NoL288/32 OfficialJournaloftheEuropeanCommunities 25.10.74
REGULATION (EEC)No2695/74OFTHECOMMISSION
of24October1974
fixingtherefundsapplicabletocerealsandwheatorryeflourgroatsandmeal
thesequantitieswerefixedinRegulationNo162/
67/EEC(5),asamendedbyRegulation (EEC)No
1607/71(6);
Whereastheworldmarketsituationorthespecific
requirements ofcertainmarketsmaymakeitneces­
sarytovarytherefundforcertainproductsaccording
todestination ;
Whereastherefundmustbefixedatleastoncea
month;whereasitmaybealteredintheintervening
period;
Whereas,iftherefundsystemistooperatenormally,
refundsshouldbecalculatedonthefollowingbasis:
—inthecaseofcurrencieswhicharemaintained in
relationtoeachother,atanygivenmoment,
withinabandof2-25%,arateofexchangebased
ontheireffectiveparity;
—forothercurrenciesanexchangeratebasedonthe
arithmeticmeanofthespotmarketratesofeach
ofthesecurrenciesrecordedforagivenperiod,in
relationtotheCommunitycurrenciesreferredto
intheprevioussubparagraph ;
Whereasitfollowsfromapplyingtherulesoutlined
abovetothepresentsituationonthemarketin
cereals,andinparticulartoquotationsorpricesfor
theseproductswithintheCommunityandonthe
worldmarket,thattherefunds,shouldbefixedas
shownintheAnnextothisRegulation ;
WhereasthemeasuresprovidedforinthisRegulation
areinaccordancewiththeOpinionoftheManage­
mentCommitteeforCereals,THECOMMISSION OFTHEEUROPEAN
COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity ;
HavingregardtoCouncilRegulationNo120/
67/EEC(')of13June1967onthecommonorganiza­
tionofthemarketincereals,aslastamendedbyRegu­
lation(EEC)No1996/74(2),andinparticularthefirst
sentenceofthefourthsubparagraph ofArticle16(2)
thereof;
HavingregardtotheOpinionoftheMonetary
Committee ;
WhereasArticle16ofRegulationNo120/67/EEC
providesthatthedifferencebetweenquotationsor
pricesontheworldmarketfortheproductslistedin
Article 1ofthatRegulationandpricesforthose
productsintheCommunitymaybecoveredbyan
exportrefund;
WhereasArticle2ofCouncilRegulationNo139/
67/EEC(3)of21June1967layingdowngeneralrules
forgrantingexportrefundsoncerealsandcriteriafor
fixingtheamountofsuchrefunds,asamendedby
Regulation (EEC)No1997/74(4),providesthatwhen
refundsarebeingfixedaccountmustbetakenofthe
existingsituationandthefuturetrendwithregardto
pricesandavailabilitiesofcerealsontheCommunity
marketontheonehandandpricesforcerealsand
cerealproductsontheworldmarketontheother;
whereasthesamearticleprovidesthatitisalsoimpor­
tanttoensureequilibriumandthenaturaldevelop­
mentofpricesandtradeoncerealmarketsand,
furthermore ,totakeintoaccounttheeconomicaspect
oftheproposedexportsandtheneedtoavoiddistur­
bancesontheCommunitymarket;
WhereasArticle3ofRegulationNo139/67/EEC
definesthespecificcriteriatobetakenintoaccount
whentherefundoncerealsisbeingcalculated ;
Whereasthesespecificcriteriaaredefined,asfaras
wheatandryeflour,groatsandmealareconcerned,in
Article4ofRegulationNoIW6"7EEC ;whereas,
furthermore ,whentheiuiuiontheseproductsis
beingcalculated,amountmustbetakenofthequanti­
tiesofcerealsrequiredfortheirmanufacture ;whereasHASADOPTED THISREGULATION :
A)tick1
TherefundsontheproductslistedinArticle1(a),(b)
and(c)ofRegulationNo120/67/EEC,exportedinthe
naturalstate,areherebyfixedasshownintheAnnex
tothisRegulation .
Ailicit2
ThisRegulationshallenterintoforceon25October
I974.(!)OJNo117,19.6.1967.p.2269/67.
(-)O'lNoL209,31.7.1974,p.1.
(■')0"|No125,26.6.1967,p.2453/67.
(4)O'lNoL209,31.7.19-4,p.Vp)O)No128,27.6.1967,p.2574/67.
(h)O'lNoI.168,27.7.1971,p.16.

25.10.74 OfficialJournaloftheEuropeanCommunities NoL288/33
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,24October1974.
FortheCommission
P.J.LARDINOIS
MemberoftheCommission

NoL288/34 OfficialJournaloftheEuropeanCommunities 25.10.74
ANNEX
totheCommissionRegulationof24October1974fixingtherefundsapplicabletocereals
andwheatorryeflourgroatsandmeal
(*.«./»)
CCTheading
No Descriptionofproducts Refund
10.01ACommonwhearandmesiin
10.01BDurumwheat —
10.02 Rye(M—
10.03 Barley—
10.04 Oat»—
10.05BMaize(otherthanhybridmaizeforsowing)—
10.07CGrainsorghum—
ex11.01AWheatflour:
—ofanashcontentof0to520 —
—ofanashcontentof521to600—
—ofanashcontentof601to900—
—ofanashcontentof901to1100—
—ofanashcontentof1101to1650—
—ofanashcontentof1651to1900—
rx11.01BRyeflour:
—ofanashcontentof0to700—
—ofanashcontentof701to1150—
—ofanashcontentof1151to1600—
—ofanashcontentof1601to2000—
11.02AlaDurumwheatgroatsandmeal:
—ofanashcontentof0to950 —
—ofanashcontentof951to1300 —
—ofanashcontentof'1301to1500 —
11.02AlbCommonwheatgroatsandmeal:
—ofanashcontentof0to520
(')TherefundisgrantedsolelyinrespectofryewhichhasnotbeendenaturedpursuanttoArticle7(3)and(5)ofRegu­
lationNo120/67/ECC.
TheamountbywhichtherefundmaybeincreasedpursuanttoArticle1ofRegulationNo587/
67/EECis2u.a./ton.