17.5.74 OfficialJournaloftheEuropeanCommunities NoL134/9
REGULATION (EEC)No1232/74OFTHECOMMISSION
of16May1974
fixingtherefundsapplicabletocerealsandwheatorryeflour,groatsandmeal
thesequantitieswerefixedinRegulationNo162/
67/EEC(4),asamendedbyRegulation (EEC)No
1607/71(5);
Whereastheworldmarketsituationorthespecific
requirements ofcertainmarketsmaymakeitneces­
sarytovarytherefundforcertainproductsaccording
todestination ;
Whereastherefundmustbefixedonceaweek;
whereasitmaybealteredintheinterveningperiod;
Whereas,iftherefundsystemistooperatenormally,
refundsshouldbecalculatedonthefollowingbasis:
—inthecaseofcurrencieswhicharemaintainedin
relationtoeachother,atanygivenmoment,
withinabandof2-25%,arateofexchangebased
ontheireffectiveparity;
—forothercurrenciesanexchangeratebasedonthe
arithmeticmeanofthespotmarketratesofeach
ofthesecurrenciesrecordedforagivenperiod,in
relationtotheCommunitycurrenciesreferredto
intheprevioussubparagraph ;
Whereasitfollowsfromapplyingtherulesoutlined
abovetothepresentsituationonthemarketin
cereals,andinparticulartoquotationsorpricesfor
theseproductswithintheCommunityandonthe
worldmarket,thattherefunds,shouldbefixedas
shownintheAnnextothisRegulation ;
WhereasthemeasuresprovidedforinthisRegulation
areinaccordancewiththeOpinionoftheManage­
mentCommitteeforCereals,THECOMMISSION OFTHEEUROPEAN
COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity ;
HavingregardtoCouncilRegulationNo120/
67/EEC(')of13June1967onthecommonorganiza­
tionofthemarketincereals,aslastamendedbyRegu­
lation(EEC)No1346/73(2),andinparticularthefirst
sentenceofthefourthsubparagraph ofArticle16(2)
thereof;
HavingregardtotheOpinionoftheMonetary
Committee ;
WhereasArticle16ofRegulationNo120/67/EEC
providesthatthedifferencebetweenquotationsor
pricesontheworldmarketfortheproductslistedin
Article1ofthatRegulationandpricesforthose
productsintheCommunitymaybecoveredbyan
exportrefund;
WhereasArticle2ofCouncilRegulationNo139/
67/EEC(3)of21June1967layingdowngeneralrules
forgrantingexportrefundsoncerealsandcriteriafor
fixingtheamountofsuchrefundsprovidesthatwhen
refundsarebeingfixedaccountmustbetakenofthe
existingsituationandthefuturetrendwithregardto
pricesandavailabilitiesofcerealsontheCommunity
marketontheonehandandpricesforcerealsand
cerealproductsontheworldmarketontheother;
whereasthesamearticleprovidesthatitisalsoimpor­
tanttoensureequilibriumandthenaturaldevelop­
mentofpricesandtradeoncerealmarketsand,
furthermore ,totakeintoaccounttheeconomicaspect
oftheproposedexportsandtheneedtoavoiddistur­
bancesontheCommunitymarket;HASADOPTEDTHISREGULATION :
WhereasArticle3ofRegulationNo139/67/EEC
definesthespecificcriteriatobetakenintoaccount
whentherefundoncerealsisbeingcalculated;
Whereasthesespecificcriteriaaredefined,asfaras
wheatandryeflour,groatsandmealareconcerned,in
Article4ofRegulationNo139/67/EEC;whereas,
furthermore ,whentherefundontheseproductsis
beingcalculated,accountmustbetakenofthequanti­
tiesofcerealsrequiredfortheirmanufacture ;whereasArticle/
TherefundsontheproductslistedinArticle1(a),(b)
and(c)ofRegulationNo120/67/EEC,exportedinthe
naturalstate,areherebyfixedasshownintheAnnex
tothisRegulation .
Article2
ThisRegulationshallenterintoforceon17May
1974.
(i)OJNo117,19.6.1967,p.2269/67.
(4)OJNo128,27.6.1967,p.2574/67. (2)OJNoL141,28.5.1973,p.8.
P)OJNo125,26.6.1967,p.2453/67. (5)OJNoL168,27.7.1971,p.16.

NoL134/10 OfficialJournaloftheEuropeanCommunities 17.5.74
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,16May1974.
FortheCommission
P.J.LARDINOIS
MemberoftheCommission

17.5.74 OfficialJournaloftheEuropeanCommunities NoL134/11
ANNEX
totheCommissionRegulationof16May1974fixingtherefundsapplicabletocereals
andwheatorryeflour,groatsandmeal
(U.M./t)
CCTheading
No Descriptionofproducts Refund
10.01ACommonwheat(x),andmesiin 0
10.01BDurumwheat--
10.02Rye(')0
10.03Barley0
10.04 Oats—
10.05BMaize(otherthanhybridmaizeforsowing)—
10.07CGrainsorghum—
«x11.01AWheatflour:
—ofanashcontentof0to5200
—ofanashcontentof521to6000
—ofanashcontentof601to9000
—ofanashcontentof901to11000
—ofanashcontentof1101to16500
—ofanashcontentof1651to19000
ex11.01BRyeflour:
—ofanashcontentof0to7000
—ofanashcontentof701to11500
—ofanashcontentof1151to16000
—ofanashcontentof1601to2000 0
11.02AlaDurumwheatgroatsandmeal:
—ofanashcontentof0to950 —
—ofanashcontentof951to1300 —
—ofanashcontentof'1301to150Ό —
11.02AlbCommonwheatgroatsandmeal:
—ofanashcontentof0to520 0
(')TherefundisgrantedsolelyinrespectofcommonwheatandryewhichhasnotbeendenaturedpursuanttoArticle7(3)and
(5)ofRegulationNo120/67/EEC.
TheamountbywhichtherefundmaybeincreasedpursuanttoArticle1ofRegulationNo587/
67/EECis2u.a./ton.