31.5.73 OfficialJournaloftheEuropeanCommunities NoL144/55
REGULATION (EEC)No1446/73OFTHECOMMISSION
of30May1973
fixingtheamountofthesubsidyonoilseeds
THECOMMISSION OFTHEEUROPEAN
COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuro­
peanEconomicCommunity ;
HavingregardtoCouncilRegulationNo136/66/
EEC(1)of22September1966ontheestablishment
ofacommonorganizationofthemarketinoilsand
fats,aslastamendedbytheAct(2)annexedtothe
Treaty(3)ontheAccessionofnewMemberStatesto
theEuropeanEconomicCommunityandtheEuro­
peanAtomicEnergyCommunity ,signedatBrussels
on22January1972,andinparticularArticle27(4)
thereof;
HavingregardtotheOpinionoftheMonetary
Committee ;
WhereasArticle27ofRegulationNo136/66/EEC
providesthatasubsidyshouldbegrantedinrespect
ofoilseedsharvestedandprocessedwithintheCom­
munitywhenthetargetpriceforaspeciesofseedis
higherthanthepriceontheworldmarket;whereas
theseprovisionsapplyonlyinrespectofcolza,rape
andsunflowerseeds;
Whereasthesubsidyonoilseedsshould,theoreti­
cally,beequaltothedifferencebetweenthosetwo
prices;
Whereasthetargetpriceforeachspeciesofseedwas
fixedbyCouncilRegulation (EEC)No1360/73(4)
of15May1973fixingtargetandbasicintervention
pricesforoilseedsforthe1973/74marketingyear;
WhereasArticle29ofRegulationNo136/66/EEC
providesthattheworldmarketprice,calculatedfor
aCommunityfrontiercrossingpoint,istobedeter­
minedonthebasisofthemostfavourablepurchas­
ingopportunities ,quotationsbeingadjustedwhere
necessarytotakeaccountofquotationsforcompet­
ingproducts;
WhereasArticle4ofCouncilRegulationNo115/67/
EEC(5)of6June1967layingdowncriteriaforde­
terminingworldmarketpricesforoilseedsandfix­
ingthefrontiercrossingpoint,fixedatRotterdam;
WhereasArticle1ofthatRegulationprovidesthat
whentheworldmarketpriceisbeingdeterminedaccountshouldbetakenofalloffersontheworld
marketknowntotheCommissionandofquotations
onthoseexchangeswhicharesignificantforinter­
nationaltrade;whereasArticle2ofCommission
RegulationNo225/67/EEC(6)of28June1967on
detailedrulesfordeterminingtheworldmarketprice
foroilseeds,aslastamendedbytheActannexed
totheTreatyontheAccessionofnewMemberStates
totheEuropeanEconomicComunityandthe
EuropeanAtomicEnergyCommunity,signedat
Brusselson22January1972,providesthatoffersand
quotationswhichdonotrelatetoshipmentstobe
effectedwithin30daysfollowingthedateonwhich
theworldmarketpriceisdeterminedshouldbedisre­
garded;whereasoffersandquotationswhichthe
Commissionbelieves,inviewofgeneralpricemove­
mentsorinformationavailabletoit,nottoberepre­
sentativeoftherealtrendofthemarketmustalso
bedisregarded ;whereasoffersandquotationsrelat­
ingtoquantitiesoflessthan500metrictonsandof­
fersrelatingtoseedofaqualityotherthanthatnor­
mallyacceptableontheworldmarketmustalsobe
disregarded ;
WhereasArticle3ofRegulationNo225/67/EECpro­
videsthatoftheoffersandquotationstakeninto
consideration ,thosefordeliverycandfshouldbe
increasedby0-2°/o;whereasoffersandquotations
fordeliveryfas,foborotherwiseshouldbein­
creased,asappropriate,byloading,transportand
insurancecostsfromthepointofshipmentorload­
ingtothefrontiercrossingpoint;whereascifoffers
andquotationsforfrontiercrossingpointsother
thanRotterdamshouldbeadjustedtoallowforthe
differenceintransportcostsascomparedwithapro­
ductdeliveredcifRotterdam ;whereastheCommis­
sionshouldtakeaccountonlyoftheloading,trans­
portandinsurancecostswhichtoitsknowledgeare
thelowest;whereas,finally,offersandquotations
fordeliverycifRotterdamshouldbeincreasedby
0-20unitofaccount;
WhereasArticle5ofRegulationNo115/67/EECpro­
videsthattheworldmarketpriceshouldbedeter­
minedforseedofthestandardqualityforwhichthe
targetpricehasbeenfixed,deliveredinbulk;
WhereasArticle3ofRegulationNo225/67/EECpro­
videsthatoffersandquotationsrelatingtoproducts
presentedotherwisethaninbulkshouldbead­
justedbydeductingtheadditionalvalueresulting(*)OJNo172,30.9.1966,p.3025/66.
