NoL52/54 OfficialJournaloftheEuropeanCommunities 27.2.81
COMMISSION REGULATION (EEC)No505/81
of26February1981
fixingthecorrectiveamountapplicabletotherefundoncereals
THECOMMISSION OFTHEEUROPEAN
COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity ,
HavingregardtoCouncilRegulation (EEC)No
2727/75of29October1975onthecommonorgani­
zationofthemarketincereals('),aslastamendedby
theActofAccessionofGreece(2),andinparticularthe
thirdsentenceofthesecondsubparagraph ofArticle
16(4)thereof,
HavingregardtoCouncilRegulation (EEC)No
2746/75of29October1975layingdowngeneralrules
forgrantingexportrefundsoncerealsandcriteriafor
fixingtheamountofsuchrefunds(3),
HavingregardtotheopinionoftheMonetary
Committee ,
WhereasArticle16(4)ofRegulation (EEC)No
2727/75providesthattheexportrefundapplicableto
cerealsonthedayonwhichapplicationforanexport
licenceismade,adjustedforthethresholdpricein
forceduringthemonthofexportation ,mustbe
appliedonrequesttoexportstobeeffectedduringthe
periodofvalidityoftheexportlicence;whereas,in
thiscase,acorrectiveamountmustbeappliedtothe
refund;
WhereasCouncilRegulation(EEC)No2744/75of29
October1975ontheimportandexportsystemfor
productsprocessedfromcerealsandfromrice(4),as
lastamendedbyRegulation (EEC)No2245/78(*),
madepossiblethefixingofacorrectiveamountfor
certainproductslistedinArticle1(c)ofRegulation
(EEC)No2727/75;
WhereasRegulation (EEC)No1281/75(6)laiddown
detailedrulesfortheadvancefixingofexportrefunds
forcerealsandcertainproductsprocessedfrom
cereals;Whereas,pursuanttothatRegulation,whenthe
correctiveamountisbeingfixed,accountmustbe
takenoftheexistingsituationandthefuturetrend
withregardtopricesandavailabilitiesofcerealsonthe
Communitymarketontheonehandandpossibilities
andconditionsforthesaleofcerealsandcereal
productsontheworldmarketontheother;whereas
thesameRegulationprovidesthatitisalsoimportant
toensureequilibriumandthenaturaldevelopmentof
pricesandtradeoncerealmarketsand,furthermore ,to
takeintoaccounttheeconomicaspectofexportsand
theneedtoavoiddisturbancesontheCommunity
market;
WhereasfortheproductslistedinArticle1(c)of
Regulation (EEC)No2727/75accountshouldbe
takenofthespecificcriterialaiddowninArticle2(2)
ofRegulation(EEC)No1281/75;
Whereastheworldmarketsituationorthespecific
requirements ofcertainmarketsmaymakeitnecessary
tovarythecorrectiveamountaccordingtodesti­
nation;
Whereasthecorrectiveamountmustbefixedatthe
sametimeastherefundandaccordingtothesame
procedure ;whereasitmaybealteredintheperiod
betweenfixings;
Whereasitmaybealteredintheperiodbetween
fixings;
Whereas,ifthesystemofcorrectiveamountsisto
operatenormally,correctiveamountsshouldbecalcu­
latedonthefollowingbasis:
—inthecaseofcurrencieswhicharemaintainedin
relationtoeachotheratanygivenmomentwithin
abandof225%,arateofexchangebasedon
theireffectiveparity;
—forothercurrencies,anexchangeratebasedonthe
arithmeticmeanofthespotmarketratesofeachof
thesecurrenciesrecordedforagivenperiodin
relationtotheCommunitycurrenciesreferredto
intheprecedingindent;
Whereasitfollowsfromapplyingtheprovisionsset
outabovethatthecorrectiveamountmustbeasset
outintheAnnexhereto;
WhereasthemeasuresprovidedforinthisRegulation
areinaccordancewiththeopinionoftheManagement
CommitteeforCereals,(')OJNoL281,1.11.1975,p.1.
(2)OJNoL291,19.11.1979,p.17.
(3)OJNoL281,1.11.1975,p.78.
(4)OJNoL281,1.11.1975,p.65.
OOJNoL273,29.9.1978,p.1.
(6)OJNoL131,22.5.1975,p.15.

27.2.81 OfficialJournaloftheEuropeanCommunities NoL52/55
exportrefundsfixedinadvanceinrespectofcereals
shallbeassetoutintheAnnexhereto.HASADOPTED THISREGULATION :
Article1Article2
ThisRegulationshallenterintoforceon1March
1981.ThecorrectiveamountreferredtoinArticle16(4)of
Regulation (EEC)No2727/75whichisapplicableto
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,26February1981.
FortheCommission
PoulDALSAGER
MemberoftheCommission
ANNEX
totheCommissionRegulationof26February1981fixingthecorrectiveamountappli­
cabletotherefundoncereals
(ECU/tonne)
CCT
heading
NoDescriptionCurrent
31st
period
42nd
period
53rd
period
64th
period
75th
period
86th
period
9
10.01ACommonwheat,andmesiin
forexportto:
—USSR
—China 0+5-00+500+7-00+5-00+5000
—otherthirdcountries 0 00—20000 0
10.01BDurumwheat 00 0 — — — —
10.02 Rye 0 00 — — — —
10.03 Barley
forexportto:
—USSR — — — — — — —
—otherthirdcountries 0+5-00+7-00+7-00 0 — —
10.04 Oats 00 0 — — — —
10.05BMaizeotherthanhybridmaize
forsowing— — — — — —
10.07CGrainsorghum— — — — — - —
11.01ACommonwheatflour 00000 — —
11.01BRyeflour 0 0000 — —
11.02AIa)Durumwheatgroatsandmeal 0 0 0 0 0 — —
11.02Alb)Commonwheatgroatsand
meal 0 000 0 — —
N.B.ThezonesarthosedefinedinRegulation (EEC)No1124/77(OJNoL134,28.5.1977).