CELEX: 31975R2988
Language: en
Date: 1975-11-15 00:00:00
Title: Regulation (EEC) No 2988/75 of the Commission of 14 November 1975 determining the world market price for colza and rape seed

15 . 11 . 75                             Official Journal of the European Communities                          No L 296/ 13
                              REGULATION (EEC) No 2988/75 OF THE COMMISSION
                                                      of 14 November 1975
                             determining the world market price for colza and rape seed
THE COMMISSION OF THE EUROPEAN                                      the subsidy on oil seeds, as last amended by Regula­
COMMUNITIES,                                                        tion (EEC) No 2987/75 («) ;
 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 (1) of 22 September 1966 on the establish­
ment of a common organization of the markets in oils                    relation to each other, at any given moment,
and fats, as last amended by Regulation (EEC) No                        within a band of 2-25 % , a rate of exchange based
 1707/73 (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
 1 569/72 (3) of 20 July 1972 laying down special                       of these currencies recorded for a given period, in
measures for colza and rape seed, as last amended by                    relation to the Community currencies referred to
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 (5) 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, 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                          This Regulation shall enter into force on             17
2651 /75 (7) of 17 October 1975 fixing the amount of                November 1975 .
                This Regulation shall be binding in its entirety and directly applicable in all Member
                States .
                Done at Brussels, 14 November 1975 .
                                                                              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 .
(')  OJ No  L 66, 13 . 3 . 1975, p. 11 .
( 7) OJ No  L 269, 18 . 10 . 1975, p . 37.                         (8) See page 1 1 of this Official Journal .
 ---pagebreak--- No L 296/ 14                                Official Journal of the European Communities                                                            15. 11 . 75
                                                                          ANNEX
             World market price applicable from 17 November 1975 for colza and rape seed (CCT
                                                                heading No ex 12.01 )
                                                                                                                                    u.a. /100 kgf1)
             World market price                                                                                                        17-235
             World market price where the subsidy is fixed in advance :
             — for the month of November 1975                                                                                          17-235
             — for the month of December 1975                                                                                          17-472
             — for the month of January 1976                                                                                           17-709
             — for the month of February 1976                                                                                          17-946
             — for the month of March 1976                                                                                             18-182
             — for the month of April 1976                                                                                             18-182
             (') 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 uA. -     Dkr        7-57828
                  1 u.a. -      £        0-61332
                  1 u.a. -    I£         0-61332
                  1 u.a. -    Lit      854-314