22.2.74 OfficialJournaloftheEuropeanCommunities NoL50/7
REGULATION (EEC)No432/74OFTHECOMMISSION
of21February1974
fixingtherefundsapplicabletocerealsandwheatorryeflour,groatsandmeal
thesequantitieswerefixedinRegulationNo162/
67/EEC(4),asamendedbyRegulation (EEC)No
1607/71(5);
Whereastheworldmarketsituationorthespecific
requirements ofcertainmarketsmaymakeitneces­
sarytovarytherefundforcertainproductsaccording
todestination ;
Whereastherefundmustbefixedonceaweek;
whereasitmaybealteredintheinterveningperiod;
Whereas,iftherefundsystemistooperatenormally,
refundsshouldbecalculatedonthefollowingbasis:
—inthecaseofcurrencieswhicharemaintainedin
relationtoeachother,atanygivenmoment,
withinabandof2*25%,arateofexchangebased
ontheireffectiveparity;
—forothercurrenciesanexchangeratebasedonthe
arithmeticmeanofthespotmarketratesofeach
ofthesecurrenciesrecordedforagivenperiod,in
relationtotheCommunitycurrenciesreferredto
intheprevioussubparagraph ;
Whereasitfollowsfromapplyingtherulesoutlined
abovetothepresentsituationonthemarketin
cereals,andinparticulartoquotationsorpricesfor
theseproductswithintheCommunityandonthe
worldmarket,thattherefunds,shouldbefixedas
shownintheAnnextothisRegulation ;
WhereasthemeasuresprovidedforinthisRegulation
areinaccordancewiththeOpinionoftheManage­
mentCommitteeforCereals,THECOMMISSION OFTHEEUROPEAN
COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity ;
HavingregardtoCouncilRegulationNo120/
67/EEC(J)of13June1967onthecommonorganiza­
tionofthemarketincereals,aslastamendedbyRegu­
lation(EEC)No1346/73(2),andinparticularthefirst
sentenceofthefourthsubparagraph ofArticle16(2)
thereof;
HavingregardtotheOpinionoftheMonetary
Committee ;
WhereasArticle16ofRegulationNo120/67/EEC
providesthatthedifferencebetweenquotationsor
pricesontheworldmarketfortheproductslistedin
Article1ofthatRegulationandpricesforthose
productsintheCommunitymaybecoveredbyan
exportrefund;
WhereasArticle2ofCouncilRegulationNo139/
67/EEC(3)of21June1967layingdowngeneralrules
forgrantingexportrefundsoncerealsandcriteriafor
fixingtheamountofsuchrefundsprovidesthatwhen
refundsarebeingfixedaccountmustbetakenofthe
existingsituationandthefuturetrendwithregardto
pricesandavailabilitiesofcerealsontheCommunity
marketontheonehandandpricesforcerealsand
cerealproductsontheworldmarketontheother;
whereasthesamearticleprovidesthatitisalsoimpor­
tanttoensureequilibriumandthenaturaldevelop­
mentofpricesandtradeoncerealmarketsand,
furthermore ,totakeintoaccounttheeconomicaspect
oftheproposedexportsandtheneedtoavoiddistur­
bancesontheCommunitymarket;
WhereasArticle3ofRegulationNo139/67/EEC
definesthespecificcriteriatobetakenintoaccount
whentherefundoncerealsisbeingcalculated;
Whereasthesespecificcriteriaaredefined,asfaras
wheatandryeflour,groatsandmealareconcerned,in
Article4ofRegulationNo139/67/EEC;whereas,
furthermore ,whentherefundontheseproductsis
beingcalculated,accountmustbetakenofthequanti­
tiesofcerealsrequiredfortheirmanufacture ;whereasHASADOPTEDTHISREGULATION :
Article1
TherefundsontheproductslistedinArticle1(a),(b)
and(c)ofRegulationNo120/67/EEC,exportedinthe
naturalstate,areherebyfixedasshownintheAnnex
tothisRegulation .
Article2
ThisRegulationshallenterintoforceon22February
1974.
(!)OJNo117,19.6.1967,p.2269/67.
(2)OJNoL141,28..5.1973,p.8. (4)OJNo128,27.6.1967,p.2574/67.
(3)OJNo125,26.6.1967,p.2453/67. (5)OJNoL168,27.7.1971,p.16.

NoL50/8 OfficialJournaloftheEuropeanCommunities 22.2.74
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,21February1974.
FortheCommission
P.J.LARDINOIS
MemberoftheCommission

22.2.74 OfficialJournaloftheEuropeanCommunities NoL50/9
ANNEX
totheCommissionRegulationof21February1974fixingtherefundsapplicabletocereals
andcertaincategoriesofwheatorryeflour,groatsandmeal
(iu.aJt)
CCTheading
No Descriptionofproducts Refund
10.01ACommonwheat,andmesiin
10.01BDurumwheat —
10.02Rye(*)—
10.03 Barley—
10.04 Oats—
10.05BMaize(otherthanhybridmaizeforsowing)—
10.07CGrainsorghum—
ex11.01AWheatflour:
—ofanashcontentof0to520—
—ofanashcontentof521to600—
—ofanashcontentof601to900—
—ofanashcontentof901to1100—
—ofanashcontentof1101to1650—
—ofanashcontentof1651to1900—
ex11.01BRyeflour:
—ofanashcontentof0to700—
—ofanashcontentof701to1150—
—ofanashcontentof1151to1600—
—ofanashcontentof1601to2000—
11.02AlaDurumwheatgroatsandmeal:
—ofanashcontentof0to950—
—ofanashcontentof951to1300—
—ofanashcontentof'1301to1500—
11.02AIbCommonwheatgroatsandmeal:
—ofanashcontentof0to520
(l)TherefundisgrantedsolelyinrespectofryewhichhasnotbeendenaturedpursuanttoArticle7(3)and(5)ofRegu­
lationNo120/67/EEC.
TheamountbywhichtherefundmaybeincreasedpursuanttoArticle1ofRegulationNo587/
67/EECis2u.a./ton.