20.2.81 OfficialJournaloftheEuropeanCommunities NoL47/41
COMMISSION REGULATION (EEC)No437/81
of19February1981
fixingthecorrectiveamountapplicabletotherefundoncereals
THECOMMISSION OFTHEEUROPEAN
COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity ,
HavingregardtoCouncilRegulation(EEC)No
2727/75of29October1975onthecommonorgani­
zationofthemarketincereals('),aslastamendedby
theActofAccessionofGreece(2),andinparticularthe
thirdsentenceofthesecondsubparagraphofArticle
16(4)thereof,
HavingregardtoCouncilRegulation (EEC)No
2746/75of29October1975layingdowngeneralrules
forgrantingexportrefundsoncerealsandcriteriafor
fixingtheamountofsuchrefunds(3),
HavingregardtotheopinionoftheMonetary
Committee ,
WhereasArticle16(4)ofRegulation (EEC)No
2727/75providesthattheexportrefundapplicableto
cerealsonthedayonwhichapplicationforanexport
licenceismade,adjustedforthethresholdpricein
forceduringthemonthofexportation,mustbe
appliedonrequesttoexportstobeeffectedduringthe
periodofvalidityoftheexportlicence;whereas,in
thiscase,acorrectiveamountmustbeappliedtothe
refund;
WhereasCouncilRegulation(EEC)No2744/75of29
October1975ontheimportandexportsystemfor
productsprocessedfromcerealsandfromrice(4),as
lastamendedbyRegulation(EEC)No2245/78(*),
madepossiblethefixingofacorrectiveamountfor
certainproductslistedinArticle1(c)ofRegulation
(EEC)No2727/75;
WhereasRegulation(EEC)No1281/75(6)laiddown
detailedrulesfortheadvancefixingofexportrefunds
forcerealsandcertainproductsprocessedfrom
cereals;Whereas,pursuanttothatRegulation,whenthe
correctiveamountisbeingfixed,accountmustbe
takenoftheexistingsituationandthefuturetrend
withregardtopricesandavailabilitiesofcerealsonthe
Communitymarketontheonehandandpossibilities
andconditionsforthesaleofcerealsandcereal
productsontheworldmarketontheother;whereas
thesameRegulationprovidesthatitisalsoimportant
toensureequilibriumandthenaturaldevelopmentof
pricesandtradeoncerealmarketsand,furthermore,to
takeintoaccounttheeconomicaspectofexportsand
theneedtoavoiddisturbancesontheCommunity
market;
WhereasfortheproductslistedinArticle1(c)of
Regulation (EEC)No2727/75accountshouldbe
takenofthespecificcriterialaiddowninArticle2(2)
ofRegulation(EEC)No1281/75;
Whereastheworldmarketsituationorthespecific
requirementsofcertainmarketsmaymakeitnecessary
tovarythecorrectiveamountaccordingtodesti­
nation;
Whereasthecorrectiveamountmustbefixedatthe
sametimeastherefundandaccordingtothesame
procedure;whereasitmaybealteredintheperiod
betweenfixings;
Whereasitmaybealteredintheperiodbetween
fixings;
Whereas,ifthesystemofcorrectiveamountsisto
operatenormally,correctiveamountsshouldbecalcu­
latedonthefollowingbasis:
—inthecaseofcurrencieswhicharemaintainedin
relationtoeachotheratanygivenmomentwithin
abandof2-25%,arateofexchangebasedon
theireffectiveparity;
—forothercurrencies,anexchangeratebasedonthe
arithmeticmeanofthespotmarketratesofeachof
thesecurrenciesrecordedforagivenperiodin
relationtotheCommunitycurrenciesreferredto
intheprecedingindent;
Whereasitfollowsfromapplyingtheprovisionsset
outabovethatthecorrectiveamountmustbeasset
outintheAnnexhereto;
WhereasthemeasuresprovidedforinthisRegulation
areinaccordancewiththeopinionoftheManagement
CommitteeforCereals,(')OJNoL281,1.11.1975,p.1.
P)OJNoL291,19.11.1979,p.17.
(3)OJNoL281,1.11.1975,p.78.
(«)OJNoL281,1.11.1975,p.65.
(0OJNoL273,29.9.1978,p.1.
')OJNoL131,22.5.1975,p.15.

NoL47/42 OfficialJournaloftheEuropeanCommunities 20.2.81
exportrefundsfixedinadvanceinrespectofcereals
shallbeassetoutintheAnnexhereto.HASADOPTEDTHISREGULATION :
Article1Article2
ThecorrectiveamountreferredtoinArticle16(4)of
Regulation(EEC)No2727/75whichisapplicabletoThisRegulationshallenterintoforceon20February
1981.
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,19February1981.
FortheCommission
PoulDALSAGER
MemberoftheCommission
ANNEX
totheCommissionRegulationof19February1981fixingthecorrectiveamountappli­
cabletotherefundoncereals
(ECU/tonne)
CCT
heading
NoDescriptionCurrent
21st
period
32nd
period
43rd
period
54th
period
65th
period
76th
period
8
10.01ACommonwheat,andmesiin
forexportto:
—USSR
—China 0+500+500+500+7-00+500+500
—otherthirdcountries 0000+20000
10.01BDurumwheat 000 — — — —
10.02 Rye 000 — — — —
10.03 Barley
forexportto:
—USSR
—otherthirdcountries 00+300+5-00+5-00
10.04 Oats 000 — — — —
10.05BMaizeotherthanhybridmaize
forsowing— — — — — — —
10.07CGrainsorghum— — — — — — —
11.01ACommonwheatflour 00000 — —
11.01BRyeflour 00000 — —
11.02AIa)Durumwheatgroatsandmeal 00000 — —
11.02AIb)Commonwheatgroatsand
meal 00000 — —
N.Is.ThezonesarethosedefinedinRegulation(EEC)No1124/77(OJNoL134,28.5.1977).