25.2.89 OfficialJournaloftheEuropeanCommunities NoL53/15
COMMISSION REGULATION (EEC)No468/89
of24February1989
fixingthecorrectiveamountapplicabletotherefundonriceandbrokenrice
THECOMMISSION OFTHEEUROPEAN COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity ,
HavingregardtotheActofAccessionofSpainand
Portugal,
HavingregardtoCouncilRegulation(EEC)No1418/76
of21June1976onthecommonorganizationofthe
marketinrice('),aslastamendedbyRegulation(EEC)
No2229/88(2),andinparticularthesecondsubparagraph
ofArticle17(4)thereof,dancewithArticle3(2)ofCouncilRegulation(EEC)No
1428/76(*),basedinrespectofeachmonthforwhichthe
exportlicenceisvalid,onthecifpricecalculatedonthe
basisofoffersforshipmentduringthemonthofexporta­
tion;
Whereas,iftherefundsystemistooperatenormally,
refundsshouldbecalculatedonthefollowingbasis:
—inthecaseofcurrencieswhicharemaintainedinrela­
tiontoeachotheratanygivenmomentwithinaband
of2,25%,arateofexchangebasedontheircentral
rate,multipliedbythecorrectivefactorprovidedforin
thelastparagraphofArticle3(1)ofCouncilRegula­
tion(EEC)No1676/85(%aslastamendedbyRegula­
tion(EEC)No1636/87Q,
—forothercurrencies,anexchangeratebasedonthe
arithmeticmeanofthespotmarketratesofeachof
thesecurrenciesrecordedforagivenperiodinrela­
tiontotheCommunitycurrenciesreferredtointhe
previousindent,andtheaforesaidcoefficient;
Whereasitfollowsfromapplyingtheprovisionssetout
abovethatthecorrectiveamountmustbeassetoutinthe
Annexhereto;
WhereasthemeasuresprovidedforinthisRegulationare
inaccordancewiththeopinionoftheManagement
CommitteeforCereals,HavingregardtotheopinionoftheMonetaryCommittee,
WhereasthefirstsubparagraphofArticle17(4)ofRegu­
lation(EEC)No1418/76providesthattheexportrefund
applicabletoriceandbrokenriceonthedayonwhich
applicationforanexportlicenceismade,adjustedforthe
thresholdpricewhichwillbeinforceduringthemonth
ofexportation,mustbeappliedonrequesttoexportsto
beeffectedduringtheperiodofvalidityofthelicence;
WhereasCommissionRegulationNo474/67/EEC(3),as
amendedbyRegulation(EEC)No1397/68(4),laysdown
detailedrulesfortheadvancefixingoftheexportrefund
onriceandbrokenrice:
HASADOPTEDTHISREGULATION :
WhereasthatRegulationprovidesthattherefundappli­
cableonthedayonwhichapplicationforanexport
licenceismademust,whenitisfixedinadvance,be
reducedbyanamountnogreaterthanthedifference
betweenthecifforwarddeliverypriceandthecifprice,
wheretheformerexceedsthelatterbymorethan0,30
ECUpertonne;whereasontheotherhand,therefund
mustbeincreasedbyanamountnogreaterthanthe
differencebetweenthecifpriceandthecifforwarddeli­
veryprice,wheretheformerexceedsthelatterbymore
than0,30ECUpertonne;Article1
ThecorrectiveamountreferredtoinArticle17(4)of
Regulation(EEC)No1418/76whichisapplicabletothe
exportrefundsfixedinadvanceinrespectofriceand
brokenriceshallbeassetoutintheAnnexhereto.
Whereasthecifpriceisthatdeterminedinaccordance
withArticle16ofRegulation(EEC)No1418/76;whereas
thecifforwarddeliverypriceisthatdeterminedinaccorArticle2
ThisRegulationshallenterintoforceon1March1989.
(')OJNoL166,25.6.1976,p.1.0OJNoL197,26.7.1988,p.30.0OJNo204,24.8.1967,p.20.
(<)OJNoL222,10.9.1968,p.6.0OJNoL166,25.6.1976,p.30.
(«)OJNoL164,24.6.1985,p.1.oOJNoL153,13.6.1987,p.1.

NoL53/16 OfficialJournaloftheEuropeanCommunities 25.2.89
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,24February1989.
FortheCommission
RayMACSHARRY
MemberoftheCommission

25.2.89 OfficialJournaloftheEuropeanCommunities NoL53/17
ANNEX
totheCommissionRegulationof24February1989fixingthecorrectiveamountapplicable
totherefundonriceandbrokenrice
(ECU/tonne)
ProductcodeCurrent 1stperiod 2ndperiod 3rdperiod
\3 4 5 6
10062011000 — — —
10062013000 0 0 0 0
10062015000 0 0 0 0
10062017000 — — — —
10062092000 — — — —
10062094000 0 0 0 0
10062096000 0 0 0 0
10062098000 — — — —
10063021000 — — — ■ —
10063023000 0 0 0 0
10063025000 0 0 0 0
10063027000 — — — —
10063042000 — — — —
10063044000 0 0 0 0
10063046000 0 0 0 0
10063048000 — — — —
10063061000 — — — —
10063063100 0 0 0 0
10063063900 0 0 0 0
10063065100 0 0 0 0
10063065900 0 0 0 0
10063067100 — — — —
10063067900 — — — —
10063092000 — — — —
10063094100 0 0 0 0
10063094900 0 0 0 0
10063096100 0 0 0 0
10063096900 0 0 0 0
10063098100 — — — —
10063098900 _ — — —
10064000000 — — — —