17.2.78 OfficialJournaloftheEuropeanCommunities NoL46/17
COMMISSION REGULATION (EEC)No319/78
of16February1978
fixingtheexportrefundsonmalt
THECOMMISSION OFTHEEUROPEAN
COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity ,Whereasitfollowsfromapplyingtheserulesand
criteriatothepresentsituationonthemarketin
productsprocessedfromcerealsandricethatthe
exportrefundshouldbefixedatanamountwhich
willcoverthedifferencebetweenCommunityprices
andworldmarketprices;
HavingregardtoCouncilRegulation (EEC)No
2727/75of29October1975onthecommonorganiza­
tionofthemarketincereals('),aslastamendedby
Regulation(EEC)No2560/77(2),andinparticularthe
fourthsubparagraph ofArticle16(2)thereof;
HavingregardtotheopinionoftheMonetary
Committee ,Whereastheworldmarketsituationorthespecific
requirements ofcertainmarketsmaymakeitneces­
sarytovarytherefundforcertainproductsaccording
todestination ;
Whereas,iftherefundsystemistooperatenormally,
refundsshouldbecalculatedonthefollowingbasis:
—inthecaseofcurrencieswhicharemaintainedin
relationtoeachother,atanygivenmoment,
withinabandof2-25%,arateofexchangebased
ontheireffectiveparity;
—forothercurrenciesanexchangeratebasedonthe
arithmeticmeanofthespotmarketratesofeach
ofthesecurrenciesrecordedforagivenperiod,in
relationtotheCommunitycurrenciesreferredto
intheprevioussubparagraph ;
Whereastherefundmustbefixedonceamonth;
whereasitmaybealteredintheinterveningperiod;
WhereasthemeasuresprovidedforinthisRegulation
areinaccordancewiththeopinionoftheManage­
mentCommitteeforCereals,WhereasArticle16ofRegulation(EEC)No2727/75
providesthatthedifferencebetweenquotationsor
pricesontheworldmarketfortheproductslistedin
Article1ofthoseRegulationsandpricesforthose
productswithintheCommunitymaybecoveredby
anexportrefund;
WhereasArticle2ofCouncilRegulation(EEC)No
2746/75of29October1975layingdowngeneral
rulesforgrantingexportrefundsoncerealsand
criteriaforfixingtheamountofsuchrefunds(3),
providesthatwhenrefundsarebeingfixedaccount
mustbetakenoftheexistingsituationandthefuture
trendwithregardtopricesandavailabilitiesofcereals
ontheCommunitymarketontheonehandand
pricesforcerealsontheworldmarketontheother;
whereasthesameArticleprovidesthatitisalsoimpor­
tanttoensureequilibriumandthenaturaldevelop­
mentofpricesandtradeonthemarketsincereals
and,furthermore ,totakeintoaccounttheeconomic
aspectoftheproposedexports,andtheneedtoavoid
disturbancesontheCommunitymarket;HASADOPTEDTHISREGULATION :
Article1
TheexportrefundsonmaltlistedinArticle1(d)of
Regulation (EEC)No2727/75subjecttoRegulation
(EEC)No2744/75areherebyfixedasshowninthe
AnnextothisRegulation .WhereasCouncilRegulation(EEC)No2744/75of29
October1975ontheimportandexportsystemfor
productsprocessedfromcerealsandfromrice(4),as
lastamendedbyRegulation (EEC)No2560/77,
definesthespecificcriteriatobetakenintoaccount
whentherefundontheseproductsisbeingcalcu­
lated;
Article2
ThisRegulationshallenterintoforceon17February
1978.(!)OJNoL281,1.11.1975,p.1.
(2)OJNoL303,28.11.1977,p.1.
(3)OJNoL281,1.11.1975,p.78.
(4)OJNoL281,1.11.1975,p.65.

NoL46/18 OfficialJournaloftheEuropeanCommunities 17.2.78
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,16February1978.
FortheCommission
FinnGUNDELACH
Vice-President
ANNEX
totheCommissionRegulationof16February1978fixingtheexportrefundsonmalt
(u.a./tonne)
CCTheadingNo Refund
11.07AIa) 104.90
11.07AIb) 0
11.07AIIa) 93.68
11.07AIIb) 75.00
11.07B 87-41