NoL250/20 OfficialJournaloftheEuropeanCommunities 13.9.74
REGULATION (EEC)No2340/74OFTHECOMMISSION
of12September1974
fixingthecorrectiveamountapplicabletotherefundonriceandbrokenrice
THECOMMISSION OFTHEEUROPEAN
COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity ;
HavingregardtoCouncilRegulationNo359/
67/EEC(1)of25July1967onthecommonorganiza­
tionofthemarketinrice,aslastamendedbyRegula­
tion(EEC)No1129/74(2),andinparticularthefirst
subparagraphofArticle17(4)^thereof;
HavingregardtotheOpinionoftheMonetary
Committee ;
Whereasthefirstsubparagraph ofArticle17(4)of
RegulationNo359/67/EECprovidesthattheexport
refundapplicabletoriceandbrokenriceontheday
onwhichapplicationforanexportlicenceismade,
adjustedforthethresholdpricewhichwillbeinforce
duringthemonthofexportation,mustbeappliedon
requesttoexportstobeeffectedduringtheperiodof
validityofthelicence;
WhereasRegulationNo474/67/EEC(3),asamended
byRegulation (EEC)No1397/68(4),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 ;
Whereasthecifpriceisthatdeterminedinaccor­
dancewithArticle16ofRegulationNo359/67/EEC;whereasthecifforwarddeliverypriceisthatdeter­
minediniccordancewithArticle3(2)ofRegulation
No365/67/EEC(5),aslastamendedbyRegulation
(EEC)No2435/70(6),based,inrespectofeachmonth
forwhichtheexportlicenceisvalid,onthecifprice
calculatedonthebasisofoffersforshipmentduring
themonthofexportation ;
Whereasiftherefundsystemistooperatenormally,
refundsshouldbecalculatedonthefollowingbasis:
—inthecaseofcurrencieswhicharemaintainedin
relationtoeachother,atanygivenmoment,
withinabandof2-25%,arateofexchangebased
ontheireffectiveparity;
—forothercurrenciesanexchangeratebasedonthe
arithmeticmeanofthespotmarketratesofeach
ofthesecurrenciesrecordedforagivenperiod,in
relationtotheCommunitycurrenciesreferredto
intheprevioussubparagraph ;
Whereasitfollowsfromapplyingalltheseprovisions
thatthecorrectiveamountapplicableon13
September1974mustbefixedasshownintheTable
annexedtothisRegulation ;
WhereasthemeasuresprovidedforinthisRegulation
areinaccordancewiththeOpinionoftheManage­
mentCommitteeforCereals,
HASADOPTEDTHISREGULATION :
Article1
ThecorrectiveamountreferredtoinArticle17(4)of
RegulationNo359/67/EECwhichisapplicabletothe
exportrefundsfixedinadvanceinrespectofriceand
brokenriceisherebyfixedasshownintheTable
annexedtothisRegulation .
Article2
ThisRegulationshallenterintoforceon13
September1974.
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,12September1974.
FortheCommission
P.J.LARDINOIS
MemberoftheCommission
(■)OJNo174,31.7.1967,p.1.
(2)OJNoL128,10.5.1974,p.20.
(3)OJNo204,24.8.1967,p.20.
(♦)OJNoL222,10.9.1968,p.6.(5)OJNo174,31.7.1967,p.32.
(')OJNoL262,3.12.1970,p.1.

13.9.74 OfficialJournaloftheEuropeanCommunities NoL250/21
ANNEX
totheCommissionRegulationof12September1974fixingthecorrectiveamountapplicable
totherefundonriceandbrokenrice
(M.O./100**/
CCT
heading
NoDescriptionofgoodsCurrent
91st
period
102nd
period
113rd
period
124th
period
15th
period
2
10.06 Rice:
A.Paddyrice;huskedricé:
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 — — — — — —