NoL90/6 OfficialJournaloftheEuropeanCommunities 6.4.73
REGULATION (EEC)No922/73OFTHECOMMISSION
of5April1973
fixingthecorrectiveamountapplicabletotherefundoncereals
THECOMMISSION OFTHEEUROPEAN
COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuro­
peanEconomicComunity ;
HavingregardtoCouncilRegulationNo
120/67/EEC(1)of13June1967onthecommon
organizationofthemarketincereals,aslastamen­
dedbytheAct(2)annexedtotheTreaty(3)onthe
AccessionofnewMemberStatestotheEuropean
EconomicCommunityandtheEuropeanAtomic
EnergyCommunity,signedatBrusselson22January
1972,andinparticularthethirdsentenceofthefirst
subparagraphofArticle16(4)thereof;
HavingregardtotheOpinionoftheMonetary
Committee ;
"WhereasArticle16(4)ofRegulationNo120/67/
EECprovidesthattheexportrefundappli­
cabletocerealsonthedayonwhichapplication
foranexportlicenceismade,adjustedforthe
thresholdpriceinforceduringthemonthofex­
portationmustbeappliedonrequesttoexportsto
beeffectedduringtheperiodofvalidityoftheex­
portlicence;whereas,inthiscase,acorrective
amountmustbeappliedtotherefund;
WhereasRegulationNo633/67/EEC(4),aslast
amendedbyRegulation (EEC)No1461/72(5),lays
downdetailedrulesfortheadvancefixingofthe
exportrefundoncereals;
WhereasthatRegulationprovidesthattherefund
applicableonthedayonwhichapplicationfora
exportlicenceismademustwhentherefundis
fixedinadvance,bereducedbynotmorethatthe
differencebetweenthecifforwarddeliveryprice
andthecifpricewheretheformerexceedsthe
latterbymorethanoneunitofaccountpermetric
ton;whereas,ontheotherhand,therefundmust
beincreasedbynotmorethanthedifferencebe­
tweenthecifpriceandthecifforwarddelivery
pricewheretheformerexceedsthelatterbymore
thanoneunitofaccountpermetricton;Whereasthecifpriceisthatdeterminedinac­
cordancewithArticle13ofRegulationNo
120/67/EEC;whereasthecifforwarddelivery
priceisthatdeterminedinaccordancewithArticle
3O)ofRegulationNo140/67/EEC(6),asamended
byRegulation (EEC)No2435/70(7),based,inres­
pectofeachmonthforwhichtheexportlicenceis
valid,onthecifpricecalculatedonthebasisof
offersforshipmentduringthemonthofexport­
ation;
Whereasthecorrectiveamountsofixedwillbeal­
teredifapplicationofthecalculationprocedure
describedaboveentailsachangeinthatamountof
morethan0-125unitofaccount;
WhereashoweverArticle2ofRegulationNo
633/67/EECprovidesthatthecorrectiveamount
applicabletotheamountoftherefundfixedin
advanceonexportstobeeffectedafterthethird
monthfollowingthatduringwhichthelicencewas
issuedshouldbefixedonthebasisofforeseable
markettrends;whereastothisendaccountshould
betakenofavailabilities andforeseeabletrendson
theCommunitymarketandofforwardtrendson
theworldmarket,inparticularonthosemarkets
whosespecificrequirementshavemadeitnecessary
tovarytherefund;
Whereas,iftherefundsystemistooperatenormally,
refundsshouldbecalculatedonthebasisofan
exchangeratewhichisbased,inthecaseofcurrencies
whicharefloatingorwhosecentralratediffersfrom
theofficialparity,ontheeffectiverateorthe
centralrateofthesecurrenciesand,inthecaseof
theUSdollar,onthechangeinparityannounced
on13February1973;
Whereasitfollowsfromapplyingallthesepro­
visionsthatthecorrectiveamountmustbefixedas
shownintheTableannexedtothisRegulation ;
WhereasthemeasuresprovidedforinthisRegula­
tionareinaccordancewiththeOpinionofthe
ManagementCommitteeforCereals;
(*)OJNo117,19.6.1967,p.2269/67.
(2)OJNoL73,27.3.1972,p.14.
(')OJNoL73,27.3.1972,p.5.
(4)OJNo233,28.9.1967,p.9.
(6)OJNoL155,11.7.1972,p.35. (7)OJNoL262,3.12.1970,p.3.(•)OJNo125,26.6.1967,p.2456/67.

6.4.73 OfficialJournalof(heEuropeanCommunities NoL90/7
HASADOPTEDTHISREGULATION : cerealsisherebyfixedasshownintheTablean­
nexedtothisRegulation.
Article1
Article2
ThecorrectiveamountreferredtoinArticle16(4)
ofRegulationNo120/67/EECwhichisapplicable
toexportrefundsfixedinadvanceinrespectofThisRegulationshallenterintoforceon6April
1973.
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,5April1973.
FortheCommission
P.J.LARDINOIS
MemberoftheCommission
ANNEX
totheCommissionRegulationof5April1973fixingthecorrectiveamountapplicable
totherefundoncereals
(u.a./ton/
CCT
heading
NoDescriptionofgoodsCurrent
41st
period
52nd
period
63rd
period
74th
period
85th
period
96th
period
10
10.01A
10.01B
10.02
10.03
10.04
10.05B
10.07CCommonwheat,andmes­
lin
Durumwheat
Rye
Barley
Oats
Maizeotherthanhybrid
maizeforsowing
Grainsorghum