27.3.86 OfficialJournaloftheEuropeanCommunities NoL84/3
COMMISSION REGULATION (EEC)No916/86
of26March1986
fixingthecorrectiveamountapplicabletotherefundonmalt
THECOMMISSION OFTHEEUROPEAN COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity ,
HavingregardtotheActofAccessionofSpainand
Portugal,
HavingregardtoCouncilRegulation(EEC)No2727/75
of29October1975onthecommonorganizationofthe
marketincereals('),aslastamendedbyCouncilRegula­
tion(EEC)No3793/85(2),
HavingregardtoCouncilRegulation(EEC)No2746/75
of29October1975layingdowngeneralrulesforgranting
exportrefundsoncerealsandcriteriaforfixingthe
amountofsuchrefunds(3),
HavingregardtotheopinionoftheMonetaryCommittee,
WhereasArticle16(4)ofRegulation(EEC)No2727/75
providesthattheexportrefundapplicabletocerealson
thedayonwhichapplicationforanexportlicenceis
made,adjustedforthethresholdpriceinforceduringthe
monthofexportation ,mustbeappliedonrequestto
exportstobeeffectedduringtheperiodofvalidityofthe
exportlicence;whereas,inthiscase,acorrectiveamount
mustbeappliedtotherefund;
WhereasCouncilRegulation(EEC)No2744/75of29
October1975ontheimportandexportsystemfor
productsprocessedfromcerealsandfromrice(4),aslast
amendedbyRegulation(EEC)No1027/84(^),made
possiblethefixingofacorrectiveamountforcertain
productslistedinArticle1(d)ofRegulation(EEC)No
2727/75;
WhereasRegulation(EEC)No1281/75(6)laiddown
detailedrulesfortheadvancefixingofexportrefundsfor
cerealsandcertainproductsprocessedfromcereals;
Whereas,pursuanttothatRegulation,whenthecorrective
amountisbeingfixedinrespectofmalt,accountmustbe
takenoftheexistingsituationandthefuturetrendwith
regardtothepossibilitiesandconditionsforthesaleof
thecerealsconcernedandofmaltontheworldmarket;whereasthesameRegulationalsoprovidesthataccouni
mustbetakenofthequantityofcerealsneededfoi
makingmalt,theeconomicaspectofexportsandthe
needtoavoiddisturbancesontheCommunitymarket;
Whereastheworldmarketsituationorthespecificrequi­
rementsofcertainmarketsmaymakeitnecessarytovary
thecorrectiveamountaccordingtodestination ;
Whereasthecorrectiveamountmustbefixedatthesame
timeastherefundandaccordingtothesameprocedure
whereasitmaybealteredintheperiodbetweenfixings;
Whereas,ifthesystemofcorrectiveamountsistooperate
normally,correctiveamountsshouldbecalculatedonthe
followingbasis:
—inthecaseofcurrencieswhicharemaintainedinrela­
tiontoeachotheratanygivenmomentwithinabanc
of2,25%,arateofexchangebasedontheircentral
rate,multipliedbythecorrectivefactorprovidedforin
thelastparagraphofArticle3(1)ofCouncilRegula­
tion(EEC)No1676/850,
—forothercurrencies,anexchangeratebasedonthe
arithmeticmeanofthespotmarketratesofeachoi
thesecurrenciesrecordedoveragivenperiodinrela­
tiontotheCommunitycurrenciesreferredtointhe
precedingindent,andtheaforesaidcoefficient ;
Whereasitfollowsfromapplyingtheprovisionssetoui
abovethatthecorrectiveamountmustbeassetoutinthe
Annexhereto;
WhereasthemeasuresprovidedforinthisRegulationar<
inaccordancewiththeopinionoftheManagemen
CommitteeforCereals,
HASADOPTEDTHISREGULATION :
Article1
Thecorrective ■amountreferredtoinArticle16(4)o
Regulation(EEC)No2727/75whichisapplicabletc
exportrefundsfixedinadvanceinrespectofmaltshallb<
assetoutintheAnnexhereto.
Article2
ThisRegulationshallenterintoforceon1April1986.(')OJNoL281,1.11.1975,p.1.
(2)OJNoL367,31.12.1985,p.19.
(3)OJNoL281,1.11.1975,p.78.
(4)OJNoL281,1.11.1975,p.65.
(4OJNoL107,19.4.1984,p.15.nOINoL131,22.5.1975,p.15. 0OJNoL164,24.6.1985,p.1.

NoL84/4 OfficialJournaloftheEuropeanCommunities 27.3.86
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,26March1986.
FortheCommission
FransANDRIESSEN
Vice-President
ANNEX
totheCommissionRegulationof26March1986fixingthecorrectiveamountapplicableto
therefundonmalt
(ECU/tonne)
CCTheadingNoCurrent
41stperiod
52ndperiod
63rdperiod
74thperiod
85thperiod
9
11.07AIa) 000000
11.07AIb) 000000
11.07AIIa) 000000
11.07AIIb) 000000
11.07B 000000
(ECU/tonne)
CCTheadingNo6thperiod
107thperiod
118thperiod
129thperiod
110thperiod
211thperiod
3
11.07AIa)000000
11.07AIb) 000000
11.07AIIa) 000000
11.07AIIb)000000
11.07B 000000