25.10.74 OfficialJournalottheEuropeanCommunities NoL288/23
REGULATION (EEC)No2691/74OFTHECOMMISSION
of24October1974
fixingthecorrectiveamountapplicabletotherefundonriceandbrokenrice
THECOMMISSION OFTHEEUROPEAN
COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity ;
HavingregardtoCouncilRegulationNo359/
67/EEC(')of25July1967onthecommonorganiza­
tionofthemarketinrice,aslastamendedbyRegula­
tion(EEC)No1129/74(2),andinparticularthefirst
subparagraph ofArticle 17(4)thereof;
HavingregardtotheOpinionoftheMonetary
Committee ;
Whereasthefirstsubparagraph ofArticle17(4)of
RegulationNo359/67/EECprovidesthattheexport
refundapplicabletoriceandbrokenriceontheday
onwhichapplicationforanexportlicenceismade,
adjustedforthethresholdpricewhichwillbeinforce
duringthemonthofexportation ,mustbeappliedon
requesttoexportstobeeffectedduringtheperiodof
validityofthelicence;
WhereasRegulationNo474/67/EEC(3),asamended
byRegulation (EEC)No1397/68(4),laysdown
detailedrulesfortheadvancefixingoftheexport
refundonriceandbrokenrice;
WhereasthatRegulationprovidesthattherefund
applicableonthedayonwhichapplicationforan
exportlicenceismademust,whenitisfixedin
advance,bereducedbyanamountnogreaterthanthe
differencebetweenthecifforwarddeliverypriceand
thecifprice,wheretheformerexceedsthelatterby
morethan0-025unitofaccountper100kilo­
grammes;whereas,ontheotherhand,therefund
mustbeincreasedbyanamountnogreaterthanthe
differencebetweenthecifpriceandthecifforward
deliveryprice,wheretheformerexceedsthelatterby
morethan0-025unitofaccountper100kilo­
grammes ;
Whereasthecifpriceisthatdeterminedinaccor­
dancewithArticle16ofRegulationNo359/67/EEC;whereasthecifforwarddeliverypriceisthatdeter­
minedinaccordancewithArticle3(2)ofRegulation
No365/67/EEC(5),aslastamendedbyRegulation
(EEC)No2435/70(b),based,inrespectofeachmonth
forwhichtheexportlicenceisvalid,onthecifprice
calculatedonthebasisofoffersforshipmentduring
themonthofexportation ;
Whereasiftherefundsystemistooperatenormally,
refundsshouldbecalculatedonthefollowingbasis:
—inthecaseofcurrencieswhicharemaintained in
relationtoeachother,atanygivenmoment,
withinabandof2-25%,arateofexchangebased
ontheireffectiveparity;
—forothercurrenciesanexchangeratebasedonthe
arithmeticmeanofthespotmarketratesofeach
ofthesecurrenciesrecordedforagivenperiod,in
relationtotheCommunitycurrenciesreferredto
intheprevioussubparagraph ;
Whereasitfollowsfromapplyingalltheseprovisions
thatthecorrectiveamountapplicableon25October
1974mustbefixedasshownintheTableannexedto
thisRegulation ;
WhereasthemeasuresprovidedforinthisRegulation
areinaccordancewiththeOpinionoftheManage­
mentCommitteeforCereals,
HASADOPTED THISREGULATION :
Article1
ThecorrectiveamountreferredtoinArticle17(4)of
RegulationNo359/67/EECwhichisapplicabletothe
exportrefundsfixedinadvanceinrespectofriceand
brokenriceisherebyfixedasshownintheTable
annexedtothisRegulation .
A)tide2
ThisRegulationshallenterintoforceon25October
I974.
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,24October 1974.
Forthe('.ummission
P.J.LARDINOIS
Aicm/nro(the(.ommnMou
(')OJNoI'M,}|.7.1967,p.|.
(-)OINoI.12S.10.vlc>74,p.20.
(3)O|No204,24.S.196\p.20.
")O|NoL222,10.9.1968,p.6.C)O)No174,}1.7.1967,p..*2.
(")O'lNoI.262.3.12.1970.n.I.

NoL288/24 OfficialJournaloftheEuropeanCommunities 25.10.74
ANNEX
totheCommissionRegulationof24October1974fixingthecorrectiveamountapplicable
totherefundonriceandbrokenrice
(Iu.a./100kg)
CCT
heeding
NoDescriptionofgood«Current
101st
period
112nd
period
123rd
period
14th
period
25th
period
3
100* Rice:
A.Paddyrice;huskedrice:
I.Paddyrice:
a)Roundgrained-
b)Longgrained— — — — — —
II.Huskedrice:
a)Roundgrained— — — — — —
b)Longgrained— — — — — -—
B.Semi-milledorwhollymilled
rice:
I.Semi-milledrice:
a)Roundgrained — — _—
b)Longgrained — — — — ——
11.Whollymilledrice:
a)Roundgrained — — — —
b)Longgrained — — — — — —
C.Brokenrice — — — — — —