CELEX: 31978R1923
Language: en
Date: 1978-08-10 00:00:00
Title: Commission Regulation (EEC) No 1923/78 of 9 August 1978 fixing the world market price for colza and rape seed

10 . 8 . 78                            Official Journal of the European Communities                        No L 219/ 19
                                   COMMISSION REGULATION (EEC) No 1923/78
                                                      of 9 August 1978
                                fixing the world market price for colza and rape seed
THE COMMISSION OF THE EUROPEAN                                    Whereas, to enable the price system to operate
COMMUNITIES,                                                      normally, the world market price should be calculated
                                                                  on the following basis :
Having regard to the Treaty establishing the European
Economic Community,                                               — in the case of currencies which are maintained in
                                                                      relation to each other at any given moment within
Having regard to Council Regulation No 136/66/EEC                     a band of 2-25 % , a rate of exchange based on
of 22 September 1966 on the establishment of a                        their effective parity ;
common organization of the markets in oils and
fats (!), as last amended by Regulation (EEC) No                  — for other currencies, an exchange rate based on the
1419/78 (2),                                                          arithmetic mean of the spot market rates of each
                                                                      of these currencies recorded for a given period in
Having regard to Council Regulation (EEC) No                          relation to the Community currencies referred to
1569/72 of 20 July 1972 laying down special                           in the previous subparagraph ;
measures for colza and rape seed (3), as last amended
by Regulation (EEC) No 852/78 (4),                                Whereas, applying all these provisions, the world
                                                                  market price for colza and rape seed should be fixed
Having regard to Commission Regulation (EEC) No                   as shown in the table annexed to this Regulation,
2300/73 of 23 August 1973 laying down detailed
rules for applying differential amounts for colza and
rape seed and repealing Regulation (EEC) No
                                                                  HAS ADOPTED THIS REGULATION :
1464/73 (5), as last amended by Regulation (EEC) No
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 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
mined in accordance with the rules and the criteria                                        Article 2
set out in Commission Regulation (EEC) No 1922/78
of 9 August 1978 fixing the amount of the subsidy on              This Regulation shall enter into force on 10 August
oil seeds (7) ;                                                   1978 .
                This Regulation shall be binding in its entirety and directly applicable in all Member
                States .
                Done at Brussels, 9 August 1978 .
                                                                             For the Commission
                                                                              Finn GUNDELACH
                                                                                 Vice-President
(!) OJ   No 172, 30 . 9 . 1966, p. 3025/66.
(2) OJ   No L 171 , 28 . 6. 1978, p. 8.
P)  OJ   No L 167, 25 . 7. 1972, p. 9.
(4) OJ   No L 116, 28 . 4. 1978 , p. 6.
(5) OJ   No L 236, 24. 8 . 1973, p. 28 .
(6) OJ   No L 143, 10 . 6. 1977, p. 9 .
(7) See  page 15 of this Official Journal .
 ---pagebreak--- No L 219/20                                Official Journal of the European Communities                                                             10 . 8 . 78
                                                                       ANNEX
          World market price applicable from 10 August 1978 for colza and rape seed (CCT heading
                                                                    No ex 12.01 )
                                                                                                                                 u.a. /100 kg ( X )
          World        market price                                                                                                 17.654
          World        market price where the subsidy is fixed in advance :
          — for        the month of August 1978                                                                                     17-654
          — for        the month of September 1978                                                                                  17-654
          — for the month of October 1978                                                                                           16.010
          — for the month of November 1978                                                                                          16-010
          — for the month of December 1978                                                                                          16.010
          — for the month of January 1979                                                                                           16.339
          (') 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 15665
              1 u.a . - F1             3.35507
              1 u.a. - Bfr/ Lfr       48.6572
              1 u.a . - FF             6.74018
              1  u.a . —  Dkr          8-56656
              1  u.a . -  £            0.796356
              1  u.a . -  I £          0.796356
              1  u.a . -  Lit      1 288.60