22.2.74 OfficialJournaloftheEuropeanCommunities NoL50/23
REGULATION (EEC)No437/74OFTHECOMMISSION
of21February1974
fixingthecorrectiveamountapplicabletotherefundonriceandbrokenrice
Whereasthecifpriceisthatdeterminedinaccor­
dancewithArticle16ofRegulationNo359/67/EEC;
whereasthecifforwarddeliverypriceisthatdeter­
minedinaccordancewithArticle3(2)ofRegulation
No365/67/EEC(6),aslastamendedbyRegulation
(EEC)No2435/70(7),based,inrespectofeachmonth
forwhichtheexportlicenceisvalid,onthecifprice
calculatedonthebasisofoffersforshipmentduring
themonthofexportation ;
Whereasiftherefundsystemistooperatenormally,
refundsshouldbecalculatedonthefollowingbasis:
—inthecaseofcurrencieswhicharemaintainedin
relationtoeachother,atanygivenmoment,
withinabandof2-25%,arateofexchangebased
ontheireffectiveparity;
—forothercurrenciesanexchangeratebasedonthe
arithmeticmeanofthespotmarketratesofeach
ofthesecurrenciesrecordedforagivenperiod,in
relationtotheCommunitycurrenciesreferredto
intheprevioussubparagraph ;
Whereasitfollowsfromapplyingalltheseprovisions
thatthecorrectiveamountapplicableon22February
1974mustbefixedasshownintheTableannexedto
thisRegulation ;
WhereasthemeasuresprovidedforinthisRegulation
areinaccordancewiththeOpinionoftheManage­
mentCommitteeforCereals,THECOMMISSION OFTHEEUROPEAN
COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity ;
HavingregardtoCouncilRegulationNo359/
67/EEC(')of25July1967onthecommonorganiza­
tionofthemarketinrice,aslastamendedbythe
Act(2)annexedtotheTreaty(3)ontheAccessionof
newMemberStatestotheEuropeanEconomic
Community andtheEuropeanAtomicEnergy
Community ,signedatBrusselson22January1972,
andinparticularthefirstsubparagraph ofArticle17
(4)thereof;
HavingregardtotheOpinionoftheMonetary
Committee ;
Whereasthefirstsubparagraph ofArticle17(4)of
RegulationNo359/67/EECprovidesthattheexport
refundapplicabletoriceandbrokenriceontheday
onwhichapplicationforanexportlicenceismade,
adjustedforthethresholdpricewhichwillbeinforce
duringthemonthofexportation,mustbeappliedon
requesttoexportstobeeffectedduringtheperiodof
validityofthelicence;
WhereasRegulationNo474/67/EEC(4),asamended
byRegulation (EEC)No1397/68(5),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 ;HASADOPTEDTHISREGULATION :
Article1
ThecorrectiveamountreferredtoinArticle17(4)of
RegulationNo359/67/EECwhichisapplicabletothe
exportrefundsfixedinadvanceinrespectofriceand
brokenriceisherebyfixedasshownintheTable
annexedtothisRegulation .
Article2
ThisRegulationshallenterintoforceon22February
1974.
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,21February1974.
FortheCommission
P.J.LARDINOIS
MemberoftheCommission
(•)OJNo174,31.7.1967,p.1.
(2)OJNoL73,27.3.1972,p.14.
(3OJNoL73,27.3.1972,p.5.
(4)OJNo204,24.8.1967,p.20. (6)OJNo174,31.7.1967,p.32.
5)OJNoL222,10.9.1968,p.6. (7)OJNoL262,3.12.1970,p.1.

NoL50/24 OfficialJournaloftheEuropeanCommunities 22.2.74
ANNEX
totheCommissionRegulationof21February1974fixingthecorrectiveamountapplicable
totherefundonriceandbrokenrice
(MM.1100ke)
CCT
heading
NoDescriptionofgoodsCurrent
21st
period
32nd
period
43rd
period
54th
period
65th
period
7
10.06 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 — — — — ——
II.Whollymilledrice:
a)Roundgrained — — — — —
b)Longgrained — — — — — —
C.Brokenrice — — — — — —