NoL261/40 OfficialJournaloftheEuropeanCommunities 27.9.74
REGULATION (EEC)No2432/74OFTHECOMMISSION
of26September1974
fixingthecorrectiveamountapplicabletotherefundonriceandbrokenrice
THECOMMISSION OFTHEEUROPEAN
COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity ;
HavingregardtoCouncilRegulationNo359/
67/EECof25July1967onthecommonorganiza­
tionofthemarketinrice,aslastamendedbyRegula­
tion(EEC)No1129/74(2),andinparticularthefirst
subparagraph ofArticle17(4)thereof;
HavingregardtotheOpinionoftheMonetary
Committee ;
Whereasthefirstsubparagraph ofArticle17(4)of
RegulationNo359/67/EECprovidesthattheexport
refundapplicabletoriceandbrokenriceontheday
onwhichapplicationforanexportlicenceismade,
adjustedforthethresholdpricewhichwillbeinforce
duringthemonthofexportation,mustbeappliedon
requesttoexportstobeeffectedduringtheperiodof
validityofthelicence;
WhereasRegulationNo474/67/EEC(3),asamended
byRegulation (EEC)No1397/68(4),laysdown
detailedrulesfortheadvancefixingoftheexport
refundonriceandbrokenrice;
WhereasthatRegulationprovidesthattherefund
applicableonthedayonwhichapplicationforan
exportlicenceismademust,whenitisfixedin
advance,bereducedbyanamountnogreaterthanthe
differencebetweenthecifforwarddeliverypriceand
thecifprice,wheretheformerexceedsthelatterby
morethan0-025unitofaccountper100kilo­
grammes;whereas,ontheotherhand,therefund
mustbeincreasedbyanamountnogreaterthanthe
differencebetweenthecifpriceandthecifforward
deliveryprice,wheretheformerexceedsthelatterby
morethan0-025unitofaccountper100kilo­
grammes ;
Whereasthecifpriceisthatdeterminedinaccor­
dancewithArticle16ofRegulationNo359/67/EEC;whereasthecifforwarddeliverypriceisthatdeter­
minedinaccordancewithArticle3(2)ofRegulation
No365/67/EEC(5),aslastamendedbyRegulation
(EEC)No2435/70(6),based,inrespectofeachmonth
forwhichtheexportlicenceisvalid,onthecifprice
calculatedonthebasisofoffersforshipmentduring
themonthofexportation ;
Whereasiftherefundsystemistooperatenormally,
refundsshouldbecalculatedonthefollowingbasis:
—inthecaseofcurrencieswhicharemaintainedin
relationtoeachother,atanygivenmoment,
withinabandof2-25%,arateofexchangebased
ontheireffectiveparity;
—forothercurrenciesanexchangeratebasedonthe
arithmeticmeanofthespotmarketratesofeach
ofthesecurrenciesrecordedforagivenperiod,in
relationtotheCommunitycurrenciesreferredto
intheprevioussubparagraph ;
Whereasitfollowsfromapplyingalltheseprovisions
thatthecorrectiveamountapplicableon27
September1974mustbefixedasshownintheTable
annexedtothisRegulation ;
WhereasthemeasuresprovidedforinthisRegulation
areinaccordancewiththeOpinionoftheManage­
mentCommitteeforCereals,
HASADOPTEDTHISREGULATION :
Article1
ThecorrectiveamountreferredtoinArticle17(4)of
RegulationNo359/67/EECwhichisapplicabletothe
exportrefundsfixedinadvanceinrespectofriceand
brokenriceisherebyfixedasshownintheTable
annexedtothisRegulation .
Article2
ThisRegulationshallenterintoforceon27
September1974.
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,26September1974.
FortheCommission
P.J.LARDINOIS
MemberoftheCommission
(')OJNo174,31.7.1967,p.1.
(-')OJNoL128,10.5.1974,p.20.
(3)OJNo204,24.8.1967,p.20.nOINoL222,10.9.1968,p.6.(5)OJNo174,31.7.1967,p.32.
(6)OJNoL262,3.12.1970,p.1.

27.9.74 OfficialJournaloftheEuropeanCommunities NoL261/41
ANNEX
totheCommissionRegulationof26September1974fixingthecorrectiveamountapplicable
totherefundonriceandbrokenj-ice
(u.a.nookm)
CCT
heading
NoDescriptionofgoodsCurrent
91st
period
102nd
period
113rd
period
124th
period
15ih
period
2
10.0* Kice:
Λ.Paddyrice;huskedrice:
!.Paddyricc:
a)Roundgrained— — — -- — —
h)Longgrained— — — — — —
II.Huskedrice:
a)Roundgrained— — — — — —
b)Longgrained— — — — — —
ti.Semi-milledorwhollymilled
rice:
I.Semi-milledrice:
a)Roundgrained — — — __—
b)Longgrained — — — — ——
II.Whollymilledrice:
a)Roundgrained — — — — —
b)Longgrained — — — — ——
C.Brokenrice — — — — — —