14.1.77 OfficialJournaloftheEuropeanCommunities NoL11/21
COMMISSION REGULATION (EEC)No66/77
of13January1977
fixingtheexportrefundsonmalt
productsprocessedfromcerealsandricethatthe
exportrefundshouldbefixedatanamountwhich
willcoverthedifferencebetweenCommunityprices
andworldmarketprices;
Whereastheworldmarketsituationorthespecific
requirements ofcertainmarketsmaymakeitneces­
sarytovarytherefundforcertainproductsaccording
todestination ;
Whereas,iftherefundsystemistooperatenormally,
refundsshouldbecalculatedonthefollowingbasis:
—inthecaseofcurrencieswhicharemaintainedin
relationtoeachother,atanygivenmoment,
withinabandof2-25%,arateofexchangebased
ontheireffectiveparity;
—forothercurrenciesanexchangeratebasedonthe
arithmeticmeanofthespotmarketratesofeach
ofthesecurrenciesrecordedforagivenperiod,in
relationtotheCommunitycurrenciesreferredto
intheprevioussubparagraph ;
Whereastherefundmustbefixedonceamonth;
whereasitmaybealteredintheinterveningperiod;
WhereastheManagementCommitteeforCerealshas
notdeliveredanopinionwithinthetimelimitsetby
itsChairman ,THECOMMISSION OFTHEEUROPEAN
COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity ,
HavingregardtoCouncilRegulation (EEC)No
2727/75of29October1975onthecommonorganiza­
tionofthemarketincereals('),aslastamendedby
Regulation (EEC)No3138/76(2),andinparticularthe
fourthsubparagraph ofArticle16(2)thereof;
HavingregardtotheopinionoftheMonetary
Committee ,
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;
WhereasCouncilRegulation (EEC)No2744/75of29
October1975ontheimportandexportsystemfor
productsprocessedfromcerealsandfromrice(4),as
amendedbyRegulation (EEC)No832/76(5),defines
thespecificcriteriatobetakenintoaccountwhenthe
refundontheseproductsisbeingcalculated ;
Whereasitfollowsfromapplyingtheserulesand
criteriatothepresentsituationonthemarketinHASADOPTED THISREGULATION :
Article1
TheexportrefundsonmaltlistedinArticle1(d)of
Regulation (EEC)No2727/75subjecttoRegulation
(EEC)No2744/75areherebyfixedasshowninthe
AnnextothisRegulation .
Article2
ThisRegulationshallenterintoforceon14January
1977.(')OJNoL281,1.11.1975,p.1.
(2)OJNoL3.54,24.12.1976,p.1.
(3)OJNoL281,1.11.1975,p.78.
(4)OJNoL281,1.11.197.5,p.6.5.
5)OJNoL100,14.4.1976,p.1.

NoL11/22 OfficialJournaloftheEuropeanCommunities14.1.77
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,13January1977.
FortheCommission
FinnGUNDELACH
Vice-President
ANNEX
totheCommissionRegulationof13January1977fixingtheexportrefundsonmalt
(u.a./tonne)
CCT
heading
NoDescriptionofgoods Refund
11.07AIa) Unroastedmalt,obtainedfromwheat,intheformofflour 103.33
11.07AIb) Unroastedmalt,obtainedfromwheat,otherthanintheformofflour—
11.07AIIa) Unroastedmalt,otherthanthatobtainedfromwheat,intheformofflour 59.20
11.07Alib) Unroastedmalt,otherthanthatobtainedfromwheat,otherthanintheformofflour 53.00
11.07B Roastedmalt 61.77