6.3.76 OfficialJournaloftheEuropeanCommunities NoL59/35
COMMISSION REGULATION (EEC)No508/76
of5March1976
determining theworldmarketpriceforcolzaandrapeseed
THECOMMISSION OFTHEEUROPEAN
COMMUNITIES ,
HavingregardtotheTreatyestablishing theEuropean
Economic Community ,
HavingregardtoCouncilRegulation No136/
66/EECof22September 1966ontheestablishment
ofacommonorganization ofthemarketsinoilsand
fats('),aslastamended byRegulation (EEC)No
1707/73(2),
HavingregardtoCouncilRegulation (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),aslastamendedbyRegulation (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)No383/76
of20February1976fixingtheamountofthesubsidyonoilseeds(7),aslastamendedbyRegulation (EEC)
No507/76(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 shallenterintoforceon8March
1976.
ThisRegulation shallbebindinginitsentiretyanddirectlyapplicable inallMember
States.
DoneatBrussels ,5March1976.
FortheCommission
P.J.LARDINOIS
MemberoftheCommission
(')OJNo172,30.9.1966,p.3025/66.
(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.
(6)OJNoL66,13.3.1975,p.11.(7)OJNoL45,21.2.1976,p.33.
(8)Seepage33ofthisOfficialJournal .

NoL59/36 OfficialJournaloftheEuropean Communities 6.3.76
ANNEX
Worldmarketpriceapplicable from8March1976forcolzaandrapeseed(CCTheading
Noex12.01)
u.aJ100kg(')
17.218
17.218
17.298
17.379
17.459
17.540
17.540Worldmarketprice
Worldmarketpricewherethesubsidyisfixedinadvance :
—forthemonthofMarch1976
—forthemonthofApril1976
—forthemonthofMay1976
—forthemonthofJune1976
—forthemonthofJuly1976
—forthemonthofAugust1976
j1)Theconversion ratesfromunitsofaccountintonationalcurrencyasforeseenbyArticle9(5)(a)ofRegulation (EEC)No2300/73
arethefollowing :
1u.a.—DM 3.21978
1u.a.=F1 3.35507
1u.a.—Bfr/Lfr48.6572
1u.a.=FF 5.55419
1u.a.■■Dkr 7.57828
1u.a.—£ 0.61332
1u.a.=I£ 0.61332
1u.a.=Lit 967.651