NoL176/8 OfficialJournaloftheEuropeanCommunities 30.6.74
REGULATION (EEC)No1690/74OFTHECOMMISSION
of28June1974
fixingtheamountofthesubsidyonoilseeds
THECOMMISSION OFTHEEUROPEAN
COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity ;
HavingregardtoCouncilRegulationNo136/
66/EEC(')of22September1966ontheestablish­
mentofacommonorganizationofthemarketinoils
andfats,aslastamendedbyRegulation (EEC)No
1707/73(2),andinparticularArticle27(4)thereof;
HavingregardtotheOpinionoftheMonetary
Committee ;
WhereasArticle27ofRegulationNo136/66/EEC
providesthatasubsidyshouldbegrantedinrespectof
oilseedsharvestedandprocessedwithintheCommu­
nitywhenthetargetpriceforaspeciesofseedis
higherthanthepriceontheworldmarket;whereas
theseprovisionsapplyonlyinrespectofcolza,rape
andsunflowerseeds;miningworldmarketpricesforoilseedsandfixedthe
frontiercrossingpoint,fixedatRotterdam ;
WhereasArticle1ofthatRegulationprovidesthat
whentheworldmarketpriceisbeingdetermined
accountshouldbetakenofalloffersontheworld
marketknowntotheCommissionandofquotations
onthoseexchangeswhicharesignificantforinterna­
tionaltrade;whereasArticle2ofCommissionRegula­
tionNo225/67/EEC(5)of28June1967ondetailed
rulesfordeterminingtheworldmarketpriceforoil
seeds,aslastamendedbytheAct(6)annexedtothe
Treaty(7)ontheAccessionofnewMemberStatesto
theEuropeanEconomicCommunityandtheEuro­
peanAtomicEnergyCommunity ,signedatBrussels
on22January1972,providesthatoffersandquota­
tionswhichdonotrelatetoshipmentstobeeffected
within30daysfollowingthedateonwhichtheworld
marketpriceisdeterminedshouldbedisregarded ;
whereasoffersandquotationswhichtheCommission
believes,inviewofgeneralpricemovementsorinfor­
mationavailabletoit,nottoberepresentative ofthe
realtrendofthemarketmustalsobedisregarded ;
whereasoffersandquotationsrelatingtoquantitiesof
lessthan500metrictonsandoffersrelatingtoseedof
aqualityotherthanthatnormallyacceptableonthe
worldmarketmustalsobedisregarded ;
WhereasArticle3ofRegulationNo225/67/EEC
providesthatoftheoffersandquotationstakeninto
consideration ,thosefordeliverycandfshouldbe
increasedby0-2%;whereasoffersandquotationsfor
deliveryfas,foborotherwiseshouldbeincreased,as
appropriate ,byloading,transportandinsurancecosts
fromthepointofshipmentorloadingtothefrontier
crossingpoint;whereascifoffersandquotationsfor
frontiercrossingpointsotherthanRotterdamshould
beadjustedtoallowforthedifferenceintransport
costsascomparedwithaproductdeliveredcif
Rotterdam ;whereastheCommission shouldtake
accountonlyoftheloading,transportandinsurance
costswhichtoitsknowledgearethelowest;whereas,
finally,offersandquotationsfordeliverycif
Rotterdamshouldbeincreasedby0-20unitof
account ;
WhereasArticle5ofRegulationNo115/67/EEC
providesthattheworldmarketpriceshouldbedeter­
minedforseedofthestandardqualityforwhichthe
targetpricehasbeenfixed,deliveredinbulk;Whereasthesubsidyonoilseedsshould,theoretically ,
beequaltothedifferencebetweenthosetwoprices;
Whereasthetargetpriceforeachspeciesofseedwas
fixedbyCouncilRegulation (EEC)No1122/74(3)of
29April1974fixingtargetandbasicintervention
pricesforoilseedsforthe1974/75marketingyear;
WhereasArticle29ofRegulationNo136/66/EEC
providesthattheworldmarketprice,calculatedfora
Communityfrontiercrossingpoint,istobedeter­
minedonthebasisofthemostfavourablepurchasing
opportunities ,quotationsbeingadjustedwhereneces­
sarytotakeaccountofquotationsforcompeting
products;
WhereasArticle4ofCouncilRegulationNo115/
67/EEC(4)of6June1967laiddowncriteriafordeter­
(')OJNo172,30.9.1966,p.3025/66.
(5)OJNo136,30.6.1967,p.2919/67. (2)OJNoL175,29.6.1973,p.5.
P)OJNoL128,10.5.1974,p.8.
