16.5.75 OfficialJournaloftheEuropeanCommunities NoL125/25
REGULATION (EEC)No1247/75OFTHECOMMISSION
,of15May1975
fixingthecorrectiveamountapplicabletotherefundoncereals
THECOMMISSION OFTHEEUROPEAN
COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity ;
HavingregardtoCouncilRegulationNo120/
67/EEC(')of13June1967onthecommonorganiza­
tionofthemarketincereals,aslastamendedbyRegu­
lation(EEC)No85/75(2),andinparticularthethird
sentenceofthesecondsubparagraph ofArticle"16(4)
thereof;
HavingregardtoCouncilRegulationNo139/
67/EEC(3)of21June1967layingdowngeneralrules
forgrantingexportrefundsoncerealsandcriteriafor
fixingtheamountofsuchrefunds,aslastamendedby
Regulation (EEC)No87/75(4);
HavingregardtotheOpinionoftheMonetary
Committee ;
WhereasArticle16(4)ofRegulationNo120/67/EEC
providesthattheexportrefundapplicabletocereals
onthedayonwhichapplicationforanexportlicence
ismade,adjustedforthethresholdpriceinforce
duringthemonthofexportation ,mustbeappliedon
requesttoexportstobeeffectedduringtheperiodof
validityoftheexportlicence;whereas,inthiscase,a
correctiveamountmustbeappliedtotherefund;
WhereasRegulationNo633/67/EEC(5),aslast
amendedbyRegulation (EEC)No1461/72(6),lays
downdetailedrulesfortheadvancefixingofthe
exportrefundoncereals;
WhereasthatRegulationprovidesthattherefund
applicableonthedayonwhichapplicationforan
exportlicenceismademust,whentherefundisfixed
inadvance,bereducedbynotmorethatthediffer­
encebetweenthecifforwarddeliverypriceandthecif
pricewheretheformerexceedsthelatter-bymore
thanoneunitofaccountpermetricton;whereas,on
theotherhand,therefundmustbeincreasedbynot
morethanthedifferencebetweenthecifpriceand
thecifforwarddeliverypricewheretheformer
exceedsthelatterbymorethanoneunitofaccount
permetricton;Whereasthecifpriceisthatdeterminedinaccor­
dancewithArticle13ofRegulationNo120/67/EEC;
whereasthecifforwarddeliverypriceisthatdeter­
minedinaccordancewithArticle3(2)ofRegulation
No140/67/EEC(7),asamendedbyRegulation (EEC)
No2435/70(8),based,inrespectofeachmonthfor
whichtheexportlicenceisvalid,onthecifprice
calculatedonthebasisofoffersforshipmentduring
themonthofexportation ;
Whereasthecorrectiveamountsofixedwillbealtered
ifapplicationofthecalculationproceduredescribed
aboveentailsachangeinthatamountofmorethan
0-125unitofaccount;
Whereas,however,Article2ofRegulationNo633/
67/EECprovidesthatthecorrectiveamountappli­
cabletotheamountoftherefundfixedinadvanceon
exportstobeeffectedafterthethirdmonthfollowing
thatduringwhichthelicencewasissuedshouldbe
fixedonthebasisofforeseeablemarkettrends;
whereastothisendaccountshouldbetakenofavail­
abilitiesandforeseeabletrendsontheCommunity
marketandofforwardtrendsontheworldmarket,in
particularonthosemarketswhosespecificrequire­
mentshavemadeitnecessarytovarytherefund;
Whereas,iftherefundsystemistooperatenormally,
refundsshouldbecalculatedonthefollowingbasis:
—inthecaseofcurrencieswhicharemaintainedin
relationtoeachother,atanygivenmoment,
withinabandof2-25%,arateofexchangebased
ontheireffectiveparity;
—forothercurrenciesanexchangeratebasedonthe
arithmeticmeanofthespotmarketratesofeach
ofthesecurrenciesrecordedforagivenperiod,in
relationtotheCommunitycurrenciesreferredto
intheprevioussubparagraph ;
Whereasitfollowsfromapplyingalltheseprovisions
thatthecorrectiveamountmustbefixedasshownin
thetableannexedtothisRegulation ;
WhereasthemeasuresprovidedforinthisRegulation
areinaccordancewiththeOpinionoftheManage­
mentCommitteeforCereals,C)OJNo117,19.6.1967,p.2269/67.
(2)OJNoL11,16.1.1975,p.1.
(3)OJNo125,26.6.1967,p.2453/67.
(5)OJNo233,28.9.1967,p.9.(4)OJNoL11,16.1.1975,p.3.
(7)OJNo125,26.6.1967,p.2456/67.
(6)OJNoL155,11.7.1972,p.35. (8)OJNoL262,3.12.1970,p.3.

NoL125/26 OfficialJournaloftheEuropeanCommunities 16.5.75
HASADOPTEDTHISREGULATION :
Article1
ThecorrectiveamountreferredtoinArticle16(4)of
RegulationNo120/67/EECwhichisapplicableto
exportrefundsfixedinadvanceinrespectofcerealsisherebyfixedasshowninthetableannexedtothis
Regulation .
Article2
ThisRegulationshallenterintoforceon16May
1975.
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,15May1975.
FortheCommission
P.J.LARDINOIS
MemberoftheCommission
ANNEX
totheCommissionRegulationof15May1975fixingthecorrectiveamountapplicableto
therefundoncereals
(u.a./metricton)
CCT
heading
NoDescriptionofgoodsCurrent
51st
period
62nd
period
73rd
period
84th
period
95th
period
106th
period
11
10.01ACommonwheat,andmeslin 0+400+5-00+5-00
10.01BDurumwheat — — — — — — —
10.02 Rye 0000 — — —
10.03 Barley 0000 — — —
10.04 Oats 00 00 — — —
10.05BMaizeotherthanhybridmaizeI
forsowing 0000 — — —
10.07CGrainsorghum 0000 — — —
11.01ACommonwheatflour 00000 — —
11.01BRyeflour 00000 — —
11.02AlaDurumwheatgroatsandmeal— — — — — — —
11.02AlbCommonwheatgroatsandII
meal 00000 — —
N.B.ThezonesarethosedefinedinRegulation (EEC)No941/72(OJNoL107,6.5.1972).