NoL19/36 OfficialJournaloftheEuropeanCommunities 22.1.77
COMMISSION REGULATION (EEC)No123/77
of21January 1977
determining theworldmarketpriceforcolzaandrapeseed
oilseeds(7),aslastamendedbyRegulation (EEC)No
122/77(8);
Whereas toenablethepricesystemtooperate
normally ,theworldmarketpriceshouldbecalculated
onthefollowing basis:
—inthecaseofcurrencies whicharemaintained in
relationtoeachother,atanygivenmoment ,
withinabandof2-25%,arateofexchangebased
ontheireffectiveparity;
—forothercurrencies anexchangeratebasedonthe
arithmetic meanofthespotmarketratesofeach
ofthesecurrencies recordedforagivenperiod,in
relationtotheCommunity currencies referredto
intheprevioussubparagraph ;
Whereas ,applying alltheseprovisions ,theworld
marketpriceforcolzaandrapeseedshouldbefixed
asshowninthetableannexedtothisRegulation ,
HASADOPTED THISREGULATION :
Article 1
TheworldmarketpricereferredtoinArticle9(4)of
Regulation (EEC)No2300/73andtheratestobeused
forconverting themintonationalcurrencies shallbe
asshowninthetableannexedtothisRegulation .
Article 2
ThisRegulation shallenterintoforceon24January
1977.THECOMMISSION OFTHEEUROPEAN
COMMUNITIES ,
HavingregardtotheTreatyestablishing theEuropean
Economic Community ,
HavingregardtoCouncilRegulation No136/
66/EECof22September 1966ontheestablishment
ofacommonorganization ofthemarketsinoilsand
fats(!),aslastamended byRegulation (EEC)No
1707/73(2),
HavingregafdtoCouncilRegulation (EEC)No
1569/72of20July1972layingdownspecial
measuresforcolzaandrapeseed(3),aslastamended
byRegulation (EEC)No3477/73(4),
HavingregardtoCommission Regulation (EEC)No
2300/73of23August1973layingdowndetailed
rulesforapplyingdifferential amountsforcolzaand
rapeseedandrepealing Regulation (EEC)No
1464/73(5),aslastamended byRegulation (EEC)No
632/75(6),andinparticular Article9(4)thereof,
HavingregardtotheopinionoftheMonetary
Committee ,
Whereas ,pursuanttoArticle9(4)ofRegulation (EEC)
No2300/73,theCommission mustdetermine the
worldmarketpriceforcolzaandrapeseed;
Whereastheworldmarketpriceshouldbedeter­
minedinaccordance withtherulesandthecriteria
setoutinCommission Regulation (EEC)No1713/76
of15July1976fixingtheamountofthesubsidyon
ThisRegulation shallbebindinginitsentiretyanddirectlyapplicable inallMember
States .
DoneatBrussels ,21January1977.
FortheCommission
FinnGUNDELACH
Vice-President
(')OJNo172,30.9.1966,p.302.5/66.
(2)OJNoL175,29.6.1973,p.5.
(3)OJNoL167,25.7.1972,p.9.
(4)OJNoL357,28.12.1973,p.6.
(5)OJNoL236,24.8.1973,p.28.
(fe)OJNoL66,13.3.1975,p.11.(7)OJNoL192,16.7.1976,p.17.
(s)Seepage34ofthisOfficialJournal .

22.1.77 NoL19/37 OfficialJournaloftheEuropean Communities
ANNEX
Worldmarketpriceapplicable from24January1977forcolzaandrapeseed(CCTheading
Noex12.01)
u.a./100kv(')
worldmarketprice
Worldmarketpricewherethesubsidyisfixedinadvance :
—forthemonthofJanuary1977
—forthemonthofFebruary 1977
—forthemonthofMarch1977
—forthemonthofApril1977
—forthemonthofMay1977
—forthemonthofJune197722007
22.007
22007
22.007
21.932
21.932
21.932
(')Theconversion ratesfromunitsofaccountintonationalcurrencyasforeseenbyArticle9(5)(a)ofRegulation (EEC)No2300/73
arethefollowing :
Iu.a.=DM 315665
1u.a.-F1 3-35507
1u.a.-Bfr/Lfr48-6572
1u.a.=FF 6-62335
1u.a.=Dkr 7-89407
1u.a.-£ 0-777780
Iu.a.=1£ 0777780
1u.a.=Lit 1168-98