CELEX: 31976R0175
Language: en
Date: 1976-01-28 00:00:00
Title: Commission Regulation (EEC) No 175/76 of 27 January 1976 determining the world market price for colza and rape seed

No L 19/22                                  Official Journal of the European Communities                               28 . 1 . 76
                                       COMMISSION REGULATION (EEC) No 175/76
                                                          of 27 January 1976
                             determining the world market price for colza and rape seed
THE COMMISSION OF THE EUROPEAN                                         on oil seeds (7), as last amended by Regulation (EEC)
COMMUNITIES,                                                           No 174/76 (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
1 464/73 (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 2651 /75                     This Regulation shall enter into force on 28 January
of 17 October 1975 fixing the amount of the subsidy                     1976 .
               This Regulation shall be binding in its entirety and directly applicable in all Member
               States .
               Done at Brussels, 27 January 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 . 1 973 , p. 5 .
(3)  OJ  No L 167 , 25 . 7 . 1972, p . 9 .
C)   OJ  No L 357, 28 . 12 . 1973 , p . 6 .
(5)  OJ  No L 236, 24 . 8 . 1973 , p . 28 .                            ( 7 ) OJ No L 269 , 18 . 10 . 1975, p. 37 .
( b) OJ  No L 66, 13 . 3 . 1975 , p . 1 I .                            (s ) See page 20 of this Official Journal .
 ---pagebreak--- 28 . 1 . 76                                 Official Journal of the European Communities                                                             No L 19/ 23
                                                                         ANNEX
            World market price applicable from 28 January 1976 for colza and rape seed (CCT heading
                                                                      No ex 12.01 )
                                                                                                                                     u.a./100 kv (')
            World        market price                                                                                                   16.814
            World        market price where the subsidy is fixed in advance :
            — for        the month of January 1976                                                                                      16.814
            — for        the month of February 1976                                                                                     16.814
            — for the month of March 1976                                                                                               16.895
            — for the month of April 1976                                                                                               16.976
            — for the month of May 1976                                                                                                 17.056
            — for the month of June 1976                                                                                                17.137
            (') 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 .     Fl          3.35507
                1  u.a .  =  Bfr / Lfr  48.6572
                1  u.a .  =  FF          5.55419
                1  u.a .  =  Dkr         7.57828
                1  u.a .  =    £         0.61332
                1  u.a .  =  I £         0.61332
                1  u.a .  =  Lit       844.288