NoL308/44 1.12.77 OfficialJournaloftheEuropeanCommunities
COMMISSION REGULATION (EEC)No2655/77
of30November 1977
fixingthecorrectiveamountapplicabletotherefundonmalt
ofexportsandtheneedtopreventdisturbanceson
theCommunitymarket;
Whereastheworldmarketsituationorthespecific
requirements ofcertainmarketsmaymakeitneces­
sarytovarythecorrectiveamountaccordingtodesti­
'nation;
Whereasthecorrectiveamountmustbefixedatthe
sametimeastherefundandaccordingtothesame
procedure ;whereasitmaybealteredintheperiod
betweenfixings;
Whereas,ifthesystemofcorrectiveamountsisto
operatenormally,correctiveamountsshouldbecalcu­
latedonthefollowingbasis:
—inthecaseofcurrencies,whicharemaintainedin
relationtoeachother,atanygivenmoment,
withinabandof2-25%,arateofexchangebased
ontheireffectiveparity,
—forothercurrenciesanexchangeratebasedonthe
arithmeticmeanofthespotmarketratesofeach
ofthesecurrenciesrecordedforagivenperiod,in
relationtotheCommunitycurrenciesreferredto
intheprecedingsubparagraph ;
Whereasitfollowsfromapplyingtheprovisions
referredtoabovethatthecorrectiveamountmustbe
fixedasshowninthetablesannexedtothisRegula­
tion;
WhereasthemeasuresprovidedforinthisRegulation
areinaccordancewiththeopinionoftheManage­
mentCommitteeforCereals,THECOMMISSION OFTHEEUROPEAN
COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity ,
HavingregardtoCouncilRegulation (EEC)No
2727/75of29October1975onthecommonorganiza­
tionofthemarketincereals(J),aslastamendedby
Regulation (EEC)No1386/77(2),andinparticularthe
thirdsentenceofthesecondsubparagraph ofArticle
16(4)thereof,
HavingregardtoCouncilRegulation (EEC)No
2746/75of29October1975layingdowngeneral
rulesforgrantingexportrefundsoncerealsand
criteriaforfixingtheamountofsuchrefunds(3),
HavingregardtotheopinionoftheMonetary
Committee ,
WhereasArticle16(4)ofRegulation (EEC)No
2727/75providesthattheexportrefundapplicableto
cerealsonthedayonwhichapplicationforanexport
licenceismade,adjustedforthethresholdpricein
forceduringthemonthofexportation ,mustbe
appliedonrequesttoexportstobeeffectedduringthe
periodofvalidityoftheexportlicence;whereas,in
thiscase,thecorrectiveamountmustbeappliedto
therefund;
WhereasCouncilRegulation (EEC)No2744/75of29
October1975ontheimportandexportsystemfor
productsprocessedfromcerealsandfromrice(4),
madepossiblethefixingofacorrectiveamountfor
certainproductslistedinArticle1(d)ofRegulation
(EEC)No2727/75;
WhereasRegulation (EEC)No1281/75(5)laiddown
detailedrulesfortheadvancefixingofexportrefunds
forcerealsandcertainproductsprocessedfrom
cereals;
Whereas,pursuanttothatRegulation ,whenthecorrec­
tiveamountisbeingfixedinrespectofmalt,account
mustbetakenoftheexistingsituationandthefuture
trendwithregardtothepossibilitiesandconditions
forthesaleofthecerealsconcernedandofmalton
theworldmarket;whereasthesameRegulationalso
providesthataccountmustbetakenofthequantityof
cerealsneededformakingmalt,theeconomicaspectHASADOPTED THISREGULATION :
Article1
ThecorrectiveamountreferredtoinArticle16(4)of
Regulation (EEC)No2727/75whichisapplicableto
exportrefundsfixedinadvanceinrespectofmaltis
herebyfixedasshowninthetablesannexedtothis
Regulation .
Article2
ThisRegulationshallenterintoforceon1December(•)OJNoL281,1.11.1975,p.1.
(2)OJNoL158,29.6.1977,p.1.
(3)OJNoL281,1.11.1975,p.78.
(4)OJNoL281,1.11.1975,p.65.
(s)OJNoL131,22.5.1975,p.15. 1977.

1.12.77 OfficialJournaloftheEuropeanCommunities NoL308/45
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,30November1977.
FortheCommission
FinnGUNDELACH
Vice-President
ANNEX
totheCommissionRegulationof30November1977fixingthecorrectiveamountappli­
cabletotherefundonmalt
(u.aytonne)
CCTheadingNoCurrent
121stperiod
12ndperiod
23rdperiod
34thperiod
45thperiod
5
11.07AIa) 00000 —
11.07AIb) 00000 —
11.07AIIa) 0.0000 —
11.07AIIb) 00000—77-00
11.07B 00000—89-74
(u.aJtonne)
CCTheadingNo6thperiod
67thperiod
78thperiod
89thperiod
910thperiod
1011thperiod
11
11.07AIa)
11.07AIb)— — — — — —
11.07AIIa)— — — — — —
11.07AIIb) —77-00—77-00
/—77-00—77-00—77-00—77-00
11.07B —89-74—89-74—89-74—89-74—89-74—89-74