15.3.74 OfficialJournaloftheEuropeanCommunities NoL72/19
REGULATION (EEC)No588/74OFTHECOMMISSION
of14March1974
fixingtheexportrefundsonriceandbrokenrice
whentheexportrefundonriceandbrokenriceis
beingcalculated;
Whereastheworldmarketsituationorthespecific
requirements ofcertainmarketsmaymakeitneces­
sarytovarytherefundforcertainproductsaccording
todestination ;
Whereastherefundmustbefixedonceaweek;
whereasitmaybealteredintheinterveningperiod;
Whereas,iftherefundsystemistooperatenormally,
refundsshouldbecalculatedonthefollowingbasis:
—inthecaseofcurrencieswhicharemaintainedin
relationtoeachother,atanygivenmoment,
withinabandof2-25%,arateofexchangebased
ontheireffectiveparity;
—forothercurrenciesanexchangeratebasedonthe
arithmeticmeanofthespotmarketratesofeach
ofthesecurrenciesrecordedforagivenperiod,in
relationtotheCommunitycurrenciesreferredto
intheprevioussubparagraph ;
Whereasitfollowsfromapplyingtheserulesand
criteriatothepresentsituationonthemarketinrice
andinparticulartoquotationsorpricesforriceand
brokenricewithintheCommunityandontheworld
marketthattherefundshouldbefixedattheamounts
shownintheAnnextothisRegulation ;
WhereasthemeasuresprovidedforinthisRegulation
areinaccordancewiththeOpinionoftheManage­
mentCommitteeforCereals,THECOMMISSION OFTHEEUROPEAN
COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity ;
HavingregardtoCouncilRegulationNo359/
67/EECof25July1967onthecommonorganiza­
tionofthemarketinrice,aslastamendedbythe
Act(2)annexedtotheTreaty(3)ontheAccessionof
newMemberStatestotheEuropeanEconomic
Community andtheEuropeanAtomicEnergy
Community ,signedatBrusselson22January1972,
andinparticularthefirstsentenceofthefourthsub­
paragraphofArticle17(2)thereof;
HavingregardtotheOpinionoftheMonetary
Committee ;
WhereasArticle17ofRegulationNo359/67/EEC
providesthatthedifferencebetweenquotationsor
pricesontheworldmarketfortheproductslistedin
Article1ofthatRegulationandpricesforthose
productswithintheCommunitymaybecoveredby
anexportrefund;
WhereasArticle2ofCouncilRegulationNo366/
67/EEC(4)of25July1967layingdowngeneralrules
forgrantingexportrefundsonriceandcriteriafor
fixingtheamountofsuchrefunds,asamendedby
RegulationNo1019/67/EEC(5),providesthatwhen
refundsarebeingfixedaccountmustbetakenofthe
existingsituationandthefuturetrendwithregardto
pricesandavailabilitiesofriceandbrokenriceonthe
Communitymarketontheonehandandpricesfor
riceandbrokenriceontheworldmarketonthe
other;whereasthesameArticleprovidesthatitisalso
importanttoensureequilibriumandthenaturaldevel­
opmentofpricesandtradeonthericemarketand,
furthermore ,totakeintoaccounttheeconomicaspect
oftheproposedexportsandtheneedtoavoiddistur­
banceoftheCommunitymarket;
WhereasRegulationNo669/67/EEC(6),asamended
byRegulation (EEC)No1057/68(7),laysdownthe
maximumpercentageofbrokenriceallowedinrice
forwhichanexportrefundisfixedandspecifiesthe
percentagebywhichthatrefundistobereduced
wheretheproportionofbrokenriceintherice
exportedexceedsthatmaximum ;
WhereasArticle3ofRegulationNo366/67/EEC
definesthespecificcriteriatobetakenintoaccountHASADOPTEDTHISREGULATION :
Article1
TherefundsontheproductslistedinArticle1of
RegulationNo359/67/EECwiththeexceptionof
thoselistedinparagraph 1(c)ofthatArticle,exported
inthenaturalstate,areherebyfixedasshowninthe
AnnextothisRegulation .
(')OJNo174,31.7.1967,p.1.
(2)OJNoL73,27.3.1972,p.14.
(3)OJNoL73,27.3.1972,p.5. Article2
(4)OJNo174,31.7.1967,p.34.
(5)OJNo311,21.12.1967,p.13.
(6)OJNo241,5.10.1967,p.6. ThisRegulationshallenterintoforceon15March
1974. (7)OJNoL179,25.7.1968,p.31.

NoL72/20 OfficialJournaloftheEuropeanCommunities 15.3.74
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,14March1974.
FortheCommission
P.J.LARDINOIS
MemberoftheCommission
ANNEX
totheCommissionRegulationof14March1974fixingtheexportrefundsonriceand
brokenrice
(u.a./100kg)
CCT
heading
NoDescriptionofgoodsAmountof
refund
10.06 Rice:
A.Paddyrice;huskedrice:
I .
II.Huskedrice:
a)Roundgrained—
b)Longgrained—
B.Semi-milledorwhollymilledrice:
I.Semi-milledrice:
a)Roundgrained—
b)Longgrained—
II.Whollymilledrice:
a)Roundgrained—
b)Longgrained—
C.Brokenrice —
TheamountbywhichtherefundsmaybeincreasedpursuanttoArticle1ofRegulationNo719/
67/EECis0-20u.a./100kg.