NoL67/22 OfficialJournaloftheEuropeanCommunities 14.3.73
REGULATION (EEC)No704/73OFTHECOMMISSION
of13March1973
fixingtheamountofthesubsidyonoilseeds
THECOMMISSION OFTHEEUROPEAN
COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuro­
peanEconomicCommunity ;
HavingregardtoCouncilRegulationNo136/66/
EEC(*)of22September1966ontheestablishment
ofacommonorganizationofthemarketinoilsand
fats,aslastamendedbytheAct(2)annexedtothe
Treaty(3)ontheAccessionofnewMemberStatesto
theEuropeanEconomicCommunityandtheEuro­
peanAtomicEnergyCommunity ,signedatBrussels
on22January1972,andinparticularArticle27(4)
thereof;
HavingregardtotheOpinionoftheMonetary
Committee ;
WhereasArticle27ofRegulationNo136/66/EEC
providesthatasubsidyshouldbegrantedinrespect
ofoilseedsharvestedandprocessedwithintheCom­
munitywhenthetargetpriceforaspeciesofseedis
higherthanthepriceontheworldmarket;whereas
theseprovisionsapplyonlyinrespectofcolza,rape
andsunflowerseeds;
Whereasthesubsidyonoilseedsshould,theoreti­
cally,beequaltothedifferencebetweenthosetwo
prices;
Whereasthetargetpriceforeachspeciesofseedwas
fixedbyCouncilRegulation (EEC)No1331/72(4)
of27June1972fixingtargetandbasicintervention
pricesforoilseedsforthe1972/73marketingyear;
WhereasArticle29ofRegulationNo136/66/EEC
providesthattheworldmarketprice,calculatedfor
aCommunityfrontiercrossingpoint,istobedeter­
minedonthebasisofthemostfavourablepurchas­
ingopportunities ,quotationsbeingadjustedwhere
necessarytotakeaccountofquotationsforcompet­
ingproducts;
WhereasArticle4ofCouncilRegulationNo115/67/
EEC(5)of6June1967layingdowncriteriaforde­
terminingworldmarketpricesforoilseedsandfix­
ingthefrontiercrossingpoint,fixedatRotterdam ;
WhereasArticle1ofthatRegulationprovideschat
whentheworldmarketpriceisbeingdeterminedaccountshouldbetakenofalloffersontheworld
marketknowntotheCommissionandofquotations
onthoseexchangeswhicharesignificantforinter­
nationaltrade;whereasArticle2ofCommission
RegulationNo225/67/EEC(6)of28June1967on
detailedrulesfordeterminingtheworldmarketprice
foroilseeds,aslastamendedbytheActannexed
totheTreatyontheAccessionofnewMemberStates
totheEuropeanEconomicComunityandthe
EuropeanAtomicEnergyCommunity ,signedat
Brusselson22January1972,providesthatoffersand
quotationswhichdonotrelatetoshipmentstobe
effectedwithin30daysfollowingthedateonwhich
theworldmarketpriceisdeterminedshouldbedisre­
garded;whereasoffersandquotationswhichthe
Commissionbelieves,inviewofgeneralpricemove­
mentsorinformationavailabletoit,nottoberepre­
sentativeoftherealtrendofthemarketmustalso
bedisregarded ;whereasoffersandquotationsrelat­
ingtoquantitiesoflessthan500metrictonsandof­
fersrelatingtoseedofaqualityotherthanthatnor­
mallyacceptableontheworldmarketmustalsobe
disregarded ;
WhereasArticle3ofRegulationNo225/67/EECpro­
videsthatoftheoffersandquotationstakeninto
consideration ,thosefordeliverycandfshouldbe
increasedby0-2%»;whereasoffersandquotations
fordeliveryfas,foborotherwiseshouldbein­
creased,asappropriate,byloading,transportand
insurancecostsfromthepointofshipmentorload­
ingtothefrontiercrossingpoint;whereascifoffers
andquotationsforfrontiercrossingpointsother
thanRotterdamshouldbeadjustedtoallowforthe
differenceintransportcostsascomparedwithapro­
ductdeliveredcifRotterdam ;whereastheCommis­
sionshouldtakeaccountonlyoftheloading,trans­
portandinsurancecostswhichtoitsknowledgeare
thelowest;whereas,finally,offersandquotations
fordeliverycifRotterdamshouldbeincreasedby
0-20unitofaccount;
WhereasArticle5ofRegulationNo115/67/EECpro­
videsthattheworldmarketpriceshouldbedeter­
minedforseedofthestandardqualityforwhichthe
targetpricehasbeenfixed,deliveredinbulk;
WhereasArticle3ofRegulationNo225/67/EECpro­
videsthatoffersandquotationsrelatingtoproducts
presentedotherwisethaninbulkshouldbead­
justedhydeductingtheadditionalvalueresulting(l)OJNo172,30.9.1966,p.3025/66.
(2)OJNoL73,27.3.1972,p.14.
