NoL300/44 OfficialJournaloftheEuropeanCommunities 27.10.78
COMMISSION REGULATION (EEC)No2505/78
of26October1978
fixingthecorrectiveamountapplicabletotherefundonmalt
ofexportsandtheneedtopreventdisturbanceson
theCommunitymarket;
Whereastheworldmarketsituationorthespecific
requirementsofcertainmarketsmaymakeitneces­
sarytovarythecorrectiveamountaccordingtodesti­
nation;
Whereasthecorrectiveamountmustbefixedatthe
sametimeastherefundandaccordingtothesame
procedure;whereasitmaybealteredintheperiod
betweenfixings;
Whereas,ifthesystemofcorrectiveamountsisto
operatenormally,correctiveamountsshouldbecalcu­
latedonthefollowingbasis:
—inthecaseofcurrencieswhicharemaintainedin
relationtoeachotheratanygivenmomentwithin
abandof2-25%,arateofexchangebasedon
theireffectiveparity,
—forothercurrencies,anexchangeratebasedonthe
arithmeticmeanofthespotmarketratesofeach
ofthesecurrenciesrecordedforagivenperiodin
relationtotheCommunitycurrenciesreferredto
intheprecedingsubparagraph ;
Whereasitfollowsfromapplyingtheprovisions
referredtoabovethatthecorrectiveamountmustbe
fixedasshowninthetablesannexedtothisRegula­
tion;
WhereasthemeasuresprovidedforinthisRegulation
areinaccordancewiththeopinionoftheManage­
mentCommitteeforCereals,THECOMMISSION OFTHEEUROPEAN
COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity ,
HavingregardtoCouncilRegulation (EEC)No
2727/75of29October1975onthecommonorganiza­
tionofthemarketincereals('),aslastamendedby
Regulation(EEC)No1254/78(2),andinparticularthe
thirdsentenceofthesecondsubparagraph ofArticle
16(4)thereof,
HavingregardtoCouncilRegulation (EEC)No
2746/75of29October1975layingdowngeneral
rulesforgrantingexportrefundsoncerealsand
criteriaforfixingtheamountofsuchrefunds(3),
HavingregardtotheopinionoftheMonetary
Committee,
WhereasArticle16(4)ofRegulation (EEC)No
2727/75providesthattheexportrefundapplicableto
cerealsonthedayonwhichapplicationforanexport
licenceismade,adjustedforthethresholdpricein
forceduringthemonthofexportation,mustbe
appliedonrequesttoexportstobe21duringthe
periodofvalidityoftheexportlicence;whereas,in
thiscase,thecorrectiveamountmustbeappliedto
therefund;
WhereasCouncilRegulation(EEC)No2744/75of29
October1975ontheimportandexportsystemfor
productsprocessedfromcerealsandfromrice(4),as
lastamendedbyRegulation (EEC)No2245/78(5),
madepossiblethefixingofacorrectiveamountfor
certainproductslistedinArticle1(d)ofRegulation
(EEC)No2727/75;
WhereasRegulation(EEC)No1281/75(6)laiddown
detailedrulesfortheadvancefixingofexportrefunds
forcerealsandcertainproductsprocessedfrom
cereals;
Whereas,pursuanttothatRegulation,whenthecorrec­
tiveamountisbeingfixedinrespectofmalt,account
mustbetakenoftheexistingsituationandthefuture
trendwithregardtothepossibilitiesandconditions
forthesaleofthecerealsconcernedandofmalton
theworldmarket;whereasthesameRegulationalso
providesthataccountmustbetakenofthequantityof
cerealsneededformakingmalt,theeconomicaspectHASADOPTEDTHISREGULATION :
Article1
ThecorrectiveamountreferredtoinArticle16(4)of
Regulation (EEC)No2727/75whichisapplicableto
exportrefundsfixedinadvanceinrespectofmaltis
herebyfixedasshowninthetablesannexedtothis
Regulation .
(>)OJNoL281,1.11.1975,p.1.
(2)OJNoL156,14.6.1978,p.1.
(3)OJNoL281,1.11.1975,p.78.
(4)OJNoL281,1.11.1975,p.65.
(5)OJNoL273,29.9.1978,p.1.
(6)OJNoL131,22.5.1975,p.15.Article2
ThisRegulationshallenterintoforceon1November
1978.

27.10.78 OfficialJournaloftheEuropeanCommunities NoL300/45
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,26October1978.
FortheCommission
FinnGUNDELACH
Vice-President
ANNEX
totheCommissionRegulationof26October1978fixingthecorrectiveamountapplicable
totherefundonmalt
(u.a./tonne)
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111stperiod
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11.07AIa) 00000
11.07AIb) 000000
11.07AIIa) 0000 0 —
11.07AIIb) .0000 00
11.07B 000000
(u.a./tonne)
CCTheadingNo6thperiod
57thperiod
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11.07AIa)
11.07AIb) 00000 —
11.07AIIa)— — — — — —
11.07AIIb) 00000 —
11.07B 00000 —