8.7.78 OfficialJournaloftheEuropeanCommunities NoL186/15
COMMISSION REGULATION (EEC)No1589/78
of7July1978
fixingthecorrectiveamountapplicabletotherefundonriceandbrokenrice
THECOMMISSION OFTHEEUROPEAN
COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity ,
HavingregardtoCouncilRegulation (EEC)No
1418/76of21June1976onthecommonorganiza­
tionofthemarketinrice(*),aslastamendedbyRegu­
lation(EEC)No1126/78(2),andinparticularthe
secondsubparagraph ofArticle17(4)thereof,
HavingregardtotheopinionoftheMonetary
Committee ,1418/76;whereasthecifforwarddeliverypriceisthat
determinedinaccordancewithArticle3(%)ofRegula­
tion(EEC)No1428/76(5),based,inrespectofeach
monthforwhichtheexportlicenceisvalid,onthecif
pricecalculatedonthebasisofoffersforshipment
duringthemonthofexportation ;
Whereas,iftherefundsystemistooperatenormally,
refundsshouldbecalculatedonthefollowingbasis:
—inthecaseofcurrencieswhicharemaintainedin
relationtoeachother,atanygivenmoment,
withinabandof2-25%,arateofexchangebased
ontheireffectiveparity;
—forothercurrencies,anexchangeratebasedonthe
arithmeticmeanofthespotmarketratesofeach
ofthesecurrenciesrecordedforagivenperiod,in
relationtotheCommunitycurrenciesreferredto
intheprevioussubparagraph ;
Whereasitfollowsfromapplyingalltheseprovisions
thatthecorrectiveamountapplicableon8July1978
mustbefixedasshowninthetableannexedtothis
Regulation ;
WhereasthemeasuresprovidedforinthisRegulation
areinaccordancewiththeopinionoftheManage­
mentCommitteeforCereals,Whereasthefirstsubparagraph ofArticle17(4)of
Regulation (EEC)No1418/76providesthatthe
exportrefundapplicabletoriceandbrokenriceon
thedayonwhichapplicationforanexportlicenceis
made,adjustedforthethresholdpricewhichwillbe
inforceduringthemonthofexportation ,mustbe
appliedonrequesttoexportstobeeffectedduringthe
periodofvalidityofthelicence;
WhereasRegulationNo474/67/EEC(3),asamended
byRegulation (EEC)No1397/68(4),laysdown
detailedrulesfortheadvancefixingoftheexport
refundonriceandbrokenrice;
HASADOPTEDTHISREGULATION : WhereasthatRegulationprovidesthattherefund
applicableonthedayonwhichapplicationforan
exportlicenceismademust,whenitisfixedin
advance,bereducedbyanamountnogreaterthanthe
differencebetweenthecifforwarddeliverypriceand
thecifprice,wheretheformerexceedsthelatterby
morethan0-25unitofaccountpertonne;whereas,
ontheotherhand,therefundmustbeincreasedby
anamountnogreaterthanthedifferencebetweenthe
cifpriceandthecifforwarddeliveryprice,wherethe
formerexceedsthelatterbymorethan0-25unitof
accountpertonne;
Whereasthecifpriceisthatdeterminedinaccor­
dancewithArticle16ofRegulation (EEC)NoArticle1
ThecorrectiveamountreferredtoinArticle17(4)of
Regulation(EEC)No1418/76whichisapplicableto
theexportrefundsfixedinadvanceinrespectofrice
andbrokenriceisherebyfixedasshowninthetable
annexedtothisRegulation .
Article2
ThisRegulationshallenterintoforceon8July1978.(»)OJNoL166,25.6.1976,p.1.
(2)OJNoL142,30.5.1978,p.23.
(3)OJNo204,24.8.1967,p.20.
(4)OJNoL222,10.9.1968,p.6. (5)OJNoL166,25.6.1976,p.30.

8.7.78 NoL186/16 OfficialJournaloftheEuropeanCommunities
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,7July1978.
FortheCommission
FinnGUNDELACH
Vice-President
ANNEX
totheCommissionRegulationof7July1978fixingthecorrectiveamountapplicableto
therefundonriceandbrokenrice
(u.a./tonne)
OCT
heading
NoDescriptionCurrent
71stperiod
82ndperiod
93rdperiod
104thperiod
115thperiod
12
10.06 Rice:
A.Paddyrice;huskedrice:
I.Paddyrice:
a)Roundgrain
b)Longgrain— — — — ——
II.Huskedrice:
a)Roundgrain— — — — — —
b)Longgrain 000000
B.Semi-milledorwhollymilledrice:
I.Semi-milled rice:
a)Roundgrain— — — — — —
b)Longgrain— — — — — —
II.Whollymilledrice:
a)Roundgrain— — — — — —
b)Longgrain 000000
C.Brokenrice — __ — — — —