CELEX: 31977R0739
Language: en
Date: 1977-04-07 00:00:00
Title: Commission Regulation (EEC) No 739/77 of 6 April 1977 fixing the world market price for colza and rape seed

No L 89/30                            Official Journal of the European Communities                              7. 4. 77
                                   COMMISSION REGULATION (EEC) No 739/77
                                                       of 6 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,                                                    738/77 (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 (*), 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 1713/76                This Regulation shall enter into force on 7 April
of 15 July 1976 fixing the amount of the subsidy on               1977.
              This Regulation shall be binding in its entirety and directly applicable in all Member
               States.
               Done at Brussels, 6 April 1977.
                                                                            For the Commission
                                                                             Finn GUNDELACH
                                                                                Vice-President
(') 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.
(*) OJ   No L 236, 24. 8. 1973, p. 28.                           (7) OJ No L 192, 16. 7. 1976, p. 17.
(*) OJ   No L 66, 13. 3. 1975, p. 11 .                           (8) See page 28 of this Official Journal.
 ---pagebreak--- 7 . 4. 77                                 Official Journal of the European Communities                                                           No L 89/31
                                                                       ANNEX
          World market price applicable from 7 April 1977 (or colza and rape seed (CCT heading
                                                                    No ex 12.01 )
                                                                                                                                 u.a./100 kg (')
          World         market price                                                                                                26.381
          World         market price where the subsidy is fixed in advance
          — for         the month of April 1977                                                                                     26.381
          — for         the month of May 1977                                                                                       26.381
          — for         the month of June 1977                                                                                      26.306
          — for         the month of July 1977                                                                                      26.306
          — for         the month of August 1977                                                                                    25.350
          — for         the month of September 1977                                                                                 25.125
          (') 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 1 5665
              1  u.a .   —  FI          3.35 507
              1  u.a.    —  Bfr/Lfr    48.6572
              1  u.a .   —  FF          6.63174
              1  u.a.    -  Dkr         8.13822
              1 u.a . —       £         0.775723
              1 u.a . —     I£          0.775723
              1 u.a . —     Lit     1 180.71