NoL257/40 OfficialJournaloftheEuropeanCommunities 28.9.85
COMMISSION REGULATION (EEC)No2722/85
of27September1985
fixingthecorrectiveamountapplicabletotherefundonmalt
THECOMMISSION OFTHEEUROPEAN
COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity ,
HavingregardtoCouncilRegulation (EEC)No
2727/75of29October1975onthecommonorgan­
izationofthemarketincereals0),aslastamendedby
CouncilRegulation(EEC)No1018/84(2),
HavingregardtoCouncilRegulation (EEC)No
2746/75of29October1975layingdowngeneralrules
forgrantingexportrefundsoncerealsandcriteriafor
fixingtheamountofsuchrefunds(3),
HavingregardtotheopinionoftheMonetary
Committee,
WhereasArticle16(4)ofRegulation (EEC)No
2727/75providesthattheexportrefundapplicableto
cerealsonthedayoftwhichapplicationforanexport
licenceismade,adjustedforthethresholdpricein
forceduringthemonthofexportation,mustbe
appliedonrequesttoexportstobeeffectedduringthe
periodofvalidityoftheexportlicence;whereas,in
thiscase,acorrectiveamountmustbeappliedtothe
refund;
WhereasCouncilRegulation(EEC)No2744/75of29
October1975ontheimportandexportsystemfor
productsprocessedfromcerealsandfromrice(4),as
lastamendedbyRegulation (EEC)No1027/84(*),
madepossiblethefixingofacorrectiveamountfor
certainproductslistedinArticle1(d)ofRegulation
(EEC)No2727/75;
WhereasRegulation(EEC)No1281/75(6)laiddown
detailedrulesfortheadvancefixingofexportrefunds
forcerealsandcertainproductsprocessedfrom
cereals;
Whereas,pursuanttothatRegulation,whenthe
correctiveamountisbeingfixedinrespectofmalt,
accountmustbetakenoftheexistingsituationand
thefuturetrendwithregardtothepossibilitiesand
conditionsforthesaleofthecerealsconcernedandof
maltontheworld,market;whereasthesameRegula­
tionalsoprovidesthataccountmustbetakenofthequantityofcerealsneededformakingmalt,the
economicaspectofexportsandtheneedtoavoid
disturbancesontheCommunitymarket;
Whereastheworldmarketsituationorthespecific
requirementsofcertainmarketsmaymakeitnecessary
tovarythecorrectiveamountaccordingtodestina­
tion;
Whereasthecorrectiveamountmustbefixedatthe
sametimeastherefundandaccordingtothesame
procedure;whereasitmaybealteredintheperiod
betweenfixings;
Whereas,ifthesystemofcorrectiveamountsisto
operatenormally,correctiveamountsshouldbecalcu­
latedonthefollowingbasis:
—inthecaseofcurrencieswhicharemaintainedin
relationtoeachotheratanygivenmomentwithin
abandof2,25%,arateofexchangebasedon
theircentralrate,multipliedbythecoefficient
providedforinArticle2b(2)ofRegulation(EEC)
No974/71Q,aslastamendedbyRegulation(EEC)
No855/84(8),
—forothercurrencies,anexchangeratebasedonthe
arithmeticmeanofthespotmarketratesofeachof
thesecurrenciesrecordedoveragivenperiodin
relationtotheCommunitycurrenciesreferredto
intheprecedingindent,andtheaforesaidcoeffi­
cient;
Whereasitfollowsfromapplyingtheprovisionsset
outabovethatthecorrectiveamountmustbeasset
outintheAnnexhereto;,
WhereasthemeasuresprovidedforinthisRegulation
areinaccordancewiththeopinionoftheManagement
CommitteeforCereals,
HASADOPTEDTHISREGULATION :
Article1
ThecorrectiveamountreferredtoinArticle16(4)of
Regulation(EEC)No2727/75whichisapplicableto
exportrefundsfixedinadvanceinrespectofmalt
shallbeassetoutintheAnnexhereto.
Article2
ThisRegulationshallenterintoforceon1October
1985.(>)OJNoL281,1.11.1975,p.1.
(2)OJNoL107,19.4.1984,p.1.
(3)OJNoL281,1.11.1975,p.78.0OJNoL281,1.11.1975,p.65.0OJNoL107,19.4.1984,p.15.if)OJNoL131,22.5.1975,p.15.oOJNoL106,12.5.1971,p.1.
(8)OJNoL90,1.4.1984,p.1.

28.9.85 OfficialJournaloftheEuropeanCommunities NoL257/41
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,27September1985.
FortheCommission
FransANDRIESSEN
Vice-President
ANNEX
totheCommission Regulationof27September1985fixingthecorrectiveamount
applicabletotherefundonmalt
(ECU/tonne)
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