NoL14/8 OfficialJournaloftheEuropeanCommunities 16.1.81
COMMISSION REGULATION (EEC)No96/81
of15January1981
fixingtheexportrefundsonmalt
THECOMMISSION OFTHEEUROPEAN
COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity ,
HavingregardtoCouncilRegulation (EEC)No
2727/75of29October1975onthecommonorgani­
zationofthemarketincereals('),aslastamendedby
theActofAccessionofGreece(2),andinparticularthe
fourthsubparagraphofArticle16(2)thereof,
HavingregardtotheopinionoftheMonetary
Committee ,whentherefundontheseproductsisbeingcalcu­
lated;
Whereasitfollowsfromapplyingthesedetailedrules
tothepresentsituationonthemarketinproducts
processedfromcerealsandricethattheexportrefund
shouldbefixedatanamountwhichwillcoverthe
differencebetweenCommunitypricesandworld
marketprices;
Whereastheworldmarketsituationorthespecific
requirementsofcertainmarketsmaymakeitnecessary
tovarytherefundforcertainproductsaccordingto
destination ;
Whereas,iftherefundsystemistooperatenormally,
refundsshouldbecalculatedonthefollowingbasis:
—inthecaseofcurrencieswhicharemaintainedin
relationtoeachotheratanygivenmomentwithin
abandof2*25%,arateofexchangebasedon
theireffectiveparity;
—forothercurrencies,anexchangeratebasedonthe
arithmeticmeanofthespotmarketratesofeachof
thesecurrenciesrecordedforagivenperiodin
relationtotheCommunitycurrenciesreferredto
inthepreviousindent;
Whereastherefundmustbefixedonceamonth;
whereasitmaybealteredintheinterveningperiod;
WhereasthemeasuresprovidedforinthisRegulation
areinaccordancewiththeopinionoftheManagement
CommitteeforCereals,WhereasArticle16ofRegulation(EEC)No2727/75
providesthatthedifferencebetweenquotationsor
pricesontheworldmarketfortheproductslistedin
Article1ofthoseRegulationsandpricesforthose
productswithintheCommunitymaybecoveredbyan
exportrefund;
WhereasArticle2ofCouncilRegulation(EEC)No
2746/75of29October1975layingdowngeneralrules
forgrantingexportrefundsoncerealsandcriteriafor
fixingtheamountofsuchrefunds(3),providesthat
whenrefundsarebeingfixedaccountmustbetakenof
theexistingsituationandthefuturetrendwithregard
topricesandavailabilitiesofcerealsontheCommu­
nitymarketontheonehandandpricesforcerealsand
cerealproductsontheworldmarketontheother;
whereasthesameArticleprovidesthatitisalsoim­
portanttoensureequilibriumandthenaturaldevelop­
mentofpricesandtradeoncerealmarketsand,
furthermore ,totakeintoaccounttheeconomicaspect
oftheproposedexports,andtheneedtoavoiddisturb­
ancesontheCommunitymarket;HASADOPTEDTHISREGULATION :
Article1
TheexportrefundsonmaltlistedinArticle1(d)of
Regulation(EEC)No2727/75subjecttoRegulation
(EEC)No2744/75shallbeassetoutintheAnnex
hereto.WhereasCouncilRegulation(EEC)No2744/75of29
October1975ontheimportandexportsystemfor
productsprocessedfromcerealsandfromrice(4),as
lastamendedbytheActofAccessionofGreece,
definesthespecificcriteriatobetakenintoaccount
Article2
(')OJNoL281,1.11.1975,p.1.
(2)OJNoL291,19.11.1979,p.17.ThisRegulationshallenterintoforceon16January
1981.oOJNoL281,1.11.1975,p.78.
4OJNoL281,1.11.1975,p.65.

16.1.81 OfficialJournaloftheEuropeanCommunities NoL14/9
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,15January1981.
FortheCommission
ThePresident
GastonTHORN
ANNEX
totheCommissionRegulationof15January1981fixingtheexportrefundsonmalt
(ECU/tonne)
CCTheadingNo Refund
11.07AIb) 45-22
11.07AIIb) 19-63
11.07B 22-88