(»)OJNoL73,27.3.1972,p.5.
(4)OJNoL147,29.6.1972,p.1.
(5)OJNo111,10.6.1967,p.2196/67. (6)OJNo136,30.6.1967,p.2919/67.

14.3.73 OfficialJournaloftheEuropeanCommunities NoL67/23
fromthatpresentation ;whereasoffersandquota­
tionsrelatingtoaqualityotherthanthestandard
qualityforwhichthetargetpricewasfixedshould
beadjustedonthebasisofthecoefficientsofequi­
valenceshownintheAnnextothatRegulation ;
whereas,inthecaseofoffersontheworldmarket
forqualitiesofcolzaandrapeseedotherthanthose
listedinthatAnnex,coefficientsofequivalencede­
rivedfromthoselistedinthatAnnexmay,pursuant
toArticle4ofRegulationNo225/67/EEC,beap­
plied;whereas,whenderivedcoefficientsarebeing
calculated,accountmustbetakenofthedifferences
betweenpricesforthequalitiesofseedinquestion
andpricesforthequalitieslistedinthatAnnex,and
ofthecharacteristics ofthesevariousseeds;
WhereasArticle2ofRegulationNo115/67/EECpro­
videsthat,wherenoofferorquotationcanbeused
asabasisfordeterminingtheworldmarketprice,
thatpriceshouldbedeterminedonthebasisofthe
valueoftheaveragequantitiesofoilandoilcake
resultingfromtheprocessingof100kgofseed
withintheCommunitylessanamountcorrespond­
ingtothecostofprocessingtheseseedsintooiland
oilcake;whereasthequantitiesandcoststobe
takenintoconsiderationforthepurposesofthecal­
culationarefixedinArticle5ofRegulationNo225/
67/EEC;whereasthevalueofthosequantities
shouldbedeterminedinaccordancewiththeprovi­
sionsofArticle6ofthatRegulation ;ofoilandoilcakeresultingfromtheprocessing
ofthetypeofseedinquestion,and
—thedifferencebetweenthepriceof100kgofone
ormoreotherseeds,plusprocessingcosts,and
thetotalofthepricesofthequantitiesofoiland
oilcakeresultingfromtheprocessingofthese
seeds;
Whereasthefactorstobetakenintoconsideration
forthepurposeofdeterminingthatmarginarede­
finedinArticle8ofRegulationNo225/67/EEC;
whereasnoadjustmentshouldbemadewherethe
marginisfoundtobelessthan0-50unitofac­
count;whereasArticle6(2)ofRegulationNo115/
67/EECprovidesthat,whentheamountoftheadjust­
mentisbeingdetermined,accountshouldbetaken
oftheincidenceofthemargininquestiononmarket­
ingoperationsofCommunitytradersandonthedis­
posalofthevarioustypesofseedontheworldmar­
ket;
WhereasCouncilRegulation (EEC)No2114/71(*)
of28September1971onthesubsidyforoilseeds,
asamendedbyRegulation (EEC)No2730/71(2),
laiddownrulesforgrantingthesubsidyonoil
seeds;whereasunderthatRegulation,wherethe
subsidytobegrantedisfixedinadvance,the
amountofsuchsubsidymustbeequaltothe
amountapplicableonthedayonwhichtheapplica­
tionforadvancefixingwaslodged,adjustedbythe
differencebetweenthetargetpricevalidonthatday
andthetargetpricevalidonthedayonwhichthe
seedsareplacedundercontrolatanoilmilland,
whereappropriate,acorrectiveamount;whereas
Article36ofCommissionRegulation (EEC)No
1204/72(3)of7June1972layingdowndetailed
rulesfortheapplicationofthesubsidysystemfor
oilseeds,aslastamendedbyRegulation (EEC)No
688/73(4),providesthatsuchadjustmentshould
involveincreasingorreducingtheamountofsubsidy
applicableonthedayonwhichtheapplicationwas
lodgedbythedifferencebetweenthetargetprice
validduringthemonthduringwhichtheseedswere
placedundercontrolatanoilmillandthetarget
pricevalidonthedayonwhichtheapplicationwas
lodged;
WhereasArticle38ofRegulation (EEC)No1204/72
providesthatthecorrectiveamountmustbeequal
tothedifferencebetweentheworldmarketpricefor
colza,rapeandsunflowerseedsandtheforward
priceforthoseseedsvalidforashipmenteffected
duringthemonthinwhichtheseedswereplaced
undercontrolatanoilmill,thosepricesbeingdeter­
minedinaccordancewithArticles1,4and5ofReg­WhereasArticle3ofRegulationNo115/67/EECpro­
videsthat,wherenoofferorquotationcanbeused
asabasisfordeterminingtheworldmarketprice
andwhereitis,moreover,impossibletoestablish
thevalueoftheoiloroilcakeprocessedfromsuch
seed,theworldmarketpriceshouldbedetermined
onthebasisofthemostrecentknownvalueforoil
oroilcake,adjustedtotakeaccountofthetrendof
worldpricesforcompetingproductsbyapplyingto
thatvaluetherulessetoutinArticle2ofRegulation
No115/67/EEC;whereasArticle7ofRegulationNo
225/67/EECdefinescompetingproductsasthose
oilsoroilcakes,asthecasemaybe,whichappear
tohavebeenofferedinthelargestquantitiesonthe
worldmarketduringtheperiodunderconsidera­
tion;
WhereasArticle6(1)ofRegulationNo115/67/EEC
providesthat,whentheworldmarketpriceofa
typeofseedisbeingdetermined,thepriceused
shouldbeadjustedbyanamountnotexceedingthe
marginbetween:
—thedifferencebetweenthepriceof100kgof
colza,rapeorsunflowerseeds,plusprocessing
costs,andthetotalofthepricesofthequantitiesi1)OJNoL222,2.10.1971,p.2.
