29.11.88 OfficialJournaloftheEuropeanCommunities NoL325/23
COMMISSION REGULATION (EEC)No3705/88
of28November 1988
fixingthecorrectiveamountapplicabletotherefundonriceandbrokenrice
THECOMMISSION OFTHEEUROPEAN COMMUNITIES ,dancewithArticle3(2)"ofCouncilRegulation(EEC)No
1428/76(*),basedinrespectofeachmonthforwhichthe
exportlicenceisvalid,onthecifpricecalculatedonthe
basisofoffersforshipmentduringthemonthofexporta­
tion;HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity ,
HavingregardtotheActofAccessionofSpainand
Portugal,
HavingregardtoCouncilRegulation(EEC)No1418/76
of21June1976onthecommonorganizationofthe
marketinrice('),aslastamendedbyRegulation(EEC)
No2229/88(2),andinparticularthesecondsubparagraph
ofArticle17(4)thereof,whereas,iftherefundsystemistooperatenormally,
refundsshouldbecalculatedonthefollowingbasis:
—inthecaseofcurrencieswhicharemaintainedinrela­
tiontoeachotheratanygivenmomentwithinaband
of2,25%,arateofexchangebasedontheircentral
rate,multipliedbythecorrectivefactorprovidedforin
thelastparagraphofArticle3(1)ofCouncilRegula­
tion(EEC)No1676/85(6),aslastamendedbyRegula­
tion(EEC)No1636/870,
—forothercurrencies,anexchangeratebasedonthe
arithmeticmeanofthespotmarketratesofeachof
thesecurrenciesrecordedforagivenperiodinrela­
tiontotheCommunitycurrenciesreferredtointhe
previousindent,andtheaforesaidcoefficient;
Whereasitfollowsfromapplyingtheprovisionssetout
abovethatthecorrectiveamountmustbeassetoutinthe
Annexhereto:HavingregardtotheopinionoftheMonetaryCommittee,
whereasthefirstsubparagraphofArticle17(4)ofRegu­
lation(EEC)No1418/76providesthattheexportrefund
applicabletoriceandbrokenriceonthedayonwhich
applicationforanexportlicenceismade,adjustedforthe
thresholdpricewhichwillbeinforceduringthemonth
ofexportation,mustbeappliedonrequesttoexportsto
beeffectedduringtheperiodofvalidityofthelicence;WhereasthemeasuresprovidedforinthisRegulationare
inaccordancewiththeopinionoftheManagement
CommitteeforCereals,WhereasCommissionRegulationNo474/67/EEC(3),as
amendedbyRegulation(EEC)No1397/68(4),laysdown
detailedrulesfortheadvancefixingoftheexportrefund
onriceandbrokenrice:
HASADOPTEDTHISREGULATION :
Article1WhereasthatRegulationprovidesthattherefundappli­
cableonthedayonwhichapplicationforanexport
licenceismademust,whenitisfixedinadvance,be
reducedbyanamountnogreaterthanthedifference
betweenthecifforwarddeliverypriceandthecifprice,
wheretheformerexceedsthelatterbymorethan0,30
ECUpertonne;whereasontheotherhand,therefund
moistbeincreasedbyanamountnogreaterthanthe
differencebetweenthecifpriceandthecifforwarddeli­
veryprice,wheretheformerexceedsthelatterbymore
than0,30ECUpertonne;ThecorrectiveamountreferredtoinArticle17(4)of
Regulation(EEC)No1418/76whichisapplicabletothe
exportrefundsfixedinadvanceinrespectofriceand
brokenriceshallbeassetoutintheAnnexhereto.
Article2
Whereasthecifpriceisthatdeterminedinaccordance
withArticle16ofRegulation(EEC)No1418/76;whereas
thecifforwarddeliverypriceisthatdeterminedinaccor­ThisRegulationshallenterintoforceon1December
1988.
(')OJNoL166,25.6.1976,p.1.0OJNoL197,26.7.1988,p.30.
(3)OJNo204,24.8.1967,p.20.
(4)OJNoL222,10.9.1968,o.6.0OJNoL166,25.6.1976,p.30.0OJNoL164,24.6.1985,p.1.oOJNoL153,13.6.1987,p.1.

29.11.88 NoL325/24 OfficialJournaloftheEuropeanCommunities
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,28November1988.
FortheCommission
FransANDRIESSEN
Vice-President
ANNEX
totheCommissionRegulationof28November1988fixingthecorrectiveamountappli­
cabletotherefundonriceandbrokenrice
(ECU/tonne)
ProductcodeCurrent
121stperiod
12ndperiod
23rdperiod
3
10062010000 — — — —
10062090000(') 0 0 0 0
10063011000 — — — —
10063019000 0 0 0 0
10063091000 — — — —
10063099100(') 0 0 0 0
10063099900(') 0 0 0 0
10064000000 — — — —
(')Theamountisapplicabletomedium-grainandlong-grainrice,oftypeA(withalength/widthratioofgreater
than2andlessthan3),asdefinedinparagraph2ofAnnexAofRegulation(EEC)No1418/76,asamendedby
Regulation(EEC)No3877/87(OJNoL365,24.12.1987,p.1).
N.B.:TheproductcodesandthefootnotesaredefinedinCommissionRegulation(EEC)No3846/87
asamended(OJNoL366,24.12.1987,p.1).