NoL59/10 OfficialJournaloftheEuropeanCommunities 4.3.77
COMMISSION REGULATION (EEC)No450/77
of3March1977
fixingtheexportrefundsonriceandbrokenrice
Whereastheworldmarketsituationorthespecific
requirementsofcertainmarketsmaymakeitneces­
sarytovarytherefundforcertainproductsaccording
todestination ;
Whereastherefundmustbefixedatleastoncea
month;whereasitmaybealteredintheintervening
period;
Whereas,iftherefundsystemistooperatenormally,
refundsshouldbecalculatedonthefollowingbasis:
—inthecaseofcurrencieswhicharemaintainedin
relationtoeachother,atanygivenmoment,
withinabandof2-25%,arateofexchangebased
ontheireffectiveparity;
—forothercurrencies,anexchangeratebasedonthe
arithmeticmeanofthespotmarketratesofeach
ofthesecurrenciesrecordedforagivenperiod,in
relationtotheCommunitycurrenciesreferredto
intheprevioussubparagraph ;
Whereasitfollowsfromapplyingtheserulesand
criteriatothepresentsituationonthemarketinrice
andinparticulartoquotationsorpricesforriceand
brokenricewithintheCommunityandontheworld
market,thattherefundshouldbefixedasshownin
theAnnextothisRegulation ;
WhereasthemeasuresprovidedforinthisRegulation
areinaccordancewiththeopinionoftheManage­
mentCommitteeforCereals,THECOMMISSION OFTHEEUROPEAN
COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity ,
HavingregardtoCouncilRegulation (EEC)No
1418/76of21June1976onthecommonorganiza­
tionofthemarketinrice('),andinparticularthefirst
sentenceofthefourthsubparagraph ofArticle17(2)
thereof,
HavingregardtotheopinionoftheMonetary
Committee ,
WhereasArticle17ofRegulation(EEC)No1418/76
providesthatthedifferencebetweenquotationsor
pricesontheworldmarketfortheproductslistedin
Article1ofthatRegulationandpricesforthose
productswithintheCommunitymaybecoveredby
anexportrefund;
WhereasArticle2ofCouncilRegulation (EEC)No
1431/76of21June1976layingdowngeneralrules
forgrantingexportrefundsonriceandcriteriafor
fixingtheamountofsuchrefunds(2),providesthat
whenrefundsarebeingfixedaccountmustbetaken
oftheexistingsituationandthefuturetrendwith
regardtopricesandavailabilitiesofriceandbroken
riceontheCommunitymarketontheonehandand
pricesforriceandbrokenriceontheworldmarket
ontheother;whereasthesameArticleprovidesthat
itisalsoimportanttoensureequilibriumandthe
naturaldevelopment ofpricesandtradeontherice
marketand,furthermore ,totakeintoaccountthe
economicaspectoftheproposedexportsandtheneed
toavoiddisturbanceoftheCommunitymarket;
WhereasRegulation (EEC)No1361/76(3)laysdown
themaximumpercentageofbrokenriceallowedin
riceforwhichanexportrefundisfixedandspecifies
thepercentagebywhichthatrefundistobereduced
wheretheproportionofbrokenriceintherice
exportedexceedsthatmaximum ;
WhereasArticle3ofRegulation (EEC)No1431/76
definesthespecificcriteriatobetakenintoaccount
whentheexportrefundonriceandbrokenriceis
beingcalculated;HASADOPTEDTHISREGULATION :
Article1
TherefundsontheproductslistedinArticle1of
Regulation(EEC)No1418/76withtheexceptionof
thoselistedinparagraph 1(c)ofthatArticle,exported
inthenaturalstate,areherebyfixedasshowninthe
AnnextothisRegulation .
Article2
(>)OJNoL166,25.6.1976,p.1.
(2)OJNoL166,25.6.1976,p.36.
(3)OJNoL154,15.6.1976,p.11.ThisRegulationshallenterintoforceon4March
1977.

OfficialJournaloftheEuropeanCommunitiesNoL59/11
4.3.77
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,3March1977.
FortheCommission
FinnGUNDELACH
Vice-President
ANNEX
totheCommission Regulationof3March1977fixingtheexportrefundsonriceand
brokenrice
(u.a./tonne)
CCT
heading
NoDescriptionofgoodsAmountof
refund
10.06 Rice:
A.Paddyrice;huskedrice:
II.Huskedrice:
a)Roundgrain
forexportto:
—Austria,SwitzerlandandLiechtenstein 6000
—Otherthirdcountries —
b)Longgrain
forexportto:
—Austria,SwitzerlandandLiechtenstein 70.00
—Otherthirdcountries —
B.Semi-milledorwhollymilledrice:
I.Semi-milled rice:
a)Roundgrain—
b)Longgrain—
II.Whollymilledrice:
a)Roundgrain 8500
b)Longgrain
forexportto:
—Austria,SwitzerlandandLiechtenstein 7500
—Otherthirdcountries 12000
C.Brokenrice 2500
NB:ThezonesarethosedefinedinRegulation (EEC)No306/76(OJNoL38,13.2.1976).