6.1.77 OfficialJournaloftheEuropeanCommunities NoL4/13
COMMISSION REGULATION (EEC)No16/77
of5January 1977
determining theworldmarketpriceforcolzaandrapeseed
THECOMMISSION OFTHEEUROPEAN
COMMUNITIES ,
HavingregardtotheTreatyestablishing theEuropean
Economic Community ,
HavingregardtoCouncilRegulation No136/
66/EECof22September 1966ontheestablishment
ofacommonorganization ofthemarketsinoilsand
fats(J),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
632/75(6),andinparticularArticle9(4)thereof,
HavingregardtotheopinionoftheMonetary
Committee ,
Whereas ,pursuanttoArticle9(4)ofRegulation (EEC)
No2300/73,theCommission mustdetermine the
worldmarketpriceforcolzaandrapeseed;
Whereastheworldmarketpriceshouldbedeter­
minedinaccordance withtherulesandthecriteria
setoutinCommission Regulation (EEC)No1713/76
of15July1976fixingtheamountofthesubsidyonoilseeds(7),aslastamended byRegulation (EEC)No
15/77(8);
Whereas toenablethepricesystemtooperate
normally ,theworldmarketpriceshouldbecalculated
onthefollowing basis:
—inthecaseofcurrencies whicharemaintained in
relationtoeachother,atanygivenmoment ,
withinabandof225%,arateofexchangebased
ontheireffectiveparity;
—forothercurrencies anexchange ratebasedonthe
arithmetic meanofthespotmarketratesofeach
ofthesecurrencies recordedforagivenperiod,in
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 .
Article 2
ThisRegulation shallenterintoforceon6January
1977.
ThisRegulation shallbebindinginitsentiretyanddirectlyapplicable inallMember
States.
DoneatBrussels ,5January1977.
FortheCommission
P.J.LARDINOIS
MemberoftheCommission
(')OJNo172,30.9.1966,p.3025/66.
(2)OJNoL175,29.6.1973,p.5.
(3)OJNoL167,25.7.1972,p.9.
(4)OJNoL357,28.12.1973,p.6.
(5)OJNoL236,24.8.1973,p.28.
(6)OJNoL66,13.3.1975,p.11.(7)OJNoL192,16.7.1976,p.17.
(8)Seepage 11ofthisOfficialJournal .

NoL4/14 OfficialJournaloftheEuropeanCommunities 6.1.77
ANNEX
Worldmarketpriceapplicable from6January1977forcolzaandrapeseed(CCTheading
Noex12.01)
u.aJ100kg(1)
Worldmarketprice 20-244
Worldmarketpricewherethesubsidyisfixedinadvance :
—forthemonthofJanuary1977 20-244
—forthemonthofFebruary1977 20-244
—forthemonthofMarch1977 20-244
—forthemonthofApril1977 20-244
—forthemonthofMay1977 20-244
—forthemonthofJune1977 20-244
(')Theconversion ratesfromunitsofaccountintonationalcurrencyasforeseenbyArticle9(5)(a)ofRegulation (EEC)No2300/73
arethefollowing :
Iu.a.=DM 3-1566.5
1u.a.=F1 3-35507
Iu.a.=Bfr/Lfr48-6572
Iu.a.=FF 6-69985
1u.a.=Dkr 7-89407
Iu.a.=£ 0-797200
1u.a.=I£ 0-797200
1u.a.=Lit I174-55