CELEX: 31979R2416
Language: en
Date: 1979-11-01 00:00:00
Title: Commission Regulation (EEC) No 2416/79 of 31 October 1979 fixing the world marked price for colza and rape seed

1 . 11 . 79                              Official Journal of the European Communities                         No L 275/47
                                      COMMISSION REGULATION (EEC) No 2416/79
                                                        of 31 October 1979
                                   fixing the world market price for colza and rape seed
 THE COMMISSION OF THE EUROPEAN                                     of 31 October 1979 fixing the amount of the subsidy
 COMMUNITIES,                                                       on oil seeds (7) ;
 Having regard to the Treaty establishing the European              Whereas, if the price system is to operate normally,
 Economic Community,                                                the world market price should be calculated on the
                                                                    following basis :
 Having regard to Council Regulation No 136/66/EEC
                                                                    — in the case of currencies which are maintained in /
 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 within
 fats ('), as last amended by Regulation (EEC) No                        a band of 2-25 % , a rate of exchange based on
 590/79 (2),                                                             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 852/78 (4),                                      in the previous indent ;
 Having regard to Commission Regulation (EEC) No                    Whereas it follows from applying these provisions
 2300/73 of 23 August 1973 laying down detailed                     that the world market price for colza and rape seed
 rules for applying differential amounts for colza and              should be as set out in the Annex hereto,
 rape seed and repealing Regulation (EEC) No
 1464/73 (5), as last amended by Regulation (EEC) No
                                                                    HAS ADOPTED THIS REGULATION :
 1 234/77 (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 shall be as set out in
 No 2300/73, the Commission must determine the                      the Annex hereto .
world market price for colza and rape seed ;
                                                                                              Article 2
Whereas the world market price should be deter­
 mined in accordance with the rules and the criteria                This Regulation shall enter into force on 1 November
set out in Commission Regulation (EEC) No 2415/79                    1979 .
               This Regulation shall be binding in its entirety and directly applicable in all Member
                States .
                Done at Brussels, 31 October 1979 .
                                                                               For the Commission
                                                                                Finn GUNDELACH
                                                                                   Vice-President
(»)  OJ   No 172, 30. 9 . 1966, p . 3025/ 66.
(2)  OJ   No L 78 , 30 . 3 . 1979, p. 1 .
(3 ) OJ   No L 167, 25 . 7. 1972, p. 9 .
(<)  OJ   No L 116, 28 . 4. 1978 , p. 6.
(»)  OJ   No L 236, 24. 8 . 1973, p. 28 .
(*)  OJ   No L 143, 10 . 6. 1977, p. 9 .                            (7) See page 43 of this Official Journal .
 ---pagebreak--- No L 275/48                                 Official Journal of the European Communities                                                            1 . 11 . 79
                                                                        ANNEX
                to the Commission Regulation of 31 October 1979 fixing the world market price for colza
                                                                    and rape seed
                                                                                                                                       (ECU / 100 kg) (')
            CCT
           heading                                   Description                                                    World market price
             No
     ex 1 2.0 1         Colza and rape seed                                                                               20.933
                                                                                                                                       (ECU/ 100 kg)(')
                                                                                            World market price where the subsidy
            CCT                                                                              is fixed in advance for the month of
           heading                       Description
             No                                                        November      December         January      February      March        April
                                                                         1979           1979            1980         1980         1980         1980
    ex 1 2.0 1          Colza and rape seed                            20.933        20.933          21-328        21.328      21.328       21.939
    ( l) The conversion rates from ECU into national currency as foreseen by Article 9 (5) (a) of Regulation (EEC) No 2300/73 are the following :
         1 ECU - DM              2.48557
         1 ECU = Fl              2.74748
         1 ECU - Bfr/ Lfr       39.8456
         1 ECU - FF              5.85522
         1 ECU = Dkr             7.36594
         1 ECU - I £             0.669141
         1 ECU - £               0.648799
         1 ECU = Lit         1 145.13