24.12.88 OfficialJournaloftheEuropeanCommunities NoL356/19
COMMISSION REGULATION (EEC)No4055/88
of23December 1988
fixingthecorrectiveamountapplicabletotherefundonmalt
THECOMMISSION OFTHEEUROPEAN COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity,
HavingregardtotheActofAccessionofSpainand
Portugal,
HavingregardtoCouncilRegulation(EEC)No2727/75
of29October1975onthecommonorganizationofthe
marketincereals('),aslastamendedbyCouncilRegula­
tion(EEC)No2221/88(2),
HavingregardtoCouncilRegulation(EEC)No2746/75
of29October1975layingdowngeneralrulesforgranting
exportrefundsoncerealsandcriteriaforfixingthe
amountofsuchrefunds(3),
HavingregardtotheopinionoftheMonetaryCommittee,mustbetakenofthequantityofcerealsneededfor
makingmalt,theeconomicaspectofexportsandthe
needtoavoiddisturbancesontheCommunitymarket;
Whereastheworldmarketsituationorthespecificrequi­
rementsofcertainmarketsmaymakeitnecessarytovary
thecorrectiveamountaccordingtodestination;
Whereasthecorrectiveamountmustbefixedatthesame
timeastherefundandaccordingtothesameprocedure;
whereasitmaybealteredintheperiodbetweenfixings;
Whereas,ifthesystemofcorrectiveamountsistooperate
normally,correctiveamountsshouldbecalculatedonthe
followingbasis:
—inthecaseofcurrencieswhicharemaintainedinrela­
tiontoeachotheratanygivenmomentwithinaband
of2,25%,arateofexchangebasedontheircentral
rate,multipliedbythecorrectivefactorprovidedforin
thelastparagraphofArticle3(1)ofCouncilRegula­
tion(EEC)No1676/85f),aslastamendedbyRegula­
tion(EEC)No1636/87(8),
—forothercurrencies,anexchangeratebasedonthe
arithmeticmeanofthespotmarketratesofeachof
thesecurrenciesrecordedoveragivenperiodinrela­
tiontotheCommunitycurrenciesreferredtointhe
precedingindent,andtheaforesaidcoefficient;
Whereasitfollowsfromapplyingtheprovisionssetout
abovethatthecorrectiveamountmustbeassetoutinthe
Annexhereto;
WhereasthemeasuresprovidedforinthisRegulationare
inaccordancewiththeopinionoftheManagement
CommitteeforCereals,WhereasArticle16(4)ofRegulation(EEC)No2727/75
providesthattheexportrefundapplicabletocerealson
thedayonwhichapplicationforanexportlicenceis
made,adjustedforthethresholdpriceinforceduringthe
monthofexportation,mustbeappliedonrequestto
exportstobeeffectedduringtheperiodofvalidityofthe
exportlicence;whereas,inthiscase,acorrectiveamount
mustbeappliedtotherefund;
WhereasCouncilRegulation(EEC)No2744/75of29
October1975ontheimportandexportsystemfor
productsprocessedfromcerealsandfromrice(4),aslast
amendedbyRegulation (EEC)No1906/87(*),made
possiblethefixingofacorrectiveamountforcertain
productslistedinArticle1(d)ofRegulation(EEC)No
2727/75;
WhereasRegulationCommission (EEC)No1281/75(*)
laiddowndetailedrulesfortheadvancefixingofexport
refundsforcerealsandcertainproductsprocessedfrom
cereals;
Whereas,pursuanttothatRegulation,whenthecorrective
amountisbeingfixedinrespectofmalt,accountmustbe
takenoftheexistingsituationandthefuturetrendwith
regardtothepossibilitiesandconditionsforthesaleof
thecerealsconcernedandofmaltontheworldmarket;
whereasthesameRegulationalsoprovidesthataccountHASADOPTEDTHISREGULATION :
Article1
ThecorrectiveamountreferredtoinArticle16(4)of
Regulation(EEC)No2727/75whichisapplicableto
exportrefundsfixedinadvanceinrespectofmaltshallbe
assetoutintheAnnexhereto.
Article2
ThisRegulationshallenterintoforceon1January1989.(')OJNoL281,1.11.1975,p.1.0OJNoL197,26.7.1988,p.16.0OJNoL281,1.11.1975,p.78.
(<)OJNoL281,1.11.1975,p.65.0OJNoL182,3.7.1987,p.49.
(«)OJNoL131,22.5.1975,p.15.0OJNoL164,24.6.1985,p.1.
(')OJNoL153,13.6.1987,p.1.

NoL356/20 OfficialJournaloftheEuropeanCommunities 24.12.88
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,23December1988.
FortheCommission
FransANDRIESSEN
Vice-President
ANNEX
totheCommission Regulationof23December1988fixingthecorrectiveamount
applicabletotherefundonmalt
(ECU/tonne)
ProductcodeCurrent
11stperiod
22ndperiod
33rdperiod
44thperiod
55thperiod
6
11071011000
11071019000
11071091000
11071099000
110720000000
0
0
0
00
0
0
0
00
0
0
0
00
0
0
0
00
0
0
0
00
0
0
0
0
(ECU/tonne)
Productcode6thperiod
77thperiod
88thperiod
99thperiod
1010thperioc
1111thperiod
12
11071011000
11071019000
11071091000
11071099000
110720000000
0
0
0
00
0
0
0
00
0
0
0
00
0
0
0
00
0
0
0
00
0
0
0
0