NoL52/10 OfficialJournaloftheEuropeanCommunities 2.3.79
COMMISSION REGULATION (EEC)No428/79
of1March1979
fixingthecorrectiveamoiintapplicabletotherefundoncereals
THECOMMISSION OFTHEEUROPEAN
COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity ,
HavingregardtoCouncilRegulation (EEC)No
2727/75of29October1975onthecommonorgani­
zationofthemarketincereals(*),aslastamendedby
Regulation(EEC)No1254/78(2),andinparticularthe
thirdsentenceofthesecondsubparagraph ofArticle
16(4)thereof,
HavingregardtoCouncilRegulation (EEC)No
2746/75of29October1975layingdowngeneral
rulesforgrantingexportrefundsoncerealsand
criteriaforfixingtheamountofsuchrefunds(3),
HavingregardtotheopinionoftheMonetary
Committee,
WhereasArticle16(4)ofRegulation (EEC)No
2727/75providesthattheexportrefundapplicableto
cerealsonthedayonwhichapplicationforanexport
licenceismade,adjustedforthethresholdpricein
forceduringthemonthofexportation,mustbe
appliedonrequesttoexportstobeeffectedduringthe
periodofvalidityoftheexportlicence;whereas,in
thiscase,acorrectiveamountmustbeappliedtothe
refund;
WhereasCouncilRegulation(EEC)No2744/75of29
October1975ontheimportandexportsystemfor
productsprocessedfromcerealsandfromrice(4),as
lastamendedbyRegulation (EEC)No2245/78(5),
madepossiblethefixingofacorrectiveamountfor
certainproductslistedinArticle1(c)ofRegulation
(EEC)No2727/75;
WhereasRegulation(EEC)No1281/75(6)laiddown
detailedrulesfortheadvancefixingofexportrefunds
forcerealsandcertainproductsprocessedfrom
cereals;
Whereas,pursuanttothatRegulation,whenthecorrec­
tiveamountisbeingfixedaccountmustbetakenof
theexistingsituationandthefuturetrendwithregard
topricesandavailabilitiesofcerealsontheCommu­nitymarketontheonehandandpossibilitiesand
conditionsforthesaleofcerealsandcerealproducts
ontheworldmarketontheother;whereasthesame
Regulationprovidesthatitisalsoimportanttoensure
equilibriumandthenaturaldevelopment ofprices
andtradeoncerealmarketsand,furthermore ,totake
intoaccounttheeconomicaspectofexportsandthe
needtoavoiddisturbances ontheCommunity
market;
WhereasfortheproductslistedinArticle1(c)of
Regulation (EEC)No2727/75accountshouldbe
takenofthespecificcriterialaiddowninArticle2(2)
ofRegulation(EEC)No1281/75;
Whereastheworldmarketsituationorthespecific
requirements ofcertainmarketsmaymakeitneces­
sarytovarythecorrectiveamountaccordingtodesti­
nation;
Whereasthecorrectiveamountmustbefixedatthe
sametimeastherefundandaccordingtothesame
procedure;whereasitmaybealteredintheperiod
betweenfixings;
Whereasitmaybealteredintheperiodbetween
fixings;
Whereas,ifthesystemofcorrectiveamountsisto
operatenormally,correctiveamountsshouldbecalcu­
latedonthefollowingbasis:
—inthecaseofcurrencieswhicharemaintainedin
relationtoeachotheratanygivenmomentwithin
abandof2-25%,arateofexchangebasedon
theireffectiveparity;
—forothercurrencies,anexchangeratebasedonthe
arithmeticmeanofthespotmarketratesofeach
ofthesecurrenciesrecordedforagivenperiodin
relationtotheCommunitycurrenciesreferredto
intheprecedingindent;
Whereasitfollowsfromapplyingtheprovisionsset
outabovethatthecorrectiveamountmustbeasset
outintheAnnexhereto;
WhereasthemeasuresprovidedforinthisRegulation
areinaccordancewiththeopinionoftheManage­
mentCommitteeforCereals,>)OJNoL281,1.11.1975,p.1.
2)OJNoL156,14.6.1978,p.1.
»)OJNoL281,1.11.1975,p.78.
<)OJNoL281,1.11.1975,p.65.
s)OJNoL273,29.9.1978,p.1.
*)OJNoL131,22.5.1975,p.15.

2.3.79 OfficialJournaloftheEuropeanCommunities NoL52/11
HASADOPTEDTHISREGULATION :
Article1
ThecorrectiveamountreferredtoinArticle16(4)of
Regulation(EEC)No2727/75whichisapplicabletoexportrefundsfixedinadvanceinrespectofcereals
shallbeassetoutintheAnnexhereto.
Article2
ThisRegulationshallenterintoforceon2March
1979.
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,1March1979.
FortheCommission
FinnGUNDELACH
Vice-President
ANNEX
totheCommissionRegulationof1March1979fixingthecorrectiveamountapplicableto
therefundoncereals
(u.a./tonne)
CCT
heading
NoDescriptionCurrent
31st
period
42nd
period
53rd
period
64th
period
75th
period
86th
period
9
10.01A
10.01B
10.02
10.03
10.04
10.05B
10.07C
11.01A
11.01B
11.02AIa)
11.02Alb)Commonwheat,andmeslin
Durumwheat
Rye
Barley
Oats
Maizeotherthanhybridmaize
forsowing
Grainsorghum
Commonwheatflour
Ryeflour
Durumwheatgroatsandmeal
Commonwheatgroatsand
meal0
0
0
0
0
0
0
0
00
0
0
+1-50
0
0
0
0
00
0
0
+1-50
0
0
0
0
00
+1-50
0
0
0
0—10-00
—10-00
0
0
0
0——
N.B.ThezonesarethosedefinedinRegulation (EEC)No1124/77(OJNoL134,28.5.1977).