4.5.73 OfficialJournaloftheEuropeanCommunities NoL118/25
REGULATION (EEC)No1158/73OFTHECOMMISSION
of3May1973
fixingthecorrectiveamountapplicabletotherefundoncereals
THECOMMISSION OFTHEEUROPEAN
COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuro­
peanEconomicComunity ;
HavingregardtoCouncilRegulationNo
120/67/EEC(*)of13June1967onthecommon
organizationofthemarketincereals,aslastamen­
dedbytheAct(2)annexedtotheTreaty(3)onthe
AccessionofnewMemberStatestotheEuropean
EconomicCommunityandtheEuropeanAtomic
EnergyCommunity ,signedatBrusselson22January
1972,andinparticularthethirdsentenceofthefirst
subparagraph ofArticle16(4)thereof;
HavingregardtotheOpinionoftheMonetary
Committee ;
WhereasArticle16(4)ofRegulationNo120/67/
EECprovidesthattheexportrefundappli­
cabletocerealsonthedayonwhichapplication
foranexportlicenceismade,adjustedforthe
thresholdpriceinforceduringthemonthofex­
portationmustbeappliedonrequesttoexportsto
beeffectedduringtheperiodofvalidityoftheex­
portlicence;whereas,inthiscase,acorrective
amountmustbeappliedtotherefund;
WhereasRegulationNo633/67/EEC(4),aslast
amendedbyRegulation (EEC)No1461/72(5),lays
downdetailedrulesfortheadvancefixingofthe
exportrefundoncereals;
WhereasthatRegulationprovidesthattherefund
applicableonthedayonwhichapplicationfora
exportlicenceismademustwhentherefundis
fixedinadvance,bereducedbynotmorethatthe
differencebetweenthecifforwarddeliveryprice
andthecifpricewheretheformerexceedsthe
latterbymorethanoneunitofaccountpermetric
ton;whereas,ontheotherhand,therefundmust
beincreasedbynotmorethanthedifferencebe­
tweenthecifpriceandthecifforwarddelivery
pricewheretheformerexceedsthelatterbymore
thanoneunitofaccountpermetricton;Whereasthecifpriceisthatdeterminedinac­
cordancewithArticle13ofRegulationNo
120/67/EEC;whereasthecifforwarddelivery
priceisthatdeterminedinaccordancewithArticle
3O)ofRegulationNo140/67/EEC(s),asamended
byRegulation (EEC)No2435/70(7),based,inres­
pectofeachmonthforwhichtheexportlicenceis
valid,onthecifpricecalculatedonthebasisof
offersforshipmentduringthemonthofexport­
ation;
Whereasthecorrectiveamount ,sofixedwillbeal­
teredifapplicationofthecalculationprocedure
describedaboveentailsachangeinthatamountof
morethan0-125unitofaccount;
WhereashoweverArticle2ofRegulationNo
633/67/EECprovidesthatthecorrectiveamount
applicabletotheamountoftherefundfixedin
advanceonexportstobeeffectedafterthethird
monthfollowingthatduringwhichthelicencewas
issuedshouldbefixedonthebasisofforeseable
markettrends;whereastothisendaccountshould
betakenofavailabilities andforeseeabletrendson
theCommunitymarketandofforwardtrendson
theworldmarket,inparticularonthosemarkets
whosespecificrequirementshavemadeitnecessary
tovarytherefund;
Whereas,iftherefundsystemistooperatenormally,
refundsshouldbecalculatedonthebasisofan
exchangeratewhichisbased,inthecaseofcurrencies
whicharefloatingorwhosecentralratediffersfrom
theofficialparity,ontheeffectiverateorthe
centralrateofthesecurrenciesand,inthecaseof
theUSdollar,onthechangeinparityannounced
on13February1973;
Whereasitfollowsfromapplyingallthesepro­
visionsthatthecorrectiveamountmustbefixedas
shownintheTableannexedtothisRegulation ;
WhereasthemeasuresprovidedforinthisRegula­
tionareinaccordancewiththeOpinionofthe
ManagementCommitteeforCereals;
i1)OJNo117,19.6.1967,p.2269/67.
(*)OÏNoL73,27.3.1972,p.14.
(s)OJNoL73,27.3.1972,p.5.
(*)OJNo233,28.9.1967,p.9.
(*)OJNo'L155,11.7.1972,p.35.(*)OfNo125,26.6.1967,p.2456/67.
C)OjNoL262,3.12.1970,p.3.

NoL118/26 OfficialJournaloftheEuropeanCommunities 4.5.73
HASADOPTEDTHISREGULATION :
Article1cerealsisherebyfixedasshownintheTablean­
nexedtothisRegulation.
Article2ThecorrectiveamountreferredtoinArticle16(4)
ofRegulationNo120/67/EECwhichisapplicable
toexportrefundsfixedinadvanceinrespectofThisRegulationshallenterintoforceon4May
1973.
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,3May1973.
FortheCommission
P.J.LARDINOIS
MemberoftheCommission
ANNEX
totheCommissionRegulationof3May1973fixingthecorrectiveamountapplicable
totherefundoncereals
(u.a./ton)
4th
period
95th
period
106th
period
11CCT
heading
NoDescriptionofgoodsCurrent
51st
period
62nd
period
73rd
period
8
10.01ACommonwheat,andmes­
iin
10.01BDurumwheat — — — —
10.02 Rye — — — —
10.03 Barley — — — —
10.04 Oats — — — —
10.05BMaizeotherthanhybrid
maizeforsowing— — — —
10.07CGrainsorghum