CELEX: 31978R1540
Language: en
Date: 1978-07-04 00:00:00
Title: Commission Regulation (EEC) No 1540/78 of 3 July 1978 fixing the world market price for colza and rape seed

4. 7 . 78                                    Official Journal of the European Communities                         No L 181 /9
                                         COMMISSION REGULATION (EEC) No 1540/78
                                                               of 3 July 1978
                                    fixing the world market price for colza and rape seed
 rHE 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 within
 Having regard to Council Regulation No 136/                                 a band of 2-25 % , a rate of exchange based on
 66/EEC of 22 September 1966 on the establishment                            their effective parity ;
 of a common organization of the markets in oils and
 fats (1 ), as last amended by Regulation (EEC) No                       — for other currencies, an exchange rate based on the
 1419/78 (2),                                                                arithmetic mean of the spot market rates of each
                                                                             of these currencies recorded for a given period in
 Having regard to Council Regulation (EEC) No                                relation to the Community currencies referred to
 1569/72 of 20 July 1972 laying down special                                 in the previous subparagraph ;
 measures for colza and rape seed (3), as last amended
 by Regulation (EEC) No 852/78 (4),                                      Whereas, applying all these provisions, the world
                                                                         market price for colza and rape seed should be fixed
 Having regard to Commission Regulation (EEC) No                         as shown in the table annexed to this Regulation,
 2300/73 of 23 August 1973 laying down detailed
 rules for applying differential amounts for colza and
 rape seed and repealing Regulation (EEC) No                             HAS ADOPTED THIS REGULATION :
 1464/73 (5), as last amended by Regulation (EEC) No
 1 234/77 (6), and in particular Article 9(4) thereof,
                                                                                                  Article 1
 Having regard to the opinion of the Monetary
Committee ,                                                              The world market price referred to in Article 9 (4) of
                                                                         Regulation (EEC) No 2300/73 and the rates to be used
 Whereas, pursuant to Article 9 (4) of Regulation (EEC)                  for converting them into national currencies shall be
 No 2300/73, the Commission must determine the
                                                                         as shown in the table annexed to this Regulation .
world market price for colza and rape seed ;
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 1500/78                        This Regulation shall enter into force on 4 July 1978 .
of 30 June 1978 fixing the amount of the subsidy on
oil seeds (7) ;                                                          It shall be applicable as from 3 July 1978 .
                 This Regulation shall be binding in its entirety and directly applicable in all Member
                 States .
                 Done at Brussels, 3 July 1978 .
                                                                                   For the Commission
                                                                                    Finn GUNDELACH
                                                                                       Vice-President
(M  OJ     No 172, 30 . 9 . 1966, p. 3025/66 .
0   OJ     No L 303 , 28 . 11 . 1977, p. 1 .
(3) OJ     No L 167, 25 . 7 . 1972, p . 9 .
(4) OJ     No L 116, 28 . 4. 1978, p. 6.
(5) OJ     No L 236, 24. 8 . 1973, p. 28 .
(*) OJ     No L 143, 10 . 6. 1977, p. 9 .
(7  OJ     No L 178 , 1 . 7 . 1978 , p . 32 .
 ---pagebreak--- No L 181 / 10                                Official Journal of the European Communities                                                           4. 7. 78
                                                                         ANNEX
            World market price applicable from 3 July 1978 for colza and rape seed (CCT heading No
                                                                         ex 12.01 )
                                                                                                                                   u.a. /100 kg (•)
            World        market price                                                                                                 20.455
            World        market price where the subsidy is fixed in advance :
            — for        the month of July 1978                                                                                       20-455
            — for        the month of August 1978                                                                                     20-123
            — for        the month of September 1978                                                                                  19-955
            — for the month of October 1978                                                                                           16-931
            — for the month of November 1978                                                                                          16.931
            — for the month of December 1978                                                                                          16-931
            (') 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             3.1 5665
                1 u.a . = Fl             3.35507
                1 u.a . = Bfr/ Lfr      48.6572
                1 u.a . = FF             6.89360
                1  u.a . =  Dkr          8-56656
                1  u.a . —  £            0.820513
                1  u.a . «• I £          0.820513
                1  u.a . =  Lit      1 300.00