13.1.77 OfficialJournaloftheEuropeanCommunities NoL10/25
COMMISSION REGULATION (EEC)No54/77
of12January1977
determining theworldmarketpriceforcolzaandrapeseed
THECOMMISSION OFTHEEUROPEAN »
COMMUNITIES ,oilseeds(7),aslastamendedbyRegulation (EEC)No
53/77(8);
Whereas toenablethepricesystemtooperate
normally ,theworldmarketpriceshouldbecalculated
onthefollowingbasis:
—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 ,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),aslastamendedbyRegulation (EEC)No
632/75(6),andinparticularArticle9(4)thereof,
HavingregardtotheopinionoftheMonetary
Committee ,
Whereas,pursuanttoArticle9(4)ofRegulation (EEC)
No2300/73,theCommission mustdetermine the
worldmarketpriceforcolzaandrapeseed;
Whereastheworldmarketpriceshouldbedeter­
minedinaccordance withtherulesandthecriteria
setoutinCommission Regulation (EEC)No1713/76
of15July1976fixingtheamountofthesubsidyonHASADOPTED THISREGULATION :
Article 1
TheworldmarketpricereferredtoinArticle9(4)of
Regulation (EEC)No2300/73andtheratestobeused
forconverting themintonationalcurrencies shallbe
asshowninthetableannexedtothisRegulation .
Article2
ThisRegulation shallenterintoforceon13January
1977.
ThisRegulation shallbebindinginitsentiretyanddirectlyapplicable inallMember
States.
DoneatBrussels,12January1977.
FortheCommission
FinnGUNDELACH
Vice-President
(>)OJNo172,30.9.1966,p.3025/66.
(2)OJNoL175,29.6.1973,p.5.
P)OJNoL167,25.7.1972,p.9.
(4)OJNoL357,28.12.1973,p.6.
(5)OJ.NoL236,24.8.1973,p.28.
(b)OJNoL66,13.3.1975,p.11.(7)OJNoL192,16.7.1976,p.17.
(8)Seepage23ofthisOfficialJournal .

NoL10/26 OfficialJournaloftheEuropeanCommunities 13.1.77
ANNEX
Worldmarketpriceapplicable from13January1977forcolzaandrapeseed(CCTheading
Noex12.01)
u.a./100kg(')
Worldmarketprice 20-549
Worldmarketpricewherethesubsidyisfixedinadvance :
—forthemonthofJanuary1977 20-549
—forthemonthofFebruary1977 20-549
—forthemonthofMarch1977 20-549
—forthemonthofApril1977 20-402
—forthemonthofMay1977 20-402
—forthemonthofJune1977 20-402
(J)Theconversion ratesfromunitsofaccountintonationalcurrencyasforeseenbyArticle9(5)(a)ofRegulation (EEC)No2300/73
arethefollowing :
1u.a.—DM 315665
1u.a.—Fl 3-35507
1u.a.—Bfr/Lfr48-6572
1u.a.=FF 6-69985
1u.a.—Dkr 7-89407
1u.a.—£ 0-797200
1u.a.—I£ 0-797200
1u.a.=Lit 1188-31