NoL240/44 OfficialJournaloftheEuropeanCommunities1.9.78
COMMISSION REGULATION (EEC)No2076/78
of31August1978
fixingtheexportrefundsonmalt
Whereasitfollowsfromapplyingtheserulesand
criteriatothepresentsituationonthemarketin
productsprocessedfromcerealsandricethatthe
exportrefundshouldbefixedatanamountwhich
willcoverthedifferencebetweenCommunityprices
andworldmarketprices;
"Whereastheworldmarketsituationorthespecific
requirements ofcertainmarketsmaymakeitneces­
sarytovarytherefundforcertainproductsaccording
todestination ;
Whereas,iftherefundsystemistooperatenormally,
refundsshouldbecalculatedonthefollowingbasis:
—inthecaseofcurrencieswhicharemaintainedin
relationtoeachotheratanygivenmomentwithin
abandof2-25%,arateofexchangebasedon
theireffectiveparity;
—forothercurrencies,anexchangeratebasedonthe
arithmeticmeanofthespotmarketratesofeach
ofthesecurrenciesrecordedforagivenperiodin
relationtotheCommunitycurrenciesreferredto
intheprevioussubparagraph ;
Whereastherefundmustbefixedonceamonth;
whereasitmaybealteredintheinterveningperiod;
WhereasthemeasuresprovidedforinthisRegulation
areinaccordancewiththeopinionoftheManage­
mentCommitteeforCereals,THECOMMISSION OFTHEEUROPEAN
COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity ,
HavingregardtoCouncilRegulation (EEC)No
2727/75of29October1975onthecommonorganiza­
tionofthemarketincereals('),aslastamendedby
Regulation (EEC)No1254/78(2),andinparticularthe
fourthsubparagraph ofArticle16(2)thereof;
HavingregardtotheopinionoftheMonetary
Committee ,
WhereasArticle16ofRegulation(EEC)No2727/75
providesthatthedifferencebetweenquotationsor
pricesontheworldmarketfortheproductslistedin
Article1ofthoseRegulationsandpricesforthose
productswithintheCommunitymaybecoveredby
anexportrefund;
WhereasArticle2ofCouncilRegulation (EEC)No
2746/75of29October1975layingdowngeneral
rulesforgrantingexportrefundsoncerealsand
criteriaforfixingtheamountofsuchrefunds(3),
providesthatwhenrefundsarebeingfixedaccount
mustbetakenoftheexistingsituationandthefuture
trendwithregardtopricesandavailabilitiesofcereals
ontheCommunitymarketontheonehandand
pricesforcerealsontheworldmarketontheother;
whereasthesameArticleprovidesthatitisalsoimpor­
tanttoensureequilibriumandthenaturaldevelop­
mentofpricesandtradeonthemarketsincereals
and,furthermore ,totakeintoaccounttheeconomic
aspectoftheproposedexports,andtheneedtoavoid
disturbancesontheCommunitymarket;
WhereasCouncilRegulation(EEC)No2744/75of29
October1975ontheimportandexportsystemfor
productsprocessedfromcerealsandfromrice(4),as
lastamendedbyRegulation (EEC)No1603/78(5),
definesthespecificcriteriatobetakenintoaccount
whentherefundontheseproductsisbeingcalcu­
lated;HASADOPTED THISREGULATION :
Article1
TheexportrefundsonmaltlistedinArticle1(d)of
Regulation (EEC)No2727/75subjecttoRegulation
(EEC)No2744/75areherebyfixedasshowninthe
AnnextothisRegulation .
Article2
ThisRegulationshallenterintoforceon1September
1978.(•)OJNoL281,1.11.1975,p.1.
(2)OJNoL156,14.6.1978,p.1.
(3)OJNoL281,1.11.1975,p.78.
(4)OJNoL281,1.11.1975,p.65.
(5OJNoL188,11.7.1978,p.1.

1.9.78 OfficialJournaloftheEuropeanCommunities NoL240/45
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,31August1978.
FortheCommission
FinnGUNDELACH
Vice-President
ANNEX
totheCommissionRegulationof31August1978fixingtheexportrefundsonmalt
(u.a./tonne)
CCTheadingNo Refund
11.07AIb) 66.50
11.07AIIb) 95.83
11.07B 111.68