18.3.75 OfficialJournaloftheEuropeanCommunities NoL69/13
REGULATION (EEC)No701/75OFTHECOMMISSION
of17March1975
supplementing Regulation (EEC)No586/75ontheopeningofaninvitationto
tenderforthelevyandtherefundfortheexportofwhollymilledroundgrain
ricetothirdcountries
thereforedesirabletomakeprovisionfortheeffectsof
themonetarysituationtobetakenintoaccountin
respectofeachtenderandtosupplementaccordingly
CommissionRegulation (EEC)No586/75(l0)of6
March1975ontheopeningofaninvitationtotender
forthelevyand/ortherefundfortheexportofwholly
milledroundgrainricetothirdcountries;
WhereasthemeasuresprovidedforinthisRegulation
areinaccordancewiththeOpinionoftheManage­
mentCommitteeforCereals,
HASADOPTED THISREGULATION :THECOMMISSION OFTHEEUROPEAN
COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity ;
HavingregardtoCouncilRegulationNo359/
67/EEC(1)of25July1967onthecommonorganiza­
tionofthemarketinrice,aslastamendedbyRegula­
tion(EEC)No476/75(2);
HavingregardtoCouncilRegulation (EEC)No
2737/73(3)of8October1973layingdowngeneral
rulestobeappliedintheeventofthericemarket
beingdisturbed,asamendedbyRegulation (EEC)No
477/75(4),andinparticularArticle4(2)thereof;
HavingregardtoCouncilRegulationNo366/
67/EEC(5)of25July1967layingdowngeneralrules
forexportrefundsonriceandthecriteriaforfixing
theamountofsuchrefunds,aslastamendedbyRegu­
lation(EEC)No478/75(6),andinparticularArticle
3athereof;
Whereasthesecondsubparagraph ofArticle1(1)of
respectivelyCommission Regulation (EEC)No
3197/73(7)of2-3November1973establishingthe
conditionsfortheapplicationofthesystemof
tenderingforexportleviesonrice,aslastamendedby
Commission Regulation (EEC)No583/75(8)and
Commission Regulation (EEC)No584/75(9)of6
March1975layingdowndetailedrulesfortheapplica­
tionofthesystemoftenderingforexportrefundson
riceprovidesthatinvitationstotenderfortheexport
levyand/orrefundshallbeopenonequaltermstoall
personsestablishedwithintheCommunity ;whereas,
byreasonofthedifferingmonetarycircumstances in
thevariousMemberStates,satisfactionofthiscondi­
tioncannotbeensuredbytheapplicationofthe
exchangeratesapplicableforpurposesofthecommon
agriculturalpolicy,sincemonetarycompensatory
amountsdonotapplyinthericesector;whereasitisArticle1
AnArticle9aasfollowsisinsertedinRegulation
(EEC)No586/75:
'Theratesusedforconvertingintounitsof
accounttendersassubmittedinnationalcurren­
ciesandforconvertingintonationalcurrencies
themaximumrefundorminimumlevyasfixedin
unitsofaccountsshallbe:
—inthecaseofcurrenciesheldatanygiven
momentwithinabandof2-25%,thecentral
rate;
—inallothercasestheaveragespotexchange
rateduringaperiodrunningfromthe
WednesdayofoneweektotheTuesdayofthe
followingweek,suchlatterweekbeingthatin
thecourseofwhichtheperiodforthesubmis­
sionoftendersexpires.'
(')OJNo174,31.7.1967,p.1.
(2)OJNoL52,28.2.1975,p.31.
(3)OJNoL282,9.10.1973,p.13.h)OJNoL52,28.2.1975,p.33.Article2
ThisRegulationshallenterintoforceontheday
followingitspublicationintheOfficialJournalof
theEuropeanCommunities .(5)OJNo174,31.7.1967,p.34.
(o)OJNoL52,28.2.1975,p.34.
(7)OJNoL326,27.11.1973,p.10,
(s)OJNoL61,7.3.1975,p.24.
(")OJNoL61,7.3.1975,p.25. (10)OJNoL61,7.3.1975,p.31.

NoL69/14 OfficialJournaloftheEuropeanCommunities 18.3.75
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,17March1975.
FortheCommission
P.J.LARDINOIS
MemberoftheCommission