NoL84/30 OfficialJournaloftheEuropeanCommunities1.4.77
COMMISSION REGULATION (EEC)No673/77
of31March1977
fixingtheworldmarketpriceforcolzaandrapeseed
THECOMMISSION OFTHEEUROPEAN
COMMUNITIES ,
HavingregardtotheTreatyestablishing theEuropean
Economic Community ,
HavingregardtoCouncilRegulation No136/
66/EECof22September 1966ontheestablishment
ofacommonorganization ofthemarketsinoilsand
fats(1),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
rulesforapplyingdifferential amountsforcolzaand
rapeseedandrepealing Regulation (EEC)No
1464/73(5),aslastamended byRegulation (EEC)No
632/75(6),andinparticular Article9(4)thereof,
HavingregardtotheopinionoftheMonetary
Committee ,
Whereas ,pursuanttoArticle9(4)ofRegulation (EEC)
No2300/73,theCommission mustdetermine the
worldmarketpriceforcolzaandrapeseed;
Whereastheworldmarketpriceshouldbedeter­
minedinaccordance withtherulesandthecriteria
setoutinCommission Regulation (EEC)No1713/76
of15July1976fixingtheamountofthesubsidyonoilseeds(7),aslastamended byRegulation (EEC)No
672/77(«);
Whereas toenablethepricesystemtooperate
normally ,theworldmarketpriceshouldbecalculated
onthefollowing basis:
—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 ,
HASADOPTED THISREGULATION :
Article 1
TheworldmarketpricereferredtoinArticle9(4)of
Regulation (EEC)No2300/73andtheratestobeused
forconverting themintonationalcurrencies shallbe
asshowninthetableannexedtothisRegulation .
Article 2
ThisRegulation shallenterintoforceon1April
1977.
ThisRegulation shallbebindinginitsentiretyanddirectlyapplicable inallMember
States.
DoneatBrussels ,31March1977.
FortheCommission
FinnGUNDELACH
Vice-President
(')OJNo172,30.9.1966,p.3025/66.
(-')OJNoL175,29.6.1973,p.5.
(3)OJNoL167,25.7.1972,p.9.
(4)OJNoL357,28.12.1973,p.6.
(5)OJNoL236,24.8.1973,p.28.
(b)OJNoL66,13.3.1975,p.11.(')OJNoL192,16.7.1976,p.17.
(s)Seepage28ofthisOfficialJournal .

1.4.77 OfficialJournaloftheEuropeanCommunities NoL84/31
ANNEX
Worldmarketpriceapplicable from1April1977forcolzaandrapeseed(CCTheading
Noex12.01)
u.a./100ki>(')
Worldmarketprice 25*103
Worldmarketpricewherethesubsidyisfixedinadvance :
—forthemonthofApril1977 25-103
—forthemonthofMay1977 25-103
—forthemonthofJune1977 25-027
—forthemonthofJuly1977 25-027
—forthemonthofAugust1977 24-373
—forthemonthofSeptember 1977 24-448
(')Theconversion ratesfromunitsofaccountintonationalcurrencyasforeseenbyArticle9(5)(a)ofRegulation (EEC)No2300/73
arethefollowing :
1u.a.=DM 3-15665
1u.a.=Fl 3-35507
1u.a.=Bfr/Lfr 48-6572
1u.a.=FF 6-63174
1u.a.=Dkr 7-89407
1u.a.=£ 0-775723
Iu.a.=I£ 0-775723
Iu.a.=Lit 1180-71