4.10.78 OfficialJournaloftheEuropeanCommunities NoL279/5
COMMISSION REGULATION (EEC)No2314/78
of3October1978
fixingtheaidforcastorseeds
THECOMMISSION OFTHEEUROPEAN
COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity ,
HavingregardtoCouncilRegulation (EEC)No
2874/77of19December1977layingdownspecial
measuresinrespectofcastorseeds(l),andinparti­
cularArticle2(5)thereof,
HavingregardtotheopinionoftheMonetary
Committee ;
WhereasArticle2(1)ofRegulation(EEC)No2874/77
specifiesthataidshallbegrantedinrespectofcastor
seedswhentheguidepriceforamarketingyearis
higherthantheworldmarketprice;whereasthisaid
istobeequaltothedifferencebetweenthesetwo
prices;
WhereastheguidepricehasbeenfixedbyCouncil
Regulation(EEC)No1296/78of6June1978fixing
theguidepriceforcastorseedforthe1978/79
marketingyear(2);
Whereastheworldmarketpriceisdeterminedfor
seedinbulkdeliveredtoRotterdamofthestandard
qualityforwhichtheguidepricewasfixed;
WhereasCouncilRegulation (EEC)No1853/78of25
July1978adoptinggeneralrulesinconnectionwith
specialmeasuresforcastorseeds(3)providesthatthe
worldmarketpriceshallbedeterminedonthebasis
oftheactualmostfavourablepurchasingpossibilities
disregardingoffersandpriceswhichcannotbeconsid­
eredasrepresentative oftheactualmarkettrend;
Whereasindeterminingtheworldmarketprice
accountistobetakenonlyoftheoffersmadeonthe
worldmarketfordeliveryduringthemostrepresenta­
tiveperiodforthesaleofseedofCommunityorigin
andofthepricesquotedfordeliveryduringthesame
periodonthemajorinternationalexchanges ;whereas
themostrepresentative periodforthesaleofseedof
CommunityoriginhasbeenfixedbyCommission
Regulation (EEC)No2308/78of2October1978
determiningforthemarketingyear1978/79themostrepresentativeperiodforthesaleofCommunitycastor
seeds(4);
Whereasoffersandpriceswhichdonotsatisfythese
conditionsmustbeadjustedinaccordancewith
Article2ofCommission Regulation (EEC)No
2290/78of28September1978layingdowndetailed
rulesfortheapplicationofthespecialmeasuresfor
castorseeds(5);
WhereasArticle2ofRegulation (EEC)No1853/78
providesthatwherenoofferorpricecanbeusedto
determinetheworldmarketpriceofcastorseedit
shallbedetermined onthebasisoftheoffersand
pricesontheworldorCommunitymarketsforcastor
oilandoil-cake;whereasforthispurposethevalueof
theaveragequantitiesofoilandoil-cakeobtainedin
theCommunityfromprocessing100kgofcastorseed
lesstheamountofthecostofprocessingtheseedinto
oilandoil-cakeshallbeused;
WhereasArticle3ofRegulation(EEC)No1853/78
providesthatwherenoofferorpricecanbeusedto
determinetheworldmarketpriceforcastorseedand,
further,itisimpossibletoestablishthevalueofthe
oil-cakeoroilprocessedfromsuchseed,theworld
marketpriceshallbeequaltotheguidepricefor
castorseed;
Whereasinordertopermittheaidsystemtofunction
smoothlythefollowingconversionratesshouldbe
used:
—forcurrenciestheexchangeratesforwhichare
keptatanygivenmomentwithinamaximum
spreadof2-25%,aconversionratecalculated
fromtheiractualparity,
—fortheothercurrenciesaconversionratecalcu­
latedfromthearithmeticalmeanofthespot
marketratesofeachofthesecurrencies,recorded
overagivenperiod,againsttheCommunity
currenciesindicatedintheprecedingindent;
Whereastheaidmustbefixedonceamonth,andin
suchawaythatitcanbeappliedfromthefirstdayof
themonthfollowingthedateoffixing;whereasit
maybealteredbetweenfixing;
OOJNoL332,24.12.1977,p.1.
(2)OJNoL160,17.6.1978,p.7.
(>)OJNoL212,2.8.1978,p.1.(4)OJNoL278,3.10.1978,p.24.
(5)OJNoL275,30.9.1978,p.83.

NoL279/6 OfficialJournaloftheEuropeanCommunities 4.10.78
Article2 WhereasthemeasuresprovidedforinthisRegulation
areinaccordancewiththeopinionoftheManage­
mentCommitteeforOilsandFats,
HASADOPTED THISREGULATION :
ArticleI
TheaidreferredtoinArticle2ofRegulation (EEC)
No2874/77shallbe21.359unitsofaccountper100
kilograms.ThisRegulationshallenterintoforceonthedayofits
publicationintheOfficialJournaloftheEuropean
Communities .
Itshallapplywitheffectfrom1October1978.
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,3October1978.
FortheCommission
FinnGUNDELACH
Vice-President