CELEX: 31977R0716
Language: en
Date: 1977-04-05 00:00:00
Title: Commission Regulation (EEC) No 716/77 of 4 April 1977 fixing the world market price for colza and rape seed

No L 87/ 20                                    Official Journal of the European Communities                                 5 . 4 . 77
                                           COMMISSION REGULATION ( EEC) No 716 / 77
                                                               of 4 April 1977
                                       fixing 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 ,                                                            715 / 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 ( 1 ), as last amended by Regulation ( EEC) No                             within a band of 2-2 S % , a rate of exchange based
I 707 / 73                                                                      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 (<),                                             in the previous subparagraph ;
Having regard to Commission Regulation ( EEC) No                          Whereas, applying all these provisions, the world
2300 / 7 } 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 ("), and in particular Article 9 (4) thereof,
Having regard to the opinion of the Monetary                                                              Ar/ iilc 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                                                           /1 rt i\ /i 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 5 April
of I S | n I v 1976 fixing the amount of the subsidy on                    1 977 .
                  This Regulation shall be binding in its entirety and directlv applicable in all Member
                 States .
                 Done at Brussels , 4 April 1977 .
                                                                                        l :or the
                                                                                          Finn GUN DF. l.ACH
                                                                                             I 'HC-I'K Mt /( III
  ') Ol No P2 . * 0 . 4 . IV66 , p. 302 V66 .
    ) O'l  No I. P\     29 . 6 . 1 9 7 V p. v
  •)  O'l  No I. UP ,   2v   7 , |v 72, p. V.
  •)  O'l  No L  IP,    2K . 12 . 197 }, p. 6 .
 -)   O'l  No I. 2Vv    24 . S. | 9"M , p. 2N .                           ( ) 0 | No 1 . 192 , 16 . 7 . 1976 , p. 1 7 .
 ") O | No 1 . (->(>, I v V I        \ p. II .                            ( s ) See page IS of this Official Journal .
 ---pagebreak--- 5 . 4 . 77                                   Official Journal of the European Communities                                                              No L 87 / 21
                                                                        ANNEX
           World market price applicable from 5 April 1977 for colza and rape seed ( CCT heading
                                                                     No ex 12.01 )
            world        market price                                                                                                  25-9.30
           World         market price where the subsidy is fixed in advance :
           — for         the month of April 1977                                                                                       25-9.30
           — for         the month of May 1977                                                                                         25-930
           — for         the month of June 1977                                                                                        25-855
           — for         the month of July 1977                                                                                        25-885
           — for         the month of August 1977                                                                                      2 5-200
           — for         the month of September 1977                                                                                   2.5-275
           (') The conversion rates from units of account into national currency as foremen !»\ Article v ( s ) (d) of Regulation ( EEC ) No 2100 / 71
                are the following :
                 I u.a .  =  DM             3.1 5665
               I   u.a .  =  Fl            /3.355077
               I   u.a .  =  Bfr / Lfr    48-6 S' 7 2
               I   u.a .  —  FF            6-6 M 74
               1   u.a .  =  Dkr           7.894077
               1   u.a .  =     i:         0-77 572 i
                             I 1'          0-7 ? 572 *
               I   u.a .  =  Lit       1 180-71