25.3.76 OfficialJournaloftheEuropeanCommunities NoL78/15
COMMISSION REGULATION (EEC)No648/76
of24March1976
determining theworldmarketprice(orcolzaandrapeseed
onoilseeds(7),aslastamendedbyRegulation (EEC)
No628/76(8);
Whereas toenablethepricesystemtooperate
normally ,theworldmarketpriceshouldbecalculated
onthefollowingbasis:
—inthecaseofcurrencies whicharemaintained in
relationtoeachother,atanygivenmoment ,
withinabandof2-25%,arateofexchangebased
ontheireffectiveparity;
—forothercurrencies anexchangeratebasedonthe
arithmetic meanofthespotmarketratesofeach
ofthesecurrencies recordedforagivenperiod,in
relationtotheCommunity currencies referredto
intheprevioussubparagraph ;
Whereas ,applying alltheseprovisions ,theworld
marketpriceforcolzaandrapeseedshouldbefixed
asshowninthetableannexedtothisRegulation ,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
ruiesforapplyingdifferential 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)No383/76
of20February1976fixingtheamountofthesubsidyHASADOPTED THISREGULATION :
Article 1
TheworldmarketpricereferredtoinArticle9(4)of
Regulation (EEC)No2300/73andtheratestobeused
forconverting themintonationalcurrencies shallbe
asshowninthetableannexedtothisRegulation .
Article2
ThisRegulation shallenterintoforceon25March
1976.
ThisRegulation shallbebindinginitsentiretyanddirectlyapplicable inallMember
States.
DoneatBrussels ,24March1976.
FortheCommission
P.J.LARDINOIS
MemberoftheCommission
(5)OJNo172,30.9.1966,p.3025/66.
(2)OJNoL175,29.6.1973,p.-5.
(3)OJNoL167,25.7.1972,p.9.
(«)OJNoL357,28.12.1973,p.6.
(5)OJNoL236,24.8.1973,p.28.
(')OJNoL66,13.3.1975,p.11.(7)'OJNoL45,21.2.1976,p.33.
(8)OJNoL74,20.3.1976,p.28.

NoL78/16 OfficialJournaloftheEuropeanCommunities 25.3.76
ANNEX
Worldmarketpriceapplicable from25March1976forcolzaandrapeseed(CCTheading
Noex12.01)
u.a/100kg(')
Worldmarketprice 17-218
Worldmarketpricewherethesubsidyisfixedinadvance :
—forthemonthofMarch1976 17-218
—forthemonthofApril1976 17-298
—forthemonthofMay1976 17-379
—forthemonthofJune1976 17-459
—forthemonthofJuly1976 17-540
—forthemonthofAugust1976 17-540
(J)Theconversion ratesfromunitsofaccountintonationalcurrencyasforeseenbyArticle9(5)(a)ofRegulation (EEC)No2300/73
arethefollowing :
1u.a.-DM 3-21978
1u.a.=F1 3-35507
1u.a.-Bfr/Lfr48-6572
1u.a.-FF 586331
1UA-Dkr 7-57828
1u.a.-£ 0-641112
1u.a.-I£ 0-641112
1u.a.«Lit 1003*36