NoL118/34 OfficialJournaloftheEuropean ,Communities 4.5.73
REGULATION (EEC)No1162/73OFTHECOMMISSION
of3May1973
fixingtheexportrefundsonriceandbrokenrice
percentagebywhichthatrefundistobereduced
wheretheproportionofbrokenriceinthericeex­
portedexceedsthatmaximum;
WhereasArticle3ofRegulationNo366/67/EECde­
finesthespecificcriteriatobetakenintoaccount
whentheexportrefundonriceandbrokenriceis
beingcalculated;
Whereastheworldmarketsituationorthespecific
requirementsofcertainmarketsmaymakeitneces­
sarytovarytherefundforcertainproductsaccord­
ingtodestination ;
Whereastherefundmustbefixedonceaweek;
whereasitmaybealteredintheinterveningperiod;
Whereas,iftherefundsystemistooperatenormally,
refundsshouldbecalculatedonthebasisofan
exchangeratewhichisbased,inthecaseofcurrencies
whicharefloatingorwhosecentralratediffersfrom
theofficialparity,ontheeffectiverateorthe
centralrateofthesecurrenciesand,inthecaseof
theUSdollar,onthechangeinparityannounced
on13February1973;
Whereasitfollowsfromapplyingtheserulesandcri­
teriatothepresentsituationonthemarketinrice
andinparticulartoquotationsorpricesforriceand
brokenricewithintheCommunityandonthe
worldmarketthattherefundshouldbefixedatthe
amountsshownintheAnnextothisRegulation ;
WhereasthemeasuresprovidedforinthisRegula­
tionareinaccordancewiththeOpinionoftheMan­
agementCommitteeforCereals;THECOMMISSION OFTHEEUROPEAN
COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuro­
peanEconomicCommunity ;
HavingregardtoCouncilRegulationNo
359/67/EEC(x)of25July1967onthecommonor­
ganizationofthemarketinrice,aslastamendedby
theAct(2)annexedtotheTreaty(3)ontheAcces­
sionofnewMemberStatestotheEuropean
EconomicCommunityandtheEuropeanAtomic
EnergyCommunity ,signedatBrusselson22January
1972,andinparticularthefirstsentenceofthe
fourthsubparagraphofArticle17(2)thereof;
HavingregardtotheOpinionoftheMonetary
Committee ;
WhereasArticle17ofRegulationNo359/67/EEC
providesthatthedifferencebetweenquotationsor
pricesontheworldmarketfortheproductslistedin
Article1ofthatRegulationandpricesforthosepro­
ductswithintheCommunitymaybecoveredbyan
exportrefund;
WhereasArticle2ofCouncilRegulationNo366/67/
EEC(4)of25July1967layingdowngeneralrules
forgrantingexportrefundsonriceandcriteriafor
fixingtheamountofsuchrefunds,asamendedby
RegulationNo1019/67/EEC(5),providesthatwhen
refundsarebeingfixedaccountmustbetakenof
theexistingsituationandthefuturetrendwithre­
gardtopricesandavailabilitiesofriceandbroken
riceontheCommunitymarketontheonehandand
pricesforriceandbrokenriceontheworldmarket
ontheother;whereasthesameArticleprovides
thatitisalsoimportanttoensureequilibriumand
thenaturaldevelopmentofpricesandtradeonthe
ricemarketand,furthermore ,totakeintoaccount
theeconomicaspectoftheproposedexportsand
theneedtoavoiddisturbanceoftheCommunity
market;
WhereasRegulationNo669/67/EEC(6),asamended
byRegulation (EEC)No1057/68(7),laysdownthe
maximumpercentageofbrokenriceallowedinrice
forwhichanexportrefundisfixedandspecifiestheHASADOPTED THISREGULATION :
Article1
TherefundsontheproductslistedinArticle1of
RegulationNo359/67/EECwiththeexceptionof
thoselistedinparagraph1(c)ofthatArticle,expor­
tedinthenaturalstate,areherebyfixedasshownin
theAnnextothisRegulation .
Article2(»)OJNo174,31.7.1967,p.1.
(l)OJNoL73,27.3.1972,p.14.
(»)OJNoL73,27.3.1972,p.5.
(*)OJNo174,31.7.1967,p.34.
(5)OJNo311,21.12.1967,p.13.
(•)OJNo241,5.10.1967,p.6.
C)OJNoL179,25.7.1968,p.31ThisRegulationshallenterintoforceon4May
1973.

4.5.73 OfficialJournaloftheEuropeanCommunities NoL118/35
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,3May1973.
FortheCommission
P.J.LARDINOIS
MemberoftheCommission
ANNEX
totheCommissionRegulationof3May1973fixingtheexportrefundsonrice
andbrokenrice
(u.a./100kg)
CCT
heading
NoDescriptioñofgoodsAmountof
refund
10.06 Rice:
A.Paddyrice;huskedrice:
I
II.Huskedrice:
a)Roundgrained—
b)Longgrained—
B.Semi-milledorwhollymilledrice:
I.Semi-milled rice:
a)Roundgrained—
b)Longgrained—
II.Whollymilledrice:
a)Roundgrained—
b)Longgrained
TheamountbywhichtherefundsmaybeincreasedpursuanttoArticle1ofRegulationNo719/
67/EECis0-20u.a./100kg.