NoL111/8 OfficialJournaloftheEuropeanCommunities 4.5.79
COMMISSION REGULATION (EEC)No880/79
of3May1979
fixingtheexportrefundsonmalt
processedfromcerealsandricethattheexportrefund
shouldbefixedatanamountwhichwillcoverthe
differencebetweenCommunitypricesandworld
marketprices;
Whereastheworldmarketsituationorthespecific
requirementsofcertainmarketsmaymakeitneces­
sarytovarytherefundforcertainproductsaccording
todestination ;
Whereas,iftherefundsystemistooperatenormally,
refundsshouldbecalculatedonthefollowingbasis:
—inthecaseofcurrencieswhicharemaintainedin
relationtoeachotheratanygivenmomentwithin
abandof2-25%,arateofexchangebasedon
theireffectiveparity;
—forothercurrencies,anexchangeratebasedonthe
arithmeticmeanofthespotmarketratesofeach
ofthesecurrenciesrecordedforagivenperiodin
relationtotheCommunitycurrenciesreferredto
inthepreviousindent;
WhereasCouncilRegulation(EEC)No652/79of29
March1979(6)laiddownthecoefficientfor
expressingamounts,fixedinunitsofaccount,in
ECU;
Whereastherefundmustbefixedonceamonth;
whereasitmaybealteredintheinterveningperiod;
WhereasthemeasuresprovidedforinthisRegulation
areinaccordancewiththeopinionoftheManage­
mentCommitteeforCereals,THECOMMISSION OFTHEEUROPEAN
COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity,
HavingregardtoCouncilRegulation (EEC)No
2727/75of29October1975onthecommonorganiza­
tionofthemarketincereals(!),aslastamendedby
Regulation(EEC)No1254/78(2),andinparticularthe
fourthsubparagraph ofArticle16(2)thereof,
HavingregardtotheopinionoftheMonetary
Committee ,
WhereasArticle16ofRegulation(EEC)No2727/75
providesthatthedifferencebetweenquotationsor
pricesontheworldmarketfortheproductslistedin
Article1ofthoseRegulationsandpricesforthose
productswithintheCommunitymaybecoveredby
anexportrefund;
WhereasArticle2ofCouncilRegulation(EEC)No
2746/75of29October1975layingdowngeneral
rulesforgrantingexportrefundsoncerealsand
criteriaforfixingtheamountofsuchrefunds(3),
providesthatwhenrefundsarebeingfixedaccount
mustbetakenoftheexistingsituationandthefuture
trendwithregardtopricesandavailabilitiesofcereals
ontheCommunitymarketontheonehandand
pricesforcerealsandcerealproductsontheworld
marketontheother;whereasthesameArticle
providesthatitisalsoimportanttoensureequili­
briumandthenaturaldevelopmentofpricesand
tradeoncerealmarketsand,furthermore ,totakeinto
accounttheeconomicaspectoftheproposedexports,
andtheneedtoavoiddisturbances ontheCommu­
nitymarket;
WhereasCouncilRegulation(EEC)No2744/75of29
October1975ontheimportandexportsystemfor
productsprocessedfromcerealsandfromrice(4),as
lastamendedbyRegulation(EEC)No22^5/78(5),
definesthespecificcriteriatobetakenintoaccount
whentherefundontheseproductsisbeingcalcu­
lated;
Whereasitfollowsfromapplyingthesedetailedrules
tothepresentsituationonthemarketinproductsHASADOPTEDTHISREGULATION :
Article1
TheexportrefundsonmaltlistedinArticle1(d)of
Regulation(EEC)No2727/75subjecttoRegulation
(EEC)No2744/75shallbeassetoutintheAnnex
hereto.
Article2
ThisRegulationshallenterintoforceon4May1979.(1)OJNoL281,1.11.1975,p.1.
(2)OJNoL156,14.6.1978,p.1.
(J)OJNoL281,1.11.1975,p.78.
(«)OJNoL281,1.11.1975,p.65.
(»)OJNoL273,29.9.1978.p.1. (<>)OJNoL84,4.4.1979,p.1.

4.5.79 OfficialJournaloftheEuropeanCommunities NoL111/9
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,3May1979.
FortheCommission
FinnGUNDELACH
Vice-President
ANNEX
totheCommissionRegulationof3May1979fixingtheexportrefundsonmalt
(l.(/fount)
CCTheadingNo Refund
11.07AIb) 93-10
11.07AIIb)118-74
11.07B 138-38