29.4.77 OfficialJournaloftheEuropeanCommunities NoL107/15
COMMISSION REGULATION (EEC)No888/77
of28April1977
fixingthecorrectiveamountapplicabletotherefundonriceandbrokenrice
THECOMMISSION OFTHEEUROPEAN
COMMUNITIES ,1418/76;whereasthecifforwarddeliverypriceisthat
determinedinaccordancewithArticle3(2)ofRegula­
tion1428/76(4),based,inrespectofeachmonthfor
whichtheexportlicenceisvalid,onthecifprice
calculatedonthebasisofoffersforshipmentduring
themonthofexportation ;HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity ,
HavingregardtoCouncilRegulation (EEC)No
1418/76of21June1976onthecommonorganiza­
tionofthemarketinrice('),andinparticularthe
secondsubparagraph ofArticle17(4)thereof,
HavingregardtotheopinionoftheMonetary
Committee ,Whereas,iftherefundsystemistooperatenormally,
refundsshouldbecalculatedonthefollowingbasis:
—inthecaseofcurrencieswhicharemaintained in
relationtoeachother,atanygivenmoment,
withinabandof2-25%,arateofexchangebased
ontheireffectiveparity;
—forothercurrencies,anexchangeratebasedonthe
arithmeticmeanofthespotmarketratesofeach
ofthesecurrenciesrecordedforagivenperiod,in
relationtotheCommunitycurrenciesreferredto
intheprevioussubparagraph ;
Whereasitfollowsfromapplyingalltheseprovisions
thatthecorrectiveamountapplicableon1May1977
mustbefixedasshowninthetableannexedtothis
Regulation ;3Whereasthefirstsubparagraph ofArticle17(4)of
Regulation (EEC)No1418/76providesthatthe
exportrefundapplicabletoriceandbrokenriceon
thedayonwhichapplicationforanexportlicenceis
made,adjustedforthethresholdpricewhichwillbe
inforceduringthemonthofexportation ,mustbe
appliedonrequesttoexportstobeeffectedduringthe
periodofvalidityofthelicence;
WhereasthemeasuresprovidedforinthisRegulation
areinaccordancewiththeopinionoftheManage­
mentCommitteeforCereals,WhereasRegulationNo474/67/EEC(2),asamended
byRegulation (EEC)No1397/_68(3),laysdown
detailedrulesfortheadvancefixingoftheexport
refundonriceandbrokenrice;
HASADOPTED THISREGULATION :
Article1WhereasthatRegulationprovidesthattherefund
applicableonthedayonwhichapplicationforan
exportlicenceismademust,whenitisfixedin
advance,bereducedbyanamountnogreaterthanthe
differencebetweenthecifforwarddeliverypriceand
thecifprice,wheretheformerexceedsthelatterby
morethan025unitofaccountpertonne;whereas,
ontheotherhand,therefundmustbeincreasedby
anamountnogreaterthanthedifferencebetweenthe
cifpriceandthecifforwarddeliveryprice,wherethe
formerexceedsthelatterbymorethan025unitof
accountpertonne;ThecorrectiveamountreferredtoinArticle17(4)of
Regulation (EEC)No1418/76whichisapplicableto
theexportrefundsfixedinadvanceinrespectofrice
andbrokenriceisherebyfixedasshowninthetable
annexedtothisRegulation .
Article2 Whereasthecifpriceisthatdeterminedinaccor­
dancewithArticle16ofRegulation (EEC)No
(2)OJNo204,24.8.1967,p.20.(')OJNoL166,25.6.1976,p.1.ThisRegulationshallenterintoforceon1May1977.
(4)OJNoL166,25.6.1976,p.30. (3)OJNoL222,10.9.1968,p.6.

NoL107/16 OfficialJournaloftheEuropeanCommunities 29.4.77
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,28April1977.
FortheCommission
FinnGUNDELACH
Vice-President
ANNEX
totheCommissionRegulationof28April1977fixingthecorrectiveamountapplicableto
therefundonriceandbrokenrice
(u.a./tonne)
CCT
DescriptionoígoodsCurrent 1stperiod2ndperiod,?rdperiod4thperiod5thperiod
heading
No 5 h 7 H 9 10
10.06 Rice:
A.Paddyrice;hruskedrice:
I.Paddyrice:
a)Roundgrain
b)Longgrain
II.Huskedrice:
a)Roundgrain
b)Longgrain
B.Semi-milledorwhollymilledrice:
I.Semi-milled rice:
a)Roundgrain
b)Longgrain
II.Whollymilledrice:
a)Roundgrain
b)Longgrain
C.Brokenrice0
0
0
0
00
0
0
0
00
0
0
0
00
0
0
0
00
0
0
0
00
0
0
0
0