29.6.74 OfficialJournaloftheEuropeanCommunities NoL175/47
REGULATION (EEC)No1660/74OFTHECOMMISSION
of28June1974.
fixingtheexportrefundonoilseeds
THECOMMISSION OFTHEEUROPEAN
COMMUNITIES ,WhereasArticle3ofRegulationNo142/67/EEC
providesthatwhentherefundisbeingcalculated
accountmustbetakenofpricesrulingonthevarious
Communitymarketswhicharerepresentative from
thepointofviewofprocessingandexportation ;the
mostfavourablequotationsrecordedonthevarious
marketsofimportingthirdcountriesandGreece,and
costsincurredinplacingthegoodsontheworld
market;whereas,whentheamountoftherefundis
beingfixed,accountmustalsobetakenofthelevelof
marketpriceswithintheCommunityfortheoilseeds
referredtoinArticle21ofRegulationNo136/
66/EECandthefuturetrendoftheseprices;whereas,
furthermore ,accountshouldbetakenoftheeconomic
aspectoftheproposedexportsandthesituationinthe
Communityregardingthesypplyofanddemandfor
theseseeds;HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity ;
HavingregardtoCouncilRegulationNo130/
66/EEC(')of22September1966ontheestablish­
mentofacommonorganizationofthemarketinoils
andfats,aslastamendedbyRegulation (EEC)No
1707/73O;
HavingregardtoCouncilRegulationNo162/
66/EEC(3)of27October1966on.tradeinoilsand
fatsbetweentheCommunityandGreece;
HavingregardtoCouncilRegulationNo142/
67/EEC(4)of21June1967onexportrefundson
colza,rapeandsunflowerseeds,aslastamendedby
Regulation (EEC)No2429/72(5),andinparticularthe
firstsentenceofArticle2(3)thereof;
HavingregardtotheOpinionoftheMonetary
Committee ;WhereasArticle1ofCommissionRegulation (EEC)
No651/71(6)of29March1971oncertaindetailed
rulesfortheapplicationofexportrefundsonoilseeds
providesthattheamountoftherefundmustbecalcu­
latedonthebasisofthe'weightofexportedseeds;
whereasthisweightmustbeadjustedtotakeaccount
ofanydifferencesbetweenthepercentagesofmois­
tureandimpuritiesfoundtoexistandthoseusedto
definethestandardqualityforwhichthetargetprice
isfixed;whereas,whenthisadjustmentisbeing
made,theweightoftheexportedseedsmustbe
increasedbytheamountofthedifferencebetweenthe
actualmoistureandimpuritiescontentandthatused
todefinethestandardqualityiftheformerislower
thanthelatter;whereas,iftheoppositeapplies,the
'weightoftheexportedseedsmustbereducedbythe
sameamount;WhereasArticle28ofRegulationNo136/66/EEC
providesthatarefundmaybegrantedonexportsto
thirdcountriesofoilseedsharvestedwithinthe
Community ;whereastheamountofthisrefundmay
notexceedthedifferencebetweenpriceswithinthe
Communityandpricesontheworldmarketwhere
theformerarehigherthanthelatter;whereasArticle
21ofRegulationNo136/66/EECprovidesthat,at
present,Article28ofthatRegulationappliesonlyto
colza,rapeandsunflowerseeds;
WhereasArticle8ofRegulationNo162/66/EEC
providesthatArticle28ofRegulationNo136/
66/EECandmeasurestakeninapplicationthereof
apply,subjecttotheprovisionsoftheAgreementesta­
blishinganAssociationbetweentheEuropean
EconomicCommunityandGreece,totradebetween
theCommunityandGreece;Whereasthestandard ,qualityreferredtoaboveis
definedinArticle2ofCouncilRegulation (EEC)No
1360/73(7)of15May1973fixingthetargetprices
andbasicinterventionpricesforoilseedsforthe
1973/74marketingyear;
WhereasArticle2ofRegulationNo142/67/EEC
providesthattherefundmaybevariedaccordingto
destinationwheretheworldmarketsituationorthe
specificrequirements ofcertainmarketsmakethis
necessary ;(■)OJNo172,30.9.1966,p.3025/66.
(2)OJNoL175,29.6.1973,p.5.
(3)OJNo197,29.10.1966,p.3393/66.
(4)OJNo12.5,26.6.1967,p.2461/67.
(5)OJNoL264,23.11.1972,p.1.(6)OJNoL75,30.3.1971,p.16.
(7OJNoL141,28.5.1973,p.33.

NoL175/48 OfficialJournaloftheEuropeanCommunities 29.6.74
Whereas,iftherefundsystemistooperatenormally,
refundsshouldbecalculatedonthefollowingbasis:
—inthecaseofcurrencieswhicharemaintainedin
relationtoeachother,atanygivenmoment,
withinabandof2-25%,arateofexchangebased
ontheireffectiveparity;
—forothercurrenciesanexchangeratebasedonthe
arithmeticmeanofthespotmarketratesofeach
ofthesecurrenciesrecordedforagivenperiod,in
relationtotheCommunitycurrenciesreferredto
intheprevioussubparagraph ;
Whereasitfollowsfromapplyingtheserulesand
criteriatothepresentsituationonthemarketinoil
seeds,andinparticulartoquotationsorpricesfor
theseproductswithintheCommunityandonthe
marketsofthirdcountriesandGreece,thattherefund
shouldbefixedattheamountsshownintheAnnextothisRegulationforthoseproductsforwhichthe
marketingyearhasalreadybegun;
WhereasthemeasuresprovidedforinthisRegulation
areinaccordancewiththeOpinionoftheManage­
mentCommitteeforOilsandFats,
HASADOPTEDTHISREGULATION :
Artidc1
TherefundsontheproductsreferredtoinArticle21
ofRegulationNo136/66/EEC,exportedtothirdcoun­
triesandGreece,areherebyfixedasshowninthe
AnnextothisRegulation .
Article2
ThisRegulationshallenterintoforceon1July1974.
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,28June1974.
FortheCommission
P.J.LARDINOIS
MemberoftheCommission
ANNEX
Refundapplicabletooilseedsfrom1July1974
(u.a./lOOkg)
C.CTheading
No Descriptionofgouds Refund
cx12.01
ex12.01Col/.aandrapeseed,otherthanforsowing
Sunflowerseed,otherthanforsowing.—