CELEX: 31976R1260
Language: en
Date: 1976-05-31 00:00:00
Title: Commission Regulation (EEC) No 1260/76 of 26 May 1976 determining the world market price for colza and rape seed

31.5.76                                    Official Journal of the European Communities                            No L 142/27
                                       COMMISSION REGULATION (EEC) No 1260/76
                                                           of 26 May 1976
                                  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,                                                          1206/76 (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                            relation to each other, at any given moment,
of a common organization of the markets in oils and                         within a band of 2-25 % , a rate of exchange based
fats (*), as last amended by Regulation (EEC ) No                           on their effective parity ;
1707/73 (2),
                                                                      — 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,
                                                                                                    Article 1
Having regard to the opinion of the Monetary
Committee,                                                            The world market price referred to in Article 9 (4) of
Whereas, pursuant to Article 9 (4) of Regulation                      Regulation (EEC) No 2300/73 and the rates to be used
(EEC ) No 2300/73 , the Commission must determine                     for converting them into national currencies shall be
the 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 925 /76                     This Regulation shall enter into force on 31 May
of 22 April 1976 fixing the amount of the subsidy on                  1976 .
               This Regulation shall be binding in its entirety and direatly applicable in all Member
               States .
               Done at Brussels, 26 May 1976.
                                                                                          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 357, 28 . 12 . 1973 , p. 6.
 (5) OJ No  L 236, 24. 8. 1973, p . 28.                               ( 7 ) OJ No L 106, 23 . 4. 1976, p. 18 .
(6)  OJ No  L 66, 13 . 3 . 1975, p. 11 .                              (8) OJ No L 133, 22 . 5 . 1976, p . 33 .
 ---pagebreak--- No L 142/28                             Official Journal of the European Communities                                                31.5.76
                                                                ANNEX
            World market price applicable from 31 May 1976 for colza and rape seed (CCT heading
                                                              No ex 12.01)
                                                                                                                   u.a. /100 kg (')
            World market price                                                                                         18-781
            World market price where the subsidy is fixed in advance:
            — for the month of May 1976                                                                                18-781
            — for the month of June 1976                                                                               18-781
            — for the month of July 1976                                                                               18-542
            — for the month of August 1976                                                                             19-020
            — for the month of September 1976                                                                          19-020
            — for the month of October 1976                                                                            19-020
            (*) 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 . = Fl              3-35507
                1 u.a . = Bfr/Lfr        48-6572
                1 u.a . = FF              5-86331
                1 u.a . = Dkr             7-57828
                1 u.a . =   £             0-687347
                1 u.a . = I £             0-687347
                1 u.a . = Lit         1 042-20