CELEX: 31977R0461
Language: en
Date: 1977-03-05 00:00:00
Title: Commission Regulation (EEC) No 461/77 of 4 March 1977 determining the world market price for colza and rape seed

No L 60 / 12                               Official Journal of the European Communities                              5 . 3 . 77
                                      COMMISSION REGULATION ( EEC) No 461 /77
                                                           of 4 March 1977
                             determining the world market price for colza and rape seed
 THE COMMISSION OF THE EUROPEAN                                        oil seeds (7), as last amended by Regulation (EEC) No
 COMMUNITIES,                                                          460/77 (8) ;
 Having regard to the Treaty establishing the European                 Whereas to enable the price system to operate
 Economic Community,                                                   normally, the world market price should be calculated
                                                                       on the following basis :
 Having regard to Council Regulation No 136/
                                                                       — in the case of currencies which are maintained in
 66/ EEC of 22 September 1966 on the establishment
 of a common organization of the markets in oils and                       relation to each other, at any given moment,
 fats ('), as last amended by Regulation (EEC) No                          within a band of 2-25 % , a rate of exchange based
 1 707/73 (2),                                                             on their effective parity ;
                                                                       — for other currencies an exchange rate based on the
 Having regard to Council Regulation (EEC) No                              arithmetic mean of the spot market rates of each
 1569/72 of 20 July 1972 laying down special                               of these currencies recorded for a given period, in
 measures for colza and rape seed (3), as last amended                     relation to the Community currencies referred to
 by Regulation (EEC) No 3477/73 (4),                                       in the previous subparagraph ;
 Having regard to Commission Regulation (EEC) No                       Whereas, applying all these provisions, the world
 2300/73 of 23 August 1973 laying down detailed                        market price for colza and rape seed should be fixed
 rules for applying differential amounts for colza and                 as shown in the table annexed to this Regulation,
 rape seed and repealing Regulation (EEC) No
 1464/73 (5), as last amended by Regulation (EEC) No
                                                                       HAS ADOPTED THIS REGULATION :
 632/75 (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                                                 Article 2
mined in accordance with the rules and the criteria
set out in Commission Regulation (EEC) No 1713/76                     This Regulation shall enter into force on 7 March
of 15 July 1976 fixing the amount of the subsidy on                    1977 .
                This Regulation shall be binding in its entirety and directly applicable in all Member
                States .
                Done at Brussels, 4 March 1977.
                                                                                 For the Commission
                                                                                  Finn GUNDELACH
                                                                                      Vice-President
(')  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 357, 28 . 12. 1973, p. 6.
(5)  OJ   No L 236, 24. 8 . 1973, p. 28 .                             (7) OJ No L 192, 16. 7. 1976, p. 17.
(6)  OJ   No L 66, 13 . 3 . 1975 , p. 1 1 .                           (8) See page 10 of this Official Journal .
 ---pagebreak--- 5 . 3 . 77                                    Official Journal of the European Communities                                                             No L 60/ 13
                                                                          ANNEX
           World market price applicable from 7 March 1977 for colza and rape seed (CCT heading
                                                                       No ex 12.01 )
                                                                                                                                      u.a./100 k V (!)
           World market price                                                                                                            24-651
           World market price where the subsidy is fixed in advance :
           — for the month of March 1977                                                                                                 24-651
           —        for     the month    of  April 1977                                                                                  24-651
           —        for     the month    of  May 1977                                                                                    24-651
           —        for     the month    of  June 1977                                                                                   24-727
           —        for    -the month    of  July 1977                                                                                   24-727
           —        for     the month    of  August 1977                                                                                 24-727
           ( l ) The conversion rates from units of account into national currency as foreseen by Article 9 ( 5) (a) of Regulation ( EEC) No 2.500/73
                 are the following :
                 1 u.a . *      DM           3-15665
                  1 u.a . —     Fl           3-35507
                  1  u.a .   =  Bfr/ Lfr    48-6572
                  1  u.a .   «  FF           6-63174
                  1  u.a .      Dkr          7-89407
                  1  u.a .   —    £          0-775723
                  1 u.a .    —  1 £          0-775723
                  1  u.a . -*   Lit      1 168-98