CELEX: 31973R3118
Language: en
Date: 1973-11-17 00:00:00
Title: Regulation (EEC) No 3118/73 of the Commission of 16 November 1973 determining the world market price for colza and rape seed

No L 316/24                               Official Journal of the European Communities                            17. 11 . 73
                              REGULATION (EEC) No 3118/73 OF THE COMMISSION
                                                       of 16 November 1973
                             determining the world market price for colza and rape seed
THE COMMISSION OF THE EUROPEAN                                       Whereas to enable the price system to operate
COMMUNITIES,                                                         normally, the world market price should be calculated
                                                                     on the following basis :
Having regard to the Treaty establishing the European
Economic Community ;                                                 — in the case of currencies which are maintained in
                                                                         relation to each other, at any given moment,
Having regard to Council Regulation No 136/                              within a band of 2-25 % , a rate of exchange based
66/EEC (1) of 22 September 1966 on the establish­                        on their effective parity ;
ment of a common organization of the markets in oils
and fats, as last amended by Regulation (EEC) No                     — for other currencies an exchange rate based on the
1707/73 (2) ;                                                            arithmetic mean of the spot market rates of each
Having regard to Council Regulation (EEC) No                             of these currencies recorded for a given period, in
1569/72 (3) of 20 July 1972 laying down special                          relation to the Community currencies referred to
measures for colza and rape seed, as last amended by                     in the previous subparagraph ;
Regulation (EEC) No 1356/73 (4) ;                                    Whereas, applying all these provisions, the world
Having regard to Commission Regulation (EEC) No                      market price for colza and rape seed should be fixed
2300/73 (5) of 23 August 1973 laying down detailed                   as shown in the Table annexed to this Regulation,
rules for applying differential amounts for colza and
rape seed and repealing Regulation (EEC) No
1464/73, as amended by Regulation (EEC) No                           HAS ADOPTED THIS REGULATION :
2588/73 (6), and in particular Article 9 (4) thereof ;
Having regard to the Opinion of the Monetary                                                 Article 1
Committee ;
                                                                     The world market price referred to in Article 9 (4) of
Whereas, pursuant to Article 9 (4) of Regulation (EEC)               Regulation (EEC) No 2300/73 and the rates to be used
No 2300/73 , the Commission must determine the                       for converting them into national currencies shall be
world market price for colza and rape seed ;                         as shown in the Table annexed to this Regulation.
Whereas the world market price should be deter­
mined in accordance with the rules and the criteria                                          Article 2
set out in Commission Regulation (EEC) No
1898/73 (7) of 13 July 1973 fixing the amount of the                 This Regulation shall enter into force on              19
subsidy on oil seeds ;                                               November 1973 .
              This Regulation shall be binding in its entirety and directly applicable in all Member
              States.
              Done at Brussels, 16 November 1973 .
                                                                                For the Commission
                                                                                  P.J. LARDINOIS
                                                                           Member of the Commission
(') OJ No  172, 30 . 9 . 1966, p .  3025/66 .
(2) OJ No  L 175, 29 .   6 . 1973,  p . 5.
(3) OJ No  L 167, 25 .   7. 1972,   p. 9.
(4) OJ No  L 141 , 28 .  5. 1973 ,  p . 28 .
(5) OJ No  L 236, 24.    8 . 1973 , p . 28 .
(6) OJ No  L 268 , 25 .  9 . 1973 , p . 10 .
(7) OJ No  L 193 , 14.   7. 1973,   p . 28 .
 ---pagebreak--- 17. 11 . 73                              Official Journal of the European Communities                                    No L 316/25
                                                                ANNEX
            World market price applicable from 19 November 1973 for colza and rape seed (CCT ex 12.01 )
                                                                                                        u.a. /100 kg (l)
            World market price :                                                                           21-000
            World market price where the subsidy is fixed in advance :
            —■ for the month of November 1973 :                                                            21-000
            — for the month of December 1973 :                                                             21-000
            — for the month of January 1974 :                                                              21-040
            — for the month of February 1974 :                                                             22-425
            — for the month of March 1974 :                                                                22-425
            — for the month of April 1974 :                                                                20-169
            (l) The conversion rates from units of account into national currency as foreseen by Article 9 (5) (a ) of
                Regulation (EEC) No 2300/73 are the following :
                1 u.a . -=   DM         3-21978
                1 u.a . -    F1     '   3-35507
                1 u.a . -    Bfr/Lfr 48-6572
                1 u.a.  -    FF         5-55419
                1 u.a.  -    Dkr        7-57831
                1 u .«. -    £          0-525715
                1 u.a . -    Lit      743-135