CELEX: 31973R1948
Language: en
Date: 1973-07-20 00:00:00
Title: Regulation (EEC) No 1948/73 of the Commission of 19 July 1973 fixing the corrective amount applicable to the refund on cereals

20 . 7. 73                               Official Journal of the European Communities                         No L 200/ 13
                             REGULATION (EEC) No 1948/73 OF THE COMMISSION
                                                         of 19 July 1973
                         fixing the corrective amount applicable to the refund on cereals
THE COMMISSION OF THE EUROPEAN                                      Whereas the cif price is that determined in accor­
COMMUNITIES,                                                        dance with Article 13 of Regulation No 120/67/EEC ;
                                                                   whereas the cif forward delivery price is that deter­
                                                                    mined in accordance with Article 3 (2) of Regulation
Having regard to the Treaty establishing the European               No 140/67/EEC (6), as amended by Regulation (EEC)
Economic Community ;                                                No 2435/70 (7), based, in respect of each month for
                                                                   which the export licence is valid, on the cif price
                                                                    calculated on the basis of offers for shipment during
Having regard to Council Regulation No 120/                         the month of exportation ;
67/EEC (1) of 13 June 1967 on the common organiza­
tion of the market in cereals, as last amended by the
Act (2) annexed to the Treaty (3) on the Accession of              Whereas the corrective amount so fixed will be altered
new Member States to the European Economic                          if application of the calculation procedure described
Community and the European Atomic Energy                            above entails a change in that amount of more than
Community, signed at Brussels on 22 January 1972,                   0-125 unit of account ;
and in particular the third sentence of the first sub­
paragraph of Article 1 6 (4) thereof ;
                                                                    Whereas, however, Article 2 of Regulation No 633/
                                                                    67/EEC provides that the corrective amount appli­
Having regard to the Opinion of the Monetary                        cable to the amount of the refund fixed in advance on
Committee ;                                                         exports to be effected after the third month following
                                                                    that during which the licence was issued should be
                                                                    fixed on the basis of foreseeable market trends ;
Whereas Article 16 (4) of Regulation No 120/67/EEC                  whereas to this end account should be taken of avail­
provides that the export refund applicable to cereals               abilities and foreseeable trends on the Community
on the day on which application for an export licence               market and of forward trends on the world market, in
is made, adjusted for the threshold price in force                  particular on those markets whose specific require­
during the month of exportation, must be applied on                 ments have made it necessary to vary the refund ;
request to exports to be effected during the period of
validity of the export licence ; whereas, in this case, a
corrective amount must be applied to the refund ;                   Whereas, if the refund system is to operate normally,
                                                                    refunds should be calculated on the following basis :
Whereas Regulation No 633/67/EEC (4), as last                       — in the case of currencies which are maintained in
amended by Regulation (EEC) No 1461 /72 (5), lays
down detailed rules for the advance fixing of the                        relation to each other, at any given moment,
export refund on cereals ;                                               within a band of 2-25 % , a rate of exchange based
                                                                         on their effective parity ;
Whereas that Regulation provides that the refund                     — for other currencies an exchange rate based on the
applicable on the day on which application for an                        arithmetic mean of the spot market rates of each
export licence is made must, when the refund is fixed                    of these currencies recorded for a given period, in
in advance, be reduced by not more that the differ­                      relation to the Community currencies referred to
ence between the cif forward delivery price and the cif                  in the previous subparagraph ;
price where the former exceeds the latter by more
than one unit of account per metric ton ; whereas, on
the other hand, the refund must be increased by not                 Whereas it follows from applying all these provisions
                                                                    that the corrective amount must be fixed as shown in
more than the difference between the cif price and
the cif forward delivery price where the former                     the Table annexed to this Regulation ;
exceeds the latter by more than one unit of account
per metric ton ;                                                    Whereas the measures provided for in this Regulation
                                                                    are in accordance with the Opinion of the Manage­
(!) OJ No 117, 19 . 6. 1967, p. 2269/ 67.                           ment Committee for Cereals ;
(2 ) OJ No L 73 , 27. 3 . 1972, p . 14.
(3 ) OJ No L 73 , 27 . 3 . 1972, p . 5 .
(4) OJ No 233 , 28 . 9 . 1967, p . 9 .                              (<>) OJ No 125, 26. 6. 1967, p. 2456/67 .
 5 OJ No L 155, 11 . 7 . 1972, p. 35 .                              (7) OJ No L 262, 3 . 12. 1970, p. 3 .
 ---pagebreak--- No L 200/ 14                           Official Journal of the European Communities                                  20 . 7. 73
HAS ADOPTED THIS REGULATION :                                          hereby fixed as shown in the Table annexed to this
                                                                       Regulation .
                        Article 1
                                                                                                  Article 2
The corrective amount referred to in Article 16 (4) of
Regulation No 120/67/EEC which is applicable to                       This Regulation shall enter into force on 20 July
export refunds fixed in advance in respect of cereals is               1973 .
             This Regulation shall be* binding in its entirety and directly applicable in all Member
             States.
             Done at Brussels, 19 July 1973 .
                                                                                 For the Commission
                                                                                    P. J. LARDINOIS
                                                                             Member of the Commission
                                                             ANNEX
             to the Commission Regulation of 19 July 1973 fixing the corrective amount applicable
                                                     to the refund on cereals
                                                                                                                         (u.a /ton
                                                                   1st         2nd          3rd         4th    5th         6th
      CCT                                            Current     period       period       period      period period     period
    heading            Description of goods
      No                                                7           8                                                       1
                                                                                9            10          11     12
10.01 A          Common wheat, and mes­
                   lin
10.01 B          Durum wheat
10.02            Rye
10.03           Barley
10.04           Oats
10.05 B          Maize other than hybrid
                   maize for sowing
10.07 C          Grain sorghum