(2)OJNoL282,23.12.1971,p.18,
(3)OJNoL133,10.6.1972,p.1.
(4)OJNoL66,13.3.1973,p.20.

14.3.73 NoL67/24 OfficialJournaloftheEuropeanCommunities
caseofpre-fixationforthemonthsofJulyandAug­
ust1973theamountofsubsidyontheseproductshas
beenobtainableonlyonthebasisoftheindicative
priceforthemonthsofJulyandAugust1972,this
amountmay,therefore,beappliedonlyonatem­
porarybasisandshouldbeconfirmedorreplaced
whentheindicativepriceforthe1973/74marketing
yearisknown;
Whereasitfollowsfromapplyingalltheseprovi­
sionstotheoffersandquotationsknowntothe
Commissionthatthesubsidyoncolza,rapeandsun­
flowerseedsshouldbefixedasshownintheTable
annexedtothisRegulation;ulation115/67/EEC;whereas,ifnoofferandno
pricecanbeusedforsuchdetermination ,the
methodofcalculationprovidedforinArticle38of
Regulation (EEC)No1204/72shouldbeused;
whereastheabovementioned differencemaybe
adjustedpursuanttoArticle39ofRegulation (EEC)
No1204/72,accountbeingtakenofpricesforsoya
seedsontheworldmarket;
Whereasthesubsidyshouldbefixedwheneverthe
marketsituationmakesitnecessaryandinsucha
wayastoensureitsbeingappliedatleastoncea
week;
WhereasArticle34ofRegulation (EEC)No1204/72
providesthatthesubsidyfixedpreviouslyshouldbe
retainedifthevariationinthefactorsusedtocalcu­
lateitentailsanincreaseorreductioninthatsub­
sidyoflessthan0-10unitofaccount;whereasthe
subsidymaybealteredwheneveritbecomesobvious
thatsuchalterationisnecessary;
Whereas,ifthesubsidysystemistooperatenormally,
thesubsidyshouldbecalculatedonthebasisofan
exchangeratewhichisbased,inthecaseofcurrencies
whicharefloatingorwhosecentralratediffersfrom
theofficialparity,ontheeffectiverateorthe
centralrateofthesecurrenciesand,inthecaseof
theUSdollar,onthechangeinparityannounced
on13February1973;
Whereasintheabsenceoftheindicativepriceforthe
1973/74marketingyearforcolzaandrapeseedinHASADOPTED THISREGULATION :
Article1
1.TheamountofthesubsidyreferredtoinArticle
27ofRegulationNo136/66/EECisherebyfixedas
shownintheTableannexedtothisRegulation .
2.Theamountofthesubsidyforthemonthsof
JulyandAugust1973will,however,asforcolzaand
rapeseeds,beconfirmedorreplacedasfrom14
Marchtotakeintoaccounttheindicativepricewhich
isfixedfortheseproductsforthe1973/74market­
ingyear.
Article2
ThisRegulationshallenterintoforceon14March
1973.
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,13March1973.
FortheCommission
P.J.LARDINOIS
MemberoftheCommission

14.3.73 OfficialJournaloftheEuropeanCommunities NoL67/25
ANNEX
totheCommissionRegulationof13March1973fixingtheamountofthesubsidyonoilseeds
Subsidyapplicablefrom14March1973tocolzaandrapeseeds(CCTheadingNoex12.01)
andsunflowerseeds(CCTheadingNoex12.01)(u.a./lOOkg)
ColzaandrapeseedSunflowerseed
Subsidy ' 4-537 4-960
Subsidyinthecaseofadvancefixing(J)
—forthemonthofMarch 4-537 4-960
—forthemonthofApril 5-988 4-925
—forthemonthofMay 5-988 4-855
—forthemonthofJune 6-071 4-820
—forthemonthofJuly 4-754 —
—forthemonthofAugust 4-837 —
0)AdvancefixingofthesubsidyissuspendedinaccordancewithRegulation (EEC)No646/73(OJNoL61,
7.3.1973,p.17)asamendedbyRegulation (EEC)No701/73(seep.17ofthisOfficialJournal)