NoL225/16 OfficialJournaloftheEuropeanCommunities 3.9.77
COMMISSION REGULATION (EEC)No1987/77
of2September 1977
fixingtheworldmarketpriceforcolzaandrapeseed
THECOMMISSION OFTHEEUROPEAN
COMMUNITIES ,
HavingregardtotheTreatyestablishing theEuropean
Economic Community ,
HavingregardtoCouncilRegulation No136/
66/EECof22September 1966ontheestablishment
ofacommonorganization ofthemarketsinoilsand
fats('),aslastamended byRegulation (EEC)No
1707/73(2),
HavingregardtoCouncilRegulation (EEC)No
1569/72of20July1972layingdownspecial
measuresforcolzaandrapeseed(3),aslastamended
byRegulation (EEC)No3477/73(4),
HavingregardtoCommission Regulation (EEC)No
2300/73of23August1973layingdowndetailed
rulesforapplyingdifferential amountsforcolzaand
rapeseedandrepealing Regulation (EEC)No
1464/73(5),aslastamendedbyRegulation (EEC)No
1234/77(6),andinparticular Article9(4)thereof,
HavingregardtotheopinionoftheMonetary
Committee ,
Whereas ,pursuanttoArticle9(4)ofRegulation (EEC)
No2300/73,theCommission mustdetermine the
worldmarketpriceforcolzaandrapeseed;
Whereastheworldmarketpriceshouldbedeter­
minedinaccordance withtherulesandthecriteria
setoutinCommission Regulation (EEC)No1443/77
of30June1977fixingtheamountofthesubsidyonoilseeds(7),aslastamendedbyRegulation (EEC)No
1962/77(8);
Whereas,toenablethepricesystemtooperate
normally ,theworldmarketpriceshouldbecalculated
onthefollowingbasis:
—inthecaseofcurrencies whicharemaintained in
relationtoeachotheratanygivenmomentwithin
abandof2-25%,arateofexchange basedon
theireffectiveparity;
—forothercurrencies ,anexchangeratebasedonthe
arithmetic meanofthespotmarketratesofeach
ofthesecurrencies recordedforagivenperiodin
relationtotheCommunity currencies referredto
intheprevioussubparagraph ;
Whereas,applying alltheseprovisions ,theworld
marketpriceforcolzaandrapeseedshouldbefixed
asshowninthetableannexedtothisRegulation ,
HASADOPTED THISREGULATION :
Article 1
TheworldmarketpricereferredtoinArticle9(4)of
Regulation (EEC)No2300/73andtheratestobeused
forconverting themintonationalcurrencies shallbe
asshowninthetableannexedtothisRegulation .
Article2
ThisRegulation shallenterintoforceon5September
1977.
ThisRegulation shallbebindinginitsentiretyanddirectlyapplicable inallMember
States.
DoneatBrussels,2September 1977.
FortheCommission
FinnGUNDELACH
Vice-President
(')OJNo172,30.9.1966,p.3025/66.
(2)OJNoL175,29.6.1973,p.5.
(3)OJNoL167,25.7.1972,p.9.
(«)OJNoL357,28.12.1973,p.6.
(5)OJNoL236,24.8.1973,p.28.
(o)OJNoL143,10.6.1977,p.9.0OJNoL161,1.7.1977,p.31.
(8)OJNoL223,1.9.1977,p.31.

3.9.77 OfficialJournaloftheEuropeanCommunities NoL225/17
ANNEX
Worldmarketpriceapplicable from5September 1977forcolzaandrapeseed(CCT
headingNoex12.01)
u.aJWOkg(')
Worldmarketprice
Worldmarketpricewherethesubsidyisfixedinadvance :
—forthemonthofSeptember 1977
—forthemonthofOctober 1977
—forthemonthofNovember 1977
—forthemonthofDecember 1977
—forthemonthofJanuary1978
—forthemonthofFebruary197818.633
18.633
18.633
19.168
19.168
19.168
19.242
(')TheconversionratesfromunitsofaccountintonationalcurrencyasforeseenbyArticle9(5)(a)ofRegulation(EEC)No2300/73
arethefollowing :
1u.a.=DM 3.15665
1u.a.=F1 3.35507
1u.a.=Bfr/Lfr48.6572
1u.a.=FF 6.70205
1u.a.=Dkr 8.56656
1u.a.=£ 0.782289
1u.a.=I£ 0.782289
1u.a.=Lit 1200.84