(l)OJNoL73,27.3.1972,p.14.
(•)OJNoL73,27.3.1972,p.5.
(4)OJNoL141,28.5.1973,p.33.
(®)OJNo111,10.6.1967,p.2196/67. (8)OJNo136,30.6.1967,p.2919/67.

NoL144/56 OfficialJournaloftheEuropeanCommunities 31.5.73
fromthatpresentation ;whereasoffersandquota­
tionsrelatingtoaqualityotherthanthestandard
qualityforwhichthetargetpricewasfixedshould
beadjustedonthebasisofthecoefficientsofequi­
valenceshownintheAnnextothatRegulation ;
whereas,inthecaseofoffersontheworldmarket
forqualitiesofcolzaandrapeseedotherthanthose
listedinthatAnnex,coefficientsofequivalencede­
rivedfromthoselistedinthatAnnexmay,pursuant
toArticle4ofRegulationNo225/67/EEC,beap­
plied;whereas,whenderivedcoefficientsarebeing
calculated,accountmustbetakenofthedifferences
betweenpricesforthequalitiesofseedinquestion
andpricesforthequalitieslistedinthatAnnex,and
ofthecharacteristics ofthesevariousseeds;
WhereasArticle2ofRegulationNo115/67/EECpro­
videsthat,wherenoofferorquotationcanbeused
asabasisfordeterminingtheworldmarketprice,
thatpriceshouldbedeterminedonthebasisofthe
valueoftheaveragequantitiesofoilandoilcake
resultingfromtheprocessingof100kgofseed
withintheCommunitylessanamountcorrespond­
ingtothecostofprocessingtheseseedsintooiland
oilcake;whereasthequantitiesandcoststobe
takenintoconsiderationforthepurposesofthecal­
culationarefixedinArticle5ofRegulationNo225/
67/EEC;whereasthevalueofthosequantities
shouldbedeterminedinaccordancewiththeprovi­
sionsofArticle6ofthatRegulation ;ofoilandoilcakeresultingfromtheprocessing
ofthetypeofseedinquestion,and
—thedifferencebetweenthepriceof100kgofone
ormoreotherseeds,plusprocessingcosts,and
thetotalofthepricesofthequantitiesofoiland
oilcakeresultingfromtheprocessingofthese
seeds;
Whereasthefactorstobetakenintoconsideration
forthepurposeofdeterminingthatmarginarede­
finedinArticle8ofRegulationNo225/67/EEC;
whereasnoadjustmentshouldbemadewherethe
marginisfoundtobelessthan0-50unitofac­
count;whereasArticle6(2)ofRegulationNo115/
67/EECprovidesthat,whentheamountoftheadjust­
mentisbeingdetermined,accountshouldbetaken
oftheincidenceofthemargininquestiononmarket­
ingoperationsofCommunitytradersandonthedis­
posalofthevarioustypesofseedontheworldmar­
ket;
WhereasCouncilRegulation (EEC)No2114/71(*)
of28September1971onthesubsidyforoilseeds,
asamendedbyRegulation (EEC)No2730/71(2),
laiddownrulesforgrantingthesubsidyonoil
seeds;whereasunderthatRegulation,wherethe
subsidytobegrantedisfixedinadvance,the
amountofsuchsubsidymustbeequaltothe
amountapplicableonthedayonwhichtheapplica­
tionforadvancefixingwaslodged,adjustedbythe
differencebetweenthetargetpricevalidonthatday
andthetargetpricevalidonthedayonwhichthe
seedsareplacedundercontrolatanoilmilland,
whereappropriate,acorrectiveamount;whereas
Article36ofCommissionRegulation (EEC)No
1204/72(3)of7June1972layingdowndetailed
rulesfortheapplicationofthesubsidysystemfor
oilseeds,aslastamendedbyRegulation (EEC)No
688/73(4),providesthatsuchadjustmentshould
involveincreasingorreducingtheamountofsubsidy
applicableonthedayonwhichtheapplicationwas
lodgedbythedifferencebetweenthetargetprice
validduringthemonthduringwhichtheseedswere
placedundercontrolatanoilmillandthetarget
pricevalidonthedayonwhichtheapplicationwas
lodged;WhereasArticle3ofRegulationNo115/67/EECpro­
videsthat,wherenoofferorquotationcanbeused
asabasisfordeterminingtheworldmarketprice
andwhereitis,moreover,impossibletoestablish
thevalueoftheoiloroilcakeprocessedfromsuch
seed,theworldmarketpriceshouldbedetermined
onthebasisofthemostrecentknownvalueforoil
oroilcake,adjustedtotakeaccountofthetrendof
worldpricesforcompetingproductsbyapplyingto
thatvaluetherulessetoutinArticle2ofRegulation
No115/67/EEC;whereasArticle7ofRegulationNo
225/67/EECdefinescompetingproductsasthose
oilsoroilcakes,asthecasemaybe,whichappear
tohavebeenofferedinthelargestquantitiesonthe
worldmarketduringtheperiodunderconsidera­
tion;
WhereasArticle38ofRegulation (EEC)No1204/72
providesthatthecorrectiveamountmustbeequal
tothedifferencebetweentheworldmarketpricefor
colza,rapeandsunflowerseedsandtheforward
priceforthoseseedsvalidforashipmenteffected
duringthemonthinwhichtheseedswereplaced
undercontrolatanoilmill,thosepricesbeingdeter­
minedinaccordancewithArticles1,4and5ofReg­WhereasArticle6(1)ofRegulationNo115/67/EEC
providesthat,whentheworldmarketpriceofa
typeofseedisbeingdetermined,thepriceused
shouldbeadjustedbyanamountnotexceedingthe
marginbetween:
—thedifferencebetweenthepriceof100kgof
colza,rapeorsunflowerseeds,plusprocessing
costs,andthetotalofthepricesofthequantities(*)OJNoL222,2.10.1971,p.2.
