CELEX: 31976R1616
Language: en
Date: 1976-07-03 00:00:00
Title: Commission Regulation (EEC) No 1616/76 of 2 July 1976 determining the world market price for colza and rape seed

No L 178 /40                             Official Journal of the European Communities                               3 . 7. 76
                                     COMMISSION REGULATION (EEC) No 1616/76
                                                           of 2 July 1976
                             determining the world market price for colza and rape seed
 THE COMMISSION OF THE EUROPEAN                                       of 30 June 1976 fixing the amount: of the subsidy on
 COMMUNITIES,                                                         oil seeds (7) ;
 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
 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
 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 1571 /76                  This Regulation shall enter into force on 5 July 1976.
                This Regulation shall be binding in its entirety and directly applicable in all Member
                States.
                Done at Brussels, 2 July 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 .
(o) OJ   No  L 66, 13 . 3 . 1975, p. 11 .                            (7) OJ No L 172, 1 . 7. 1976, p. 46.
 ---pagebreak--- 3 . 7. 76                                Official Journal of the European Communities                                                          No L 178/41
                                                                       ANNEX
          World market price applicable from 5 July 1976 for colza and rape seed (CCT heading No
                                                                       ex 12.01 )
                                                                                                                                 u.a/100 kgf1)
          World        market price                                                                                                 20-444
          World        market price where the subsidy is fixed in advance :
          — for        the month of July 1976                                                                                       20-444
          — for        the month of August 1976                                                                                     20-847
          — for        the month of September 1976                                                                                  20-928
          — for the month of October 1976                                                                                           21-008
          — for the month of November 1976                                                                                          21-089
          — for the month of December 1976                                                                                          21-089
          (') 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         5-86331
              1  u.a .  -  Dkr        7-57828
              1  u.a .  -    £        0-697015
              1  u.a .  =  I£         0-697015
              1  u.a .  =  Lit      1044-25