(")OJNo111,10.6.1967,p.2196/67.(6)OJNoL73,27.3.1972,p.14.
(7)OJNoL73,27.3.1972,p.5.

30.6.74 OfficialJournaloftheEuropeanCommunities NoL176/9
WhereasArticle3ofRegulationNo225/67/EEC
providesthatoffersandquotationsrelatingto
productspresentedotherwisethaninbulkshouldbe
adjustedbydeductingtheadditionalvalueresulting
fromthatpresentation ;whereasoffersandquotations
relatingtoaqualityotherthanthestandardquality
forwhichthetargetpricewasfixedshouldbeadjusted
onthebasisofthecoefficientsofequivalenceshown
intheAnnextothatRegulation ;whereas,inthecase
ofoffersontheworldmarketforqualitiesofcolza
andrapeseedotherthanthoselistedinthatAnnex,-
coefficientsofequivalencederivedfromthoselisted
inthatAnnexmay,pursuanttoArticle4ofRegula­
tionNo225/67/EEC,beapplied;whereas,when
derivedcoefficientsarebeingcalculated,accountmust
betakenofthedifferencesbetweenpricesforthequal­
itiesofseedinquestionandpricesforthequalities
listedinthatAnnex,andofthecharacteristics ofthese
variousseeds;
WhereasArticle2ofRegulationNo115/67/EEC
providesthat,wherenoofferorquotationcanbeused
asabasisfordeterminingtheworldmarketprice,that
priceshouldbedeterminedonthebasisofthevalue
oftheaveragequantitiesofoilandoilcakeresulting
fromtheprocessingof100kgofseedwithinthe
Communitylessanamountcorresponding tothecost
ofprocessingtheseseedsintooilandoilcake;
whereasthequantitiesandcoststobetakeninto
consideration forthepurposesofthecalculationare
fixedinArticle5ofRegulationNo225/67/EEC;
whereasthevalueofthosequantitiesshouldbedeter­
minedinaccordancewiththeprovisionsofArticle6
ofthatRegulation ;—thedifferencebetweenthepriceof100kgof
colza,rapeorsunflowerseeds,plusprocessing
costs,andthetotalofthepricesofthequantities
ofoilandoilcakeresultingfromtheprocessingof
thetypeofseedinquestion,and
—thedifferencebetweenthepriceof100kgofone
ormoreotherseeds,plusprocessingcosts,andthe
totalofthepricesofthequantitiesofoilandoil
cakeresultingfromtheprocessingoftheseseeds;
Whereasthefactorstobetakenintoconsideration for
thepurposeofdeterminingthatmarginaredefinedin
Article8ofRegulationNo225/67/EEC;whereasno
adjustmentshouldbemadewherethemarginis
foundtobelessthan0-50unitofaccount;whereas
Article6(2)ofRegulationNo115/67/EECprovides
that,whentheamountoftheadjustmentisbeing
determined ,accountshouldbetakenoftheincidence
ofthemargininquestion-onmarketingoperationsof
Communitytradersandonthedisposalofthevarious
typesofseedontheworldmarket;
WhereasCouncilRegulation (EEC)No2114/71(')of
28September1971onthesubsidyforoilseeds,as
amendedbyRegulation (EEC)No2730/71(2),laid
downrulesforgrantingthesubsidyonoilseeds;
whereasunderthatRegulation ,wherethesubsidyto
begrantedisfixedinadvance,theamountofsuch
subsidymustbeequaltotheamountapplicableon
thedayonwhichtheapplicationforadvancefixing
waslodged,adjustedbythedifferencebetweenthe
targetpricevalidonthatdayandthetargetpricevalid
onthedayonwhichtheseedsareplacedunder
controlatanoilmilland,whereappropriate ,acorrec­
tiveamount;whereasArticle36ofCommissionRegu­
lation(EEC)No1204/72(3)of7June1972laying
downdetailedrulesfortheapplicationofthesubsidy
systemforoilseeds,aslastamendedbyRegulation
(EEC)No1021/74(4),providesthatsuchadjustment
shouldinvolveincreasingorreducingtheamountof
subsidyapplicableonthedayonwhichtheapplica­
tionwaslodgedbythedifferencebetweenthetarget
pricevalidduringthemonthduringwhichtheseeds
wereplacedundercontrolatanoilmillandthetarget
pricevalidonthedayonwhichtheapplicationwas
lodged;
WhereasArticle38ofRegulation (EEC)No1204/72