(2)OJNoL282,23.12.1971,p.18.
(3)OJNoL133,10.6.1972,p.1.
(4)OJNoL66,13.3.1973,p.20.

31.5.73 OfficialJournaloftheEuropeanCommunities NoL144/57
forcolzaandrapeseed,theamountofthesubsidy
inthecaseofadvancefixingforthemonthsofSep­
tember,OctoberandNovember1973forthesepro­
ductscanonlybecalculatedprovisionally onthe
basisofthemonthlyincreaseforSeptember,October
andNovember1972,whereasthisamountmaythere­
fore,onlybeappliedonatemporarybasisandmust
beconfirmedorreplacedwhenthemonthlyincrease
forSeptember,OctoberandNovember1973is
known.
Whereasitfollowsfromapplyingalltheseprovi­
sionstotheoffersandquotationsknowntothe
Commissionthatthesubsidyoncolza,rapeandsun­
flowerseedsshouldbefixedasshownintheTable
annexedtothisRegulation ;
HASADOPTED THISREGULATION :ulation115/67/EEC;whereas,ifnoofferandno
pricecanbeusedforsuchdetermination ,the
methodofcalculationprovidedforinArticle38of
Regulation (EEC)No1204/72shouldbeused,
whereastheabovementioned differencemaybe
adjustedpursuanttoArticle39ofRegulation (EEC)
No1204/72,accountbeingtakenofpricesforsoya
seedsontheworldmarket;
Whereasthesubsidyshouldbefixedwheneverthe
marketsituationmakesitnecessaryandinsucha
wayastoensureitsbeingappliedatleastoncea
week;
WhereasArticle34ofRegulation (EEC)No1204/72
providesthatthesubsidyfixedpreviouslyshouldbe
retainedifthevariationinthefactorsusedtocalcu­
lateitentailsanincreaseorreductioninthatsub­
sidyoflessthanOTOunitofaccount;whereasthe
subsidymaybealteredwheneveritbecomesobvious
thatsuchalterationisnecessary;
Whereas,ifthesubsidysystemistooperatenormally,
thesubsidyshouldbecalculatedonthebasisofan
exchangeratewhichisbased,inthecaseofcurrencies
whicharefloatingorwhosecentralratediffersfrom
theofficialparity,ontheeffectiverateorthe
centralrateofthesecurrenciesand,inthecaseof
theUSdollar,onthechangeinparityannounced
on13February1973;
Whereasintheabsenceoftheamountofthemonthly
increaseforSeptember,OctoberandNovember1973Article1
1.TheamountofthesubsidyreferredtoinArticle
27ofRegulationNo136/66/EECisherebyfixedas
shownintheTableannexedtothisRegulation .
2.Thatamountofthesubsidyinthecaseofad­
vancefixingforthemonthsofSeptember,October
andNovember1973forcolzaandrapeseedwill,
however,beconfirmedorreplacedasfrom1June
1973totakeintoaccountthemonthlyincreasefor
September,OctoberandNovember1973.
Article2
ThisRegulationshallenterintoforceon1June
1973.
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,30May1973.
FortheCommission
P.J.LARDINOIS
MemberoftheCommission

NoL144/58 OfficialJournaloftheEuropeanCommunities 31.5.73
ANNEX
totheCommissionRegulationof30May1973fixingtheamountofthesubsidyonoilseeds
Subsidyapplicablefrom1June1973tocolzaandrapeseeds(CCTheadingNoex12.01)
andsunflowerseeds(CCTheadingNoex12.01)(u.a./100kg)
ColzaandrapeseedSunflowerseed
Subsidy
Subsidyinthecaseofadvancefixing:
—forthemonthofJune
—forthemonthofJuly
—forthemonthofAugust
—forthemonthofSeptember
—forthemonthofOctober
—forthemonthofNovember3·377
3·377
2·146
2·394
2·837
3·114
3·3080·428
0·428
0·404
0·335
0