NoL352/16 OfficialJournaloftheEuropeanCommunities 21.2.73
REGULATION (EEC)No3431/73OFTHECOMMISSION
of20December 1973
fixingthecorrectiveamountapplicabletotherefundonriceandbrokenrice
THECOMMISSION OFTHEEUROPEAN
COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity ;
HavingregardtoCouncilRegulationNo359/
67/EEC(')of25July1967onthecommonorganiza­
tionofthemarketinrice,aslastamendedbythe
Act(2)annexedtotheTreaty(3)ontheAccessionof
newMemberStatestotheEuropeanEconomic
Community andtheEuropeanAtomicEnergy
Community ,signedatBrusselson22January1972,
andinparticularthefirstsubparagraph ofArticle17
(4)thereof;
HavingregardtotheOpinionoftheMonetary
Committee ;
Whereasthefirstsubparagraph ofArticle17(4)of
RegulationNo359/67/EECprovidesthattheexport
refundapplicabletoriceandbrokenriceontheday
onwhichapplicationforanexportlicenceismade,
adjustedforthethresholdpricewhichwillbeinforce
duringthemonthofexportation ,mustbeappliedon
requesttoexportstobeeffectedduringtheperiodof
validityofthelicence;
WhereasRegulationNo474/67/EEC(4),asamended
byRegulation (EEC)No1397/68(5),laysdown
detailedrulesfortheadvancefixingoftheexport
refundonriceandbrokenrice;
WhereasthatRegulationprovidesthattherefund
applicableonthedayonwhichapplicationforan
exportlicenceismademust,whenitisfixedin
advance,bereducedbyanamountnogreaterthanthe
differencebetweenthecifforwarddeliverypriceand
thecifprice,wheretheformerexceedsthelatterby
morethan0-025unitofaccountper100kilo­
grammes;whereas,ontheotherhand,therefund
mustheincreasedbyanamountnogreaterthanthe
differencebetweenthecifpriceandthecifforward
deliveryprice,wheretheformerexceedsthelatterby
morethan0-025unitofaccountper100kilo­
grammes ;Whereasthecifpriceisthatdeterminedinaccor­
dancewithArticle16ofRegulationNo359/67/EEC;
whereasthecifforwarddeliverypriceisthatdeter­
minedinaccordancewithArticle3(2)ofRegulation
No365/67/EEC(6),aslastamendedbyRegulation
(EEC)No2435/70(7),based,inrespectofeachmonth
forwhichtheexportlicenceisvalid,onthecifprice
calculatedonthebasisofoffersforshipmentduring
themonthofexportation ;
Whereasiftherefundsystemistooperatenormally,
refundsshouldbecalculatedonthefollowingbasis:
—inthecaseofcurrencieswhicharemaintained in
relationtoeachother,atanygivenmoment,
withinabandof2-25%,arateofexchangebased
ontheireffectiveparity;
—forothercurrenciesanexchangeratebasedonthe
arithmeticmeanofthespotmarketratesofeach
ofthesecurrenciesrecordedforagivenperiod,in
relationtotheCommunitycurrenciesreferredto
intheprevioussubparagraph ;
Whereasitfollowsfromapplyingalltheseprovisions
thatthecorrectiveamountapplicableon21
December 1973mustbefixedasshownintheTable
annexedtothisRegulation ;
WhereasthemeasuresprovidedforinthisRegulation
areinaccordancewiththeOpinionoftheManage­
mentCommitteeforCereals,
HASADOPTED THISREGULATION :
Article1
ThecorrectiveamountreferredtoinArticle17(4)of
RegulationNo359/67/EECwhichisapplicabletothe
exportrefundsfixedinadvanceinrespectofriceand
brokenriceisherebyfixedasshownintheTable
annexedtothisRegulation .
Article2
ThisRegulationshallenterintoforceon21
December1973.
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,20December1973.
FortheCommission
P.J.LARDINOIS
/MemberoftheCommission
(!)OJNo174,31.7.1967,p.1.
(-')OJNoL73,27.3.1972,p.14.
(3)OJNoL73,27.3.1972,p.5.
(->)OJNo204,24.X.1967,p.20.
(5)OJNoL222,10.9.1968,p.6,(")O]No174,31.7.1967,p.32.
(7)OJNoL262,3.12.1970,p.1.

21.12.73 OfficialJournaloftheEuropeanCommunities NoL352/17
ANNEX
totheCommissionRegulationof20December1973fixingthecorrectiveamountapplicable
totherefundonriceandbrokenrice
(u.a.1100kg)
CCT
heading
NoDescriptionofgoodsCurrent
121st
period
12nd
period
23rd
period
34th
period
45th
period
5
10.06 Rice:
A.Paddyrice;huskedrice:
I.Paddyrice:
a)Roundgrained— — _ — —
b)Longgrained— — — — —
II.Huskedrice:
a)Roundgrained— — — — —
b)Longgrained— — — —
B.Semi-milledorwhollymilled
rice:
I.Semi-milled rice:
a)Roundgrained — — —
b)Longgrained — — — — ——
II.Whollymilledrice:
a)Roundgrained — — — — —
b)Longgrained — — — — ——
C.Brokenrice — — — — —