,p.6.
(6)OJNoL179,25.7.1968,p.31.

29.11.74 OfficialJournaloftheEuropeanCommunities NoL319/25
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,28November1974.
FortheCommission
P.J.LARDINOIS
MemberoftheCommission
ANNEX
totheCommissionRegulationof28November1974fixingtheexportrefundsonriceand
brokenrice
(u.a./100kg)
CCT
heading
NoDescriptionofgoodsAmountof
refund
10.06 Rice:
A.Paddyrice;huskedrice:
I
II.Huskedrice:
a)Roundgrained-
b)Longgrained—
B.Semi-milledorwhollymilledrice:
I.Semi-milled rice:
a)Roundgrained—
b)Longgrained—
jII.Whollymilledrice:
a)Roundgrained—
Î
!b)Longgrained—
1C.Brokenrice:—
TheamountbywhichtherefundsmaybeincreasedpursuanttoArticle1ofRegulationNo719/
67/EECis0-20u.a./100kg.