providesthatthecorrectiveamountmustbeequalto
thedifferencebetweentheworldmarketpricefor
colza,rapeandsunflowerseedsandtheforwardprice
forthoseseedsvalidforashipmenteffectedduring
themonthinwhichtheseedswereplacedunder
controlatanoilmill,thosepricesbeingdetermined ,
inaccordancewithArticles 1,4and5ofRegulationWhereasArticle3ofRegulationNo115/67/EEC
providesthat,wherenoofferorquotationcanbeused
asabasisfordeterminingtheworldmarketpriceand
whereitis,moreover,impossibletoestablishthevalue
oftheoiloroilcakeprocessedfromsuchseed,the
worldmarketpriceshouldbedeterminedonthebasis
ofthemostrecentknownvalueforoiloroilcake,
adjustedtotakeaccountofthetrendofworldprices
forcompetingproductsbyapplyingtothatvaluethe
rulessetoutinArticle2ofRegulationNo115/
67/EEC;whereasArticle7ofRegulationNo225/
67/EECdefinescompetingproductsasthoseoilsor
oilcakes,asthecasemaybe,whichappeartohave
beenofferedinthelargestquantitiesontheworld
marketduringtheperiodunderconsideration ;
WhereasArticle6(1)ofRegulationNo115/67/EEC
providesthat,whentheworldmarketpriceofatype
ofseedisbeingdetermined ,thepriceusedshouldbe
adjustedbyanamountnotexceedingthemargin
between :(')OJNoL222,2.10.1971,p.2.
(-)OJNoL282,23.12.1971,p.18.
(;)OJNoL133,10.6.1972,p.1.
(4OJNoL117,30.4.1974,p.29.

NoL176/10 30.6.74 OfficialJournaloftheEuropeanCommunities
115/67/EEC;whereas,ifnoofferandnopricecanbe
usedforsuchdetermination ,themethodofcalcula­
tionprovidedforinArticle38ofRegulation (EEC)
No1204/72shouldbeused;whereastheabovemen­
tioneddifferencemaybeadjustedpursuanttoArticle
39ofRegulation (EEC)No1204/72,accountbeing
takenofpricesforsoyaseedsontheworldmarket;
Whereasthesubsidyshouldbefixedwheneverthe
marketsituationmakesitnecessaryandinsuchaway
astoensureitsbeingappliedatleastonceaweek;
WhereasArticle34ofRegulation (EEC)No1204/72
providesthatthesubsidyfixedpreviouslyshouldbe
retainedifthevariationinthefactorsusedtocalculate
itentailsanincreaseorreductioninthatsubsidyof
lessthan0-10unitofaccount;whereasthesubsidy
maybealteredwheneveritbecomesobviousthatsuch
alterationisnecessary;
Whereas,ifthesubsidysystemistooperatenormally,
subsidiesshouldbecalculatedonthefollowingbasis:
—inthecaseofcurrencieswhicharemaintainedin
relationtoeachother,atanygivenmoment,
withinabandof2-2.5%,arateofexchangebased
ontheireffectiveparity;—forothercurrenciesanexchangeratebasedonthe
arithmeticmeanofthespotmarketratesofeach
ofthesecurrenciesrecordedforagivenperiod,in
relationtotheCommunitycurrenciesreferredto
intheprevioussubparagraph ;
Whereasitfollowsfromapplyingalltheseprovisions
totheoffersandquotationsknowntotheCommis­
sionthatthesubsidyoncolza,rapeandsunflower
seedsshouldbefixedasshownintheTableannexed
tothisRegulation ,
t
HASADOPTED THISREGULATION :
Article1
TheamountofthesubsidyreferredtoinArticle27of
RegulationNo136/66/EECisherebyfixedasshown
intheTableannexedtothisRegulation .
Article2
ThisRegulationshallenterintoforceon1July1974.
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,28June1974.
l:ortheCommission
P.J.LARDINOJS
ManheroftheCommission

30.6.74 OfficialJournaloftheEuropeanCommunities NoL176/11
ANNEX
totheCommissionRegulationof28June1974fixingtheamountofthesubsidyonoilseeds
Subsidyapplicablefrom1July1974tocolzaandrapeseeds(CCTheadingNoex12.01
andsunflowerseeds(CCTheadingNoex12.01)(u.a./lOOkg)
ColzaandrapeseedSunflowerseed
Subsidy 0 0
Subsidyinthecaseofadvanccfixing:
—forthemonthofJuly 0 0
—forthemonthofAugust 0 0
—forthemonthofSeptember " 0 0
—forthemonthofOctober 0 0
—forthemonthofNovember 0 —
—forthemonthofDecember 0 —