NoL54/48 OfficialJournaloftheEuropeanCommunities 27.2.81
COMMISSION REGULATION (EEC)No503/81
of26February1981
fixingthecorrectiveamountapplicabletotherefundonmalt
accountmustbetakenoftheexistingsituationand
thefuturetrendwithregardtothepossibilitiesand
conditionsforthesaleofthecerealsconcernedandof
maltontheworldmarket;whereasthesameRegula­
tionalsoprovidesthataccountmustbetakenofthe
quantityofcerealsneededformakingmalt,the
economicaspectofexportsandtheneedtoavoid
disturbancesontheCommunitymarket;
Whereastheworldmarketsituationorthespecific
requirementsofcertainmarketsmaymakeitnecessary
tovarythecorrectiveamountaccordingtodestina­
tion;
Whereasthecorrectiveamountmustbefixedatthe
sametimeastherefundandaccordingtothesame
procedure;whereasitmaybealteredintheperiod
betweenfixings;
Whereas,ifthesystemofcorrectiveamountsisto
operatenormally,correctiveamountsshouldbecalcu­
latedonthefollowingbasis:
—inthecaseofcurrencieswhicharemaintainedin
relationtoeachotheratanygivenmomentwithin
abandof2-25%,arateofexchangebasedon
theireffectiveparity;
—forothercurrencies,anexchangeratebasedonthe
arithmeticmeanofthespotmarketratesofeachof
thesecurrenciesrecordedforagivenperiodin
relationtotheCommunitycurrenciesreferredto
intheprecedingindent;
Whereasitfollowsfromapplyingtheprovisionsset
outabovethatthecorrectiveamountmustbeasset
outintheAnnexhereto;
WhereasthemeasuresprovidedforinthisRegulation
areinaccordancewiththeopinionoftheManagement
CommitteeforCereals,THECOMMISSION OFTHEEUROPEAN
COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity ,
HavingregardtoCouncilRegulation (EEC)No
2727/75of29October1975onthecommonorgan­
izationofthemarketincereals('),aslastamendedby
theActofAccessionofGreece(2),andinparticularthe
thirdsentenceofthesecondsubparagraph ofArticle
16(4)thereof,
HavingregardtoCouncilRegulation (EEC)No
2746/75of29October1975layingdowngeneralrules
forgrantingexportrefundsoncerealsandcriteriafor
fixingtheamountofsuchrefunds(3),
HavingregardtotheopinionoftheMonetary
Committee ,
WhereasArticle16(4)ofRegulation (EEC)No
2727/75providesthattheexportrefundapplicableto
cerealsonthedayonwhichapplicationforanexport
licenceismade,adjustedforthethresholdpricein
forceduringthemonthofexportation ,mustbe
appliedonrequesttoexportstobeeffectedduringthe
periodofvalidityoftheexportlicence;whereas,in
thiscase,acorrectiveamountmustbeappliedtothe
refund;
WhereasCouncilRegulation(EEC)No2744/75of29
October1975ontheimportandexportsystemfor
productsprocessedfromcerealsandfromrice(4),as
lastamendedbyRegulation (EEC)No2245/78(*),
madepossiblethefixingofacorrectiveamountfor
certainproductslistedinArticle1(d)ofRegulation
(EEC)No2727/75;
WhereasRegulation(EEC)No1281/75(6)laiddown
detailedrulesfortheadvancefixingofexportrefunds
forcerealsandcertainproductsprocessedfrom
cereals;
Whereas,pursuanttothatRegulation,whenthe
correctiveamountisbeingfixedinrespectofmalt,HASADOPTEDTHISREGULATION :
Article1
ThecorrectiveamountreferredtoinArticle16(4)of
Regulation(EEC)No2727/75whichisapplicableto
exportrefundsfixedinadvanceinrespectofmalt
shallbeassetoutintheAnnexhereto.
(')OJNoL281,1.11.1975,p.1.
(2)OJNoL291,19.11.1979,p.17.Article2OOJNoL281,1.11.1975,p.78.
(4)OJNoL281,1.11.1975,p.65.
OOJNoL273,29.9.1978,p.1.
(6)OJNoL131,22.5.1975,p.15.ThisRegulationshallenterintoMarchon1March
1981.

27.2.81 OfficialJournaloftheEuropeanCommunities NoL54/49
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,26February1981.
FortheCommission
PoulDALSAGER
MemberoftheCommission
ANNEX
totheCommissionRegulationof26February1981fixingthecorrectiveamountappli­
cabletotherefundonmalt
(ECU/tonne)
CCTheadingNoCurrent
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11.07AIb) 0 0 0 0 0 0
11.07AIIa) 0 00 00 0
11.07AIIb) 0 0 00 0 0
11.07B 0 0 00 0 0
(ECU/tonne)
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11.07AIa) 0 0 0 0 0 0
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