NoL59/66 OfficialJournaloftheEuropeanCommunities 1.3.74
REGULATION (EEC)No505/74OFTHECOMMISSION
of28February1974
fixingtheexportrefundonoilseeds
THECOMMISSION OFTHEEUROPEAN
COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity ;WhereasArticle3ofRegulationNo142/67/EEC
providesthatwhentherefundisbeingcalculated
accountmustbetakenofpricesrulingonthevarious
Communitymarketswhicharerepresentative from
thepointofviewofprocessingandexportation ;the
mostfavourablequotationsrecordedonthevarious
marketsofimportingthirdcountriesandGreece,and
costsincurredinplacingthegoodsontheworld
market;whereas,whentheamountoftherefundis
beingfixed,accountmustalsobetakenofthelevelof(
marketpriceswithintheCommunityfortheoilseeds
referredtoinArticle21ofRegulationNo136/
66/EECandthefuturetrendoftheseprices;whereas,
furthermore ,accountshouldbetakenoftheeconomic
aspectoftheproposedexportsandthesituationinthe
Communityregardingthesupplyofanddemandfor
theseseeds;HavingregardtoCouncilRegulationNo136/
66/EEC(')of22September1966ontheestablish­
mentofacommonorganizationofthemarketinoils
andfats,aslastamendedbyRegulation (EEC)No
1707/73(2);
HavingregardtoCouncilRegulationNo162/
66/EEC(3)of27October1966ontradeinoilsand
fatsbetweentheCommunityandGreece;
HavingregardtoCouncilRegulationNo142/
67/EEC(4)of21June1967onexportrefundson
colza,rapeandsunflowerseeds,aslastamendedby
Regulation (EEC)No2429/72(5),andinparticularthe
firstsentenceofArticle2(3)thereof;
HavingregardtotheOpinionoftheMonetary
Committee ;WhereasArticle1ofCommissionRegulation (EEC)
No651/71(6)of29March1971oncertaindetailed
rulesfortheapplicationofexportrefundsonoilseeds
providesthattheamountoftherefundmustbecalcu­
latedonthebasisoftheweightofexportedseeds;
whereasthisweightmustbeadjustedtotakeaccount
ofanydifferencesbetweenthepercentagesofmois­
tureandimpuritiesfoundtoexistandthoseusedto
definethestandardqualityforwhichthetargetprice
isfixed;whereas,whenthisadjustmentisbeing
made,theweightoftheexportedseedsmustbe
increasedbytheamountofthedifferencebetweenthe
actualmoistureandimpuritiescontentandthatused
todefinethestandardqualityiftheformerislower
thanthelatter;whereas,iftheoppositeapplies,the
weightoftheexportedseedsmustbereducedbythe
sameamount;WhereasArticle28ofRegulationNo136/66/EEC
providesthatarefundmaybegrantedonexportsto
thirdcountriesofoilseedsharvestedwithinthe
Community ;whereastheamountofthisrefundmay
notexceedthedifferencebetweenpriceswithinthe
Communityandpricesontheworldmarketwhere
theformerarehigherthanthelatter;whereasArticle
21ofRegulationNo136/66/EECprovidesthat,at
present,Article28ofthatRegulationappliesonlyto
colza,rapeandsunflowerseeds; Whereasthestandardqualityreferredtoaboveis
definedinArticle2ofCouncilRegulation(EEC)No
1360/73(7)of15May1973fixingthetargetprices
andbasicinterventionpricesforoilseedsforthe
1973/74marketingyear;WhereasArticle8ofRegulationNo162/66/EEC
providesthatArticle28ofRegulationNo136/
66/EECandmeasurestakeninapplicationthereof
apply,subjecttotheprovisionsoftheAgreementesta­
blishinganAssociationbetweentheEuropean
EconomicCommunityandGreece,totradebetween
theCommunityandGreece;WhereasArticle2ofRegulationNo142/67/EEC
providesthattherefundmaybevariedaccordingto
destinationwheretheworldmarketsituationorthe
specificrequirements ofcertainmarketsmakethis
necessary ;(')OJNo172,30.9.1966,p.3025/66.
(*)OJNoL175,29.6.1973,p.5.
(3)OJNo197,29.10.1966,p.3393/66
(4OJNo125,26.6.1967,p.2461/67. (*)OJNoL75,30.3.1971,p.16.
(7)OJNoL141,28.5.1973,p.33. 0OJNoL264,23.11.1972,p.1.

.3.74 OfficialJournaloftheEuropeanCommunities NoL59/67
WhereasthemeasuresprovidedforinthisRegulation
areinaccordancewiththeOpinionoftheManage­
mentCommitteeforOilsandFats,
HASADOPTEDTHISREGULATION :
ArticleIWhereas,iftherefundsystemistooperatenormally,
refundsshouldbecalculatedonthefollowingbasis:
—inthecaseofcurrencieswhicharemaintainedin
relationtoeachother,atanygivenmoment,
withinabandof2-25%,arateofexchangebased
ontheireffectiveparity;
—forothercurrenciesanexchangeratebasedonthe
arithmeticmeanofthespotmarketratesofeach
ofthesecurrenciesrecordedforagivenperiod,in
relationtotheCommunitycurrenciesreferredto
intheprevioussubparagraph ;
Whereasitfollowsfromapplyingtheserulesand
criteriatothepresentsituationonthemarketinoil
seeds,andinparticulartoquotationsorpricesfor
theseproductswithintheCommunityandonthe
marketsofthirdcountriesandGreece,thattherefund
shouldbefixedattheamountsshownintheAnnex
tothisRegulationforthoseproductsforwhichthe
marketingyearhasalreadybegun;TherefundsontheproductsreferredtoinArticle21
ofRegulationNo136/66/EEC,exportedtothirdcoun­
triesandGreece,areherebyfixedasshowninthe
AnnextothisRegulation .
Article2
ThisRegulationShallenterintoforceon1March
1974.
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,28February1974.
FortheCommission
P.J.LARDINOIS
MemberoftheCommission
ANNEX
Refundapplicabletooilseedsfrom1March1974
{u.aJlOOkg)
CCTheading
No Descriptionotgoods Refund
ex12.01
ex12.01Col/.aandrapeseed,otherthanforsowing
Sunflowerseed,otherthanforsowing—