NoL123/18 OfficialJournaloftheEuropeanCommunities 11.5.78
COMMISSION REGULATION (EEC)No953/78
of10May1978
fixingtheworldmarketpriceforcolzaandrapeseed
THECOMMISSION OFTHEEUROPEAN
COMMUNITIES ,
HavingregardtotheTreatyestablishing theEuropean
Economic Community ,
HavingregardtoCouncilRegulation No136/
66/EECof22September 1966ontheestablishment
ofacommonorganization ofthemarketsinoilsand
fats('),aslastamended byRegulation (EEC)No
2560/77(2),
HavingregardtoCouncilRegulation (EEC)No
1569/72of20July1972layingdownspecial
measuresforcolzaandrapeseed(3),aslastamended
byRegulation (EEC)No852/78(4),
HavingregardtoCommission Regulation (EEC)No
2300/73of23August1973layingdowndetailed
rulesforapplyingdifferential amountsforcolzaand
rapeseedandrepealing Regulation (EEC)No
1464/73(5),aslastamendedbyRegulation (EEC)No
1234/77(6),andinparticularArticle9(4)thereof,
HavingregardtotheopinionoftheMonetary
Committee ,
Whereas,pursuanttoArticle9(4)ofRegulation (EEC)
No2300/73,theCommission mustdetermine the
worldmarketpriceforcolzaandrapeseed;
Whereastheworldmarketpriceshouldbedeter­
minedinaccordance withtherulesandthecriteria
setoutinCommission Regulation (EEC)No190/78
of31January1978fixingtheamountofthesubsidyonoilseeds(7),aslastamendedbyRegulation (EEC)
No952/78(8);
Whereas,toenablethepricesystemtooperate
normally ,theworldmarketpriceshouldbecalculated
onthefollowing basis:
—inthecaseofcurrencies whicharemaintained in
relationtoeachotheratanygivenmomentwithin
abandof2-25%,arateofexchangebasedon
theireffectiveparity;
—forothercurrencies ,anexchangeratebasedonthe
arithmetic meanofthespotmarketratesofeach
ofthesecurrencies recordedforagivenperiodin
relationtotheCommunity currencies referredto
intheprevioussubparagraph ;
Whereas,applying alltheseprovisions ,theworld
marketpriceforcolzaandrapeseedshouldbefixed
asshowninthetableannexedtothisRegulation ,
HASADOPTED THISREGULATION :
Article 1
TheworldmarketpricereferredtoinArticle9(4)of
Regulation (EEC)No2300/73andtheratestobeused
forconverting themintonationalcurrencies shallbe
asshowninthetableannexedtothisRegulation .
Article2
ThisRegulation shallenterintoforceon11May
1978.
ThisRegulation shallbebindinginitsentiretyanddirectlyapplicable inallMember
States.
DoneatBrussels,10May1978.
FortheCommission
FinnGUNDELACH
Vice-President
(»)OJNo172,30.9.1966,p.3025/66.
(2)OJNoL303,28.11.1977,p.1.
(3)OJNoL167,25.7.1972,p.9.
(4)OJNoL116,28.4.1978,p.6.
(5)OJNoL236,24.8.1973,p.28.
(6)OJNoL143,10.6.1977,p.9.(7)OJNoL27,1.2.1978,p.24.
(8)Seepage16ofthisOfficialJournal .

11.5.78 OfficialJournaloftheEuropean Communities NoL123/19
ANNEX
Worldmarketpriceapplicable from11May1978forcolzaandrapeseed(CCTheading
Noex12.01)
Worldmarketprice
Worldmarketpricewherethesubsidyisfixedinadvance :
—forthemonthofMay1978
—forthemonthofJune1978
—forthemonthofJuly1978
—forthemonthofAugust1978
—forthemonthofSeptember 1978
forflipmonth of 1978u.a./100Rg({)
21.673
21.673
21.673
21.673
21.475
21-475
19-278
(!)Theconversion ratesfromunitsofaccountintonationalcurrencyasforeseenbyArticle9(5)(a)ofRegulation (EEC)No2300/73
arethefollowing :
1u.a.=DM 315665
1u.a.=Fl 3.35507
1u.a.=Bfr/Lfr48.6572
1u.a.=FF 7.04891
1u.a.=Dkr 8.56656
1u.a.=£ 0.829717
1u.a.=I£ 0.829717
1u.a.=Lit 1313.81